12851. Nebraska State Bank (Bristow, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
March 9, 1932
Location
Bristow, Nebraska (42.842, -98.585)

Metadata

Model
gpt-5-mini
Short Digest
bed1a4c3

Response Measures

None

Description

The Nebraska State Bank of Bristow suspended on March 9, 1932 and was permitted to reopen June 18, 1932 after reorganization/capitalization. No article describes a depositor run; the suspension appears to have been by the state banking department (examiner involvement and formal suspension noted).

Events (2)
1. March 9, 1932 Suspension
Cause
Government Action
Cause Details
Suspended by state banking authorities/placed under department control; formal suspension noted in newspaper reporting (state department/examiner involvement).
Newspaper Excerpt
The bank suspended March 9th, 1932.
Source
newspapers
2. June 18, 1932 Reopening
Newspaper Excerpt
The Nebraska State Bank, Bristow, Nebr., reopened June 18 with capital stock of $15,000.00. The department permitted reopening the Nebraska State bank of Bristow, which suspended business March ... Ultimate payment of depositors in full planned.
Source
newspapers

Newspaper Articles (3)
1. June 18, 1932 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, June 18, 1932

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Article Text

PAYMENT OF POSITORS FULL IS PLANNED Lincoln. June ing of Nebraska state bank and the reopening another announced today the state partment of trade Reorganization the stockholdpermitted reopening the braska State bank of Bristow, which suspended business March The bank fully capitalized with Olson as dent, and Gibson president. Ultimate payment of depositors in full planned. The closed bank the Ruskin State bank Ruskin whose offiasked state department Examiner Robb placed charge. The bank deposits about The today also announced the initial dividend $29,159 the Liberty State bank Sid-

2. June 18, 1932 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, June 18, 1932

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Article Text

Bank Dividends Paid: $18,247 or 3%, Elgin State Bank depositors, this totals $66,908 or 11%. $6,039 or 15% State Bank of Swedeburg, this totals $16,104 or 40%. $9,394 or 4.75%, Nebraska State Bank Humboldt, this totals $137,942 or 69.75%. $8,992 or 10%, German American State Bank of Chalco, this totals or 45%. The West Point National Bank received first 15% or nearly $100,000. A dividend in the sum of $47,952 was paid the depositors of the failed Security State Bank of Neligh. This was the first payment since the bank closed and amounted to 20% of the deposits. A dividend of $4,706 or 3 per cent was paid to the depositors of the Silver Creek State Bank which totals $17,257 or 11 per cent. $7,192 in dividends was paid depositors in the Farmers State Bank of Petersburg. This is 3 per cent of the remaining accounts. Payments now total $46,752 or 19 per cent. $29,159.61 or 20%, Liberty State Bank Sidney, 1st payment. Ruskin State Bank closed June 17. Deposits about $100,000.00. The Nebraska State Bank, Bristow, Nebr., reopened June 18 with capital stock of $15,000.00. The bank suspended March 9th, 1932.

3. March 23, 1933 The Spencer Advocate Spencer, NE
Article from The Spencer Advocate, March 23, 1933

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Article Text

Banking Returning to Boyd County State Bank Temporarily Under 10% Restriction The county returned nearly to normal after the bank holiday ended and its effects subsided this week. The Boyd County State Bank of Anoka temporarily under restriction withdrawals, which limited to The bank had its choice of several plans for immediate reopening and chose protect its depositors by preventing any possible run on the bank after reopening. The state banking department may raise the restriction, change any time. The Spencer State bank and the Nebraska State bank Bristow, had already reorganized, freezing their old deposits, that further restrictions this time were necessary. The First National bank of Butte, only national chartered institution the county, was licensed to operate without restrictions, except for the withdrawal of gold or for hoarding purposes. Gold continues to return to the banks, in both coin and currency. The Boyd County bank reportamusing incident respect to turning women, unknown Anoka, returned gold certificates the amount $400, receiving other currency for They were careful divulge their identities even show their license plates in front the bank. Apparently they did not propose to deposit invest the currency they had obtained.