13564. Platte Valley State Bank (Scottsbluff, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 6, 1933
Location
Scottsbluff, Nebraska (41.867, -103.667)

Metadata

Model
gpt-5-mini
Short Digest
82ee286e

Response Measures

None

Description

The bank was taken into the custody of the Nebraska Dept. of Trade and Commerce and closed in early April 1933; subsequent receiver actions (suit against stockholders, claims filing deadline, embezzlement charges) indicate it remained a failed/closed institution and entered receivership rather than reopening.

Events (4)

1. April 6, 1933 Suspension
Cause
Government Action
Cause Details
State banking department (Dept. of Trade and Commerce) placed the bank in its hands and suspended business; taken over by state examiners after reopening on restricted basis following the national banking holiday.
Newspaper Excerpt
This bank has been placed in the hands of the department of trade and commerce and business has been suspended. A sign was placed on the door Tuesday and the bank closed.
Source
newspapers
2. June 22, 1933 Receivership
Newspaper Excerpt
State Bank Receiver E. H. Luikart Wednesday started suit against the stockholders of closed Platte Valley bank this city, requesting that the former officials ... required to pay the full amount of their liability. (Scottsbluff Republican, 1933-06-22).
Source
newspapers
3. July 15, 1933 Other
Newspaper Excerpt
July 15 is Final Date For Filing Claims for State Bank Deposits... Receiver Charles Brown has announced that all depositors should file their claims (Scottsbluff Republican, 1933-06-22).
Source
newspapers
4. July 25, 1933 Other
Newspaper Excerpt
Scottsbluff banker held as embezzler... Charges of embezzlement were filed here late yesterday against Thomas Green, vice president of the failed Platte Valley State Bank of Scottsbluff (The Columbus Telegram, 1933-07-25).
Source
newspapers

Newspaper Articles (8)

Article from Scottsbluff Republican, April 6, 1933

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Article Text

BUSINESS SUSPENDED; CLOSED DEPOSITORS ASK THAT BANK BE PLACED UNDER COMMERCE AND TRADE DEPARTMENT The Platte Valley State bank city has been over to the department of trade and commerce, requested by some of the depositors the institution and, in the future the bank's affairs be conducted under the management of that organ. sign was placed on the door Tuesday and the bank closed. The sign placed on the door, ed Jorgenson, state bank examiner, read: "This bank has been placed in the hands of the department of trade and commerce and business has been pended. It has been announced that posits placed the bank since the banking holiday will be handled trust funds, and believed such deposits will be after the examiners in charge have made complete audit of the bank's accounts. Mr. Jorgenson stated this week that he had received definite structions regarding the action to be taken in regard to deposits of this ture. Mr. Jorgenson Is being assisted the work auditing the accounts the closed bank by Carter, also representative the department of trade commerce. The institution, according to recent published notice, had deposits in the amount of $238,-


Article from Scottsbluff Republican, June 22, 1933

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Article Text

LUIKART BRINGS AGAINST STOCKHOLDOF CLOSED BANK ASKS THAT FORMER OFFICIALS BE REQUIRED TO PAY FULL LIABILITY State Bank Receiver E. H. Luikart Wednesday started suit against the stockholders of closed Platte Valley bank this city, requesting that the former officials the institution required to pay the full amount their Three the holders, Carr, H. Neff and H. Davison, made pay, and were not named in the Luikart, bringing his case into district court Gering, charged the stockholders with having made transshares of stock for the pose of evading collection of the constitutional double liability. further alleged that transfers made when they knew the institution was insolvent. The petition points out that after the stockholders had pleted their transfers Robert guson of Lincoln was left the princiThe petition courts make accounting of the shares capital stock, to fix amount for which stockholder to require each to pay at date soon, or render collect from them. The liabilities of the bank are said to total while the ital stock has been divided 600 shares of $100 each. The following officials were named defendants the case: Green, Green trustee of the Platte Valley Investment company; Robert Ferguson, Robert Fer guson trustee; Ferguson comWilliam Ferguson; Richard Ferguson; Mae Everett; Mae Everett as executrix of the estate [Continued on page


Article from Scottsbluff Republican, June 22, 1933

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Article Text

July 15 is Final Date For Filing Claims for State Bank Deposits As July 15 has been set for the final date upon which claims may be filed for deposits in the defunct Platte Valley State bank here, Receiver Charles Brown has announced that all depositors should file their claims as quickly as possible in order that they may be promptly attended to. Failure upon the part of the depositors to file their claims before the final day may result in some claims being disallowed, Mr. Brown states.


Article from The Western Nebraska Observer, July 6, 1933

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Article Text

E. H. Luikart, bank receiver, has brought suit against the stockholders of the defunct Platte Valley State bank at Scottsbluff for $100 per share. There are 600 shares


Article from The Columbus Telegram, July 25, 1933

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Article Text

SCOTTSBLUFF BANKER HELD AS EMBEZZLER Gering, July 25 (LP)-Charges of embezzlement were filed here late yesterday against Thomas Green, vice of the failed Platte Valley State bank of Scottsbluff by County Attorney Clarke, The charges included three counts involving $1,469. Individual amounts in the case are $172, $396 and $901. The defunct institution was taken over by the state banking department about three weeks after had been opened on restricted basis after the national banking holiday in March. The bank to date has paid five per cent dividend, Clarke said.


Article from The Alliance News, July 27, 1933

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Article Text

Scottsbluff Bank President Faces Embezzling Charge Charges of embezziement, earrying three counts and involving were filed in the Scottsbluff county court Monday afternoon against Thomas L. Green, vice president the defunct Platte Valley State bank of Scottsbluff. The charges were by County Attorney Clarke. charges that Green anlawfully and feloniously embezzle and misapply" the banks funds, Individual amounts are $172, $396 and The bank opened restricted ba sis after the national in March, and about three weeks afterward was taken over the state banking department. Authorities said the bank to date has dividend.


Article from The Western Nebraska Observer, August 3, 1933

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Article Text

filed by Clarke, county attorney, in Scotts Bluff county court Monday against Thomas L. Green, official of the failed Platte Valley State bank at Scottsbluff. The amounts mentioned in the counts are respectively $172, $396 and $901. Scottsbluff drug stores will open o'clock in the morning and close at 10 o'clock in the evening on the first five days of the week; Saturdays they will open 8:00 and close at 11:00, and on Sundays they will and close at applications for beer licenses were granted by the Scottsbluff city council this week, effective August 10. Four were wholesale licenses, eleven for sale on premises, and the balance either off sale both. Most of the cafes, several of the drug stores and the hotels were given licenses. Bridge, science instructor and athletics coach at. Mitchell, who recently installed an amateur's short wave radio station, has been in communication with Myron Anderson, superintendent, Lincoln regarding school affairs. Mr. Bridge contacted Mr. Anderson through fellow amateur station operator at Lincoln. Word has been received by Congressman Terry Carpenter from Dr Elwood Mead, commissioner of the bureau reclamation, that the bureau has no funds available this year for the building of north side power line from Guernsey to Scottsbluff, nor will the extension from Gering eastward be constructed this year. strange disease afflicts man the general hospital in Philadelphia, Pa. He has been in there about three years, was over six feet tall when he entered and now is only two feet four inches. nurse, Miss Margaret Richert, chief dietician in the hospital, who is visiting in Nebraska City, reported the strange case. The annual Oregon Trail Days cele. bration held at Gering on Thursday and Friday of last week was largely attended by persons from over western Nebraska and Eastern Wyoming. It has been estimated that 40,000 people were in attendance during the celebration with some 25,000 people witnessing the parade Friday morning. George Busler, 14, son of Henry Busler of Lingle, lost his life drowning recently in created pool by waste water from the Lingle power plant. He went into the play and stepped into hcle. boy companion secured help but by the time the lad was removed from the pool he was dead. He could not swim. Carbon Mountain near Durango, Colo., which has been making front page news for several months by moving around, blocking rivers, etc. now begins daylight smoking, sending up clouds of brown smoke and rolling huge boulders down into ravines. Scientists studying it at close range declare spontaneous combustion of huge coal deposits are the cause.


Article from Star-Herald, September 20, 1933

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Article Text

BAUMGARTNER TO MOVE STORE LARGER LOCATION Buys Building from Bank Do Remodeling. transaction completed Monthe two-story business building occupied the ground floor by the Music company the of the Platte Valley State bank by Casper announces that the Scottsbluff Variety store, which he owns, will be moved location within the next month This deal has been under consideration several weeks but was officially closed until Monday cause circumstances which developed connection with the liquidafailed bank. $20,000 was involved, was ported. Mr. expects to spend approximately in before moving his store. The first floor will be entirely remodeled. new front will be constructed. the terior will redecorated and rearranged and new fixtures will stalled throughout. This work will begin immediately. Mr. Baumgartner has been cessful business man here for ber years. The change location permit the expansion business, provide larger quarters desirable place in the business area. Buy