Bank of Waverly - Waverly, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Waverly, Nebraska (40.917, -96.528)

Metadata

Model: gpt-5-mini
Short Digest: aadbb1d4

Response Measures

None

Description

Article (Lincoln Journal Star, 1925-08-23) discusses payments to a receiver (K. Knudson) for work as receiver of the Bank of Waverly. The text indicates a receivership was in place; no mention of a run or reopening. I classify this as a suspension resulting in closure/receivership. Date of receivership not specified in the excerpt.

Events (1)

1. * Receivership

Newspaper Excerpt: Knudson allowed $750 by court when he was charged receiver the Bank Waverly
Source: newspapers

Newspaper Articles (1)

1. August 23, 1925 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, August 23, 1925

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Article Text

GOOD FEES KNUDSON COURTS ALLOWED HIM WANTS Secretary Griggs of Guaranty Fund May Ask for Return of Yet Paid. reported the capitol that the department of trade and commerce, Kirk Griggs, secretary, will endeavor to prevent K. Knudson, former secretary of the department, from drawing pay for acting receiver the American State bank and the Pioneer State bank Omaha and for performhim receiver of the American State bank Lincoln. It said the department will endeavor have Mr. Knudson return $750 drawn by him as receiver Bank of Waverly. A total of may be involved. The same action likely to taken in regard to $750 drawn Hart, of the depart ment before Mr. became secretary. Mr. said to have drawn $750 for his work receivbank Blair. Bodie receiver in fact of that bank until Mr. Hart retired from the office of secretary of department. He then active charge receivership for one month and days. The department trade and commerce and the guaranty fund commission said to agreed upon policy to pursued matter of Mr. Kundson's pay receiver. Griggs secretary of the department and chairman guaranty fund commission. He has acted receiver of any failed bank and has drawn no pay except his salary of $5,000 year. refused the claims of Mr. Knudson for pay receiver in any case. The state law relating secretaries of the code departments says: appointee each department shall devote his entire time the duties of his office and shall hold other office position Knudson allowed $750 by court when he was charged receiver the Bank Waverly He was succeeded by Dempster Geneva, the guaranty fund commission, short time ago. Knudson was allowed $1,158