Bank of Rushville - Rushville, NE

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: December 13, 1893
Location: Rushville, Nebraska (42.718, -102.464)

Metadata

Model: gpt-5-mini
Short Digest: a2194b32

Response Measures

Full suspension

Other: Closed by State Banking Board after run triggered by suit against former manager.

Description

Contemporary reports state the Bank of Rushville was closed by the State Banking Board on Dec 13, 1893 after a run sparked by a $30,000 suit involving the former manager. The closure is described as a failure (permanent).

Events (2)

1. December 13, 1893 Run

Cause: Bank Specific Adverse Info
Cause Details: A $30,000 lawsuit brought against the former manager triggered depositor panic and heavy withdrawals.
Newspaper Excerpt: The failure is the result of a run on the bank caused by the bringing of a suit for $30,000, which the former manager was a defending party.
Source: newspapers

2. December 13, 1893 Suspension

Cause: Government Action
Cause Details: Closed by the State Banking Board following the run and resulting failure.
Newspaper Excerpt: The Bank of Rushville has been closed by the State Banking Board.
Source: newspapers

Newspaper Articles (2)

1. December 14, 1893 Grand Rapids Herald Grand Rapids, MI

Article from Grand Rapids Herald, December 14, 1893

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Article Text

Closed the Bank. RUSHVILLE, Neb., Dec. 13.-The bank of Rushville has been closed by the state banking board. The failure is the result of a run on the bank caused by the bringing of a suit for $30,000, which the former manager was a defending party.

2. December 14, 1893 The Sun New York, NY

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Article Text

Western Bank Troubles. RUSHVILLE. Neb., Dec. 13-The Bank of Rushville has been closed by the State Banking Board. The failure is the result of a run on the bank by the bringing of a suit for $30.000, to which the former manager was a defending party. HAY SPRINGS, Neb., Dec. 13.-The Bank of Hay Springs was closed yesterday by order of the State Bank Examiner. No reasons are a-signed. LARNED, Kan.. Dec. 13.-The cases of the State against the Larned State and Pawnee County banks of this city, which failed on July 1 last. came up in the District Court yesterday and were continued on agreement between the officers of the banks and the depositors to pay 50 cents on the dollar.