Osceola Bank - Osceola, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 24, 1933
Location: Osceola, Nebraska (41.180, -97.548)

Metadata

Model: gpt-5-mini
Short Digest: f96e2bec

Response Measures

None

Description

Articles (Apr 24–25, 1933) describe the Osceola Bank as a failed institution that suspended and is being liquidated with dividends being paid from liquidated assets. No mention of a depositor run is present in the excerpts. Therefore this is classified as a suspension followed by permanent closure/liquidation.

Events (3)

1. April 24, 1933 Other

Newspaper Excerpt: The dividend amounted to $6,599 and brought total paid since the bank suspended to $42,500.
Source: newspapers

2. April 24, 1933 Receivership

Newspaper Excerpt: Closed Osceola Bank Pays $6,599 Dividend ... paid dividend ... from liquidated assets of the failed institution.
Source: newspapers

3. * Suspension

Cause Details: Article notes the bank had suspended; no cause for the suspension is given in the text.
Newspaper Excerpt: the Osceola bank ... brought total paid since the bank suspended to $42,500.
Source: newspapers

Newspaper Articles (3)

1. April 24, 1933 The Columbus Telegram Columbus, NE

Article from The Columbus Telegram, April 24, 1933

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Article Text

CLOSED OSCEOLA BANK PAYS $6,599 DIVIDEND Lincoln, Apr. 24 the Osceola bank, Osceola, Neb., have been paid dividend of 2.7 per cent from liquidated assets of the failed institution. The amounted to $6,599 brought total paid since the bank suspended to $42,500.

2. April 25, 1933 York News-Times York, NE

Article from York News-Times, April 25, 1933

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Article Text

DEPOSITS PAID LINCOLN. Neb., April Depositors of the Osceola bank, Osceola, Neb., have been paid dividend of 2.7 per cent from liq. uldated assets of the failed institution. The dividend amounted to $6.599 and brought the total dividend paid since the bank suspended to $42,500.

3. April 25, 1933 The Stockman's Journal Omaha, NE

Article from The Stockman's Journal, April 25, 1933

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Article Text

Nebraska Briefs Lincoln. Depositors of the Osceola banw, dividend Osceola, Neb., have been paid of per liquidated The dividend assets of the failed cent institu- from amounted to $6,599 and the total dividends paid since the bank suspended to $42,500. Valentine. County Assessor O. E. Taylor, injured in highway crash near Ainsworth, died at an Ainsworth hospital. Glenn Ainsworth garageman, was killed instantly in the collision. West Point William F. Fegley, employed in the local postoffice has been awarded the Order of the Purple Heart of the Adjutant General's office of the United States war department. He received the medal for wounds in 1918 tion in while serving as a corporal in France. Norfolk William Volkman, sergeant in the E. during the World war, who was badly gassed month before the Armistice in 1918, has been awarded the Order of the Purple Heart for courage and heroism by the United States government. Lincoln. photographic exhibit of the Omaha club consisting 75 pieces, now on display Morrill Hall gallery, will end April and the will be taken the University of Iowa for an exhibition. clock with of and made 183 years wooden the prized possessions the Fahrlander family here. The fect driven time by weights and keeps clock per- Grand Island. Bologna and bread ring and six the fare for on the city now. 15 The new menu saving of cents per meal for the city.