The Creston Statesman
Friday, February 4, 1921
Creston’s new modern bank building
The bank is a firm believer in reciprocity and felt that since they had prospered it was only right that they should do their part in the up-building of the community by erecting a home that would be a credit to the town and a real convenience to their patrons and to the public generally.
With this thought in view, they have erected one of the Most Modern and Up-to-date Bank Buildings in this part of Nebraska. It is of permanent construction and fire proof throughout, and faced with white Terra Cotta of a very artistic design. The building is 26×80 feet. The interior finish and fixtures are of the finest quality of Mohagany and Marble, with Marble floor in the lobby. The whole building is arranged with an idea to convenience, giving ample room for the clerical force of the bank and general public.
Some of the special features of this bank are as follows: A community room at the back of the building especially designed and arranged for the use of the public as a meeting place with access from an outside entrance, a ladies rest room at the right as you enter the building. They welcome all ladies of Creston and vicinity to enjoy its comforts. The Bank is equipped with a fire proof vault which fully protects all books and records, while funds, notes, bonds, monies, etc., are carried inside one of the latest patterns of burglar proof Manganese steel safes with triple time locks . . .
The bank merits the confidence of the people and that they have this confidence is abundantly testified by the fact that they have at the present time a very large volume of business. Of course all of their customers are protected not only by their honesty and ability of management, but by the Guaranty Fund of the State of Nebraska.
They want the community to feel that this is their bank and to feel that its conveniences and facilities are freely at their disposal, no matter whether they happen to be a customer or not.
They feel that they are too broad minded to draw any distinctions and want you all to feel perfectly free to come in, meet friends here, to make use of its facilities in any way. Of course they want all the business they can get, but they want this based on the idea of mutual service.
The Creston Statesman
Wednesday, June 3, 1931
Citizens State Bank Taken Over State Department
Doors closed at the request of Fred Rabeler on Monday
The Citizens State Bank was closed Monday afternoon when a sign was put on the door saying that the institution was being taken over by the state banking department. The order was signed by Virgil Lee, state bank examiner.
According to a dispatch from Lincoln Fred Rabeler, the present owner of the Creston bank, was in Lincoln Monday and requested the department of trade and commerce to take over the institution.
Creston people are unable to understand Mr. Rabeler’s reason for bringing this calamity to the community—a community whose fertile lands and prosperous landowners should be proof against a bank failure. Mr. Rabeler has not been at Creston since last Thursday and hence Creston people have no statement from him regarding the closing of the bank . . .
The closing of the bank is a severe blow to the entire community, whether depositors in the bank or not. While most people feel that a large percentage of the money in the bank will be paid back to the depositors, yet it will be tied up for some time.
A FEW LAMENTATIONS ON THE BANK FAILURE
Every bank failure has its attendant lamentations and the Creston bank flareup is no exception. After working hard all year to accumulate a sum of $150 with which to go to a Scout camp for 10 days vacation, our Girl Reserves find their money tied up in a failed bank. This is a great disappointment to these young girls.
The fund for the Presbyterian Bible school is tied up in the failed institution, but the faithful teachers who have offered their time for this work are going to carry on without funds.
The members of the Luther League purchased a piano recently which was to be delivered this week. Since their funds are now tied up in the failed bank with no hopes of raising the money, they are obliged to cancel the order.
One man that was shooting off loudly that he had lost $300 in the failure received a sarcastic reply from a bystander that if he had paid the folks in the community whom he owed, he would not have lost a cent.