13567. Scribner State Bank (Scribner, NE)

Bank Information

Episode Type
Run → Suspension → Unsure
Bank Type
state
Start Date
January 13, 1928
Location
Scribner, Nebraska (41.667, -96.666)

Metadata

Model
gpt-5-mini
Short Digest
21dfc802

Response Measures

Full suspension, Books examined

Other: Directors turned the bank over to the State Banking Commission; state examiner placed in temporary charge.

Description

Newspaper articles (mid-Jan 1928) report rumors triggered heavy withdrawals (a run) Friday and Saturday; the bank's directors voted to turn the institution over to the state banking commission and the commission took charge (state takeover). It is not clear from the provided articles whether the bank was permanently closed or later reopened; Lyman Sorensen, state bank examiner, was placed in temporary charge.

Events (3)
1. January 13, 1928 Run
Cause
Rumor Or Misinformation
Cause Details
Newspaper states 'rumors concerning the bank's standing' caused heavy withdrawals on the preceding Friday and Saturday.
Measures
Directors voted to turn the institution over to the state banking commission; banking department to manage affairs.
Newspaper Excerpt
Rumors concerning the bank's standing had caused heavy run Friday and Saturday
Source
newspapers
2. January 14, 1928 Run
Cause
Rumor Or Misinformation
Cause Details
Same run continued into Saturday per reports.
Measures
Directors voted to turn the institution over to the state banking commission; banking department to manage affairs.
Newspaper Excerpt
Rumors concerning the bank's standing had caused heavy run Friday and Saturday
Source
newspapers
3. January 16, 1928 Suspension
Cause
Government Action
Cause Details
Directors turned the bank over to the state banking commission after heavy runs; state commission assumed control and placed a state bank examiner (temporary charge).
Newspaper Excerpt
The Scribner State bank was taken this morning by the State Banking [Commission]; the banking department will send man manage bank ... while the affairs are being cleared up.
Source
newspapers

Newspaper Articles (4)
1. January 16, 1928 Fremont Tribune Fremont, NE
Article from Fremont Tribune, January 16, 1928

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Article Text

STUDENTS DENY LIQUOR CHARGE MADE Sorenag- sen, state for this district. ents were to face each other before The bank will be operated by the jury of high school principals here today for on rumor in circulation last Fricharges drinking. day that the institution was poor Seventy boys and started run which condents Medill high tinued during that day and on Satdefend themselves againt the dry At the close of business urday. agents' charges that they Saturday the decided holding drunken party at turn to the state, and noticlub early Sunday morning fied the department when the night club raided. that opened business this Student leaders said they arrived under the direction of the at the club after raid, going banking there from the high school senior The Scribner State bank is one of prom. They insisted the party the oldest banks in its section and properly school known for years as the many ficials, and said that for most Barker bank and for many the students. was the first visit under the of the night club. George Bowlus. Fred Volpp

2. January 16, 1928 Fremont Tribune Fremont, NE
Article from Fremont Tribune, January 16, 1928

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Article Text

SCRIBNER BANK IS TAKEN OVER Scribner State Run The Scribner State bank was takthis morning by the State over and temBanking purchased Mr. Bowlus interest some 20 years ago and was in charge of until last June when he to The deflation period following the war found the with lot of land paper and stocks that could not be upon but the and hoped management weather the storm. When the bank closed had deposits of more The banking department will send man manage bank for will be going institution while the affairs are being cleared up.

3. January 17, 1928 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, January 17, 1928

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Article Text

CRETE FOLKS IN PLAY. CRETE. Neb., Jan. play entitled "Miss and the Mikado" be presented Sokol hall Tuesday night, with the following the cast Dymacek, Mrs. Helen Kupka, Joseph Kuncl, Frank Crha, Vae Prochazka, John Mekota, August Pospisil, Steve Skolil, Lillian sel, Fanny Borecky, Norma NoAnna Zajicek, Helen Maca, Lillian Shebl, Helen Vilma Brauer and Frances Stehlik. SCRIBNER BANK TAKEN SCRIBNER, Neb., Jan. The Scribner State bank, one oldest in this section. was taken over the state banking commission Monday. Rumors concerning the bank's standing had caused heavy run Friday and Saturday, and its directors voted to turn the

4. January 19, 1928 The Shelton Clipper Shelton, NE
Article from The Shelton Clipper, January 19, 1928

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Article Text

Receiver Appointed For Snyder Bank The Snyder state bank of Snyder which has been operated by the guaranty fund commission since March 20, 1925, has been placed in the hands of a receiver and depositors will receive an additional 20 per cent. During the operation of this bank by the guaranty fund commission the depositors have received 48 percent. Secretary Peterson of the guaranty fund commission states that the bank had deposits amounting to $314,000 when it was turned over to the commission. The deposits now amount to $165,000. The commission has sold the bank building and fixtures to the Farmers and Merchants bank of Snyder. For the bank building and fixtures the commission received $4,500, also $765 for the conservation fund and $15,685 for notes of the face value of $15,000. Depositors will now be paid $33,500 which is an additional 20 percent of their deposits. There are remaining in the hands of the commission assets of the value of $70,000. The ultimate loss the guaranty fund is estimated at $65,000.-State Journal The Scribner State bank, one of the oldest in that section, was taken over by the state banking commission Monday. Rumors concerning the bank's standing had caused a heavy run Friday and Saturday, and its directors voted to turn the institution over to the state. Lyman Sorensen, state bank examiner is in temporary charge.