Citizens State Bank - Ralston, NE

Bank Information

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

Metadata

Model: gpt-5-mini
Short Digest: 62ce2873

Response Measures

None

Description

The article (Omaha Bee, 1927-05-08) refers to claims arising from the failure of the Farmers State Bank of Dix and court decisions about guaranty fund payouts. No run is mentioned; the bank had failed and been placed in receivership prior to these litigation decisions, so this is a suspension/closure (failure) event.

Events (2)

1. * Receivership

Newspaper Excerpt: claims resulting from failure the Farmers State bank of Dix ... lower court decisions in favor of the guaranty fund which were affirmed by the supreme court involved the following claims: ... These claims were allowed as general claims. but are not to be paid out of the guaranty fund.
Source: newspapers

2. * Suspension

Cause Details: Bank failure leading to claims against the guaranty fund; article discusses post-failure court decisions about depositor claims
Newspaper Excerpt: seven of which involved claims resulting from failure the Farmers State bank of Dix
Source: newspapers

Newspaper Articles (1)

1. May 8, 1927 The Omaha Morning Bee, The Omaha Daily News Omaha, NE

Article from The Omaha Morning Bee, The Omaha Daily News, May 8, 1927

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Article Text

Depositors Win 1 in Ralston Case Guaranty Fund Relieved of $44,000 Claims in Other Decisions. Lincoln. May The state guaranty fund will be required to pay approximately $48.000 and will relieved from paying approximately $44,000 in claims resulting from bank fallures, opinions handed down Saturday by the state supreme court. The suit involving the largest claim which was lost by the guaranty fund was one resulting from the failure of the Citizens State bank of Ralston. depositor sought to recover $21 144.91 on deposit. The claim opposed by the bank receiver on the ground that more than the legal rate of interest had been paid on the deposits. The district court of Douglas county ordered the claim paid out of the guaranty fund. The supreme court affirmed this decision. Judgments of lower courts were affirmed without opinions in eight other cases, seven of which involved claims resulting from failure the Farmers State bank of Dix Lower court decisions in favor of the guaranty fund which were affirmed by the supreme court involved the following claims: T. Stroud, $5,199.31 Jackson brothers, $10,373: Bekins Van and Storage company. $2,079: State Bank of Omaha, These claims were allowed as general claims. but are not to be paid out of the guaranty fund. claim of Olive Roberts for $7,230 allowed against the guaranty fund, another for $2,584 disallowed. The claim of George A. Roberts for $9,868 was disallowed. while another for $3,084 was allowed.