Elgin State Bank - Elgin, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 6, 1928
Location: Elgin, Nebraska (41.983, -98.084)

Metadata

Model: gpt-5-mini
Short Digest: af3567c5

Response Measures

None

Description

Article (Omaha World-Herald, Aug 6–7, 1928) states George Parker is receiver for the Elgin State Bank and had foreclosed a chattel mortgage on the telephone exchange; bank is described as defunct/receiver-appointed. No run or temporary suspension is mentioned in the text — receiver indicates the bank was closed/defunct. Date taken from article (Aug 6, 1928).

Events (1)

1. August 6, 1928 Receivership

Newspaper Excerpt: George Parker, receiver for the Elgin State bank, had foreclosed a chattel mortgage on the Charler ... Mr. Parker had decided that the exchange was a liability rather than an asset to the bank.
Source: newspapers

Newspaper Articles (1)

1. August 7, 1928 Evening World-Herald Omaha, NE

Article from Evening World-Herald, August 7, 1928

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Article Text

RANCHERS WIN MOVE TO RESTORE PHONES Service Was Stopped Bank Foreclosed on Exchange. AT BARTLETT EXCHANGE (By Staff Correspondent.) Lincoln, Neb., Aug. 6.-Ranchers in the vicinity of Bartlett where the distances are long the telephone is essential to and preservation of life and property, the were successful in their efforts have their service restored by state railway commission today the They had been without service since George Parker, receiver for the Elgin State bank, had fore. closed system. a chattel mortgage on the Charler A. Randall, chairman of the commission which has author. ity over operation of such utili. ties, notified the guaranty commission, with jurisdiction over de funct banks, that the exchange, numbering about 30 telephones, was closed without authority. Mr. Parker had decided that the exchange was a liability rather than an asset to the bank.