Colfax County Bank - Howells, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 22, 1934
Location: Howells, Nebraska (41.725, -97.003)

Metadata

Model: gpt-5-mini
Short Digest: 997c3cc6

Response Measures

None

Description

Article (1934-11-22) states the Colfax County Bank 'went into receivership' and is paying a dividend to depositors. No run or temporary suspension described; this is a failed bank in receivership (permanent closure).

Events (2)

1. November 22, 1934 Other

Newspaper Excerpt: A 19 per cent dividend will be paid depositors in the Colfax County bank of Howells as the result of an order entered in Colfax county district court ... The dividend will total $73,036.31.
Source: newspapers

2. * Receivership

Newspaper Excerpt: Tho total claims against the bank when the institution went into receivership were $384,402.84.
Source: newspapers

Newspaper Articles (1)

1. November 22, 1934 The Colfax County Press and the Clarkson Herald Consolidated Clarkson, NE

Article from The Colfax County Press and the Clarkson Herald Consolidated, November 22, 1934

Click image to open full size in new tab

Article Text

HOWELLS BANK TO PAY 19 PER CENT A 19 per cent dividend will be paid depositors in the Co/fax County bank of Howells as the result of an order entered in Colfax county district court by District Judge F. L. Spear. The dividend will total $73,036.31. A previous dividend of 20 per cent was paid, making a total of 39 per cent that has been received by the creditors. Tho total claims against the bank when the institution went into receivership were $384,402.84.