Silver Creek State Bank - Silver Creek, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 16, 1927
Location: Silver Creek, Nebraska (41.309, -97.658)

Metadata

Model: gpt-5-mini
Short Digest: 8c40fff5

Response Measures

None

Description

Articles describe a failed Silver Creek State Bank whose depositors have been awaiting payment since 1924. No contemporaneous run is described. A district judge's order (dated December 16, 1927) directs the state Depositor's Guaranty Fund to pay claims to the bank receiver, indicating the bank remained closed and in receivership. Suspension likely occurred earlier (by 1924) but exact suspension date not provided in these clippings.

Events (2)

1. December 16, 1927 Receivership

Newspaper Excerpt: Under date of December 16, 1927, the Hon. Louis Lightner, district judge ... signed an order determining deficiency ... that said amount shall [be] drawn from the Depositor's Guaranty Fund ... for the purpose that upon receipt of amount shall pay said claims heretofore [allowed] by this court; ... turned the receiver this bank for the of paying claims; purpose that upon receipt of amount shall pay said claims heretofore by this court; that the clerk of this court forthwith ... certified copy of this [order].
Source: newspapers

2. * Suspension

Cause Details: Bank failure/closure prior to 1924 referenced; specific trigger not stated in articles
Newspaper Excerpt: depositors of the Silver Creek State Bank will be paid January 1... depositors who since 1924 have waited for their money
Source: newspapers

Newspaper Articles (2)

1. October 28, 1927 Silver Creek Sand Silver Creek, NE

Article from Silver Creek Sand, October 28, 1927

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Article Text

PROMISE, JANUARY PAYMENT. A letter received by this office from Van E. Peterson, secretary of the Guarantee Fund Commission of the State of Nebraska, states that depositors of the Silver Creek State Bank will be paid January 1, or a few days later. A meeting of a number of the depositors was held in Silver Creek Tuesday afternoon, and the matter was discussed. at length, but no definite action taken. At present these claims are draw. ing seven per cent interest, and have been drawing this rate of interest since the claims were allowed in district court.

2. December 22, 1927 Central City Nonpareil Central City, NE

Article from Central City Nonpareil, December 22, 1927

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Article Text

DEPOSITORS WILL GET MONEY BACK Lightner Orders Guarantee Fund to Pay for Silver Creek Bank of the failed Silver Depositors Creek state bank, who since 1924 have waited for their money, may have check from the state guarantee fund in time to be included in the list of good things Christmas. Last Friday, December 16, District Judge Louis Lightner issued order authorizing the payment to the bank receiver for paying all claims allowed. is understood that actual payment entirely possible before Christmas. Quite little interest noted the case, in some measto the magnitude of the loss represented by the total of claims. Following are the judge's notes: In case entitled: State of Nebraska, rel, Spillman, Attorney General plaintiff, vs. Silver Creek State Bank, Silver Creek, Nebraska, Under date of December 16, 1927, the Hon. Louis Lightner, district judge in and for Merrick county, Nebraska, signed an order determining deficiency and causing same certified which in part: therefore, hereby ordered, judged and decreed that the amount required to be drawn from the Depositor's Fund of the State Nebraska to supply the deficiency to the claims which required pay heretofore allowed and paid Hundred Hundred Dollars and Forty Cents that said amount shall drawn from the Depositor's Guaranty Fund of the State of Nebraska the of Department Trade and Commerce turned the receiver this bank for the of paying claims; purpose that upon receipt of amount shall pay said claims heretofore by this court; that the clerk of this court forthwith mit to the secretary of the departrade and of the State Nebraska certified copy of this