13334. North Loup State Bank (North Loup, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 16, 1931
Location
North Loup, Nebraska (41.495, -98.773)

Metadata

Model
gpt-5-mini
Short Digest
4893c280

Response Measures

Full suspension, Books examined

Other: Receiver appointed later (claims being filed).

Description

Article (1931-10-17) reports the North Loup State Bank voluntarily closed its doors Friday after recent heavy withdrawals of deposits (run) and a bank examiner was expected. A later local paper (1932-01-08) refers to a bank receiver and filing claims, indicating the bank went into receivership (permanent closure). Dates inferred from publication: suspension/run in mid-October 1931; receiver reported by Jan 8, 1932.

Events (3)

1. October 16, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Recent heavy withdrawals of deposits from the North Loup State Bank prompted concern and led to suspension.
Measures
Voluntary closing of doors for protection of depositors; bank examiner expected to arrive.
Newspaper Excerpt
Recent heavy withdrawals of deposits, it is understood, resulted in the situation which dictated the suspension of business.
Source
newspapers
2. October 16, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank voluntarily suspended operations after heavy withdrawals; action taken to protect depositors and await examiner review.
Newspaper Excerpt
the North Loup State, voluntarily closed its doors Friday, taken for the protection of depositors.
Source
newspapers
3. January 8, 1932 Receivership
Newspaper Excerpt
The period for filing claims against the North Loup State Bank fast drawing to close... Mr. Hauser, bank receiver reports that many persons have not called their statements which are waiting them at the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Grand Island Independent, October 17, 1931

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Article Text

Clarence Laying Dry Tells Story About Filling His Bottle from Kegs Found While Hunting Clarence Allen, 32, head of weight, and drape with the easy perily which consists of wife and six fection which the current mode children, was arrested at the Prairie mands. For autumn coats and suits, the Creek dance hall, Friday night, by substantial corduroy member of the sheriff's force and most popular. For afternoon and lodged the county for violation popularized the liquor laws. He pleaded guilty leading French designer, the charge of possession, Saturday softer, light weight, hollow-cut cordumorning, before County Judge Paul roy favored. In this new weave, Kirk, and was sentenced pay both the pile and the wale are fine of $100 and costs. Allen lives trous, giving the effect of velvet. four miles north and and Several types of narrow waled, half miles east of Shelton farm corduroy share the spotlight with half mile from the the wide waled varieties and pique county corduroy with tiny wales visible only Allen had bottle tipped for rapid under close scrutiny modish for flow, when arrested by the officer, the street and sports wear. latter stated, and gave evidence of having had primer ahead of the OCEAN FLIERS consignment which was on the way down when the officer arrived at his REACH COLUMBUS side. Two pints of whiskey, in addition to small amount left in the Columbus, Oct. 17. bottle on which Allen was working, Pangborn and Hugh Herndon, who found his possession. made the first non-stop air voyage Lady Luck began flirtation with from Japan to the United States, Allen some time Friday, according stopped overnight here on their flight to the story which he told the offito New York where they will receive cers. The Lady smiled sweetly prize for their achievement. him while he was on pheasant The fliers landed at Port Columbus hunting expedition with friends Frilate yesterday after flying 695 miles day. While transversing corn field. from Omaha, Neb., in five hours and the hunting party came upon two ten fifteen minutes. They are due in New gallon kegs of whiskey, almost entireYork tomorrow. buried, he said. As Allen had three empty bottles in his pocket ONLY BANK IN NORTH the time, and his companions were LOUP FAILS TO OPEN similarly prepared, the party stopped and had refill all around. North Loup, Neb., Oct. Allen visited the Prairie Creek cial only bank in the dance hall last night, garbed in work village, the North Loup State, volshirt and Lady Luck untarily closed its doors Friday, dently didn't like his garb, for she ficers explaining that this action scowled fiercely. Allen didn't dance, taken for the protection of depositors. he stated, so he stayed outside, and, bank examiner was expected to while refreshing himself from his rive Saturday. Recent heavy with"find", the officer arrived on the drawals of deposits, it is understood, scene. resulted in the situation which dicOfficers questioned Allen considtated the suspension of business. M. erably in an effort to locate the field Earnest is president of the bank, where he claimed to have found the Schultz vice-president and Paul whiskey, but Allen just couldn't Robinson cashier. member. His wasn't working good, officers stated, he had first said that he had bought the whiskey at $5 for one gallon. He later remembered that he had found the refreshments in corn field earlier in the day while he was hunting. Allen told officers that he had received $400 as World war veteran last winter. He used part of this to square up debts over the city, he stated, and after he cleared up everything, he took the remainder and put in truck patch on the place where he lives. Dry weather ruined the garden, however, and his family, he stated, would have to receive aid. Allen had no money, he claimed, and will lay the fine out in jail. Sheriff Sanders told the court that complaints had come to his office concerning Allen's activities in violation of the liquor laws.


Article from The North Loup Loyalist, January 8, 1932

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Article Text

CLAIMS SHOULD BE FILLED The period for filing claims against the North Loup State Bank fast drawing to close. has been stated several times before, unless your claim is filed on or before January will be forever barred except for reasons shown. All claimants are urged attend to the matter at once. Mr. Hauser, bank receiver reports that many persons have not called their statements which are waiting them at the bank. You are asked to attend to these mat ters as speedily as possible. notary, file your claim. and the trust agreement which you may at the notary's.