Mccague Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: February 28, 1897
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: 82f15d03

Response Measures

None

Description

Article (Omaha Daily Bee, 1897-02-28) reports a receiver (Curtis) ordering distribution of funds to depositors and that some depositors had been previously turned away. This indicates the bank was in receivership and effectively closed. No run is described in the article.

Events (1)

1. February 28, 1897 Receivership

Newspaper Excerpt: On the application of Judge Bartholomew, who is a heavy depositor in the McCague Savings bank, Receiver Curtis was ordered to at once distribute among the depositors in that bank the amount of money in his hands belonging to the bank. ... the receiver had turned away several depositors who had applied for their money and the court ordered that the receiver must at once distribute the money pro rata. The amount each depositor will receive in this distribution will be about 4 per cent of his deposit.
Source: newspapers

Newspaper Articles (1)

1. February 28, 1897 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, February 28, 1897

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Article Text

# Distribution of Savings Bank Funds. On the application of Judge Bartholomew, who is a heavy depositor in the McCague Savings bank, Receiver Curtis was ordered to at once distribute among the depositors in that bank the amount of money in his hands belonging to the bank. It was stated that the receiver had turned away several depositors who had applied for their money and the court ordered that the receiver must at once distribute the money pro rata. The amount each depositor will receive in this distribution will be about 4 per cent of his deposit.