Elkhorn Valley State Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: November 1, 1929
Location: Stanton, Nebraska (41.950, -97.224)

Metadata

Model: gpt-5-mini
Short Digest: 0907ad41

Response Measures

Full suspension

Other: Closed by officers after run; no receivership mentioned.

Description

Article (Hastings Daily Tribune, 1929-11-01) states a run preceded the bank being closed by its officers. No receiver or reopening mentioned; therefore treated as permanent closure following a run. No specific cause of the run given in the text.

Events (2)

1. November 1, 1929 Run

Cause Details: Article only reports that a run preceded the closing; no trigger or rumor specified.
Measures: Bank was closed by its officers following the run.
Newspaper Excerpt: It was reported that run preceded the closing of the institution.
Source: newspapers

2. November 1, 1929 Suspension

Cause Details: Closure by officers following a preceding run; article does not state government receivership or voluntary liquidation explicitly.
Newspaper Excerpt: The Elkhorn Valley State Bank of Stanton was closed today by its officers, George W. Woods, state bank commissioner, reported today.
Source: newspapers

Newspaper Articles (1)

1. November 1, 1929 The Hastings Daily Tribune Hastings, NE

Article from The Hastings Daily Tribune, November 1, 1929

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Article Text

RUN CLOSES BANK LINCOLN, Neb., Nov. 1-(U.P)The Elkhorn Valley State Bank of Stanton was closed today by its officers, George W. Woods, state bank commissioner, reported today. It was reported that run preceded the closing of the institution. The bank had a capital stock of $50,000; surplus of $3,000 and deposits totaled $270,000.