Bank of Odell - Odell, NE

Episode Information

Episode UID: 7110618691561
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 711061869 hash
Start Date: January 2, 1930
Location: Odell, Nebraska (40.050, -96.803)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e26f373dfb112475

Response Measures

None

Description

Regulatory department closed the bank and placed an examiner in charge; article describes a prior run.

Events (3)

1. January 2, 1930 Receivership

Newspaper Excerpt: Bank Examiner A. F. Jorgenson is in charge of the bank for the department of trade and commerce.
Source: newspapers

2. January 2, 1930 Run

Cause: Bank Specific Adverse Info
Cause Details: Deposits were sharply reduced by a recent run amid concerns the bank's condition might be impaired.
Newspaper Excerpt: had deposits of near $165,000 which were said to have been reduced to a recent run on the bank.
Source: newspapers

3. January 2, 1930 Suspension

Cause: Government Action
Cause Details: State department of trade and commerce closed the bank and placed an examiner in charge.
Newspaper Excerpt: ODELL BANK IS CLOSED ... announced by the department of trade and commerce ... Bank Examiner A. F. Jorgenson is in charge of the bank for the department of trade and commerce.
Source: newspapers

Newspaper Articles (1)

1. January 2, 1930 The Adams Weekly Globe Adams, NE

Article from The Adams Weekly Globe, January 2, 1930

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Article Text

ODELL BANK IS CLOSED The closing of the bank at Odell, Nebr. was announced by the department of trade and commerce riday morning, and is said to be the first bank failure in Gage county for several years. The bank which closed Thursday afternoon was organized in 1903. Charles N. Hinds, president and cashier of the bank, said that the condition of the bank-might be impaired but he did not believe it to be insolvent... The bank organized by the Hinds family, was capitalized at $20,000 and had deposits of near $165,000 which were said to have been reduced to a recent run on the bank. W. H. Hinds is vice president Bank Examiner A. F. Jorgenson is in charge of the bank for the department of trade and commerce.