12964. Decatur State Bank (Decatur, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 7, 1916
Location
Decatur, Nebraska (42.007, -96.250)

Metadata

Model
gpt-5-mini
Short Digest
d9716050

Response Measures

None

Description

Newspaper articles from June 1916 report the Decatur State Bank as a failed/defunct institution and that a receiver will be or has been appointed. No run or depositor run is described; the bank is in bad condition and placed in receivership.

Events (2)

1. June 7, 1916 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank described as failed/defunct and in bad condition; takeover parties withdrew, leaving insolvency/failed condition leading to suspension/closure
Newspaper Excerpt
The failure of the parties who were expected to take over the failed Decatur bank ... means now that a receiver will be appointed by Judge Day. The bank examiner who has had charge all along is still in charge
Source
newspapers
2. June 15, 1916 Receivership
Newspaper Excerpt
the secretary of the state banking board, E. Royse, announces ... Douglas D. Whitcomb of Walthill, has been appointed to take charge of the defunct Decatur State bank, recently shown to be in a bad condition.
Source
newspapers

Newspaper Articles (2)

Article from Omaha Daily Bee, June 7, 1916

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Article Text

Receiver in Order for Decatur Bank (From a Staff Correspondent) Lincoln, June :- - (Special.)-The failure of the parties who were expected to take over the failed Decatur bank to take possession, and their notice to the secretary of the State Banking board that they had decided not to take the bank. leaves the situation just as it was before the delay and means now that a receiver will be appointed by Judge Day. The bank examiner who has had charge all along is still in charge and it may take some time before the situation is cleared up.


Article from Omaha Daily Bee, June 15, 1916

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Article Text

# CLARENCE S. PAINE IS DEAD Secretary of State Historical Society Expires at Lincoln After a Short Illness. # WELL KNOWN TO THE PIONEERS (From a Staff Correspondent.) Lincoln, Neb., June 14.-C. S. Paine, secretary and treasurer of the Mississippi Valley Historical association, secretary and registrar of the Sons of the American Revolution and secretary of the Nebraska State Historical society, died here this morning after an illness of five days. He was also secretary and treasurer of the Nebraska Territorial Pioneers' association. He was taken sick while attending the Mississippi Valley Historic..l association meetings at Nashville, Tenn., a month ago and is thought to never have completely recovered. He was 48 years old. The announcement came as a shock to the people of Lincoln, many of whom did not know he was even ill, and at first it was supposed that a mistake had been made. Mr. Paine leaves a wife and four children, the oldest being Mrs. Edward Slater of Omaha. The other three, two sons and a daughter, residing a thome. One of the great ambitions of Mr. Paine's life was to see Nebraska have a historical building of its own and to this end he had worked unceasingly. However, Nebraska legislatures had always been deaf to his entreaties, and while hundreds of thousands of dollars of priceless relics lay unprotected in different places, the members of the legislature could not see it Mr. Paine's way, and he has gone to his grave with his efforts in this line unrewarded, while the work of years is liable to be wasted uness a future legislature is more generous than those of the past. No arrangements have yet been made for his funeral. # Complaint From Quarrymen. Railway Commissioner Clarke and Rate Clerk Powell went to Meadow today to investigate a complaint made by owners of stone quarries that the Rock Island railroad was not giving them cars sufficient to ship their product. It has been understood that the sand and stone dealers were to be given an even chance on the cars, but the latter claim that they have not been given their share. # Judges Off to Visit Bar. Chief Justice of the Supreme Court Morrissey, Associate Justices Fawcett and Barnes, and District Judge Cornish of Lincoln journyed to North Platte today to attend the meeting of the Western Nebraska Bar association, all of them being on the program. # Receiver for Decatur Bank. The secretary of the state banking board, E. Royse, announces that his department has received notice that Douglas D. Whitcomb of Walthill, has been appointed to take charge of the defunct Decatur State bank, recently shown to be in a bid condition. # Pearson Signs Requisition. Governor Pearson this morning signed a requisition presented by an officer from Kansas sent by Governor Capper asking for the return to that state of David A. Ranson, charged by his wife with wife and child abandonment. Ranson is being held by the sheriff of Richardson county.