12893. Chadron State Bank (Chadron, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1929*
Location
Chadron, Nebraska (42.829, -103.000)

Metadata

Model
gpt-5-mini
Short Digest
f477d2d3

Response Measures

None

Description

The Chadron State Bank closed (suspended) in November (probably Nov 1929 as Article 2 says 'closed last November'). Depositors' committee recommended a receiver in Jan 1930; subsequent articles (Aug 1930, Jan 1932) report dividends paid by the receivers. No run is described in the provided articles. Cause of suspension is not specified in the texts, so classified as 'other'.

Events (4)
1. November 1, 1929* Suspension
Cause Details
Article(s) state the bank 'closed last November' but do not give a reason (no run or specific insolvency cause described).
Newspaper Excerpt
the failed Chadron State bank which closed last November
Source
newspapers
2. January 24, 1930 Other
Newspaper Excerpt
At a meeting of the depositors committee of the defunct Chadron State Bank held Tuesday night of this week, the members decided to recommend to George W. Woods, State Bank Commissioner that the bank be placed in the hands of a receiver. The committee ... has been going over the situation at the failed state bank for several weeks ... will recommend a receivership to Commissioner Woods. Chardon Journal (Crawford Tribune excerpt).
Source
newspapers
3. August 21, 1930 Other
Newspaper Excerpt
The depositors in the failed Chadron State bank which closed last November, received a 10% dividend on their deposits Wednesday of last week. The total amount received by depositors amounted to $45,314.64.
Source
newspapers
4. January 22, 1932 Other
Newspaper Excerpt
In the announcement from Governor Bryan's office of the dividend payments on failed state banks the news that dividend percent, amount being paid on the Chadron State Bank. Previous dividends paid on the Chadron State had totaled 15 cent or total of
Source
newspapers

Newspaper Articles (4)
1. January 24, 1930 Crawford Tribune Crawford, NE
Article from Crawford Tribune, January 24, 1930

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Article Text

From Our Exchanges Clarence H. Schroth, of Fort Robinson and Corinne Meyers of Lusk, Wyoming, were granted a marriage license at the county courthouse here Tuesday, January 14th.-Chadron Journal. At their meeting held Wednesday of this week, the members of the board of county commissioners took definite action on the question of building a new courthouse for Sioux county. A resolution was uanimously accepted calling a special election to be held on February 18th, at which time the people of Sioux County will pass their approval or disapproval of voting twen ty-year bonds in the amount of $100,000, said bonds to bear not more than 51/2% interest, for the erection of the new structure.-Harrison Sun. George Leak, poultry grower of Crawford, brought a live giant Eagle to the Dawes county poultry show in place of his usual poultry exhibit, which was necessarily kept at home on account of the cold wave. The cage is decorated in colors of the Crawford high school and a placard is tacked to the bird's cage with the caption "Craw ford High School Football Champions of Northwest Nebraska 1929." Mr. Leak had a display of over eighty chickens that he was forced to leave home, but plans to enter a large display next year.-Chadron Chronicle. home. In the evening Mr. and Mrs. Committee Will Ask ReceiverFred Popkay and family and Mr. and ship for State Bank Mrs. H. F. Popkay were treated to a At a meeting of the depositors comchicken supper at the James Priest mittee of the defunct Chadron State home. Bank held Tuesday night of this week, the members decided to recommend to George W. Woods, State Bank Com Izaak Walton missioner that the bank be placed in the hands of a receiver. League News The committee, made up of Mayor C. H. Bisping, Moie Loewenthal, O. President Hoover and Secretary Wil O. Sove, B. E. Lebo and Dr. M. W. Hul bur catapulted the public lands quesler, has been going over the situation tion into the arena of public discussion at the failed state bank for several in a most effective and far-reaching weeks and it is understood that they manner last summer when a tentative have made efforts toward effecting a proposal was made to turn the surface reorganization of some kind. They of our unappropriated public domain have been unable to interest any capilands, containing some 235,000,000 actal which would make a reorganizares, over to the states for administration possible at the present time, so tion, reads an editorial in the Februwill recommend a receivership to Com ary number of Outdoor America, offimissioner Woods.Chadron Journal. cla publication of the Izaak Walton

2. August 21, 1930 Northwest Nebraska News Crawford, NE
Article from Northwest Nebraska News, August 21, 1930

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Article Text

News of Northwest Nebraska Sheriff Bruce was re-nominated over in Sheridan county Tuesday of last week, receiving 1,041 votes to his nearest competitor's 471. J. E. Brown, first editor at Hay Springs, died at his home in Rushville Monday of last week at the age of 80 years. He started the publication of the Hay Springs Alert in 1885. Joe Ehlen, car inspector on the North Western. was accidentally killed at Chadron Wednesday of last week when he was run over by an empty stock car which had been kicked into action in switching. The depositors in the failed Chadron State bank which closed last November, received a 10% dividend on their deposits Wednesday of last week. The total amount received by depositors amounted to $45,314.64. L. D. Ott. farmer living two miles south of Redington, near Scottsbluff, reports an average yield of 44 bushels of wheat on a 342 acre field. One 40-acre field produced 59 bushels per acre and a 192-acre field yielded more than 50 bushels per acre.

3. July 15, 1931 Osmond Republican Osmond, NE
Article from Osmond Republican, July 15, 1931

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Article Text

BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.

4. January 22, 1932 Chadron Record Chadron, NE
Article from Chadron Record, January 22, 1932

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Article Text

ANOTHER STATE BANK DIVIDEND ANNOUNCED In the announcement from Governor Bryan's office of the ment dividends on failed state banks the news that dividend percent, amounting being paid on the ChadState Bank. Previous dividends paid on the Chadron State had totaled 15 cent or total of