Neligh State Bank - Neligh, NE

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 19, 1929
Location: Neligh, Nebraska (42.129, -98.030)

Metadata

Model: gpt-5-mini
Short Digest: c1459924

Response Measures

Full suspension, Books examined

Other: State banking examiner and conference of officers/stockholders mentioned; closure pending state decision.

Description

Article (Omaha World-Herald, 1929-10-22) reports Neligh State Bank closed Saturday and refers to an alleged matter involving officers/stockholders that precipitated the bank and a run. Indicates a run led to suspension/closure. Date of closing inferred as 1929-10-19 (Saturday before publication). OCR errors in the clipping made some phrases unreadable; interpreted officers stockholders and precipitated the bank as bank-specific adverse information.

Events (3)

1. October 19, 1929 Run

Cause: Bank Specific Adverse Info
Cause Details: Allegations concerning officers/stockholders are cited as having precipitated withdrawals (run) on the bank.
Newspaper Excerpt: Conference Fails to Shed Light Alleged Which Caused Run. ... alleged to have precipitated the bank
Source: newspapers

2. October 19, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed following the run allegedly precipitated by matters involving officers/stockholders; closure reported as of the prior Saturday.
Newspaper Excerpt: institution which closed Saturday
Source: newspapers

3. * Other

Newspaper Excerpt: Conference ... failed to develop new alleged ... which caused the bank ... Lincoln. Oct. Van examiner, banking officials charge, decision Neligh concerning contemplated officers, stockholders ... conference ... failed to shed light
Source: newspapers

Newspaper Articles (1)

1. October 22, 1929 Omaha World-Herald Omaha, NE

Article from Omaha World-Herald, October 22, 1929

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Article Text

STATE AWAITS DECISION ON NELIGH BANK ACTION Conference Fails to Shed Light Alleged Which Caused Run. Lincoln. Oct. Van examiner, banking officials charge, decision Neligh concerning contemplated officers stockholders the telope State bank in institution which closed Saturday, conference Ray the bank, Bliss the of trade failed develop new alleged to have precipitated the bank, lated today, had paid 10 year since for funds from when Neligh one bank, the Security