13097. Harrison State Bank (Harrison, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1929*
Location
Harrison, Nebraska (42.687, -103.883)

Metadata

Model
gpt-5-mini
Short Digest
ec4b6a78

Response Measures

None

Description

The bank failed to open in early October 1931 and was turned over to the Nebraska Department of Trade and Banking; the articles indicate liquidation/receivership is expected. The articles also reference an earlier episode (Dec 1929) of heavy withdrawals and a temporary closure/reopening in Jan (circa 1930) — that earlier run is included as background but the October 1931 event is a state-ordered suspension leading to closure.

Events (3)

1. December 1, 1929* Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals in Dec 1929 forced a closure; bank subsequently reopened in January with arrangement to make a portion of deposits available and remainder on time certificates.
Measures
Reopened in January under supervision; arranged to make a percentage of deposits immediately available and issue time certificates for the balance.
Newspaper Excerpt
This bank closed December 1929, following heavy withdrawals ... the state banking department ... the bank was reopened January ... depositors ... signed to have available ... percent of their deposits upon the bank's ...
Source
newspapers
2. October 5, 1931 Suspension
Cause
Government Action
Cause Details
Nebraska Department of Trade and Banking took control; bank failed to open and was turned over to the state department pending examination and likely liquidation/receivership.
Newspaper Excerpt
HARRISON STATE BANK FAILS TO OPEN FOR BUSINESS MONDAY The Harrison State Bank failed open business Monday morning, and has been turned over by the ... directors to the state department ...
Source
newspapers
3. October 15, 1931 Other
Newspaper Excerpt
Harrison Bank Closes Advices from Lincoln are to the effect that the Nebraska department of trade and has the closing of the Harrison State bank Harrison, Sioux ... statement listed posits
Source
newspapers

Newspaper Articles (3)

Article from The Harrison Sun, October 8, 1931

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Article Text

HARRISON STATE BANK FAILS TO OPEN FOR BUSINESS MONDAY The Harrison State Bank failed open business Monday morning, and has been turned over by the Word and directors to the state departpassed ment trade and ExamMrs. iners the department arrived day evening have since been Des checking over books the institution, pending further action by the state bank This bank closed December 1929, home following heavy withdrawals tors, but the state banking department and the tors was reopened January with the personnel of officers and directors. The depositors at that time and signed to have available health percent of their deposits upon the bank's percent available years October and the balance of percent remain on time certificates remains drawing percent interest for year. wa, for With the last the certificates due October 1st, there had been amount the deposits withdrawn, although understood heavy with conditions the country none too good. was the opinion the officers and directors arranged the bank that to the best inter- Miss was ests of all to close the institution and turn over to the state At the present time there has been intimation what action state will take, but erally the assest the will be liquidated through ceivership. statement published by the bank was June 30th. at which time going there shown deposits totalling GUILTY PETTY LARCENY fellow giving the name young transient who been doing odd jobs the Oxford Hotel. arrested last Saturday night Sheriff on advise from Chadron that few items of clothing been stolen from the the stock train while siding here Saturday afternoon. Search of the where Warren had been sleepgarage, resulted the finding of pair rain coat. Warren mitted the pair shoes was had also been stolen by him from county court Monday ing Warren plead guilty to petty and was sentenced to two weeks ceny the county jail at hard labor. others the jail, village been making good the have been the rock the streets south the county property and the back street.


Article from Bridgeport News-Blade, October 15, 1931

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Article Text

LOCAL ENLIST HELP Regular Ball Team To ganized By Club Another good, peppy meeting featured weekly gathering the Lions Club on Tuesday, the veterans reunion" of last week seemingly having stirred up the residenters, and opening songs being renderd full of vigor vitality.' After calling the attention the matters of moment that will be coming during coming couple months, and fixing the date of directors' meeting, President Canaday presented the matter Bridgeport club aligning with plan being adopted by Lions clubs throughout the country in the matter the aid of the unemployed. Following explanathe plan, all sent signed 100 per cent, and the paper be circulated among those Tuesday order that may returned attestphalanx of the membership Coach Miller, of the high school, guest the club and fine talk on school athletics and the the football brought up the matfulfiling of the acceptance of the volley ball contest with and though the local club has been the of able secure the parapherntime practicing, any decided that they afforded Bayard nothing but Roman holiday, would be the plan visit that city nigh atnd put forth the best they had. Later chance practice and really get the hang the that Bayard would find her hands full future understood that the American Legion was the formation volley ball and that one was certain organized at the high school, contests to keep the Bridgeport was make real history for herin this sport. Harrison Bank Closes Advices from Lincoln are to the effect that the Nebraska department of trade and has the closing of the Harrison State bank Harrison, Sioux This institution county. statement listed posits


Article from The Harrison Sun, October 6, 1932

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Article Text

BANK change in the the Harrison State Bank the part of last week, having been returned to the local institution to replace Ray Tierney. Mr. Spacht placed in charge of the bank by the state department at the closed about year ago.