13471. First State Bank (Pawnee City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 1, 1925*
Location
Pawnee City, Nebraska (40.108, -96.154)

Metadata

Model
gpt-5-mini
Short Digest
19c753c5

Response Measures

None

Description

No article describes a depositor run. The bank was taken by the state/guaranty fund in Feb 1925 (state action), placed under receivership in Nov 1927, and assets/building sold to the newly formed Citizens State Bank; the institution remained closed. Dates inferred from article text.

Events (3)
1. February 1, 1925* Suspension
Cause
Government Action
Cause Details
Taken over by the state guaranty fund commission in February 1925 and operated by the commission thereafter
Newspaper Excerpt
the First State bank taken by the state Feb. 1925
Source
newspapers
2. November 10, 1927 Other
Newspaper Excerpt
Three weeks ago the building, fixtures and approved assets of the institution were sold to the newly, formed Citizens State bank.
Source
newspapers
3. November 10, 1927 Receivership
Newspaper Excerpt
E. J. Dempster ... was named this week by Judge Raper ... to be receiver of the First State bank of this city. Since February, 1925, the bank has been operated by the commission. ... Receivership instituted that date closing affairs of the bank.
Source
newspapers

Newspaper Articles (2)
1. November 11, 1927 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, November 11, 1927

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Article Text

BANK IN RECEIVER'S HANDS First State Bank of Pawnee City Sold by Commission. PAWNEE CITY, Neb., Nov. 10.E. J. Dempster of Geneva, member of the state guaranty fund commission, was named this week by Judge Raper of the district court, to be receiver of the First State bank of this city. Since February, 1925, the bank has been operated by the commission. Three weeks ago the building, fixtures and approved assets of the institution were sold to the newly, formed Citizens State bank.

2. April 28, 1930 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, April 28, 1930

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Article Text

DEPOSITORS MEET Pawnee City People Gather to Hear State Auditors' Report. PAWNEE of the failed First State bank of this city met hear state auditors' reports on the affairs of the bank. The First State bank taken by the state Feb. 1925. UnNov. 1927, was operated agents for the guaranty fund Receivership instituted that date closing affairs of the bank. Only 10 per-