Mitchell State Bank - Mitchell, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1928*
Location: Mitchell, Nebraska (41.940, -103.809)

Metadata

Model: gpt-5-mini
Short Digest: aad0a719

Response Measures

None

Description

Article (1929-02-17) reports the Mitchell State Bank failed to open in January 1928; the Nebraska State Guaranty Fund Commission took possession and operated the bank and a receiver/commission is handling payments. OCR errors in the article were corrected (e.g., 'GuaranFund commission' -> 'Guaranty Fund commission'). No run is mentioned; the bank remained under commission/receiver control.

Events (2)

1. January 1, 1928* Receivership

Newspaper Excerpt: The Nebraska State Guaranty Fund commission took possession the bank that time, have continued and operated since then as going bank. During this time 'they only been able to pay one installment... Mr Bellamy now going enjoy the privilege asking the money justly due him from the State Guaranty'.
Source: newspapers

2. January 1, 1928* Suspension

Cause: Government Action
Cause Details: Nebraska State Guaranty Fund commission took possession of the bank when it failed to open in January 1928.
Newspaper Excerpt: he had deposit there January, 1928, when the bank failto open its doors. The Nebraska State Guaranty Fund commission took possession the bank that time, have continued and operated since then as going bank.
Source: newspapers

Newspaper Articles (1)

1. February 17, 1929 Star-Herald Scottsbluff, NE

Article from Star-Herald, February 17, 1929

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Article Text

BELLAMY SEEKING RECOVERY OF SUM IN DEFUNCT BANK Local Man Declares Promise of Payments Not Carried Out by Bank Receiver. Fred Bellamy of this city has filed suit district court against the Mitchell State of Mitchell, the Nebraska State Bank GuaranFund commission, to recover some that he had deposit there January, 1928, when the bank failto open its doors. The Nebraska State Guaranty Fund commission took possession the bank that time, have continued and operated since then as going bank. During this time "they only been able to pay one installment, amounting to per cent,' Mr Bellamy, have made numerous promises of additional payments but failed to make them good.' Mr Bellamy now going enjoy the privilege asking the money justly due him from the State Guaranty