Citizens State Bank - Ravenna, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 9, 1931
Location: Ravenna, Nebraska (41.026, -98.913)

Metadata

Model: gpt-5-mini
Short Digest: 652ea025

Response Measures

None

Description

Article (The Ravenna News, 1931-10-09) describes the Citizens State Bank as a defunct bank with an assistant receiver calling certificates and paying a third dividend to depositors. No run is mentioned; the bank is in receivership and effectively closed.

Events (1)

1. October 9, 1931 Receivership

Newspaper Excerpt: Assistant Receiver Frank M McGrew, of the Citizens State Bank, has called to Lincoln the third dividend to depositors of the defunct bank.
Source: newspapers

Newspaper Articles (1)

1. October 9, 1931 The Ravenna News Ravenna, NE

Article from The Ravenna News, October 9, 1931

Click image to open full size in new tab

Article Text

Citizens Bank is Paying Dividends; Total Now Assistant Receiver Frank M McGrew, of the Citizens State Bank, has that Certificates of called to Lincoln the third dividend to depositors of the defunct bank. The dividend for ten percent, and brings the dividends far to forty percent. McGrew there will be more says The ten percent dividend will the equivalent nearly $40,000 handed in cash to this community time when it is badly needed. All depositors in the bank were notified by the Division of the Department of Trade and Commerce send in their certificates, Tuesday.