Minatare Bank - Minatare, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Minatare, Nebraska (41.809, -103.504)

Metadata

Model: gpt-5-mini
Short Digest: 8ca7b6f2

Response Measures

None

Description

Article (Mar 7, 1929) discusses depositors of the 'failed Minatare bank' seeking further payment from the Guaranty Fund; bank is already closed/failed and in receivership. No run or reopening mentioned. Bank name doesn't indicate national/state/trust.

Events (1)

1. * Receivership

Newspaper Excerpt: petition signed by many of the depositors of the failed Minatare bank... that the depositors in failed banks will eventually get their money, even though the payment of the money may be delayed.
Source: newspapers

Newspaper Articles (1)

1. March 7, 1929 Minatare Free Press Minatare, NE

Article from Minatare Free Press, March 7, 1929

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Article Text

PETITIONS RECEIVED BY STATE OFFICERS Attorney General C. A. Sorenson States He Heartily Agrees With Contents of Petition Some weeks ago the Free Press made mention of the fact that meeting was held by depositors of the defunct Minatare Bank and that steps were being taken in order to get some action the part of the Guaranty Fund Commission in getting further payment on their deposits, which after two years has paid but twenty per cent. The letter has received during the past week by Oscar E. Nelson, of the mittee and attorney for the depositacknowledges receipt of your letter of March 1st and copy of petition signed by many of the depositthe failed Minatare bank. heartily agree with the contents petition. We have spent nearly two months now in resisting the efforts of over five hundred bankers to annul the Guaranty Law. If win, and the not repeal the law, the depositors in failed banks will eventually get their money, even though the payment of the money may delayed. also prepared for the Governor, and he bill providing for thorough audit and investigation of the Guanantee Fund Trade and and all banks in receivership since January 1919. take the position that the depositors in failed banks placed their money in those banks with the understanding and in the belief that their money protected by the State of Nebraska and the banks, and that their faith must not be shattered. shall do to see it that all the my power depositors failed banks are refundevery dollar that they entrusted to the banks. Sincerely yours, H. Sorensen, Attorney General. and Mrs. Johnson left Friday evening for Queen City, Mo., where they visit relatives. Sunday school class of the Methodist church St. Patricks party, Wednesday evening, in the church parlor. At the close of most enjoyable evening delicious were served. Kensington will entertained next Wednesday, March 13th the home of Mrs. with Mrs. C. Schneider and Mrs. Meyers assisting the hostess. All members and friends are invited to attend.