Republican Valley Bank - Riverton, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 29, 1929
Location: Riverton, Nebraska (40.089, -98.759)

Metadata

Model: gpt-5-mini
Short Digest: ff637d0d

Response Measures

None

Description

Article (Lincoln Star, 1929-10-29) reports the Republican Valley Bank of Riverton had gone into receivership and a receiver is suing stockholders for unpaid assessments. No mention of a depositor run; the bank is in receivership (closed). Exact date of suspension/receivership not provided in the article.

Events (2)

1. October 29, 1929 Other

Newspaper Excerpt: Suit ... were filed in District court Tuesday morning. The suit was brought by Van E. Peterson, receiver, against Guy O. Seaton and E. S. Rasmussen.... The suit seeks to force Seaton and Rasmussen to do like (pay).
Source: newspapers

2. * Receivership

Newspaper Excerpt: Suit to force two of the three principal stockholders of the Republican Valley bank of Riverton at the time it went into receivership... The bank's receiver has only $44.91 with which to meet claims of the bank's creditors for $59,500, the petition alleges.
Source: newspapers

Newspaper Articles (1)

1. October 29, 1929 The Lincoln Star Lincoln, NE

Article from The Lincoln Star, October 29, 1929

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Article Text

ACTION AGAINST STOCKHOLDERS OF SUSPENDED BANK Suit to force two of the three principal stockholders of the Republican Valley bank of Riverton at the time it went into receivership to pay amounts equal to their stock to the receiver were filed in District court Tuesday morning The suit was brought by Van E. Peterson. receiver. against Guy O. Seaton and E. S. Rasmussen. Seaton had $5,000 and Rasmussen $2,500 in the bank when went into rereivership. the petition claims. M C. Shepherdson. who also had $2,500 in stock, has paid an equal amount to the receiver in accordance with the state law. according to the petition. The suit seeks to force Seaton and Rasmussen to do likeThe bank's receiver has only $44.91 with which to meet claims of the bank's creditors for $59,500. the petition alleges. A court order finding the amount due from the two stockholders. order to pay. and determination of how the payments should be distributed among the creditors is asked in the petition.