Citizens State Bank (Lyons, NE)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
September 1, 1926
Location
Lyons, Nebraska (41.937, -96.477)
Bank Type
state
Routing Number
76-1129

Metadata

Notes

Article 2 reports the bank was taken over by the state guaranty commission; Article 3 shows a receiver was appointed shortly after.

Events (2)

1. September 1, 1926 Suspension
Cause
Government Action
Cause Details
Taken over by the state guaranty (guarantee) fund commission after bad paper caused collapse.
Newspaper Excerpt
Lyons Bank Closed. Lyons, Neb., Sept. The Citizens State here has failed that the had been taken over guaranty fund commission.
Source
newspapers
2. September 4, 1926 Receivership
Newspaper Excerpt
Dated this 4th day of September, 1926. Rollie W. Ley, Receiver of Citizens State Bank, Lyons, Ne-
Source
newspapers

Newspaper Articles (3)

Article from Falls City Daily News, December 8, 1925

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Article Text

Kirk Griggs' Report States that Institutions Over to Guarantee Commission Since July,

Lincoln, of the state department of trade and commerce, issued report in book form showing the condition of 913 commercial and the state to the last report of the present year. deals largely with the workings of the guaran*ee law the periods of stress recent years, wherein the state guarantee commission has taken over continued operation of embarrassed banks. Thirteen report shows, June 1925; banks sold consolidated with number of banks liquidated or placed in the hands of receivers number of banks reporting June 1925, 910. The report shows the following 25 banks turned over the guarantee fund commission from July 1924, June Ames, Farmres' State; Angora, Angora State bank; Bennington, Manand Glandt; Bridgeport, Bridgeport bank; Citizens Chadron, Citizens State: Clearwater, State Bank; Collegeview, Bank of Farmers' State; Craig, Farmers' State: CrawFarmers' bank; Ewing, Ewing State; Ewing, Pioneer State; Bank of Commerce; Hooper, Dodge County bank; Lynch, Security State: Lyons, Citizens' State; Lean, McLean Macy, Macy State; Newport, Rock County State: Omaha, (Florence) Commercial Omaha, Security Orchard, Orchard State: City, First State; Peru, Peru State, Ralston, Citizens' State; Rosalle, Farmers' State; Seneca, Seneca Sidney, AmeriSilver Creek, Silver Snyder, Snyder South Bank of South Sioux City: Trumbull, Trumbull Valentine, entine State bank; and Wolbach, Farmers' State. guarantee vation funds, from July 1924 June 1925, gives statements of and liabilities of each bank, sessment, refunds and balances. is said those who took drive on the highway south of town that everyone town or the rounding country, who did bit Sunday toward packing down the gravel that has been laid near the line. That exceedobjective for drive these days.

Mr. and Mrs. Charles Ebel. from down on line, Mr. and Mrs. May from Ohio precinct, and Mr. and Mrs. August Lietzke, from Arago precinct, were among the busivisitors to Falls City Saturday. and Mrs. Ben Jorn, from near Verdon, were in town business SatThey reported their Boyd, suffering from severe attack grip


Article from The Sioux City Journal, September 2, 1926

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Article Text

PRISONERS MUST LIVE ON BREAD AND WATER Lincoln, Sept. supreme court has motion for filed by Thomas Nelson Ray Carson, Burt county farmer to 60 days county jail, during 40 days which their rations should consist bread and water. Nelson and were found guilty of having liquor in their pos session at country dance.

Lyons Bank Closed. Lyons, Neb., Sept. The Citizens State here \has failed that the had been taken over guaranty fund commission. Plans are under for the pointment of Kirk Briggs, secretary of the state banking commission. stated that bad paper caused the bank to collapse. The bank had stock and deposits, Fred Strelo being its president.

Road Signs Ready to Post. Hartington, Neb., Sept. 1.-Special: Road signs for the high way, running through Knok, Cedar and which have been in Dixon the of construction for some course time in office of County Martin Nelson here. completed. The lettering of the boards enameled background. signs will be erected the highway this county.


Article from The Lyons Mirror-Sun, September 23, 1926

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Article Text

zens State Bank of Lyons, Nobraska, and of Time and Place of Hearing Thereon

All persons having claims against the Citizens State Bank, Lyons, Notrict Court of Burt County, Nebraska, at Tekamah, Nebraska, on or before the 15th of October, 1926. day based must be attached to claim. Hearing will be had upon all claims filed before the District Court of Burt mencing at 10:00 a. m. of said day, or as soon thereafter as the court can hear the same. Any claims not filed with said receiver or with said clerk on or before said October 15, 1926, will be rejected and forever barred. Dated this 4th day of September, 1926. Rollie W. Ley, Receiver of Citizens State Bank, Lyons, Ne-