Genoa State Bank - Genoa, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Genoa, Nebraska (41.449, -97.731)

Metadata

Model: gpt-5-mini
Short Digest: 8777ea8b

Response Measures

None

Description

Article (Jul 13, 1931) refers to the Genoa State Bank as defunct/failed and discusses investigations into former president Knudson and alleged transactions. No run or depositor panic is described; the piece treats the institution as already closed/failed and under scrutiny, so this is classified as a suspension that resulted in permanent closure (suspension_closure). Date of failure/suspension not specified in the article text.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as failed/defunct; allegations and investigations into transactions, certificates of deposit, and conduct of former president Knudson prompted inquiries into bank failure.
Newspaper Excerpt: the defunct Genoa State Genoa, Neb. Rumors ... of the affairs the defunct Genoa State
Source: newspapers

Newspaper Articles (1)

1. July 13, 1931 The McCook Daily Gazette McCook, NE

Article from The McCook Daily Gazette, July 13, 1931

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Article Text

BRYAN HEARS OF NEW CONSPIRACY Denies He Had Any Deals With Failed Genoa Bank That Need Probing Lincoln, July Governor Charles Bryan said day he had spiracy" to link him with the fairs the defunct Genoa State Genoa, Neb. Rumors Bryan's alleged with the bank have had wide distribution recently. The announced that governor had received letter from George Hodge, of Genoa, telling him stranger' who had come Genoa with petitions blanks which asked for an investigation by attorney general of the state into any possible nection Bryan may have had with the bank and the former president of the institution, Knudson. At end of the special sion the legislature, the state senate voted unanimously quest" of Attorney General ensen probe Bryan's alleged connections with bank. Stranger's Name Unknown The governor's side of the story today was that the "stranger visited Genoa, seeking culators for the petition, had fused his name, simply stating that was from Omaha. The was quoted Bryan that "group attorneys" would look after the matter after the petitions had been circulated. simply conspiracy who their Bryan said hard on the "mystery" piece of deception, dishonesand an attempt mislead people of the Governor Bryan said that his only connection with the Genoa bank had been that of private individual depositor four years and that he had for his deposit and cashed them. The action of the state senate the final of the special session was taken on by Senators Rodman, of Omaha, and Grand Island. Rodman read list of alleged transactions with the Genoa bank which involved issuing certificates deposit Bryan and Knudson, former president the bank.