CEDAR COUNTY, NEBRASKA - MASKELL STATE BANK CLOSES LAST MONDAY
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CEDAR COUNTY NEWS FEB 1, 1923

MASKELL STATE BANK CLOSES LAST MONDAY
“FROZEN” LOANS ARE SAID TO HAVE CAUSED THE TROUBLE FORCING IT TO CLOSE

"Frozen” loans and former affliations with the Newcastle bank which 
went under some time ago caused the Maskell State Bank to close its 
doors last Monday morning, State Bank Examiner P.L. Zuelow taking the 
steps necessary for that action.

Such action has been anticipated for some time by men familiar with 
banking affairs, as the failed Newcastle bank, and the Maskell bank 
were closely allied.  A number of poorly secured loans were held by 
Maskell Bank and were largely responsible for its failure.  The 
deposits of the bank are said to have totalled $200,000 and it was 
capitalized at $20,000.

Officers of the Maskell bank are A.H. Maskell, president, J.P. 
Whitemore, vice president, T.H. Elliott, cashier and O.N. Lukken, 
assistant cashier.