Peoples State Bank - Gothenburg, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1901*
Location: Gothenburg, Nebraska (40.929, -100.161)

Metadata

Model: gpt-5-mini
Short Digest: 5a85fa5a

Response Measures

None

Description

Article reports the People's State Bank of Gothenburg failed in 1901 and subsequently was in receivership; final report filed in 1905 with depositors receiving 39%. No mention of a depositor run; therefore classified as a suspension/closure with receivership. Minor name punctuation corrected from People's to the provided Peoples.

Events (2)

1. January 1, 1901* Suspension

Cause Details: Article only states the bank failed in 1901; no cause given.
Newspaper Excerpt: the defunct People's State bank of Gothenburg, which failed in 1901.
Source: newspapers

2. January 6, 1905 Receivership

Newspaper Excerpt: Receiver William C. May has filed with Secretary Royse of the state banking board his final report ... The depositors have received a payment of 39 per cent and the receiver has been discharged.
Source: newspapers

Newspaper Articles (1)

1. January 6, 1905 The McCook Tribune McCook, NE

Article from The McCook Tribune, January 6, 1905

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Article Text

Depositors Get 39 Per Cent. LINCOLN-Receiver William C. May has filed with Secretary Royse of the state banking board his final report of the affairs of the defunct People's State bank off Gothenburg, which failed in 1901. The depositors have received a payment of 39 per cent and the receiver has been discharged.