State Bank - Decatur, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Decatur, Nebraska (42.007, -96.250)

Metadata

Model: gpt-5-mini
Short Digest: 3ae9b7e2

Response Measures

None

Description

Article (Omaha Daily Bee, 1919-03-23) refers to the State Bank of Decatur as having failed. There is no description of a depositor run; the piece concerns a lawsuit over funds after the bank's failure. I classify this as a suspension/closure (permanent failure). The exact failure date is not given in the article.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as having failed; litigation later disputes whether $12,000 was a deposit or a loan to the bank that drew high interest, implying insolvency from bad asset/loan position.
Newspaper Excerpt: the State Bank of Decatur which failed
Source: newspapers

Newspaper Articles (1)

1. March 23, 1919 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, March 23, 1919

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Article Text

# NEW TRIAL FOR # MAN ACCUSED OF # CAR PART THEFT Howard Lee Given Another Chance to Prove His Inno- cence by the State Supreme Court. From a Staff Correspondent. Lincoln, March 22. - Howard Lee, convicted in Furnas county March 15 of stealing $200 worth of automo- bile accessories and sentenced to from one to seven years in the state penitentiary was released on $2,000 bond and his sentence was suspend- ed by a ruling of the supreme court Saturday on the ground of error of instruction by the court. In another ruling, the court in the case wherein the heirs of the estate of Frank Iams, formerly a wealthy horse trader at St. Paul, Neb., sued the state for $12,000 alleged to have been deposited in the State Bank of Decatur which failed, granted the appellant leave to file a printed brief by March 27, 1919 on the motion for rehearing. The state contended that Iams was not entitled to any reimbursement from the guaranty fund because the $12,000 was not a deposit, but a loan to the bank drawing a high per cent of interest. The supreme court upheld the state.