Mitchell State Bank - Mitchell, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 12, 1929
Location: Mitchell, Nebraska (41.940, -103.809)

Metadata

Model: gpt-5-mini
Short Digest: 123ab8aa

Response Measures

None

Description

Articles (Aug 15–16, 1929) report Mitchell State Bank was closed and a receiver appointed by the state banking board. No mention of a prior depositor run; therefore classified as a suspension by government action that led to permanent closure/receivership. Date of closure / receiver appointment inferred as Monday, Aug 12, 1929 (based on newspaper dates). OCR in Article 1 had garbled phrasing corrected.

Events (2)

1. August 12, 1929 Receivership

Newspaper Excerpt: Depositors in Failed Bank... meeting depositors of the... Mitchell state bank... Only those were depositors the failed institution admitted the understood.
Source: newspapers

2. August 12, 1929 Suspension

Cause: Government Action
Cause Details: State banking board closed the bank and appointed a receiver (no insolvency cause given in articles).
Newspaper Excerpt: Mitchell State Bank has been closed and a receiver appointed by the state banking board Monday.
Source: newspapers

Newspaper Articles (1)

1. August 16, 1929 Star-Herald Scottsbluff, NE

Article from Star-Herald, August 16, 1929

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Article Text

Depositors in Failed Bank Gather Saturday meeting depositors of the funct Mitchell state bank has been called for eight o'clock Saturday ning the city hall in Mitchell, by the committee charge. Only those were depositors the failed institution admitted the understood.