Loup City State Bank - Loup City, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 20, 1929
Location: Loup City, Nebraska (41.276, -98.967)

Metadata

Model: gpt-5-mini
Short Digest: 2b51557e

Response Measures

None

Description

Newspaper items show the Loup City State Bank had closed by Dec 1929 (local paper) and later payments/dividends to depositors in late 1930; by spring 1931 a receiver (Clarence G. Bliss) is intervenor in a sheriff's sale, indicating the bank remained closed and in receivership. No article explicitly describes a depositor run; closure appears due to insolvency and receivership.

Events (3)

1. December 20, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed (failed) causing city and school district to lack access to funds; implies insolvency or failure leading to suspension
Newspaper Excerpt: Due to the closing of the Loup City State Bank and the resignation of the treasurer Mr. Henry, both the city and school district were without a treasurer
Source: newspapers

2. November 1, 1930 Other

Newspaper Excerpt: Loup City State Loup City, per...bank ... percent, ... Depositors repaid ... With the payment of dividends of failed banks during October, the total to depositors since Jan. brought ... Among the payments October ... Loup City State Loup City, ... percent, ... (Lincoln Journal Star, 1930-11-01).
Source: newspapers

3. April 2, 1931 Receivership

Newspaper Excerpt: Clarence G Bliss, Secretary of the Department of Trade and Commerce of the State of Nebraska, Receiver of the Loup City State Bank, a corporation, of Loup City, Nebraska, Intervenor.
Source: newspapers

Newspaper Articles (3)

1. December 20, 1929 Sherman County Times Loup City, NE

Article from Sherman County Times, December 20, 1929

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Article Text

Mary Garden is headlining on the Victor Radio hour tonight, commencing at 9 P. M. The city council and the board of education held lengthy sessions Tues day to determine the question of bonds for their newly appointed treasurer. The bonds for the treasurer have been approved. Both the ciity and the school district will be able to meet all obligations in cash from now on. Due to the closing of the Loup City State Bank and the resignation of the treasurer Mr. Hen ry, both the city and school district were without a treasurer and unable to draw the money in the county treas urer's hands. All the latest toilet and perfume gift sets are shown at Swanson's.

2. November 1, 1930 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, November 1, 1930

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Article Text

DEPOSITORS REPAID Security Savings Bank Gets Final Payments Bring Total $7,000,000. With the payment of dividends of failed banks during October, the total to depositors since Jan. brought Secretary Bliss of the department and commerce, announced Friday. Among the payments October of percent dividend the defunct Savings Beatrice. With this the full perdividend had paid. the State of Johnstown were paid dividend of the depositors settlefund which set under the new law passed the special legislative session. Dividends banks Nebraska State bank Milford. percent, Dixon State percent, Farmers bank Dalton, Commercial Exchange bank of Doniphan, percent, Merchants bank, Utica, 10 percent, Marion State Marion, Citizens State Ravenna, percent, Dodge State bank, Dodge, 10 percent, Breslau State Breslau, percent, Brownlee State bank Brownlee, percent, percent, Nemaha percent, Loup City State Loup City, perbank, Beemer. percent,

3. May 1, 1931 The Brewster News Brewster, NE

Article from The Brewster News, May 1, 1931

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Article Text

Notice of Sheriff's Sale Notice is hereby given that by virtue of an order of sale issued by the Clerk of the District Court of Blaine County, Nebraska, in an action wherein Bennington County Savings Bank, Bennington. Vermont, a cor poration is plaintiff and W E Henry whose real name is W. Eugene Henry, Jessie M. Henry, John Doe, whose real name is Earl L. Sears, and Mary Doe, whose real name is Ida Sears, Defendants, Clarence G Bliss, Secretary of the Department of Trade and Commerce of the State of Nebraska, Receiver of the Loup City State Bank, a corporation, of Loup City, Nebraska, Intervenor. I will on the 11th day of May, 1931 at the hour of one o'clock P. M. Standard central time at the east front door of the Court house in the town of Brewster in said Blaine County, Nebraska, offer for sale at public auction the following described lands and tenements to wit: Westhalf, and West-half of the East-half. of Section one, East-half of the Easthalf, and South-west Quarter, of Section two; North-west Quarter of Section eleven; North-east Quarter of Section fourteen: South-half, and North east Quarter of Section thirteen: North half and West half of the South-west Quarter of Section twenty-four; West half of the North west Quarter, and South west Quarter of Section twenty-five, all in Town ship Twenty-three N Range Twenty one, W. 6th P M. containing 2240 acres, more or less, according to Government Survey, situated in Blaine County, Nebraska. Given under my hand this 2nd day of April, 1931. Fred H. Schipporeit, Sheriff. Sidney W. Smith and E H Riggs, Attorneys for Plaintiff, 4-3 5-8