Vesta State Bank - Vesta, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1929
Location: Vesta, Nebraska (40.356, -96.338)

Metadata

Model: gpt-5-mini
Short Digest: 990e5df8

Response Measures

None

Description

Article (The Lincoln Star, 1929-01-20) states the Vesta State Bank is failed and under charge of F. M. Burmood; court expected to authorize a receiver. No run or depositor run mentioned. Classified as suspension leading to closure/receivership (suspension_closure).

Events (2)

1. January 20, 1929 Receivership

Newspaper Excerpt: it is expected that the court will authorize Mr Dempster to become receiver of this bank also. (appointment of receiver expected).
Source: newspapers

2. January 20, 1929 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as failed/insolvent and in charge of an administrator; failure appears due to bank-specific insolvency or adverse condition.
Newspaper Excerpt: Mr Burmood is also in charge of the failed Vesta State bank at Vesta.
Source: newspapers

Newspaper Articles (1)

1. January 20, 1929 The Lincoln Star Lincoln, NE

Article from The Lincoln Star, January 20, 1929

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Article Text

NAMES DEMPSTER BANK RECEIVER Special to The Star.) J. B. Raper of the District court has appointed E. J. Dempster vice chairman of state guaranty commission. as receiver for the failed Farmers' and Merchants' bank at Sterling The bank has been in the hand of the for number of months F. M Burmood in charge Mr Burmood is also in charge of the failed Vesta State bank at Vesta. and it is expected that the court will authorize Mr Dempster to become receiver of this bank also. DEATH AT TECUMSEH. (Special to The Star funeral of Samuel F. Hays who died at his home in Tecumseh Thursday night. will be held at the Methodist church. Tuesday afternoon at 2:00 o'clock Dr. McCaskell pastor of the Methodist church at Beatrice will be in charge Mr Hays had lived in Nebraska for many years. For a dozen years he was janitor at Wesleyan university University Place He is survived by his wife and seven children. His age was seventy-five years. TECUMSEH FUNERAL Special to The Star TECUMSEH Neb Jan 19 The funeral of Sidney Ragain will be held at the home in Tecumseh Sunday afternoon at 30 o'clock conducted by Rev L. W McMillin. rector of Grace Episcopal church. interment in the Tecumseh cemetery. Mr. Ragain died Wednesday at the age of fifty years He is survived by his wife and number children. He had barber shop in Tecumseh for a number of NEW NATIONAL BANK. (Special to he Star.) WAKEFIELD Neb. Jan. 19-A new national bank will open in Wakefield about February according to plans. Five local citizens and several Sioux City men will be stockholders Capital of the new bank will be $25,000 and surplus $25,000. CALL NEW PASTOR. (Special The Star. TECUMSEH. Neb. Jan. congregation of the Tecumseh Baptist church has extended call to the pastorate to Rev. Floyd Johnston of Glenvil. Neb. It is expected ne will accept.