Elba State Bank (Elba, NE)

Episode Information

Episode UID
76057171583
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7605717 routing
Routing Number
76-0571
Start Date
November 20, 1931
Location
Elba, Nebraska (41.286, -98.568)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c205302cf92b21d1

Response Measures

None

Description

OCR garbling makes the exact suspension date unclear (mentions November 1931).

Events (2)
1. November 20, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Previously failed/closed and later reorganized and recapitalized by stockholders (insolvency/failure led to suspension).
Newspaper Excerpt
The institution was ... reorganized ... reopened for business Tuesday according to the department of trade ... bank 20, 1931.
Source
newspapers
2. April 19, 1932 Reopening
Newspaper Excerpt
The Elba State bank, Elba, reorganized, recapitalized ... reopened for business Tuesday ... Luikart ... announced the organization and the reopening of the Elba State Elba.
Source
newspapers

Newspaper Articles (2)
1. April 19, 1932 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, April 19, 1932

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Article Text

BANK Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made by stockholders, reopened for business Tuesday according to by the department of trade and The bank 20, 1931. The plan contemplates payment of depositors capital stock $10,000, surplus deposits $33,000 cash from banks officers Bertel Leth, president; Anton Spilinek, vice president and J. Sumovich, final dividend of 2.2 percent, $3,003.92, has been paid to depositors the failed Cornlea State bank. total payment percent, amountto $13,926.82. final dividend from assets of percent, amounting $3,has paid depositors the Liberty State Thurston, making total of 12.7 percent

2. April 19, 1932 Beatrice Daily Sun Beatrice, NE
Article from Beatrice Daily Sun, April 19, 1932

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Article Text

SUSPENDED LINCOLN, 19 state department of trade and today announced the organization and the reopening of the Elba State Elba. The bank business November Luikart, department secretary, said the institution was capitalized and placed in thoroughly solvent condition the stockholders. The plan reorganization. he said, contemplates ultimate payment in full to all depositors. Upon reopening. the bank had capital stock of $10,000; surplus, $2,500; deposits of $33,000, and of $12,000 due from other banks. Luikart also announced the pay ment of in dividends to failed state banks positors A payment of $$3,404, or nearly went to the depositors per the Liberty State bank Thurston, and the other $3,000. nearly per cent. went to the Cornlea state bank of Cornlea.