13077. Commercial Bank (Grant, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 14, 1932
Location
Grant, Nebraska (40.842, -101.725)

Metadata

Model
gpt-5-mini
Short Digest
c8e38d3a

Response Measures

None

Description

Articles identify the Commercial Bank of Grant as a failed state bank in liquidation; dividends were paid to depositors, indicating permanent closure and liquidation/receivership rather than a temporary suspension or run.

Events (3)
1. March 14, 1932 Receivership
Newspaper Excerpt
Depositors of the failed Commercial Bank of Grant have been paid a first dividend of 15 per cent from liquidation of the assets of the defunct Institution. The dividend amounted to $5,995.61. (Mar. 14, 1932 article).
Source
newspapers
2. May 2, 1932 Other
Newspaper Excerpt
Commercial Bank, Grant, 15 per cent, $5,995. (May 2, 1932 article listing dividends paid).
Source
newspapers
3. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is described as failed and in liquidation (insolvency led to closure).
Newspaper Excerpt
failed Commercial Bank of Grant
Source
newspapers

Newspaper Articles (2)
1. March 14, 1932 The Hastings Daily Tribune Hastings, NE
Article from The Hastings Daily Tribune, March 14, 1932

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Article Text

PAY DEPOSITOR DIVIDENDS LINCOLN, Neb., Mar. 14-(U.P)Depositors of the failed Commercial Bank of Grant have been paid a first dividend of 15 per cent from liquidation of the assets of the defunct Institution. The dividend amounted to $5,995.61.

2. May 2, 1932 The Hastings Daily Tribune Hastings, NE
Article from The Hastings Daily Tribune, May 2, 1932

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Article Text

BANKS PAY DIVIDENDS LINCOLN, Neb., May Depositors of three failed state banks have received dividends from liquidation of bank assets. The banks, per cent and amount of dividends paid were as follows: State Bank of Orleans, 20 per cent, first dividend, $25,369.80. Nebraska State Bank, West Point, cent, $20,563. Commercial Bank, Grant, 15 per cent, $5,995. The re-organized former Farmers and Merchants State Bank, of Benson, reopened for business Saturday under the of the Douglas County Bank, of Omaha.