13702. Security State Bank (Wakefield, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1929*
Location
Wakefield, Nebraska (42.269, -96.865)

Metadata

Model
gpt-5-mini
Short Digest
f52cc023

Response Measures

None

Description

The Security State Bank of Wakefield was taken into the custody of the Nebraska bank guaranty/guarantee fund commission and a receiver was appointed in April 1929. Articles refer to the bank as closed and in receivership; no explicit depositor run is described in the provided items. Cause is government action (guaranty fund commission/receiver). OCR errors in articles were corrected (e.g., 'guaranty fund mission' => guaranty fund commission).

Events (2)
1. April 1, 1929* Receivership
Newspaper Excerpt
Wakefield Bank Receiver Named ... placed Saturday R. Parker ... will receiver the Wakefield bank. ... Creditors will be notified to file claims so that affairs of the bank may be concluded soon as possible. (The Wayne Herald, 1929-04-11)</quote>
Source
newspapers
2. April 1, 1929* Suspension
Cause
Government Action
Cause Details
Taken into custody by the state bank guaranty/guarantee fund commission; bank was closed and placed under a receiver/commission control.
Newspaper Excerpt
The Security State Bank of Wakefield, which has been in the hands of the guaranty fund ... placed Saturday R. Parker ... will also receiver the Wakefield bank.
Source
newspapers

Newspaper Articles (8)
1. April 11, 1929 The Wayne Herald Wayne, NE
Article from The Wayne Herald, April 11, 1929

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Article Text

Wakefield Bank Receiver Named The Security State Bank of Wakefield, which has been in the hands of the guaranty fund mission for and half, placed Saturday R. Parker who is in charge Newcastle bank, will also ceiver the Wakefield bank. N. Strunk, who has been here for the guarantee commission, will main charge of assets of the stitution. Creditors will be notified to file claims so that affairs of the bank may be concluded soon as possible. Church Notes. (Rev. W. Taylor, pastor.) Services April 14: Sunday school at 10. Preaching at Subject, "Christ the Rose of Sharon." worth League Preaching Subject, "Christ, the Lily of the Valley." The Ladies' Aid meets in the church basement Thursday, April Services at Pleasant Valley at Swedish Mission Church. (Rev. John Nelson, pastor.) Sunday school at m. Morning worship at English evening service at Wednesday, choir rehearsal Friday, April 19, our sion meeting' will begin at o'clock. Rev. Widen of Wausa and Rev. Leonard Larson of Oakland, have promised to be with us and preach word to us at these meetings. Salem Lutheran Church. (Rev. Martin, Pastor.) This Thursday the Ladies' Aid society meets' Mrs. Bengtson, Mrs. Carrie Bard and Pete Oberg as hostesses. Saturday, at and the Luther girls' chorus practice at Sunday school 10 m. with bible classes for all. English services at Swedish evening services at Presbyterian Church. Sunday school Christian Endeavor members will entertain young people the Methodist Sunday evening. Luncheon will be served and social hour will follow. The regular Christian deavor devotional meeting will then be held. The annual business meeting of the congregation will be held day evening. Fellowship supper be served for families and election of officers and ports of various departments All urged be present the ing pastor will be considered. Wakefield School Notes. Eighteen will be graduated from the Wakefield high school this year. Baccalaureate sermon planned for May and mencement will held May The girls' club met Wednesday evening. The school board, special meeting Monday evening voted provide track at the municipal ball park for of the school students in track work and track meets with other schools. High school girls have organiztrack team for twenty-four Eight have signed up for track work, sixteen for volley ball for indoor Miss Reynolds will supervise the training. Those in the group Helen Swanson, Lorraine Schulz, Blossom Driskell, MarjorDavis, Ruby Rubeck, EvangelCarlson, Ruth Hinrich, Adelyn Sar, Marjorie Driskell, Gladys derson, Evangeline Frances Frances Brown, vian Schulz, Mabel Carlson, Kimbell, Catherine Mitchell, Faith Kimbell,

2. May 16, 1929 The Wakefield Republican Wakefield, NE
Article from The Wakefield Republican, May 16, 1929

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Article Text

City Treasurer Gives Yearly Report Elsewhere in this issue of The Republican will be found the annual of the city treasurer of the nancial of the of city field, being full report for the year ending April 1929. The report shows total receipts to the funds for the of year and total for the of leaving balance hand May 1929, of plus balance on hand May of or All of amount available cept which in the closed Security State Bank. The items of outstanding indebtedness interesting. The report shows the total bonded debt of the city be divided lows: Sewer, District Paving Bonds, Intersection Paving Bonds, and Electric Light Bonds amounting to It shows that bond indebtedness of has been paid off during the past year. home. Herman Jahn, John Heckens and were Thursday afternoon callers in the Geo. Kruger home. Mrs. Albert Mackling and sons were Thursday evening visitors in the Edward Schwarten home.

3. October 3, 1929 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, October 3, 1929

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Article Text

BANKER GIVEN PRISON Wakefield Man Sent to Penitentiary to Serve Ttime (Special The Journal.) Lincoln, gates here swing shut Wednesday on Charles Beebe. former president of the State bank, Wakefunct Security field. Neb., who began serving tence to 20 years on charge forgery. prominent in Wakefield, Beebe, been president of the bank prior to its being taken years by the Nebraska bank guarantee fund commission, about Tuesday entered months ago. of guilty to of two charges forgery against him. forged signature on note for $1,000 which was part of the bank proper taken by the Immediately the plea Judge Mark Ryan sentenced

4. October 31, 1929 The Lyons Mirror-Sun Lyons, NE
Article from The Lyons Mirror-Sun, October 31, 1929

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Article Text

WAKEFIELD BANK RECEIVER WINS COURT DECISION case of Security State bank of Wakefield Soren Anderson and others was decided here by Judge Ryan, partly favor of the receiver and partly favor of Anderson. He held that the dwelling house and lot occupied by Anderson and one other lot. constituted the homestead of Anderson and his wife and was not subject the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots the court decided, was subject he judgment which the bank holds against Anderson.

5. October 31, 1929 Blue Valley Journal McCool Junction, NE
Article from Blue Valley Journal, October 31, 1929

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Article Text

WAKEFIELD BANK RECEIVER WINS COURT DECISION case of Security State bank of Wakefield vs. Soren Anderson and others was decided here by Judge Ryan, partly n favor of the receiver and partly n favor of Anderson. He held that he dwelling house and lot occupied by Anderson and one other lot, constituted the homestead of Anierson and his wife and was not subject to the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots he court decided, was subject to he judgment which the bank holds gainst Anderson.

6. October 31, 1929 The Walthill Citizen Walthill, NE
Article from The Walthill Citizen, October 31, 1929

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Article Text

VAKEFIELD BANK RECEIVER WINS COURT DECISION PENDER-(Special)-The case of Security State bank of Wakefield VS Soren Anderson and others was decided here by Judge Ryan, partly in favor of the receiver and partly n favor of Anderson. He held that the dwelling house and lot occupied by Anderson and one other lot, constituted the homestead of Anderson and his wife and was not subject to the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots the court decided, was subject to the judgment which the bank holds

7. November 1, 1929 The Petersburg Index Petersburg, NE
Article from The Petersburg Index, November 1, 1929

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Article Text

VAKEFIELD BANK RECEIVER WINS COURT DECISION of Security State bank of Wakefield Soren Anderson and others was Ided here by Judge Ryan, partly favor the receiver and partly favor Anderson. He held that he dwelling house and lot occupied Anderson one other lot, constituted the homestead of Anderson his wife and not abject to the claims of the bank. The balance of the block occupied consisting of 10 lots court decided, was subject to judgment which the bank holds

8. April 20, 1930 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, April 20, 1930

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PONCA CITY PARK BEING IMPROVED BY LANDSCAPING Ponca, large crew men under direction Farrell, landscape gardener of Randolph, Neb., for several days has been preparing the new city park for planned the city council. Trees, hedge and shrubs have been planted. Farm Agent Is Chosen Chadron, In filling the office of county agricultural agent county, which has been vacant W. Biederresignation on January this year, county farm bureau employed the services Pierce, Mr. Pierce, has been work ing Keya Paha county five years, take over his duties later than July and hopes to arrange to here on Allen Bank Receiver Named Ponca, W. of this place, who had charge of the bank, Ponca, Citizens State bank and Farmers State bank deputy been put charge the Allen State bank, Allen, the Security State bank, Wakefield. deputy for the last banks, by the department trade and Fish Nursery Installed Oakdale, Johnson of Oakdale, this put nursery pond on their their Fish from the fish hatchery Spearfish, Johnsons are that will make their the best nursery ponds the state. Will Increase Phone Rates Lincoln, The Ames Creek company, Obert, has been granted permission to increase its present farm rates 10 cents June also ordered that dividends may be paid earnings, exceed per outstanding capital stock $4,000, until further order of the commission.