13075. State Bank (Grand Island, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 1, 1931*
Location
Grand Island, Nebraska (40.925, -98.342)

Metadata

Model
gpt-5-mini
Short Digest
bbc5bc3b

Response Measures

None

Description

The articles state the State Bank of Grand Island suspended in October 1931 and is described as a failed bank; by March 1932 a dividend was being paid to depositors (receiver activity). No run is mentioned in the articles.

Events (2)

1. October 1, 1931* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is described as failed and suspended in October 1931 (solvency failure).
Newspaper Excerpt
the bank deposits business October suspended 1931
Source
newspapers
2. March 6, 1932 Receivership
Newspaper Excerpt
payment the depositors of the failed State bank of Grand IsPeoples' land. was initial 40 cent the and represented per the time the bank deposits business October suspended 1931, he said.
Source
newspapers

Newspaper Articles (2)

Article from Beatrice Daily Sun, March 6, 1932

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Article Text

FOR DEPOSITORS LINCOLN, Mar. the nor Bryan today, of dividend of $75,026 payment the depositors of the failed State bank of Grand IsPeoples' land. was initial 40 cent the and represented per the time the bank deposits business October suspended 1931, he said. WILBER, Mar. (Special) of Ed Dvorak four The home Wilber demiles stroyed by fire Thursday afternoon. The cause of the fire was unknown though an explosion the shortly beheard on premises the house was discovered in fore flames. Nothing was except few pieces furniture.


Article from The Custer County Chief, March 17, 1932

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Article Text

The citizens of Bayard protested the governor because highway east from Minatare to join HighNo. did not through go but four miles north governor stated that project not hurt Bayard but will save miles between Scottsbluff and Alliance. He told them, that the near future paved will be built to connect ard the new highway Nebraska produced pounds of wool last year. This was slight decrease from 1930 and slight increase over 1929. State Marsh has been out the state good deal during the three four or months taking depositions in suit which contests the sufficiency the referendum petition filed Nebraska truckers against the regulating trucks and busses. positions are being taken in counties. said that testimony shows that petitions from whole counties endangered some instances circulators entered other counties than their signsigned outside of their counties, and some petitions were carried people not certified circulators. The original petition contained names and necessary that 43,000 names from the remain the petitions after ineligible have removed the is to be referred to the voters. Federal figures show that the United States had favorable trade balance of nearly $15,000,000 January. Exports for the month while imports The attorney general filed before the supreme conspiracy and to establish monopoly in sand and gravel the of miles of raska highways, and asking that the Sand and Gravel Company and other companies enjoined from maintaining bination restraint of trade violation the state temporary order was not asked and no order will be issued by the court until the case is tried on its merits. The 1931 legislature passed law providing that, where two or surnames of for the same office are the same in spellsound such may printed on the ballot after their names not to exceed five words giving the post office address occupation of such candidate. Dan Swanson, state commissioner, has filed an applicahave the words "Present Land Commissioner, Fremont, Nebraska" follow his This to the fact that he has an opponent for the office named Gus Swanson of York Floyd Bollen Friend petitioned that permitted list his occupation address because name rhymes with that of Ira Tolen Ord. Both are candidates for railway commissioner. Tolen filed before Bollen. result of recent conferbetween Nebraska and pure food officials was cided that interstate egg shipments must be certified by candling in prosecuting both the buyer and the seller this procedure followed. The Nebraska inspecalso received information the bootlegging gasoline in braska by several Wyoming refinAnnouncement has been received that the interstate comwhich recently the western grain rate matter has called for hearings in the to Chicago April The Nebthe hearing with the hope curing lower grain rates for Nebraska farmers to effect the ments of the 1932 crop. board of control has let The state contracts for the construction of an auto license plate factory reformatory. The plant cost $2800 not cluding the equipment and machthe manufacture of the plates. The factory will be ation in ample time to furnish the supply of 1933 license plates for Nebraska automobiles. State Bass recently distributed to the counties the state. This net gasoline tax collections for February. failed Former depositors state bank Grand Island were last week. paid of state ruled After the secretary against placing farm-labor candiballot because dates on primary has legal existence the party no failed to organize required and recent leadby law stated that the movement mandamus suit they would file secretary of state compel the names of three place candidates on the ballot. commission issued The the Burlington abanpermit to between Fairmont trackage The railroad signed an McCool. that would maintain agreement rates points on short line line on future shipments the old longer roundabout that will take haul. Commerce ComThe Interstate hearing in Omaha mission held protests filed by potarecently of of Nebraska and neighboring shippers states against the proposed this freight rates on increase railroads propose an product. The to fifteen increase of from hundred pounds on potaprotest asked shipments. increase be not that the reductions nied but certain made. state highway department The contract for the concently let bridge across struction large McCook for river including 30,000 yards grading leading to the bridge other contract for the brara bridge Valentine for $51,880 and worth of grading be done the approaches bridge. Due slight misunderstanding bids for widening the Bridgeport bridge were rejected bids be opened April The new senate hall in the state capitol building now very nearly completed and recently house who were letting highway bids. The house chamfilled with scaffolding for workmen who finishing the beam ceiling the room. Both the house and senate chambers ing equipped with an electric votsystem which permits members vote from their desks by pressan electric button, their votes being registered on lighted panels the front the rooms. new record for number of state warrants issued during month set during February when the auditor's office issued warrants. The bursed ago before the highway building gram gained such large proportions six seven thousand warrants the average. The auditor's office force has not been increased since that time though the business nearly doubled. interesting to know during February an average warrants were issued during each working hour. Of these wants 3800 issued on the vehicle registration fund while 3500 the gasoline tax fund. fire last seriously damaged house rented by the state which tiny babies and thirteen older of the state home for housed. Prompt action on the part nurse made all the burning building without injury dor mitory being erected at Whitethe childrens' home, as for girls and part of the children again made homeless by the fire will moved into the dormitory when completed. The board will have to rent house, however, where the boys of the group will kept. School district No. of Cedar county has filed motion for hearing with the supreme court. The court recently ruled that the acted accordto law when he denied the school of state funds cause parochschool instead public institution. Nine errors the court listed the motion lays the groundwork for federal court appeal. Contracts recently let by the state board control for supplies for state institutions the coming quarter reveal that food prices dropped considerably during the past year. Beans have dropped from per hundred pounds: rice from hundred: sugar from hundred: bacon from beef from $7.76 Flour and product prices show similar reductions oatmeal now per hundred with recent meeting of the state board that the 1932 attractions will be cost has been reduced nearly third. possible that reduction prices will made this season. of the various departments of the fair will be the same last year with exception of three or four men. the coming year Several from this community tended the dance for Mr. and Mrs. Jessie Reynoldson and family, who are moving to Turner Valley. Mr. and Mrs. Floyd Rapp and daughters and Homer Neth visited Sunday the Frank Jenkins home. and Mrs. Archer family and Mr. Mrs. Roland Drake and Jimmy visited Sunday the Kintzler home. Mrs. Henry Wooters and Mrs. spent Sunday the Robert Golden home Mrs. HenWooters stayed days them with their moving. and Steve Marchek and son were dinner guests Mr. Chris and and Mrs. Elmer Juel family were afternoon guests at the Clarence Munnel home. Ada Bennet spent the Raymond Neth home. Mrs. Bud Kintzler and Buddy Gene visited at the Jay Archer home Friday.