Bank of Ragan (Ragan, NE)

Episode Information

Episode UID
76084871581
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7608487 routing
Routing Number
76-0848
Start Date
September 21, 1931
Location
Ragan, Nebraska (40.310, -99.290)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4998406ecfad0694

Response Measures

None

Events (2)
1. September 21, 1931 Receivership
Newspaper Excerpt
placed in the hands of the state department of trade and commerce. State Examiner Richard Hadley was placed in charge for the department. Deposits of the bank were listed $110,000; its capital $20,000 and its surplus ... Affairs of the local bank are being handled by A. M. Strunk, who is also assistant receiver of the failed banks at Orleans and Ragan. The department is getting ready to sell the remaining assets of the bank at Ragan, and will wind up its liquidation of that bank in the near future. (1933 article notes sale of remaining assets).
Source
newspapers
2. September 21, 1931 Suspension
Cause
Government Action
Cause Details
Closed by its officers and placed in the hands of the state department of trade and commerce; state examiner Richard Hadley placed in charge.
Newspaper Excerpt
Bank of Ragan, Ragan Nebr., was closed today by its officers and placed in the hands of the state department of trade and commerce.
Source
newspapers

Newspaper Articles (3)
1. September 21, 1931 The Columbus Telegram Columbus, NE

Article Text

BANK AT RAGAN TAKEN OVER BY STATE BUREAU Lincoln, Sept. 21 Bank of Ragan, Ragan Nebr., was closed today by its officers and placed in the hands of the state department of trade and commerce. State Examiner Richard Hadley was placed in charge for the department. Deposits of the bank were listed $110,000; its capital $20,000 and its surplus E. Cox president; Janet Cox, vice president and Thomas Rogers, cashier and Paul Allerheiligen, assistant cashier.

2. May 3, 1933 Holdrege Daily Citizen Holdrege, NE

Article Text

HEARING MAY 22 FOR DISALLOWED CLAIMS ON BANK Receiver Prepares to Sell Remaining Assets From Bank at Ragan FILE ANSWER JUNE 12 May 22 has been set as the date for hearing of individuals whose claims against the Phelps county bank have been disallowed in district court. Acting on the findings of the department of trade and commerce Judge Blackledge has disallowed some of the claims filed against the closed bank. These claimants have been notified and will present their case in district court, before the judge, May 22. After the state department has received these answers, the receiver of the local bank will be given an opportunity to answer, date for that hearing having been set for June 12. Affairs of the local bank are being handled by A. M. Strunk, who is also assistant receiver of the failed banks at Orleans and Ragan.

3. May 3, 1933 Holdrege Daily Citizen Holdrege, NE

Article Text

Acting on the findings of the department of trade and commerce Judge Blackledge has disallowed some of the claims filed against the closed bank. These claimants have been notified and will present their case in district court, before the judge, May 22. After the state department has received these answers, the receiver of the local bank will be given an opportunity to answer, date for that hearing having been set for June 12. Affairs of the local bank are being handled by A. M. Strunk, who is also assistant receiver of the failed banks at Orleans and Ragan. Mr. Strunk makes his home in Holdrege but divides his time between the towns where he is handling banks. The department is getting ready to sell the remaining assets of the bank at Ragan, according to Strunk, and will wind up its liquidation of that bank in the near future.