Minatare Bank (Minatare, NE)

Episode Information

Episode UID
76080971551
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7608097 routing
Routing Number
76-0809
Start Date
March 7, 1929
Location
Minatare, Nebraska (41.809, -103.504)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4ebfa48a27373a41

Response Measures

None

Events (2)

1. March 7, 1929 Receivership
Newspaper Excerpt
petition signed by many of the depositors the failed Minatare bank...depositors in failed banks placed their money in those banks with the understanding...that their money protected by the State of Nebraska
Source
newspapers
2. August 29, 1930 Receivership
Newspaper Excerpt
Torgeson will take over seven banks located at...Scottsbluff and Minatare. He is now receiver of eleven failed banks in his district.
Source
newspapers

Newspaper Articles (2)

Article from Minatare Free Press, March 7, 1929

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Article Text

PETITIONS RECEIVED BY STATE OFFICERS Attorney General C. A. Sorenson States He Heartily Agrees With Contents of Petition Some weeks ago the Free Press made mention of the fact that meeting was held by depositors of the defunct Minatare Bank and that steps were being taken in order to get some action the part of the Guaranty Fund Commission in getting further payment on their deposits, which after two years has paid but twenty per cent. The letter has received during the past week by Oscar E. Nelson, of the mittee and attorney for the depositacknowledges receipt of your letter of March 1st and copy of petition signed by many of the depositthe failed Minatare bank. heartily agree with the contents petition. We have spent nearly two months now in resisting the efforts of over five hundred bankers to annul the Guaranty Law. If win, and the not repeal the law, the depositors in failed banks will eventually get their money, even though the payment of the money may delayed. also prepared for the Governor, and he bill providing for thorough audit and investigation of the Guanantee Fund Trade and and all banks in receivership since January 1919. take the position that the depositors in failed banks placed their money in those banks with the understanding and in the belief that their money protected by the State of Nebraska and the banks, and that their faith must not be shattered. shall do to see it that all the my power depositors failed banks are refundevery dollar that they entrusted to the banks. Sincerely yours, H. Sorensen, Attorney General. and Mrs. Johnson left Friday evening for Queen City, Mo., where they visit relatives. Sunday school class of the Methodist church St. Patricks party, Wednesday evening, in the church parlor. At the close of most enjoyable evening delicious were served. Kensington will entertained next Wednesday, March 13th the home of Mrs. with Mrs. C. Schneider and Mrs. Meyers assisting the hostess. All members and friends are invited to attend.


Article from The Poultney Journal, August 29, 1930

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Article Text

Judge Carter Accepts the Resignation Of C. G. Bliss District Judge Carter Monday accepted the resignation of Clarence G. Bliss, former secretary of the state department of trade and commerce, as receiver of seven defunct state banks in western Nebraska. This action was taken during the present session of district court at Gering. A. E. Torgeson of Scottsbluff, assistant to the receiver, was named to the position vacated by Bliss. Torge son filed bonds immediaely after his appointment. Application of E. H. Luikart, presene secretary of the commerce department, for appointment as receiver was previously denied by Judge Carter. Like action was taken by Judge Meyer of this district some time ago. Their reason is said to be unwillingness to transfer receiverships to Luikart until they are assured of no interference from Governor Bryan. According to the state law, the commerce department secretary shall be receiver of failed state banks. However, the transfer to the present Becretary is still before the courts in several districts. Torgeson will take over seven banks located at Bridgeport Bayard, Lyman, two at Mitchell. Scottsbluff and Minatare. He is now receiver of eleven failed banks in his district.