Platte Valley State Bank (Scottsbluff, NE)

Episode Information

Episode UID
76104171600
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7610417 routing
Routing Number
76-1041
Start Date
April 6, 1933
Location
Scottsbluff, Nebraska (41.867, -103.667)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9c0f6ee54bb5a34b

Response Measures

None

Description

No article describes depositor run; bank was taken into state control and placed in receivership.

Events (5)

1. April 6, 1933 Receivership
Newspaper Excerpt
Mr. Jorgenson stated ... being assisted in auditing the accounts of the closed bank by Carter, also representative of the department of trade and commerce; deposits will be handled as trust funds after examiners in charge have made complete audit of the bank's accounts. (Platte Valley State bank closed and taken into control.)
Source
newspapers
2. April 6, 1933 Suspension
Cause
Government Action
Cause Details
State Department of Trade and Commerce/State bank examiner placed the bank in charge of the department and suspended business; sign placed on door and examiners to audit accounts.
Newspaper Excerpt
This bank has been placed in the hands of the department of trade and commerce and business has been suspended.
Source
newspapers
3. June 22, 1933 Other
Newspaper Excerpt
State Bank Receiver E. H. Luikart Wednesday started suit against the stockholders of closed Platte Valley bank this city, requesting that the former officials of the institution be required to pay the full amount of their liability. (Receiver suing stockholders.)
Source
newspapers
4. July 25, 1933 Other
Newspaper Excerpt
Charges of embezzlement were filed here late yesterday against Thomas Green, vice president of the failed Platte Valley State bank of Scottsbluff by County Attorney Clarke. (Embezzlement charges against an officer.)
Source
newspapers
5. October 1, 1934 Other
Newspaper Excerpt
Depositors of Platte Valley State Bank to Receive a Payment ... District Judge Carter authorizing the payment ... paid from the assets of the bank. (Court-authorized dividend/payment to depositors.)
Source
newspapers

Newspaper Articles (8)

Article Text

BUSINESS SUSPENDED; CLOSED DEPOSITORS ASK THAT BANK BE PLACED UNDER COMMERCE AND TRADE DEPARTMENT The Platte Valley State bank city has been over to the department of trade and commerce, requested by some of the depositors the institution and, in the future the bank's affairs be conducted under the management of that organ. sign was placed on the door Tuesday and the bank closed. The sign placed on the door, ed Jorgenson, state bank examiner, read: "This bank has been placed in the hands of the department of trade and commerce and business has been pended. It has been announced that posits placed the bank since the banking holiday will be handled trust funds, and believed such deposits will be after the examiners in charge have made complete audit of the bank's accounts. Mr. Jorgenson stated this week that he had received definite structions regarding the action to be taken in regard to deposits of this ture. Mr. Jorgenson Is being assisted the work auditing the accounts the closed bank by Carter, also representative the department of trade commerce. The institution, according to recent published notice, had deposits in the amount of $238,-


Article Text

LUIKART BRINGS AGAINST STOCKHOLDOF CLOSED BANK ASKS THAT FORMER OFFICIALS BE REQUIRED TO PAY FULL LIABILITY State Bank Receiver E. H. Luikart Wednesday started suit against the stockholders of closed Platte Valley bank this city, requesting that the former officials the institution required to pay the full amount their Three the holders, Carr, H. Neff and H. Davison, made pay, and were not named in the Luikart, bringing his case into district court Gering, charged the stockholders with having made transshares of stock for the pose of evading collection of the constitutional double liability. further alleged that transfers made when they knew the institution was insolvent. The petition points out that after the stockholders had pleted their transfers Robert guson of Lincoln was left the princiThe petition courts make accounting of the shares capital stock, to fix amount for which stockholder to require each to pay at date soon, or render collect from them. The liabilities of the bank are said to total while the ital stock has been divided 600 shares of $100 each. The following officials were named defendants the case: Green, Green trustee of the Platte Valley Investment company; Robert Ferguson, Robert Fer guson trustee; Ferguson comWilliam Ferguson; Richard Ferguson; Mae Everett; Mae Everett as executrix of the estate [Continued on page


Article Text

July 15 is Final Date For Filing Claims for State Bank Deposits As July 15 has been set for the final date upon which claims may be filed for deposits in the defunct Platte Valley State bank here, Receiver Charles Brown has announced that all depositors should file their claims as quickly as possible in order that they may be promptly attended to. Failure upon the part of the depositors to file their claims before the final day may result in some claims being disallowed, Mr. Brown states.


Article Text

E. H. Luikart, bank receiver, has brought suit against the stockholders of the defunct Platte Valley State bank at Scottsbluff for $100 per share. There are 600 shares


Article Text

SCOTTSBLUFF BANKER HELD AS EMBEZZLER Gering, July 25 (LP)-Charges of embezzlement were filed here late yesterday against Thomas Green, vice of the failed Platte Valley State bank of Scottsbluff by County Attorney Clarke, The charges included three counts involving $1,469. Individual amounts in the case are $172, $396 and $901. The defunct institution was taken over by the state banking department about three weeks after had been opened on restricted basis after the national banking holiday in March. The bank to date has paid five per cent dividend, Clarke said.


Article Text

Scottsbluff Bank President Faces Embezzling Charge Charges of embezziement, earrying three counts and involving were filed in the Scottsbluff county court Monday afternoon against Thomas L. Green, vice president the defunct Platte Valley State bank of Scottsbluff. The charges were by County Attorney Clarke. charges that Green anlawfully and feloniously embezzle and misapply" the banks funds, Individual amounts are $172, $396 and The bank opened restricted ba sis after the national in March, and about three weeks afterward was taken over the state banking department. Authorities said the bank to date has dividend.


Article Text

filed by Clarke, county attorney, in Scotts Bluff county court Monday against Thomas L. Green, official of the failed Platte Valley State bank at Scottsbluff. The amounts mentioned in the counts are respectively $172, $396 and $901. Scottsbluff drug stores will open o'clock in the morning and close at 10 o'clock in the evening on the first five days of the week; Saturdays they will open 8:00 and close at 11:00, and on Sundays they will and close at applications for beer licenses were granted by the Scottsbluff city council this week, effective August 10. Four were wholesale licenses, eleven for sale on premises, and the balance either off sale both. Most of the cafes, several of the drug stores and the hotels were given licenses. Bridge, science instructor and athletics coach at. Mitchell, who recently installed an amateur's short wave radio station, has been in communication with Myron Anderson, superintendent, Lincoln regarding school affairs. Mr. Bridge contacted Mr. Anderson through fellow amateur station operator at Lincoln. Word has been received by Congressman Terry Carpenter from Dr Elwood Mead, commissioner of the bureau reclamation, that the bureau has no funds available this year for the building of north side power line from Guernsey to Scottsbluff, nor will the extension from Gering eastward be constructed this year. strange disease afflicts man the general hospital in Philadelphia, Pa. He has been in there about three years, was over six feet tall when he entered and now is only two feet four inches. nurse, Miss Margaret Richert, chief dietician in the hospital, who is visiting in Nebraska City, reported the strange case. The annual Oregon Trail Days cele. bration held at Gering on Thursday and Friday of last week was largely attended by persons from over western Nebraska and Eastern Wyoming. It has been estimated that 40,000 people were in attendance during the celebration with some 25,000 people witnessing the parade Friday morning. George Busler, 14, son of Henry Busler of Lingle, lost his life drowning recently in created pool by waste water from the Lingle power plant. He went into the play and stepped into hcle. boy companion secured help but by the time the lad was removed from the pool he was dead. He could not swim. Carbon Mountain near Durango, Colo., which has been making front page news for several months by moving around, blocking rivers, etc. now begins daylight smoking, sending up clouds of brown smoke and rolling huge boulders down into ravines. Scientists studying it at close range declare spontaneous combustion of huge coal deposits are the cause.


Article Text

Depositors of Platte Valley State Bank to Receive a Payment Depositors the defunct Platte Valley State bank Scottsbluff will receive payment result of favorable being tak by District Judge Carter authorizing the payment which will amount Application order to pay the dividend which the third made, Satur by Luikart, bank receiver. Claims have been allowed valid by the court, paid from the assets the bank. Two payments cent each have been made by the the bank. and there now sufficient amount of cash hand pay third per cent, or as authorized