State Bank - Nelson, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 27, 1927
Location: Nelson, Nebraska (40.202, -98.068)

Metadata

Model: gpt-5-mini
Short Digest: 63ddc4f2

Response Measures

None

Description

Article (Omaha Morning Bee, Feb 27, 1927) reports the State Bank of Nelson has been taken over and will be operated by the guaranty fund commission — a government takeover/receivership due to poor condition caused by credit problems and short crops. No run is mentioned.

Events (2)

1. February 27, 1927 Receivership

Newspaper Excerpt: has been taken over and will be operated by the guaranty fund commission Clarence Bliss, secretary trade and commerce
Source: newspapers

2. February 27, 1927 Suspension

Cause: Local Shock
Cause Details: Bank's condition said to have been brought about by credit problems and the short crops of last year; agricultural losses weakened the bank's condition.
Newspaper Excerpt: State bank of Nelson, Neb, has been taken over and will be operated the guaranty fund commission
Source: newspapers

Newspaper Articles (1)

1. February 27, 1927 The Omaha Morning Bee, The Omaha Daily News Omaha, NE

Article from The Omaha Morning Bee, The Omaha Daily News, February 27, 1927

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Article Text

Over by State Commission Lincoln. Feb. State bank of Nelson, Neb, has been taken over and will be operated the guaranty fund commission Clarence Bliss, secretary trade and commerce. bank's condition said to have been brought about by credit and the short crops of last year. Deposits of the bank aggregate has capital stock surplus. George president and Bottomfield. cashier.