12903. State Bank (Clarks, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 19, 1928
Location
Clarks, Nebraska (41.215, -97.836)

Metadata

Model
gpt-5-mini
Short Digest
2edb67cb

Response Measures

None

Description

Newspaper reports state the state bank of Clarks was closed November 19, 1928 and later guaranty fund payments were made to its depositors. No run is described in the articles; the bank was a failed/closed institution and appears to have remained closed (payments by guaranty commission).

Events (1)

1. November 19, 1928 Suspension
Cause
Government Action
Cause Details
Bank was closed and depositors were receiving guaranty fund payments — indicates official closing/takeover by authorities or guaranty commission following failure.
Newspaper Excerpt
The state bank of Clarks, was closed 19. 1928, and total payments have been 51 per cent to date.
Source
newspapers

Newspaper Articles (2)

Article from Arlington Review-Herald, May 9, 1929

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Article Text

BISHOPS Methodist of Dignitaries Episcopal Church in Sesat Lincoln sion week or discussion of church problems and forming of religious policies opened here Thursday with approximately 30 bishops of the Methodist Episcopal church meeting in their annual session. Bishop McDowell, of Washington, senior bishop, presided at the opening business session Thursday morning. All of the businews sessions of the bishops' will be Thursday night. given A brief memorial service was held for Bishop Theodore Henderson, of Cincinnati, who died during the winter. Virtually every bishop presiding over domestic diocese was present at the conference assigned to foreign lands were unable to attend. GUARANTY BOARD PAID MILLION OUT HALF LINCOLN (Special) Nearly $500,000 of the money had on hand was distributed by the guaranty fund commission, just before stepped out of office, to depositin failed banks, Among the number was the Breglau State bank, taken over July 24, 1928. The payment totaled $31,567, or 21 cent depositors have total. To date of the received state bank of Clarks, November 19, 1928, and total payments have been 51 per cent to date. This includes the 13 per cent just paid, or depositors in Otis and Murphy, at Humphrey, whose bank was closed February payment of $56,377, or per cent was paid, making total per cent. LOUIS MAIL SERVICE INAUGURATED service between Omaha and St. inaugurated Wednesday when two Fokker planes arrived at Fort Crook. The planes were met by the Omaha and Council Bluffs SAYS WIFE HURLED his wife hurled striking him in the chest and break. ing Pearl Neale is seeking divorce from Ada Neale. IN THIS HOME IN TWO SPALDING Tragedy Wednesday entered the Smith family for the second time in two months with the death Roy Smith, 30 years old, killed by the discharge of his shotgun. A 10-yearold son died two months ago from burns. Smith was found dead his wife, the entire left side of his head torn away by the shot.


Article from The South Sioux City Mail, May 10, 1929

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Article Text

Dignitaries of Episcopal Church in Session at Lincoln week discussion church problems and forming religious policies opened here Thursday with approximately 30 bishops the Methodist Episcopal church meeting in their annual session. Bishop W. F. McDowell, of Washington, D. senior bishop, presided at the opening business session Thursday morning. All of the busi. ness sessions of the bishops' will be given Thursday night. brief memorial service was held for Bishop Theodore Cincinnati, who died during the winter. Virtually every bishop presiding over domestic diocese was present at the conference but those assigned to foreign lands were unable to attend. PAID OUT HALF MILLION LINCOLN (Special) Nearly $500,000 of the money had on hand was distributed by the guaranty fund commission, just before stepped of office, to depositors in failed banks. Among the number was the Breslau State bank taken over July 24, 1928. The payment totaled or per cent of the total. To date depositors have received 33 per cent The state bank of Clarks, was closed 19. 1928, and total payments have been 51 per cent to date. This includes per paid, or $35,523. To depositors in Otis and Murphy Humphrey, whose bank closed February 1928, payment of $56,377 or 13 per cent was paid, making total of 35 per cent. LOUIS AIR MAIL SERVICE service between Omaha and St. Louis was inaugurated Wednesday when two Fokker planes arrived at Fort Crook. planes were met by the Omaha and Council Bluffs postmasters, HE SAYS WIFE HUBLED SHAVING MUG AT IIIM his wife hurled shaving mug at him, striking him in the chest and break. ing Pearl Neale seeking divorce from Ada Neale. SECOND TRAGEDY IN THIS HOME IN TWO MONTHS SPALDING (UP) Tragedy Wednesday entered the Smith famfor the second time in two months with the death of Roy Smith, years old. killed the his shotgun. 10-yearold son died two months ago from burns. Smith was found dead by his wife, the entire left side of his head torn away by the shot.