Bank of Sprague (Sprague, NE)

Episode Information

Episode UID
76086771559
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7608677 routing
Routing Number
76-0867
Start Date
November 20, 1929
Location
Sprague, Nebraska (40.626, -96.745)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
84b89d635a12235c

Response Measures

None

Description

Bank was taken over by the state department and later paid receivership dividends.

Events (2)
1. November 20, 1929 Suspension
Cause
Government Action
Cause Details
Suspended and taken over by the state department of trade and commerce; bank closed by state authorities.
Newspaper Excerpt
Nebraska Bank Suspended ... The bank of Sprague, Lancaster county, was suspended Wednesday and taken over by the state department of trade and commerce.
Source
newspapers
2. June 28, 1932 Receivership
Newspaper Excerpt
Claimants of the Bank of Sprague will get $3,688.82, representing 7 percent... This brings the total paid to $24,633.95 representing 47 percent, and leaving a deficiency of $27,777.88.
Source
newspapers

Newspaper Articles (3)
1. November 21, 1929 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, November 21, 1929

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Article Text

CANDIDATE FOR HIGH POSITION Former Nebraska Solon After Lieutenant Governorship Lundy. Custer county. sergeant-atarms during the Forty-fifth legislative session, and a former member of the house from that district, announced himself Wednesday as republican candidate for lleutenant- 250 MANUFACTURERS OF NEBRASKA TO GATHER and fifty Nebraska manufacturers are expected to attend the 17th annual meeting of their state association in Lincoln December 4. Starting with a noon luncheon at the Lincoln hotel. delegates will finish business during the afternoon and attend a banquet at the chamber of commerce in the evening President C. M. Aldrich, of Nebraska City, will call the meeting to order and introduce W A Mechling. president of the association. who will welcome the delgates. State Engineer Roy Cochran and State Game Warden Fran: O'Connell are to deliver after luncheon talks Gov. Weaver, Mark Woods and the newly elected president will deliver addresses following the banquet. 4,000 SHEEP ON FEED ON ONE NEBRASKA FARM Homer, Neb-Few are aware that one of the largest sheep ranches of the midwest is about 10 miles from Sioux City, on the farm of Fred Bartels. who resides near Hubbard Mr Bartels has at present between 3,800 and 4,000 sheep of the mutton variety. Sues For Son's Death for the estate of Alis Belz, Stanton county. argued in the supreme court that it was not gross negligence for Belz to drive on crossing when Northwestern freight train had just passed. Belz was killed by an engine out on trial run. following about a block behind the train. The mother of Belz sued for 85 180, which the district court denied her. Officers Search Bakery Truck Homer, Neb.-Special Competition among bread dealers is thought to be the cause of the searching by f-d. eral officers of a bread wagon of a. Sloux City company here The tip is supposed to have been given by a rival bread concern. The search revealed not liquor, but bread and cake. Tilden Man Kills Self Tilden. Neb. Special: Antone Kent, 71. killed himself with a shotgun at his home in Tilden The cause of his death was given as ill health. He was a bachelor and lived with a brother. He was reported to have been quite wealthy. having owned much land near Tilden. To Cut Yuletide Trees Christmas trees in western Nebraska and southeastern Wyoming, offi- clais of Medicine Bow forest are arranging to cut a large number of small evergreens this month and next. Gordon Smith Is Honored Gordon. Neb.-Special: At the recent convention the Nebraska Blacksmith and Wheelwright assoclation, held in Omaha, Theodore Anderson. of this city, was chosen vice president of the state organization. Nebraska Bank Suspended Lincoln. Neb.-(P)-The bank of Sprague, Lancaster county. was suspended Wednesday and taken over by the state department of trade and commerce. The closed institution carried about $60,000 deposits.

2. June 28, 1932 Lincoln Journal Star Lincoln, NE

Article Text

PAYS COUNTY DEPOSITORS Denton and Sprague Bank Assets Are Alloted. Orders alloting second dividends amounting to more than $6,000 to depositors in two failed Lancaster banks were issued Monday by District Judge Shepherd. Depositors in the Denton State bank will receive 5 percent of claims, or $2,772.47. They had pre+ viously 38 percent of total claims of Monday's dividend reduces the balance of claims to $33,269.64. Claimants of the Bank of Sprague get $3,688.32, representing 7 percent. Claims originally aggregated $52,411.83. This brings the total paid to $24,633.95 47 percent, and leaving a deficiency of $27,777.88.

3. June 28, 1932 Lincoln Journal Star Lincoln, NE

Article Text

PAYS COUNTY DEPOSITORS Denton and Sprague Bank Assets Are Alloted. Orders alloting second dividends amounting to more than $6,000 to depositors in two failed Lancaster banks were issued Monday by District Judge Shepherd. Depositors in the Denton State bank will receive 5 percent of claims, or $2,772.47. They had previously received 38 percent of total claims of $55,449.51. Monday's dividend reduces the balance of claims to $33,269.64. Claimants of the Bank of Sprague will get $3,688.82, representing 7 percent. Claims originally aggregated $52,411.83. This dividend brings the total paid to $24,633.95 representing 47 percent, and leaving a deficiency of $27,777.88.