Bank of Sprague - Sprague, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 28, 1932
Location: Sprague, Nebraska (40.626, -96.745)

Metadata

Model: gpt-5-mini
Short Digest: a765e4eb

Response Measures

None

Description

Article (Lincoln Journal Star, 1932-06-28) reports the Bank of Sprague as one of two 'failed Lancaster banks' and describes allotment of dividends to depositors by the court — indicating the bank had failed and was in receivership/closure. No run is described in the provided text.

Events (1)

1. June 28, 1932 Receivership

Newspaper Excerpt: Claims originally aggregated $52,411.83. This brings the total paid to $24,633.95 47 percent, and leaving a deficiency of $27,777.88. Depositors in the Bank of Sprague get $3,688.32, representing 7 percent.
Source: newspapers

Newspaper Articles (1)

1. June 28, 1932 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, June 28, 1932

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Article Text

PAYS COUNTY DEPOSITORS Denton and Sprague Bank Assets Are Alloted. Orders alloting second dividends amounting to more than $6,000 to depositors in two failed Lancaster banks were issued Monday by District Judge Shepherd. Depositors in the Denton State bank will receive 5 percent of claims, or $2,772.47. They had pre+ viously 38 percent of total claims of Monday's dividend reduces the balance of claims to $33,269.64. Claimants of the Bank of Sprague get $3,688.32, representing 7 percent. Claims originally aggregated $52,411.83. This brings the total paid to $24,633.95 47 percent, and leaving a deficiency of $27,777.88.