Center State Bank - Center, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: October 1, 1930*
Location: Center, Nebraska (42.609, -97.877)

Metadata

Model: gpt-5-mini
Short Digest: 5772369a

Response Measures

None

Description

Article states Center State Bank (Center, Knox County, Neb.) had closed in October 1930 and reopened in February 1931 after stockholders made a 100% assessment to reorganize. No mention of a depositor run; sequence is a suspension followed by reopening.

Events (2)

1. October 1, 1930* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in October 1930 and required reorganization; stockholders later made an assessment to recapitalize the bank.
Newspaper Excerpt: the bank closed October, 1930
Source: newspapers

2. February 1, 1931* Reopening

Newspaper Excerpt: Center Bank Reopens ... opened its doors for business ... stockholders ... made a 100 assessment on their stock ... to help reorganize the bank.
Source: newspapers

Newspaper Articles (1)

1. February 19, 1931 The Stockman's Journal Omaha, NE

Article from The Stockman's Journal, February 19, 1931

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Article Text

Center Bank Reopens Lincoln, Neb., Feb. opening of the Center State Bank, of Center, Neb., Knox county, was an nounced Wednesday by Governor Charles bank closed October, 1930 opened its doors for business Stockholders, the governor's announcement said, in 100 assessment on their stock per to help reorganize the bank.