Lindsay State Bank - Lindsay, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 1, 1928*
Location: Lindsay, Nebraska (41.700, -97.694)

Metadata

Model: gpt-5-mini
Short Digest: 075214b6

Response Measures

None

Description

Article (Albion Argus, 1929-08-01) states Lindsay State Bank failed year and half ago and has been paying dividends to depositors (10% this time, total 40% repaid). That indicates the bank previously suspended/failed and remained closed with receivership/asset liquidation proceeding. Exact failure date not given; estimated ~early 1928 (1.5 years before Aug 1929). Cause of failure not described in the article.

Events (3)

1. February 1, 1928* Suspension

Cause Details: Article does not specify reason for the bank's failure or suspension; only states it failed year and half ago.
Newspaper Excerpt: The Lindsay State bank which and field in well now process failed year and half ago paid in that section. ... This makes total of forty per cent of the total deposits paid back to depositors.
Source: newspapers

2. August 1, 1929 Other

Newspaper Excerpt: The Lindsay State bank ... paid in that section ... ten per cent dividend the past week. This makes total of forty per cent of the total deposits paid back to depositors.
Source: newspapers

3. * Receivership

Newspaper Excerpt: This makes total of forty per cent of the total deposits paid back to depositors.
Source: newspapers

Newspaper Articles (1)

1. August 1, 1929 The Albion Argus Albion, NE

Article from The Albion Argus, August 1, 1929

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Article Text

NEARBY Gleaned From Here and There Because Of Interest The Lindsay State bank which and field in well now process failed year and half ago paid in that section. of development ten per cent dividend the past building in new college conweek. This makes total of fortynection with Sacred Heart Convent per cent of the total deposits Omaha will be built at probpaid back to depositors. cost of chapel resolution asking that the sale by the Mrs. Nash estate. and discharging of firecrackers be Local capital at Superior has prohibited within the corporate raised the money to purchase limits of the village of Clarkson desirable lot upon which an outwas presented to the council at the side company will erect new hotel meeting last week. No action was that will be welcome credit to taken on the resolution. the city. Use of the Platte river waters has been reorganized with new offifor purposes is being cers, under new name and open investigated by George F. Condra for business. the and divi$250,000 bond issue for Richsion of the University of Nebraska. ardson county is being advocated Hundreds of thousands of acres of in order to local roads and land would be irrigated by this rivbridges that were destroyed by the er if the plan develops. In Hamilton June floods. county alone 200,000 acres would be affected. The Christian Science congrega- Bids for the project of paving the Meridian four additional miles south of Norfolk will be Iet at Lincoln on August 15. This will give paved road half way from Madito Norfolk. Army worms have been found in Madison county, also and the county agent of that county has been kept giving information on the control of the pests. A hog special train will be sent over the Burlington route and will make stop in Greeley some date in October.. The purpose of the train is to stimulate an interest in economical production of hogs. Statistics show that about 32 per cent of the gross farm income in the from hogs. Three tons of butter are churned week at the co-operative creamery in Greeley. On Saturday alone cream was received which churned 2,500 pounds of butter. Scotia, one of the towns in Greeley county, has sold its municipal light plant to one of the high line companies. The sale of the plant takes the debt off the city. Forrest Swoboda is the only man teaching in one-room school in Madison county for the coming term.