Spencer State Bank (Spencer, NE)

Episode Information

Episode UID
76128471599
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7612847 routing
Routing Number
76-1284
Start Date
March 23, 1933
Location
Spencer, Nebraska (42.874, -98.701)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2c7e5bc4f736ad45

Response Measures

None

Description

Reorganized and freezing their old deposits is reported; likely part of the March 1933 banking holiday aftermath.

Events (1)
1. March 23, 1933 Suspension
Cause
Government Action
Cause Details
Reorganization and freezing of old deposits following the bank holiday and state banking department actions.
Newspaper Excerpt
The Spencer State bank ... had already reorganized, freezing their old deposits, so that no further restrictions at this time were necessary.
Source
newspapers

Newspaper Articles (3)
1. March 23, 1933 Butte Gazette Butte, NE

Article Text

Banking Affairs Are Returning to Normal Boyd County State Bank Is Temporarily Under 10% Restriction The county returned nearly to normal after the bank holiday ended and its effects subsided this week. The Boyd County State Bank of Anoka is temporarily under a restriction on withdrawals, which are limited to 10 per cent. The bank had its choice of several plans for immediate reopening and chose to protect its depositors by preventing any possible run on the bank after reopening. The state banking department may raise the restriction, or change it, at any time. The Spencer State bank and the Nebraska State bank of Bristow, had already reorganized, freezing their old deposits, so that no further restrictions at this time were necessary.

2. March 23, 1933 Butte Gazette Butte, NE

Article Text

The Spencer State bank and the Nebraska State bank of Bristow, had already reorganized, freezing their old deposits, so that no further restrictions at this time were necessary. The First National bank of Butte, the only national chartered institution in the county, was licensed to operate without restrictions, except for the withdrawal of gold or for hoarding purposes. Gold continues to return to the banks, in both coin and currency. The Boyd County State bank reported an amusing incident in respect to turning in gold. Two women, unknown in Anoka, returned gold certificates in the amount of $400, receiving other currency for it. They were careful not to divulge their identities or even show their license plates in front of the bank. Apparently they did not propose to deposit or invest the currency they had obtained.

3. March 23, 1933 The Spencer Advocate Spencer, NE

Article Text

Banking Returning to Boyd County State Bank Temporarily Under 10% Restriction The county returned nearly to normal after the bank holiday ended and its effects subsided this week. The Boyd County State Bank of Anoka temporarily under restriction withdrawals, which limited to The bank had its choice of several plans for immediate reopening and chose protect its depositors by preventing any possible run on the bank after reopening. The state banking department may raise the restriction, change any time. The Spencer State bank and the Nebraska State bank Bristow, had already reorganized, freezing their old deposits, that further restrictions this time were necessary. The First National bank of Butte, only national chartered institution the county, was licensed to operate without restrictions, except for the withdrawal of gold or for hoarding purposes. Gold continues to return to the banks, in both coin and currency. The Boyd County bank reportamusing incident respect to turning women, unknown Anoka, returned gold certificates the amount $400, receiving other currency for They were careful divulge their identities even show their license plates in front the bank. Apparently they did not propose to deposit invest the currency they had obtained.