13324. Nebraska State Bank (Norfolk, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
October 20, 1932
Location
Norfolk, Nebraska (42.028, -97.417)

Metadata

Model
gpt-5-mini
Short Digest
cec93f7d

Response Measures

None

Description

Articles indicate the Nebraska State Bank of Norfolk failed and closed, but was since reopened (article from 1932). A 1933 real-estate transfer references a 'Nebraska State Bank Liquidation association', suggesting liquidation of some assets continued after reopening; however the sources do not describe a depositor run. Cause of the suspension is not specified in the articles.

Events (3)

1. October 20, 1932 Reopening
Newspaper Excerpt
the bank, which has been since reopened, that the assessment on the capital stock are payable only out of the assets of the stockholders.
Source
newspapers
2. October 20, 1932 Suspension
Cause Details
Article states the bank 'failed' and closed; no specific trigger (embezzlement, correspondent failure, or rumor) is given.
Newspaper Excerpt
failed Nebraska State Bank of Norfolk, before closing. the contention of the bank, which has been since reopened
Source
newspapers
3. August 3, 1933 Other
Newspaper Excerpt
Henry, sheriff to the Nebraska State Bank Liquidation association... Norfolk, $1350.30. ... Henry, sheriff to Madison County Building and Loan Ass'n ... (real-estate transfers involving bank liquidation association)
Source
newspapers

Newspaper Articles (2)

Article from The Albion Argus, October 20, 1932

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Article Text

brief was filed with the preme court this week by the partment of trade and commerce, appealing decision of District Judge Stewart, Madison, in which he denied recovery by the department of which was for assessment levied against failed Nebraska State Bank of Norfolk, before closing. the contenof the bank, which has been since reopened, that the assessment on the capital stock are payable only out of the assets of the stockholders. It the contention the state that immaterial whether the bank was bankrupt as the assessment was against the bank itself.


Article from The Tilden Citizen, August 3, 1933

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Article Text

Madison County Real Estate Transfers Real estate transfers for the week ending Monday, July 31st, compiled by Ward and Moyer Abstract Bonded Abstracters, Madison, Neb. Henry, sheriff to the Nebraska State Bank Liquidation association. (S. Lot Block Riverside Park D.) Addition, Norfolk, $1350.30. Senestedt to Cora Beels Block Durland's 2nd Add., Norfolk, $1.00. Harry Barnes to H. Luikart, ceiver of Norfolk Savings Bank, (Rec. Deed) Lots and Block Original Town of Battle Creek, Nebraska. $1.00. Daniel Conley to Edith M. Porter An undivided 19 interest South 198 of East 60 West of Lot 22 Ward's Suburban Lots Norfolk. Other value and Henry, Sheriff to Madison County Building and Loan Ass'n Lot 12, Block Pasewalk's 4th Addition to Norfolk, Gilbert Stone to Edith M. orter (Q. D.) Undivided 19 interest South 198 of of W 126 of Lot Ward's Suburban Lots to Norfolk, other value and $1.00. Henry, sheriff to Madison County Building and Loan Ass'n in Block Lawndale Addition to City of Norfolk,