First State Bank - Holstein, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 13, 1931
Location: Holstein, Nebraska (40.465, -98.652)

Metadata

Model: gpt-5-mini
Short Digest: 6fd7d42d

Response Measures

None

Description

Article (Beatrice Daily Sun, 1931-10-13) reports the First State Bank of Holstein was turned over to the state department of trade and commerce for liquidation on Oct 13, 1931. No run or depositor panic is mentioned; action appears voluntary by officers and led to liquidation/receivership.

Events (2)

1. October 13, 1931 Receivership

Newspaper Excerpt: The First State bank of Holstein was turned over to the state department of trade and commerce today for liquidation.
Source: newspapers

2. October 13, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Officers turned the bank over to the state department for liquidation; bank capitalization $25,000, surplus $2,500, deposits about $90,000.
Newspaper Excerpt: At Holstein HOLSTEIN, Neb., Oct. 13 (P)The First State bank of Holstein was turned over to the state department of trade and commerce today for liquidation.
Source: newspapers

Newspaper Articles (1)

1. October 13, 1931 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, October 13, 1931

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Article Text

FOUR STATE BANKS SUSPEND SPRINGFIELD. Neb., Oct. 13 Upon the voluntary action its officers. the American state bank here was turned over today to the state department of trade and for liquidation. J. F. McLain ,examiner, was placed in charge. Deposits were about $190,000. At Holstein HOLSTEIN, Neb., Oct. 13 (P)The First State bank of Holstein was turned over to the state department of trade and commerce today for liquidation. Capital stock was $25,000; surplus $2,500, and deposits about $90,000. Close At Orleans ORLEANS, Neb., Oct. 13 (P)The State bank of Orleans was closed today for liquidation. C. H. Wear was president: M. E. Wear, cashier. The bank was capitalized for $25,000; had surplus of $5,000, and deposits of about $160,000. Hemingford Failure HEMINGFORD, Neb., Oct. 13 LP)-Officers of the Farmers' State bank here suspended business today and turned the institution over to the state department of trade and commerce for liquidation Caapital stock was $30,000 surplus $2,500. and deposits, $200,000.