Dixon State Bank - Dixon, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 5, 1928
Location: Dixon, Nebraska (42.416, -96.997)

Metadata

Model: gpt-5-mini
Short Digest: b7272b18

Response Measures

None

Description

Article (Laurel Advocate, 1928-02-29) states the Dixon State Bank will pay a dividend on Monday, March 5, 1928, and refers to the bank having been taken over and under the Guarantee Fund commission. This indicates the bank had been suspended/taken into custody and is resuming payments; no run is described in the text. I infer the suspension was a government/examiner/guarantee-fund takeover (government_action).

Events (2)

1. March 5, 1928 Reopening

Newspaper Excerpt: George J. Boucher, special agent in charge of the State Bank of Laurel, will start paying 25 per cent dividend next Monday, March 5th...the Dixon State bank will also a like dividend the pay on same date...you be able to get one fourth of your deposits that were in the bank at the time it was taken over.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank had been taken over and placed under the Guarantee Fund commission / special agent control (state guaranty action).
Newspaper Excerpt: the Dixon State bank will also a like dividend the pay on same date...get one fourth of your deposits that were in the bank at the time it was taken There over.
Source: newspapers

Newspaper Articles (1)

1. February 29, 1928 The Laurel Advocate Laurel, NE

Article from The Laurel Advocate, February 29, 1928

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Article Text

$60,000 PAID A DIVIDEND State Bank of Laurel will Pay 25 Per Cent Now START PAYING MONDAY Notice Published in Another Column be Big Help to Community at This Time George J. Boucher, special agent in charge of the State Bank of Laurel, will start paying 25 per cent dividend next Monday, March 5th. The sum will be little more than $60,000. This welcome news was given to us last evening by Mr. Boucher who has been working hard to get the affairs of the bank in shape for this action. It will mean great deal to the community coming at this time and will stimulate spirit of optimism and burevival throughout the whole community. The bank has been in Guarantee Fund commission less than sixty And days. the good news further goes even as we are told that the Dixon State bank will also a like dividend the pay on same date. We do not know just what the total amount of the dividend Dixon will be but will relieve our sister community the same it as does us. Startng Monday morning will you be able to get one fourth of your deposits that were in the bank at the time it was taken There over. are certain rules are regulations that must be with in securing this dividend and advise our readers to turn to the letter from Mr. Boucher which is published in another column and get acquainted with the rules under which the dividend will be paid so that you can co-operate with the bank and get the business transacted quickly that other folks may be waited on. bank will continue to operate future as it has in the past, taking care of deposits. you to leave them in the bank. This is matter of accomodation to the community and the deposits are safe in the Institution according to Mr. Boucher, who explains it in his statement. He is giving the public as much as banking service as he is permitted to under the circumstances. We know this will be the most pleasing piece of news we have been able to give our readers for many day and we rejoice with everyone over the release of this money. It means to everyone and will do world of good at this time when the majors ity of people have settlements to make and obligations to meet.