Citizens State Bank - Ralston, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1924*
Location: Ralston, Nebraska (41.205, -96.043)

Metadata

Model: gpt-5-mini
Short Digest: 22f182d6

Response Measures

None

Description

Article (Omaha Daily News, 1925-04-19) states the state guarantee fund commission took over the bank last July after alleged discrepancies were found; former cashier charged with forgeries. No run is mentioned. This indicates a suspension and takeover (receiver/commission) following bank-specific adverse information.

Events (3)

1. July 1, 1924* Receivership

Newspaper Excerpt: the state guarantee fund commission, which took over the bank last July, when alleged discrepancies were found in the bank's funds
Source: newspapers

2. July 1, 1924* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Alleged discrepancies in the bank's funds discovered by auditors leading to takeover by the state guarantee fund commission; related to missing funds/forgeries by the cashier.
Newspaper Excerpt: the state guarantee fund commission, which took over the bank last July, when alleged discrepancies were found in the bank's funds
Source: newspapers

3. April 19, 1925 Other

Newspaper Excerpt: Ted J. Shanahan, former cashier of Citizen's State bank of Ralston, Saturday furnished bond of $1,000 on each of three specific charges of forgeries ... The complaint against Shanahan was filed by George R. Buckner, auditor of the state guarantee fund commission, which took over the bank last July, when alleged discrepancies were found in the bank's funds . . . Shanahan declined to comment ... he had lost his personal fortune of $40,000 in an effort to prevent an impending crash of the Citizens' State bank.
Source: newspapers

Newspaper Articles (1)

1. April 19, 1925 The Omaha Daily News Omaha, NE

Article from The Omaha Daily News, April 19, 1925

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Article Text

FORMER CASHIER OF RALSTON BANK FURNISHES BOND Complaint Filed Against ExOfficial After Auditor Scans Records. ACCUSED REMAINS SILENT Ted J. Shanahan, former cashier of Citizen's State bank of Ralston, Saturday furnished bond of $1,000 on each of three specific charges of forgeries of bank with. drawal receipts on his brother, M. P. Shanahan of Omaha. The three receipts totaled $3,200 The complaint against Shanahan was filed by George R. Buckner, auditor of the.state guarantee fund commission, which took over the bank last July, when alleged discrepancies were found in the bank's funds Mr. Shanaban's bond, totaling $3,000. was signed by Mrs. Bell Hatch, milliner, 2419 South Eighteenth street, and Mrs. Bertha Liv. ingston, both friends of the Shanahan Appears Before Judge Shanahan appeared before Judge Bryce Crawford in county court and made bond when he learned a war rant for his arrest had been issued. The former bank cashier declined to comment on the matter other than to say that he had lost his personal fortune of $40,000 in an effort to prevent an impending crash of the Citizens' State bank. "Shanahan hasn't profited personally by discrepancy in the bank's funds," saaid Attorney C: F. Con nolly, whom Shanahaan authorized to make statement for him.