Exchange Bank - Ong, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 26, 1930
Location: Ong, Nebraska (40.399, -97.836)

Metadata

Model: gpt-5-mini
Short Digest: a5610e9b

Response Measures

None

Description

Article (Beatrice Daily Sun, 1930-01-26) reports the state department 'closing up the Exchange bank, Ong, Clay county' (cashier Adolph Luers). No mention of a prior depositor run; closure appears to be by state authorities (government action). OCR errors in the article text were corrected for readability.

Events (1)

1. January 26, 1930 Suspension

Cause: Government Action
Cause Details: State department of trade and commerce 'closed up' the Exchange Bank in Ong, Clay County (regulatory action).
Newspaper Excerpt: the department of trade and commerce today closing up the Exchange bank Ong Clay county which Adolph Luers was cashier.
Source: newspapers

Newspaper Articles (1)

1. January 26, 1930 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, January 26, 1930

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Article Text

EXECUTIVE IN STATEMENT ON BANK PROBLEM Planned To Present Opinion To People Of Nebraska Earlier SPECIAL SESSION OF ASSEMBLY IS POSSIBLE LINCOLN, Neb., Jan. Though he had planned to outline his views on the state banking situation and the question of mediate to the people of Nebraska before the current week closed, Governor Weaver clared today he would have nothing to say on the situation until next All during the present week, he he has been considering the status of state bank affairs. He has been in conference with officials the banking and with various of the legislature. It has intimated by the that his views on bankmatters would be presented the state in form of lengthy resume in which would consider, the future of state banks. Denies It. Though denying he had been "assigned" to the task of soundout sentiment the state, Attorney General Sorensen turned Lincoln last night after trip that took him to Grand St. Paul, Boelus and Danlatter place, said, he addressed gathering of than people journeyed for miles in below zero, hear discussion on the situation. One closed at that said, paid dividend the other paid its depositors terested receive of their accounts, Sorensen said. All the depositors and bankhe talked he related, united in retention the guaranty law to remaining solvent After the lapse of nearly week without bank suspension, the department of trade and commerce today closing up the Exchange bank Ong Clay county which Adolph Luers was cashier.