State Bank - Litchfield, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 26, 1928
Location: Litchfield, Nebraska (41.158, -99.156)

Metadata

Model: gpt-5-mini
Short Digest: 30169f20

Response Measures

None

Description

The article (Sherman County Times, 1928-11-02) reports the State Bank of Litchfield voluntarily turned over its affairs to the state banking department. No run is mentioned. I infer the turnover/suspension occurred the prior Friday (1928-10-26) based on the publication date.

Events (2)

1. October 26, 1928 Receivership

Newspaper Excerpt: The State Bank of Litchfield voluntarily turned over its affairs last Friday to the banking department. It is believed that the assets of the bank are sufficient to pay all depositors in fulland that there will not be any occasion to draw upon the Depositors Quaranty Fund of the state.
Source: newspapers

2. October 26, 1928 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily turned over its affairs to the state banking department; assets believed sufficient to pay depositors.
Newspaper Excerpt: The State Bank of Litchfield voluntarily turned over its affairs last Friday to the banking department.
Source: newspapers

Newspaper Articles (1)

1. November 2, 1928 Sherman County Times Loup City, NE

Article from Sherman County Times, November 2, 1928

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Article Text

Call phone No. 303-R and Harry Shipley will do your drayage and hauling. First class and prompt service. Archie L. Brown, R. H. Mathew, E. J. Maus, C. H. Ryan and Dar D. Grow autoed to Lincoln last Friday evening to attend the football game on Saturday. They met M. C. Brown of North Platte, at Grand Island, and he accompanied them the remainder of the trip. The State Bank of Litchfield voluntarily turned over its affairs last Friday to the banking department. It is believed that the assets of the bank are sufficient to pay all depositors in full and that there will not be any occasion to draw upon the Depositors Quaranty Fund of the state. Cecil B. DeMille's "King of Kings" Beautiful, reverent, awe-inspiring, uplifting, is this remarkable story of the greatest tragedy the world has ever known-the martyrdom and crusifixion of Jesus. See it at Liberty Theatre Sunday, Monday, Tuesday and Wednesdayfi November 4th, 5th, 6th and 7th.