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Tag Archives: State Bank of Odell

Beatrice Owes the State Bank of Odell Nearly $300,000

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A Gage County District Judge ruled the City of Beatrice owes the State Bank of Odell $293,420 for failing to repay a loan it guaranteed by a Beatrice business. Blue Valley Automation held a promissory note with Beatrice in the amount of $200,000. District Judge Daniel Bryan Jr. ruled Beatrice owes the Odell bank money after the City guaranteed a ... Read More »

Loan Guarantee upheld in Gage County

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A ruling in Gage County District Court recently upheld a loan guarantee owed the State Bank of Odell by the City of Beatrice. The guarantee was on an equipment loan from the bank for Blue Valley Automation, a company that has since failed to repay, and gone out of business. The city contended that following extensions of the agreement, the ... Read More »