St Libory State Bank - St Libory, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 2, 1929
Location: St Libory, Nebraska (41.082, -98.355)

Metadata

Model: gpt-5-mini
Short Digest: 408f8da8

Response Measures

None

Description

Article (1929-08-02) describes embezzlement from the St. Libory State Bank and refers to the 'Libory bank failure.' No article text describes a depositor run; failure appears driven by embezzlement (bank-specific adverse information). The piece does not explicitly state appointment of a receiver, but it clearly treats the bank as failed/closed, so I classify this as a suspension leading to closure. Dates for specific actions are not given in the excerpt.

Events (2)

1. August 2, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Embezzlement by Edward Buhrman implicated in connection with the bank's failure; criminal confession and forgery charges discussed.
Newspaper Excerpt: embezzling from the St. Libory State bank ... Libory bank failure
Source: newspapers

2. * Receivership

Newspaper Excerpt: Libory bank failure.
Source: newspapers

Newspaper Articles (1)

1. August 2, 1929 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, August 2, 1929

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Article Text

Edward Buhrman, Who Admits Embezzling Implicates Campbell in Confession. ST. PAUL, bank confessed that embezzled from the St. Libory State bank, has made second torney Spikes which Smith former Grand land real operator inof getting the bank's county officials announced Campbell, to the alleged second confession, blackmailed Buhrman because an afwith Grand Island woman officials revealed. Buhrlonely road, Campbell drove found Questioned regarding the disposition of the other said he had given $5,000 to Omaha posing friend of Campbell. said, bearing letter purporting have been signed by Mayor DahlOmaha, appeared his office in Libory months promised double it for stock thought it of the plot and gave to Buhrman never heard the man again. His last name John- Buhrman's story almost by officials and depositors bank. One opinion that gave the money another using Campbell shield that Campbell denied that he had blackmailed was rested, charge forging notes the Libory bank failure. He held in here until he furnishes bond, having pleaded not guilty in county court County Spikes said he will further before deciding whether file second charge against Campbell. The next term of court Oct. 28. jury