Bank of Rulo - Rulo, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 20, 1934
Location: Rulo, Nebraska (40.052, -95.427)

Metadata

Model: gpt-5-mini
Short Digest: ff508c90

Response Measures

None

Description

The article states the Bank of Rulo recently liquidated voluntarily, indicating a voluntary closure (liquidation). No run or suspension due to panic is described. A cooperative credit association opened to supplant the bank.

Events (1)

1. September 20, 1934 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank recently liquidated voluntarily according to the article; closure was a voluntary liquidation rather than a run or government action.
Newspaper Excerpt: Supplanting the Bank of Rulo, which recently liquidated voluntarily, cooperative credit association has been opened at Rulo.
Source: newspapers

Newspaper Articles (1)

1. September 20, 1934 Norfolk Daily News Norfolk, NE

Article from Norfolk Daily News, September 20, 1934

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Article Text

Club Formed at Allen Money of Allen, while For the Minute Men, the boys Norfolk Thursday on business, an nounced that Karl Stefan for Congress club was being organized at Allen with charter membership of at least fifty He said many other of Allen and vicinity would join club. B. H. Mitchell, Allen, is chairman of the organization. Mrs. Money accompanied Mr. Here's Money on the trip to Norfolk. Wednesday afternoon Mr. Stefan, who the Republican candidate for congress, spoke twice at Crof. ton, addressing large crowd the city square. Crofton was hold. SENSATIONAL ing big free day event. Wednesday evening the Norfolkan spoke before about 3,000 persons at the celebration at Genoa, where he guest of Genoa leaders. He scheduled to speak at the Tri-County fall festival at Stuart Thursday afternoon. Complete Selection He will attend the annual fall festival at Tilden Friday afternoon, and the evening go to the Looking Glass precinct celebration near Lindsay. On Saturday Mr. Stefan to be at the diamond jubilee celebration being held at Pierce. Cooperative Credit Popular Falls City, Neb., Sept. Supplanting the Bank of Rulo, which recently liquidated voluntarily, cooperative credit association has been opened at Rulo. On the afternoon opened the association received $3,000 from depositors. John Hall is president. Three serial stories, if purchased book form, would cost more than year's subscription to The Norfolk Daily News.