Newspaper accounts refer to the 'failed State Bank of Papillion' and a receiver (R. Brownell) in possession and appealing claims, indicating the bank failed and entered receivership (permanent closure). No article mentions a depositor run prior to suspension. Dates taken from publication (mid-November 1928) because exact failure date is not given in the clippings.
Events (2)
1.November 15, 1928Receivership
Newspaper Excerpt
R. Brownell, receiver of the failed State Bank of Papillion has filed an appeal ... from an order of the district court of Sarpy county which allowed Albert Halpin's claim against the guaranty fund. Halpin had $378 on deposit in the bank at the time it failed.
Source
newspapers
2.November 15, 1928Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank is described as 'failed' and has a receiver appointed, indicating insolvency or adverse bank-specific financial failure.
Newspaper Excerpt
Brownell, receiver of the failed State Bank of Papillion
Source
newspapers
Newspaper Articles (2)
1.November 15, 1928The Lincoln StarLincoln, NE
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Article Text
BANK RECEIVER APPEALS ORDER ALLOWING CLAIM
R. Brownell, receiver of the failed State Bank of Papillion has filed an with the supreme court from an order of the district court of Sarpy county which lowed Albert Halpin's claim against the guaranty fund Halpin had $378 on deposit in the bank the time it failed. In petition he asserted that because his work took him from one town another he from knowing of the failure or knowing was necessary for him to file claim The receiver protested the claim it presented the time limit had passed for the filing of depositors claims. pointed that the receiver complied with the law in sending out notices but Halpin claimed that he had never received such notice. asserted that the law fix. ing limit on the time for filing claims it tended to control and limit the authority the The district court allowed Halpin preferred claim.
2.November 16, 1928The Omaha Evening Bee-NewsOmaha, NE
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Article Text
BANK RECEIVER APPEALS CLAIM
Lincoln, Nov. 0. Brownell, receiver of the failed State Bank of Papillion, Thursday appealed to the supreme court from an order of the district court of Sarpy county which allowed Albert Halpin's claim against the guaranty Halpin had $378 on deposit in the bank at the time it falled In his petition he asserted that be cause his work took him from one town to another he was prevented from knowing of the bank's fall are or knowink that it was necessary for him to file claim. The receiver protested the claim because it was after the time limit had passed for the filing of depositor's claims. It was pointed out the receiver had complied with the law in sending out notices to but Halpin claimed he had not such a notice Halpin asserted that the law fixing a limit on the time for filing claims was it tended to control and limit the authority of the The district court allowed Halpin a preferred claim
