Citizens State Bank - Orchard, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 18, 1934
Location: Orchard, Nebraska (42.336, -98.243)

Metadata

Model: gpt-5-mini
Short Digest: 7de3d8dd

Response Measures

None

Description

Article (May 18, 1934) reports the Citizens State Bank as failed and that remaining assets were sold to a depositors' committee; no mention of a depositor run. This indicates the bank suspended/payments and remained closed with assets liquidated/receivership activity, so classified as suspension_closure.

Events (2)

1. May 18, 1934 Receivership

Newspaper Excerpt: sale of the remaining assets of the failed Citizens State Bank, at the bank building ... local depositors' committee bid in all the remaining assets for nine thousand dollars. After the sale is confirmed by the court, we are informed that party will be employed to collect the outstanding notes under the supervision of the local committee.
Source: newspapers

2. * Suspension

Cause Details: Article states the bank as failed but gives no explicit cause for the suspension/closure.
Newspaper Excerpt: the failed Citizens State Bank
Source: newspapers

Newspaper Articles (1)

1. May 18, 1934 The Orchard News Orchard, NE

Article from The Orchard News, May 18, 1934

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Article Text

ASSETS OF BANK SOLD TO DEPOSITORS' COMMITTEE Mr. Downing, of the Department of Trade and Commerce, at Lincoln, was in Orchard Tuesday and conducted sale of the remaining assets of the failed Citizens State Bank, at the bank building. There were number of local people present, and some buyers from outside of the community. number of bids were submitted on few individual notes, but the local positors' committee bid in all the maining assets for nine thousand dollars. After the sale is confirmed by the court, we are informed that party will be employed to collect the outstanding notes under the supervision of the local committee.