Carroll State Bank - Carroll, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 7, 1934
Location: Carroll, Nebraska (42.276, -97.189)

Metadata

Model: gpt-5-mini
Short Digest: 1bc0bf28

Response Measures

None

Description

Article (June 7, 1934) reports assistant bank receiver arranging loans to pay depositors a dividend for Carroll State Bank. That indicates the bank was in receivership (closed) and not merely facing a run; no run or reopening is mentioned. Classified as suspension_closure (suspension leading to permanent closure/receivership).

Events (1)

1. June 7, 1934 Receivership

Newspaper Excerpt: The assistant bank receiver stated that the loans, which will be used to pay depositors dividend, should be available in the near future... The money is being loaned on good paper assets of the banks and the local bank will receive approximately $35,000.
Source: newspapers

Newspaper Articles (1)

1. June 7, 1934 Winside Tribune Winside, NE

Article from Winside Tribune, June 7, 1934

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Article Text

Complete Arrangements For Bank Loans W. R. Scribner was in Lincoln Monday completing arrangements for R. C. bank loans for the Citizens State Bank of Winside and the Carroll State Bank of Carroll. The assistant bank receiver stated that the loans, which will be used to pay depositors dividend, should be available in the near future. The money is being loaned on good paper assets of the banks and the local bank will receive approximately $35,000. This amount will mean that between a 20 and 25% dividend will be paid depositors of the local bank. Mr. Scribner was accompaned to Lincoln by his daughter, Mrs. H. L. Brune.