Gurley State Bank - Gurley, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 9, 1921
Location: Gurley, Nebraska (41.322, -102.971)

Metadata

Model: gpt-5-mini
Short Digest: 31693d63

Response Measures

None

Description

Article (dated 1921-11-11) reports that a receiver was asked for the Gurley State Bank in Gurley, Nebraska, and that the bank closed its doors due to excessive uncollectible loans. No run or depositor panic is mentioned; the failure appears driven by bad loans/insolvency and led to receivership/closure.

Events (2)

1. November 9, 1921 Receivership

Newspaper Excerpt: A receiver for the Gurley state bank at Gurley, Neb., was asked ... stating the bank to have closed its doors.
Source: newspapers

2. November 9, 1921 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Excessive loans that could not be collected led to insolvency and closure.
Newspaper Excerpt: A receiver for the Gurley state bank at Gurley, Neb., was asked Wednesday of J. E. Hart ... stating the bank to have closed its doors. Excessive loans which could not be collected was given as the reason for failure.
Source: newspapers

Newspaper Articles (1)

1. November 11, 1921 The Producers News Plentywood, MT

Article from The Producers News, November 11, 1921

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Article Text

ANOTHER BANK GOES FLUEY Lincoln, Neb., Nov. 9.-A receiver for the Gurley state bank at Gurley, Neb., was asked Wednesday of J. E. Hart, secretary of the department of trade and commerce, in a message here stateing the bank to have closed it doors. Excessive loans which could not be collected was given as the reason for failure.