Holdrege State Bank - Holdrege, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Holdrege, Nebraska (40.440, -99.370)

Metadata

Model: gpt-5-mini
Short Digest: 56fc54c8

Response Measures

None

Description

Article (The Holdrege Progress, 1927-07-14) states the Holdrege State Bank went into the hands of receiver. There is no mention of a depositor run in the text. I classify this as a suspension/closure with receivership (government action/insolvency). Exact date of receivership not given in the article.

Events (1)

1. * Receivership

Newspaper Excerpt: the Holdrege State bank meantime went into the hands of receiver.
Source: newspapers

Newspaper Articles (1)

1. July 14, 1927 The Holdrege Progress Holdrege, NE

Article from The Holdrege Progress, July 14, 1927

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Article Text

HUNT WINS DECISION IN SUPREME COURT ON NOTE CASE Poculiar Feature Of Law Is Brought Out When Bank Receiver Sues Acting as both plaintiff and defendant, Van E. Peterson, secretary of the Guaranty Fund commission, has demonstrated that in this peculiar role it is possible to loss on both sides of the case. When the Holdrege State bank operating loaned some money to Hunt, of Hastings, and sold the note he executed to the Citizens State bank. The note was not paid and the Holdrege State bank meantime went into the hands of receiver. Peterson was named receiver, the Citizens bank sued on the note, making the Holdrege State bank party endorser, making Peterplaintiff and defendant. Hunt defended on the ground that the court had no jurisdiction, he lived in another county, and could not be sued in Phelps county by the pretext of making the bank to which originally gave the note defendant. The supreme court today held for Hunt. Hunt formerly resident of Holdrege and was at one time of the Holdrege Ice Cream Co.