American State Bank - Merriman, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 27, 1922
Location: Merriman, Nebraska (42.920, -101.701)

Metadata

Model: gpt-5-mini
Short Digest: d9369044

Response Measures

None

Description

Article (Omaha Daily Bee, 1922-05-28) reports the American State Bank of Merriman as failed with E. C. Cole as receiver declaring a dividend and the guaranty fund paying depositors. The piece does not describe a prior depositor run; it records the bank's failure and receivership. Date used (1922-05-27) taken from the dateline in the article.

Events (1)

1. May 27, 1922 Receivership

Newspaper Excerpt: J. E. Hart, secretary of the department of trade and commerce, today received a check for 10 per cent refund from the failed American State bank, Merriman. This is the first dividend declared by E. C. Cole, receiver of the institution. The guaranty fund paid deposits to the amount of $74,251.99.
Source: newspapers

Newspaper Articles (1)

1. May 28, 1922 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, May 28, 1922

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Article Text

Merriman State Bank Returns Share of Guarantee Lincoln, May 27.-(Special.)-J. E. Hart, secretary of the department of trade and commerce, today received a check for 10 per cent refund from the failed American State bank, Merriman. This is the first dividend declared by E. C. Cole. receiver of the institution. The guaranty fund paid deposits to the amount of $74,251.99.