13737. Citizens State Bank (Winside, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 19, 1932
Location
Winside, Nebraska (42.176, -97.175)

Metadata

Model
gpt-5-mini
Short Digest
916ff9b6

Response Measures

None

Description

No run is described. The bank had been closed (suspended) since Oct 19, 1932 and was later placed in the receiver's hands (Nov 9, 1933). In 1934 the receiver arranged loans to pay depositors dividends — consistent with a suspended bank in receivership rather than an active reopening. Cause of suspension is not specified in the articles.

Events (3)
1. October 19, 1932 Suspension
Cause Details
Article only states the bank was closed on Oct 19, 1932; no cause given in the text.
Newspaper Excerpt
The Citizens State bank which has been closed since Oct. 19,1932,
Source
newspapers
2. November 9, 1933 Receivership
Newspaper Excerpt
The Citizens State bank ... was placed the hands the receiver Wednesday
Source
newspapers
3. June 7, 1934 Other
Newspaper Excerpt
completing arrangements for ... bank loans for the Citizens State Bank of Winside ... loans ... will be used to pay depositors dividend ... local bank will receive approximately $35,000
Source
newspapers

Newspaper Articles (3)
1. November 9, 1933 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, November 9, 1933

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Article Text

in Receiver's Hands Winside, Neb., Nov. 9-Special The News: The Citizens State bank which has been closed since Oct. 19,1932, was placed the hands the receiver Wednesday Every effort has been made open the bank. The required number waivers was signed by the depositors and new officers for the bank were chosen. However, after several trips Lincoln by local business men and officers, was deemed necessary place the institution the hands of the receiver. This leaves Winside without bank, the Merchants State bank having voluntarily closed its doors in December, 1931.

2. January 18, 1934 Winside Tribune Winside, NE
Article from Winside Tribune, January 18, 1934

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Article Text

Placed in Charge of Carroll Bank Assistant Receiver W. R. Scribner, who is in charge of the Merchants and Citizens State banks here, has been placed in charge of the Carroll State bank temporarily, which will give him three banks to look after.

3. June 7, 1934 Winside Tribune Winside, NE
Article from Winside Tribune, June 7, 1934

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Article Text

Complete Arrangements For Bank Loans W. R. Scribner was in Lincoln Monday completing arrangements for R. C. bank loans for the Citizens State Bank of Winside and the Carroll State Bank of Carroll. The assistant bank receiver stated that the loans, which will be used to pay depositors dividend, should be available in the near future. The money is being loaned on good paper assets of the banks and the local bank will receive approximately $35,000. This amount will mean that between a 20 and 25% dividend will be paid depositors of the local bank. Mr. Scribner was accompaned to Lincoln by his daughter, Mrs. H. L. Brune.