Security State Bank (Wakefield, NE)

Episode Information

Episode UID
76092771535
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7609277 routing
Routing Number
76-0927
Start Date
November 1, 1927*
Location
Wakefield, Nebraska (42.269, -96.865)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e2b98e93c23e1087

Response Measures

None

Description

Taken over by State Guarantee Fund Commission in late Nov 1927 and later placed in receivership; assets sold at auction in 1931.

Events (3)
1. November 1, 1927* Suspension
Cause
Government Action
Cause Details
State Guarantee Fund Commission took over the bank and restricted withdrawals; operations ceased to normal deposit access.
Newspaper Excerpt
The affairs of the Security State Bank. of Wakefield, Nebraska, was taken over by the State Guarantee Fund Commission last week
Source
newspapers
2. April 11, 1929 Receivership
Newspaper Excerpt
Wakefield Bank Receiver Named -- The Security State Bank of Wakefield, which has been in the hands of the guaranty fund ... placed Saturday R. Parker ... will also receiver the Wakefield bank. N. Strunk ... will main charge of assets of the institution. Creditors will be notified to file claims ...
Source
newspapers
3. September 24, 1931 Other
Newspaper Excerpt
SECURITY BANK ASSETS SOLD AT AUCTION -- The remaining assets of the former Security were sold at auction on Main street last Thursday morning by State Bank Receiver, Geo. I. Parker.
Source
newspapers

Newspaper Articles (13)
1. December 1, 1927 The Wausa Gazette Wausa, NE
Article from The Wausa Gazette, December 1, 1927

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Article Text

WAKEFIELD BANK TAKEN OVER BY COMMISSION The affairs of the Security State Bank. of Wakefield, Nebraska, was taken over by the State Guar antee Fund Commission last week and will for the present conduct business as per usual on new deposits received. The old depositiors will be allowed to draw-money on their deposits only as money is paid in on outstanding indebtedness to the bank. A receiver will not be appointed at the present. Mrs. Sweet and daughter, Laura of Creighton, were here Sunday visitors at the Wm. Berridge home in this city.

2. March 14, 1929 The Wakefield Republican Wakefield, NE
Article from The Wakefield Republican, March 14, 1929

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Bond Company Agrees to Make Deposit MONEY ON DEPOSIT IN SECURITY STATE BANK TO BE PAID IN FULL DISTRICT Announcement was made on Monday that all money on deposit in the old Security State bank of Wakefield belonging to the local school district would be paid in full by the bonding company, and that the money would paid over within few days. This an argument that has been standing ever since the closing of the Security State bank inn November, 1927. Beebe was at that time treasurer of the school district's funds, and bonded by the Fidelity Deposit Company of Maryland. When the bank closed the board of education claimed that the bonding company should make good the amount of money then in the bank, but the company seemed to think that the deposit was guaranteed and should not be paid. Suit was started, but the bonding company offered to pay the account in full before the matter came to trial. The amount in the bank on deposit to This the companny offered to pay, togethwith all costs in the case except that of the attorney for the school district.

3. April 11, 1929 The Wayne Herald Wayne, NE
Article from The Wayne Herald, April 11, 1929

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Article Text

Wakefield Bank Receiver Named The Security State Bank of Wakefield, which has been in the hands of the guaranty fund mission for and half, placed Saturday R. Parker who is in charge Newcastle bank, will also ceiver the Wakefield bank. N. Strunk, who has been here for the guarantee commission, will main charge of assets of the stitution. Creditors will be notified to file claims so that affairs of the bank may be concluded soon as possible. Church Notes. (Rev. W. Taylor, pastor.) Services April 14: Sunday school at 10. Preaching at Subject, "Christ the Rose of Sharon." worth League Preaching Subject, "Christ, the Lily of the Valley." The Ladies' Aid meets in the church basement Thursday, April Services at Pleasant Valley at Swedish Mission Church. (Rev. John Nelson, pastor.) Sunday school at m. Morning worship at English evening service at Wednesday, choir rehearsal Friday, April 19, our sion meeting' will begin at o'clock. Rev. Widen of Wausa and Rev. Leonard Larson of Oakland, have promised to be with us and preach word to us at these meetings. Salem Lutheran Church. (Rev. Martin, Pastor.) This Thursday the Ladies' Aid society meets' Mrs. Bengtson, Mrs. Carrie Bard and Pete Oberg as hostesses. Saturday, at and the Luther girls' chorus practice at Sunday school 10 m. with bible classes for all. English services at Swedish evening services at Presbyterian Church. Sunday school Christian Endeavor members will entertain young people the Methodist Sunday evening. Luncheon will be served and social hour will follow. The regular Christian deavor devotional meeting will then be held. The annual business meeting of the congregation will be held day evening. Fellowship supper be served for families and election of officers and ports of various departments All urged be present the ing pastor will be considered. Wakefield School Notes. Eighteen will be graduated from the Wakefield high school this year. Baccalaureate sermon planned for May and mencement will held May The girls' club met Wednesday evening. The school board, special meeting Monday evening voted provide track at the municipal ball park for of the school students in track work and track meets with other schools. High school girls have organiztrack team for twenty-four Eight have signed up for track work, sixteen for volley ball for indoor Miss Reynolds will supervise the training. Those in the group Helen Swanson, Lorraine Schulz, Blossom Driskell, MarjorDavis, Ruby Rubeck, EvangelCarlson, Ruth Hinrich, Adelyn Sar, Marjorie Driskell, Gladys derson, Evangeline Frances Frances Brown, vian Schulz, Mabel Carlson, Kimbell, Catherine Mitchell, Faith Kimbell,

4. May 16, 1929 The Wakefield Republican Wakefield, NE
Article from The Wakefield Republican, May 16, 1929

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Article Text

City Treasurer Gives Yearly Report Elsewhere in this issue of The Republican will be found the annual of the city treasurer of the nancial of the of city field, being full report for the year ending April 1929. The report shows total receipts to the funds for the of year and total for the of leaving balance hand May 1929, of plus balance on hand May of or All of amount available cept which in the closed Security State Bank. The items of outstanding indebtedness interesting. The report shows the total bonded debt of the city be divided lows: Sewer, District Paving Bonds, Intersection Paving Bonds, and Electric Light Bonds amounting to It shows that bond indebtedness of has been paid off during the past year. home. Herman Jahn, John Heckens and were Thursday afternoon callers in the Geo. Kruger home. Mrs. Albert Mackling and sons were Thursday evening visitors in the Edward Schwarten home.

5. October 3, 1929 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, October 3, 1929

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BANKER GIVEN PRISON Wakefield Man Sent to Penitentiary to Serve Ttime (Special The Journal.) Lincoln, gates here swing shut Wednesday on Charles Beebe. former president of the State bank, Wakefunct Security field. Neb., who began serving tence to 20 years on charge forgery. prominent in Wakefield, Beebe, been president of the bank prior to its being taken years by the Nebraska bank guarantee fund commission, about Tuesday entered months ago. of guilty to of two charges forgery against him. forged signature on note for $1,000 which was part of the bank proper taken by the Immediately the plea Judge Mark Ryan sentenced

6. October 31, 1929 The Lyons Mirror-Sun Lyons, NE
Article from The Lyons Mirror-Sun, October 31, 1929

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Article Text

WAKEFIELD BANK RECEIVER WINS COURT DECISION case of Security State bank of Wakefield Soren Anderson and others was decided here by Judge Ryan, partly favor of the receiver and partly favor of Anderson. He held that the dwelling house and lot occupied by Anderson and one other lot. constituted the homestead of Anderson and his wife and was not subject the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots the court decided, was subject he judgment which the bank holds against Anderson.

7. October 31, 1929 Blue Valley Journal McCool Junction, NE
Article from Blue Valley Journal, October 31, 1929

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Article Text

WAKEFIELD BANK RECEIVER WINS COURT DECISION case of Security State bank of Wakefield vs. Soren Anderson and others was decided here by Judge Ryan, partly n favor of the receiver and partly n favor of Anderson. He held that he dwelling house and lot occupied by Anderson and one other lot, constituted the homestead of Anierson and his wife and was not subject to the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots he court decided, was subject to he judgment which the bank holds gainst Anderson.

8. October 31, 1929 The Frontier O'Neill, NE
Article from The Frontier, October 31, 1929

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Article Text

BANK RECEIVER WINS COURT DECISION case Security State bank Wakefield Soren and others was decided here Judge Ryan, partly of the receiver partly favor Anderson. held that the dwelling house and lot occupied Anderson other constituted the homestead Anderson his wife and not subject the claims the bank. The balance the block occupied Anderson, court decided, was subject judgment which the bank holds

9. October 31, 1929 The Walthill Citizen Walthill, NE
Article from The Walthill Citizen, October 31, 1929

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Article Text

VAKEFIELD BANK RECEIVER WINS COURT DECISION PENDER-(Special)-The case of Security State bank of Wakefield VS Soren Anderson and others was decided here by Judge Ryan, partly in favor of the receiver and partly n favor of Anderson. He held that the dwelling house and lot occupied by Anderson and one other lot, constituted the homestead of Anderson and his wife and was not subject to the claims of the bank. The balance of the block occupied by Anderson, consisting of 10 lots the court decided, was subject to the judgment which the bank holds

10. November 1, 1929 The Petersburg Index Petersburg, NE
Article from The Petersburg Index, November 1, 1929

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Article Text

VAKEFIELD BANK RECEIVER WINS COURT DECISION of Security State bank of Wakefield Soren Anderson and others was Ided here by Judge Ryan, partly favor the receiver and partly favor Anderson. He held that he dwelling house and lot occupied Anderson one other lot, constituted the homestead of Anderson his wife and not abject to the claims of the bank. The balance of the block occupied consisting of 10 lots court decided, was subject to judgment which the bank holds

11. April 20, 1930 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, April 20, 1930

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PONCA CITY PARK BEING IMPROVED BY LANDSCAPING Ponca, large crew men under direction Farrell, landscape gardener of Randolph, Neb., for several days has been preparing the new city park for planned the city council. Trees, hedge and shrubs have been planted. Farm Agent Is Chosen Chadron, In filling the office of county agricultural agent county, which has been vacant W. Biederresignation on January this year, county farm bureau employed the services Pierce, Mr. Pierce, has been work ing Keya Paha county five years, take over his duties later than July and hopes to arrange to here on Allen Bank Receiver Named Ponca, W. of this place, who had charge of the bank, Ponca, Citizens State bank and Farmers State bank deputy been put charge the Allen State bank, Allen, the Security State bank, Wakefield. deputy for the last banks, by the department trade and Fish Nursery Installed Oakdale, Johnson of Oakdale, this put nursery pond on their their Fish from the fish hatchery Spearfish, Johnsons are that will make their the best nursery ponds the state. Will Increase Phone Rates Lincoln, The Ames Creek company, Obert, has been granted permission to increase its present farm rates 10 cents June also ordered that dividends may be paid earnings, exceed per outstanding capital stock $4,000, until further order of the commission.

12. July 15, 1931 Osmond Republican Osmond, NE

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BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.

13. September 24, 1931 The Wakefield Republican Wakefield, NE

Article Text

SECURITY BANK ASSETS SOLD AT AUCTION The remaining assets of the former Security were sold at auction on Main street last Thursday morning by State Bank Receiver, Geo. I. Parker. In addition to number of local bidders who were interested in individual items, number of Norfolk, Pilger and Columbus bidders ran up the bids on the entire group of assets to A. E. Trowbridge of Columbus made the purchase which however must be confirmed by the court before the deal is completed. Mr. Trowbridge garage owner in Columbus.