Bank of Burwell (Burwell, NE)

Episode Information

Episode UID
76132771609
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7613277 routing
Routing Number
76-1327
Start Date
January 13, 1934
Location
Burwell, Nebraska (41.782, -99.133)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fee4316f3527b96f

Response Measures

None

Events (2)
1. January 13, 1934 Suspension
Cause
Government Action
Cause Details
Closed by order of the state department of banking on Jan. 13, 1934.
Newspaper Excerpt
Burwell had been without a financial institution since Jan. 13, when both banks were closed by order of the state department of banking.
Source
newspapers
2. April 26, 1934 Reopening
Newspaper Excerpt
The Bank of Burwell opened for business Thursday with capital of $25,000 and a $5,000 surplus.
Source
newspapers

Newspaper Articles (2)
1. January 25, 1934 The Tryon Graphic Tryon, NE
Article from The Tryon Graphic, January 25, 1934

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Article Text

CITIZENS STATE BANK AT MULLEN CLOSED LAST WEEK The Citizens State Bank of Mullen was forced to close its doors last week after bank at Burwell, Nebr. owned by the same stockholders and having the same president was foreto close. The condition of the Mullen bank in itself was such that it could have operated. According to reports light run on the Mullen bank was made on Saturday and on Monday morning did not open. At present steps are being taken to reorganize the bank and in the end Mullen's banking house will probably be made more solvent. For the sent it working some hardship on Mullen citizens.

2. April 28, 1934 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, April 28, 1934

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Article Text

BANKING NEWS BANK DIVIDENDS Platte Valley State Bank, Scottsbluff, April 13 10% or $17,663.91; prior payments 10% or $17,663.91; total 20% or $35,327.82. Cordova State Bank, April 18 first dividend payment 45% or $24,175.25. Farmers State Bank of Concord, April 12 10% or $13,261.87; prior payments 5% or $6,630.99; total 15% or $19,892.86. Farmers Exchange Bank of Trumbull April 9 first dividend payment 20% or $8,872.72. Farmers State Bank of Glenvil, March 24 10% or $18,539.90; prior payments 35% or $64,972.19; total 45% or $83,512.09. The Bank of Burwell opened for business Thursday with capital of $25,000 and a $5,000 surplus. Burwell had been without a financial institution since Jan. 13, when both banks were closed by order of the state department of banking. Frank A. Johnson is president of the new bank,. His sons, Harold, Oscar and Everette, are the other officers.