First State Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: Superior, Nebraska (40.021, -98.070)

Metadata

Model: gpt-5-mini
Short Digest: fef9d252

Response Measures

None

Description

Article (Omaha Daily Bee, 1916-10-13) refers to a past failure of the First State Savings Bank at Superior that drew $54,000 from the Nebraska guaranty fund and paid depositors. No run is described in the excerpt; the bank had failed and a receiver reimbursed depositors via the guaranty fund. Date of the original failure is not given in the clipping ('several years ago'), so event date is unknown.

Events (1)

1. * Receivership

Newspaper Excerpt: In the case of the First State Savings bank at Superior $54,000 was withdrawn out of the fund several years ago and paid to its depositors. The assets of the bank are expected to yield enough practically to reimburse the guaranty fund.
Source: newspapers

Newspaper Articles (1)

1. October 13, 1916 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, October 13, 1916

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Article Text

MILLION REMAINS IN GUARANTY FUND Sight Drafts on State Banks Sent Out to Reimburse Depositors in Decatur Institution. JUDGE MUNGER IS ILL (From a Staff Correspondent.) Lincoln, Oct. 12.-(Special.)-Sight drafts on 840 state banks for the amount due from each one as its proportion of the state guaranty fund to pay depositors in the failed Farmers' State bank of Decatur are being mailed today from the office of the state banking board to D. D. Whitcomb, the receiver for the defunct institution. The total sum drawn out \of the fund for payment to depositors is $79,051.81. The largest amount contributed by any one bank is 0674.44, that being the share of the First Savings bank of Lincoln. The smallest draft is on the First Savings bank of Aurora for $4.46. Over Million Left. After this money is withdrawn from the guaranty fund there will still be left a little more than $1,100,000. The Decatur failure is the second one since the guaranty fund was established. In the case of the First State Savings bank at Superior $54,000 was withdrawn out of the fund several years ago and paid to its depositors. The assets of the bank are expected to yield enough practically to reimburse the guaranty fund. Judge Munger Ill. Judge T. C. Munger of this city is suffering from a carbuncle and will be unable to preside at the rate hearing in Omaha next week when the federal court hears the squabble between the railroads and shippers on class rate order No. 19. Judge Munger has been confined to his home for a week. Law Still in Effect. Secretary Thorne Browne is considerably mystified to unearth the purported repeal of a state law when the legislature has not been in session for over eighteen months. An elevator man sent in a notice which he had received sent out by the Burlington station agent at Marquette, that the Nebraska law in regard to the distribution of grain cars had been repealed. Secretary Browne wants it understood the law is in effect, notwithstanding the notice. from the agent. Ward Under Arrest. Penitentiary officials have been notified that Erett G. Ward, who ascaped from the Nebraska penitentiary on July 7, has been arrested at Houston, Tex., and Warden Fenton has left to bring him back. Ward made his escape while a ball game was in progress at the penitentiary. He was sent up from Dodge county to serve one to seven years for forgery.