Bank of Monroe - Monroe, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 23, 1930
Location: Monroe, Nebraska (41.474, -97.599)

Metadata

Model: gpt-5-mini
Short Digest: d7f8820a

Response Measures

None

Description

Article (The Monroe News, 1930-01-23) states the affairs of the Bank of Monroe were placed in the hands of receiver. No explicit run or heavy withdrawals are reported; the bank appears to be under receivership (closure).

Events (2)

1. January 23, 1930 Receivership

Newspaper Excerpt: having the affairs of the bank placed in the hands of receiver.
Source: newspapers

2. January 23, 1930 Suspension

Cause: Government Action
Cause Details: Affairs of the bank have been placed in the hands of a receiver (receivership/official action).
Newspaper Excerpt: We have been asked a number of times in regard to the Bank of Monroe opening. etc. We are sorry to report we have nothing definite in the matter, though work is still under way, and we are told that more than $15,000.00 in cash has been collected. We wonder if all who are interested in Monroe and vicinity realize the seriousness of having the affairs of the bank placed in the hands of receiver.
Source: newspapers

Newspaper Articles (1)

1. January 23, 1930 The Monroe News Monroe, NE

Article from The Monroe News, January 23, 1930

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Article Text

LIVE STOCK PRICES AT SOUTH OMAHA Desirable Light Steers Steady, Top $14.75. Heavy Cattle Lower. A 10-25c DROP IN HOGS Steady Prices for Fat Lambs at $12.75 @13.25. Feeder Lambs in Good Demand and Firm. Aged Sheep Hold Union Stock Yerds, Jan. 22, 1930Desirable light cattle and yearlings held stendy on Tuesday's market but plain and weighty steers ruled weal to 15@25c lower. Best steers here brought $14.75. Cows and helfers and stockers and feeders showed little noteworthy change. Receipts 8,000 head. Quotations on Cattle: Good to choice yearlings $13.75@15.40; fair to good yearlings $12.25@13.75; common to fair yearlings $10.75@12.25; trashy yearlings $9.50@10.75; choice prime handy beeves $14.00@15.00; good to choice handy steers $12.75@14.00; good to choice heavy beeves $12.50@ 13.75; fair to good steers $11.25@ 12.50: common to fair steers $10.00@ 11.25: good. choice fed helfers $11.75@ 13.25; lair, good fed heifers $10.50@ 12.00; common, fair fed heifers $9.00 @10.50; good, choice fed COWS $8.50@ 10.00; fair, good fed COWS $7.00@8.50; cutters $5.25@6.25; caners $4.85@5.10; beef and butcher bulls $8.50@10.50 native bologna bulls $7.75@8.85; vea. calves $11.00@14.50; heavy killing calves $8.00@12.00; trashy celves $6.00@8.00; good to choice stockers $11.50@12.75; fair to good stockers $10.25@11.50 common to fair stockers $9.25@10.25 ; trashy stockers $8.00@ 9.25; good to choice feeders $11.00@ 12.25; fair to good feeders $10.00@ 11.00; common to fair feeders $9.00@ 10.00; stock cows $6.25@8.00; stock helfers $7.50@9.25; feeding heifers $9.50@11.00; stock steer calves $11.00 @13.50; stock helfer calves $10.00@ 12.00. HEAVY RUN OF HOGS-LOWER With fully 23,000 fresh hogs on the market Tuesday and bearish reports from other points the market was slow and 10@25c lower than Monday Bulk of the trading was at $9.15@ 9.85 with a few choice butcher weights at $9.90. SHEEP AND LAMBS STEADY Ten thousand fresh sheep and lambs arrived Tuesday and sold at prices steady with Monday's weak close. Best fat lambs brought $13.25. Feeder lambs and aged sheep were in good demand and firm. FAT LAMBS: Fed lambs, good to choice $12.75@13.25; fed lambs, fair to good $12.00@12.75; native lambs, fair to good $12.25@13.00; native lambs, common to good $11.00@12.25; fed shorn lambs $11.50@12.40; year lings, all grades $8.00@12.00. FEEDER LAMBS: Western fdrs., good to choice $12.25@12.75; western fdrs., fair to good $11.00@12.25; western fdrs., common to fair $10.50@11.0 EWES: Fat, fair to good $6.25@ 6.85; fat, fair to good $4.00@6.25; cull and canner ewes $1.00@4.00. Clarence Watts plans to leave the first of the week for Schuyler where the family will make its future home. Maynard will also move into Monroe and have charge of the hardware store. The combined meeting of the Monroe and Okay W. C. T. U. was held at the Evangelical church Wednesday the 15th. Owing to cold weather, bad roads and sickness the attendance was not large,but all present enjoyed the splendid reports given by Mrs. L. P. Moss and Mrs. W. H. Luce. Rev. and Mrs. Flynn gave a pleasing musical number, and a letter of greetIng from Mrs. Sarah A. Lenon was read, which all enjoyed. While at Columbus Monday we learned that the state officials were taking exception to the way in which County Judge Gibbon and District Judge Lightner were handling convicted booze peddlers. It seems that in some cases those convicted were unable to pay the fine assessed and rather than put the convicted in jail and put the county to the expense of keeping the family the judges gave an extension of time for payment. one party being compelled to work in the day time and go to the county hotel for lodging at night. This, it seems to us, is the right way to handle the matter. To put some offenders in jail and feed their families would be mighty poor punishment. The Okay Ladies Aid had a surprise party for Mrs. C. D. Watts at the C. W. Hollingshead home Saturday afternoon. A beautiful friendship quilt was given Mrs. Watts as a token of their love and appreciation of her work at Okay We have been asked a number of times in regard to the Bank of Monroe opening. etc. We are sorry to report we have nothing definite in the matter, though work is still under way, and we are told that more than $15,000.00 in cash has been collected. We wonder if all who are interested in Monroe and vicinity realize the seriousness of having the affairs of the bank placed in the hands of receiver.