State Bank - Odell, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1930*
Location: Odell, Nebraska (40.050, -96.803)

Metadata

Model: gpt-5-mini
Short Digest: b0959fff

Response Measures

None

Description

Article (Beatrice Daily Sun, 1931-04-17) refers to the 'failure [of] the bank last year' and mentions a bank receiver and litigation against the former president/cashier for preferring depositors. No run or temporary reopening is described; the bank had failed and a receiver was in place, so classify as a suspension leading to permanent closure/receivership. Also records an injunction/judgment action in 1931 regarding return of assets.

Events (2)

1. January 1, 1930* Receivership

Newspaper Excerpt: the failure the bank last year. . . . announced settlement with the bank receiver.
Source: newspapers

2. April 17, 1931 Other

Newspaper Excerpt: The court sustained the injunction against Hinds, after the on its merits, and further set period of time for the return the assets and allowing for rendering judgment against Hinds
Source: newspapers

Newspaper Articles (1)

1. April 17, 1931 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, April 17, 1931

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Article Text

was rendered in disJudgment trict court Friday in the injunction action against Chas. Hinds former president and cashier of State bank of Odell, the Hinds prevent the depletion brought bank's assets through his of the preferring depositors prior the failure the bank last year. The action alleged that he held by the bank to notes depositors and to himself secure deposits. Two of the fendants the action, the Home Savings Loan association this and the Odell Cemetery city association, recipients some the securities, were dismissed from the week ago when they announced settlement with the bank receiver. Nearly $20,000 The court sustained the injunction against Hinds, after the on its merits, and further set period of time for the return the assets and allowing for rendering judgment against Hinds in event the return not Thirty-six notes were involved. aggregating, together with some cash, The exact portion of this amount for which Hinds to held responsible not immediately fixed. expected comprise the bulk the whole sum.