13525. Security State Bank (Ravenna, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 27, 1933
Location
Ravenna, Nebraska (41.026, -98.913)

Metadata

Model
gpt-5-mini
Short Digest
455189a8

Response Measures

None

Description

No articles mention a depositor run. The bank is described as failed and in receivership by Oct 1933; building sold by receiver and a 10% dividend paid in Jan 1934 (making 70% repaid). This indicates the bank suspended and remained closed (in receivership). Cause of failure not specified in the articles; treated as bank-specific insolvency.

Events (3)

1. October 27, 1933 Receivership
Newspaper Excerpt
from the receivership division of the state of Nebraska ... Bank Receiver McGrew relinquishes the first of next year (article dated 1933-10-27).
Source
newspapers
2. October 27, 1933 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was in receivership (failed) and taken into receivership by state authorities; articles do not specify precipitating cause.
Newspaper Excerpt
Gilmore Love purchased the Security State bank building last week from the receivership division of the state of Nebraska ... he does not have possession until Bank Receiver McGrew relinquishes the first of next year
Source
newspapers
3. January 18, 1934 Other
Newspaper Excerpt
FAILED RAVENNA BANK TO PAY 10 PCT. DIVIDEND ... another 10 per cent dividend of $6,881.21 by the failed Security State bank of Ravenna. This will make 70 per cent of the deposits repaid.
Source
newspapers

Newspaper Articles (2)

Article from The Kearney Daily News, October 27, 1933

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Article Text

Gilmore Love purchased the Security State bank building last week from the receivership divisof the state of Nebraska A1though he does not have possession until Bank Receiver McGrew linquishes the first of next year, intends for funeral home instead present room beneath the Masonic Ravenna football fans and other friends thoroughly enjoyed reading Hubert splendid in the Nebraska game great favorite, locally when he Ravenna and played the high team and pleasant that still making good larger field Pheasant hunters swarmed Ravenna Saturday night and Sunday eager for the of pick the hunting fields. Local oil tions commenced receive calls early morning from the hunters. Some fortunately locat got their quota birds and their way home by ten o'clock the morning. Reports of guns were heard from all directions but the wily birds keep under cover Melvia Hochreiter called Giltner last week serious illness her aged moth At last reports she entirely out of danger. Miss Nellie Clark Grand Island visitor Friday of lastweek. The Junior Epworth Leaguers held party Friday evening last week, the entertainment along Hallowe'en lines, with ghosts and Mr. and Mrs. Calhoun the parents of son, born Sunday, Oct. Amil Hlava was Grand Island shopper Friday of last week. Mrs. W. Thomas party of young folks last Friday Tuttle started for Chicago Tuesday morning of this week He making the by auto and companied his wife home. She has been visiting relatives and around Chicago well as attendthe Century of Progress. Several young people from the University of Nebraska came home last Friday evening to spend the with their parents. Among them Miss Janet Dickensen, Charles Bursik. Erwin Feldmeyer and Jack The Missionary circle of the Methodist church Ravenna luncheon Tuesday of this week raise funds. given the church annex and among the hostesses were Mrs. Love, Mrs. Hillebrand and Mrs. Greenslit. Frank Swanda went North Platte the latter part of last week delegate the firemen's vention being held in that town, representing the Ravenna firemen He remained day longer for fishing and brought home splendid Dr. Mrs. Sundstrum and son from visited Sundstrum's aged mother last week. Besides Mrs. George Newberg they also visited other relatives and friends. Mrs. Moler and daughter, Ruth. drove Beaver Crossing visit few days with relatives last Sunday They accompanied their guest, cousin Mrs. Moler's who visiting them. Mrs. Kent and baby daughter returned home from the St. have Francis hospital Grand Island cooked food sale held by the Woman's the last Saturthe meat day Mrs Pulius Knotek and son turned Sunday from relatives in Council Bluffs, Mrs. Randall enjoving extended visit of mother, Mrs. Wright, of Neligh. She will probably remain for the winRavenna Miss Louise who has been employed the Swanda Beauty has to Grand Island parlor, gone where she will given instructions in beauty treatment.


Article from The Omaha Morning Bee-News, January 18, 1934

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Article Text

FAILED RAVENNA BANK TO PAY 10 PCT. DIVIDEND KEARNEY, Jan. District Judge B. 0. Hostetler has authorired another 10 per cent dividend of $6,881,21 by the failed Security State bank of Ravenna. This will make 70 per cent of the deposits repaid.