Security National Bank - Randolph, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 7477
Charter Number: 7477
Start Date: March 1, 1933*
Location: Randolph, Nebraska (42.379, -97.357)

Metadata

Model: gpt-5-mini
Short Digest: 310273bf

Response Measures

None

Receivership Details

Depositor recovery rate: 84.5%
Date receivership started: 1934-02-13
Date receivership terminated: 1938-05-04
Share of assets assessed as good: 48.9%
Share of assets assessed as doubtful: 35.6%
Share of assets assessed as worthless: 15.4%

Description

Article (Osmond Republican, 1933-03-22) reports the Security National Bank of Randolph is operating under a federal conservator after the banking holiday and has been opened under temporary limitations. This indicates a suspension (banking holiday/government action) followed by reopening under conservatorship. No run or depositor panic is mentioned.

Events (5)

1. November 16, 1904 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed as part of the March 1933 banking holiday and placed under a federal conservator by the Comptroller of the Currency; operating under temporary limitations thereafter.
Newspaper Excerpt: has been opened since the banking holiday under the conservator plan operating under temporary limitations.
Source: newspapers

3. March 22, 1933 Other

Newspaper Excerpt: Viergutz, cashier ... has been appointed ... to act as federal conservator of the Security National bank Randolph, Nebr.
Source: newspapers

4. March 22, 1933 Reopening

Newspaper Excerpt: Viergutz ... has been appointed by Comptroller to act as federal conservator ... the Security National bank Randolph, Nebr., which has been opened since the banking holiday under the conservator plan operating under temporary limitations. Mr. Viergutz went to Randolph to duties. Saturday
Source: newspapers

5. February 13, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. March 22, 1933 Osmond Republican Osmond, NE

Article from Osmond Republican, March 22, 1933

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Article Text

RANDOLPH BANK UNDER CONSERVATOR Viergutz, cashier the mercial National bank of Columbus for has been appointed many years, the of the by Comptroller to act as federal conservator rency of the Security National bank Randolph, Nebr., which has been opened since the banking holiday under the conservator plan operating under temporary limitations. Mr. Viergutz went to Randolph to duties. Saturday