13703. Security State Bank (Wakefield, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 15, 1931
Location
Wakefield, Nebraska (42.269, -96.865)

Metadata

Model
gpt-5-mini
Short Digest
cb09bd70

Response Measures

None

Description

No run is described in the articles. The bank was placed in receivership (state bank receiver) and its remaining assets were auctioned off, indicating permanent closure. Dates: receiver mentioned in July 1931 article; assets sold at auction reported 1931-09-24.

Events (3)

1. July 15, 1931 Receivership
Newspaper Excerpt
Security State bank, Wakefield. (listed among banks for which receivers employed attorneys by Governor Bryan's published list).
Source
newspapers
2. July 15, 1931 Suspension
Cause
Government Action
Cause Details
Bank placed in state receivership (receiver employed attorneys to handle receivership matters).
Newspaper Excerpt
Security State bank, Wakefield. (listed among banks for which receivers employed attorneys)
Source
newspapers
3. September 24, 1931 Other
Newspaper Excerpt
The remaining assets of the former Security were sold at auction on Main street last Thursday morning by State Bank Receiver, Geo. I. Parker.
Source
newspapers

Newspaper Articles (2)

Article from Osmond Republican, July 15, 1931

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Article Text

BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.


Article from The Wakefield Republican, September 24, 1931

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Article Text

SECURITY BANK ASSETS SOLD AT AUCTION The remaining assets of the former Security were sold at auction on Main street last Thursday morning by State Bank Receiver, Geo. I. Parker. In addition to number of local bidders who were interested in individual items, number of Norfolk, Pilger and Columbus bidders ran up the bids on the entire group of assets to A. E. Trowbridge of Columbus made the purchase which however must be confirmed by the court before the deal is completed. Mr. Trowbridge garage owner in Columbus.