Bank of Ragan - Ragan, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 21, 1931
Location: Ragan, Nebraska (40.310, -99.290)

Metadata

Model: gpt-5-mini
Short Digest: 9f0cd1b6

Response Measures

None

Description

Article (Columbus Telegram, 1931-09-21) reports the Bank of Ragan was closed by its officers and placed in the hands of the state department of trade and commerce; state examiner placed in charge. No run is mentioned. Classified as a suspension by government action that resulted in closure/receivership.

Events (2)

1. September 21, 1931 Receivership

Newspaper Excerpt: State Examiner Richard Hadley was placed in charge for the department. Deposits of the bank were listed $110,000; its capital $20,000 and its surplus ... E. Cox president; Janet Cox, vice president and Thomas Rogers, cashier ... Paul Allerheiligen, assistant cashier.
Source: newspapers

2. September 21, 1931 Suspension

Cause: Government Action
Cause Details: Closed by its officers and placed in charge of the state department of trade and commerce; state examiner assigned.
Newspaper Excerpt: Bank of Ragan, Ragan Nebr., was closed today by its officers and placed in the hands of the state department of trade and commerce.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1931 The Columbus Telegram Columbus, NE

Article from The Columbus Telegram, September 21, 1931

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Article Text

BANK AT RAGAN TAKEN OVER BY STATE BUREAU Lincoln, Sept. 21 Bank of Ragan, Ragan Nebr., was closed today by its officers and placed in the hands of the state department of trade and commerce. State Examiner Richard Hadley was placed in charge for the department. Deposits of the bank were listed $110,000; its capital $20,000 and its surplus E. Cox president; Janet Cox, vice president and Thomas Rogers, cashier and Paul Allerheiligen, assistant cashier.