11420. Brainard State Bank (Brainard, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 17, 1931
Location
Brainard, Nebraska (41.184, -97.004)

Metadata

Model
gpt-5-mini
Short Digest
2237157167cbb14a

Response Measures

None

Description

Multiple contemporary articles (Aug 17, 1931) report the Brainard State Bank as one of six Nebraska state banks that failed to open (voluntarily closed) following recent suspensions in Omaha. State officials described the closures as a protective, voluntary action by officers. Later (Aug 22-23, 1931) assistant receivers were named for the Brainard State Bank, indicating it entered receivership and did not continue normal operations. A June 1932 report shows depositors receiving a partial payment, consistent with winding up under receivership.

Events (2)
1. August 17, 1931 Suspension
Cause
Local Banks
Cause Details
Officers voluntarily closed the bank as a protective measure, explicitly stated to be the result of recent bank suspensions in Omaha (distress of other local banks).
Newspaper Excerpt
Six Nebraska state banks today failed to open their doors for business ... the Brainard State Bank of Brainard
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
Governor Bryan today announced the appointment of the following assistant receivers ... the Brainard State Bank at Brainard: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard (in charge).
Source
newspapers

Newspaper Articles (16)
1. August 17, 1931 Baker City Herald Baker City, OR
Article from Baker City Herald, August 17, 1931

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OHIO, NEBRASKA BANKS FAIL TO THIS M. Toledo Failures Total $100,000,000; Loan Ass'ns. Suspend Toledo banks with combined sources of more than failed to open for business this morning while 11 seving associations ceased payments of deposita during the present financial In accordance with the request of directors of the four institutions, the state banking department prepared to take over their iffairs conserve assets in the face of previous stendy withdrawals by des positors The action of directors Lies up for an indefinite period more than ity-Home Trust company. a fifth bank which closed about months ago had about $20,000,000 if deposits: the Ohio Savings Bank and Trust company almost the Commercial Savings Bank and Trust company 466,000. and the Six Nebraska state banks failed to open for business today. Governor Charles W Bryan and E. H. Lulkart. secretary of the state department of trade and commerce. said the closings were the result of Yecent bank suspensions in Omaha The six banks had total deposits of approximately $1,180,000 They were the First State bank of Pleasant Dale: the Dwight State bank of Dwight the Brainard State bank of Brainard the Bruno State bank of Bruno: the Butler County Bank of Davis City, and the Leigh State bank of Leigh building and associations of Akron and Cuyahoga Falls today served their depositors with notice of temporary suspensions of withdrawals. The companies involved carry bright. secretary of the largest, today said The step is taken for the purpose of protecting the de positors. There is no question of insolvency

2. August 17, 1931 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, August 17, 1931

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SOUTH DAKOTA VISITED BY FOWLER McCORMICK Fowler northwest district manager of the International Co. and member noted for harvesting spending few South Dakota survey farm Tuesday and Cogdell local tional his tour They visited Winner and Martin, and then the Black tour take in all sections of the state. NEBRASKA BANKS CLOSE Aug. Nebraska state banks today failed open doors for The the result of cent bank in Omaha, The six banks had total deposits banks are the State bank Pleasant Dale: the Dwight bank Dwight: Brainard bank of Brainard: Bruno State State bank Bruno: the Butler County bank David City, and the Leigh State bank Leigh Two of the fastest motor have been to the Wales. is said to out Prince for racing records.

3. August 17, 1931 The Journal Times Racine, WI
Article from The Journal Times, August 17, 1931

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6 Nebraska Banks Fail To Open Doors Today LINCOLN, Neb., Aug. 17.-(P)- Six Nebraska state banks today failed to open their doors for business and both Gov. Charles W. Bryan and E. H. Luikart, secretary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The banks are the First State bank Pleasant Dale. the Dwight State bank of Dwight, Brainard State bank of Brainard: the State bank of Butler County bank of Davis City, and the Leigh State bank of

4. August 17, 1931 The Evening Sun Baltimore, MD
Article from The Evening Sun, August 17, 1931

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6 SMALL NEBRASKA First Family Of China BANKS FAIL TO OPEN Meets At Mother's Bier Closings Are Called Result Of Suspensions In Omaha Nebraska State banks failed to open for business today. Gov. Charles W. Bryan and E. H. Luikart, Secretary of the State Department of Trade and Commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,180,000. They were the First State Bank, of Pleasant Dale: the Dwight State Bank of Dwight; the Brainard State Bank, of Brainard: the Bruno State Bank. of Bruno: the Butler County Bank. of Davis City, and the Leigh State Bank. of Leigh. Four Ohio Banks Remain Closed Toledo banks with combined resources of more than failed to open for business this morning. while eleven saving associations ceased payments of deposits during the present financial In accordance with the request of directors of the four institutions, the State Banking Department prepared to take over their affairs to conserve assets in the face of previous steady by depositors. City police and detectives, acting under orders of Police Chief Haas, patroled the banking districts in preparation for any public emergency. Meanwhile there was pending meeting between Mayor W. T. Jackson and Adj-Gen. Frank D. Henderson. Columbus, commanding the Ohio National Guard. Late Saturday, directors announced closing of the Commerce Guardian Trust and Savings Bank. the Ohio Savings Bank and Trust Company and the Commercial Savings Bank and Trust Company Yesterday, in the wake of these announcements, came word from directors of the fourth institution. the American Bank, State bank. that it would be forced to close its doors also because its reserves were tied up in two of the banks suspending operaIt was indicated that conferences relative to reorganization may be started within week or ten days. Three Famous Daughters, Two Distinguished SonsIn-Law And Three Sons Gather To Mourn Death Of Mother-In-Law Of Revolution Family' one of their rare reunions in Shanghai tonight This time they gathered around the bier of their mother. Mme. K. T Soong. sometimes referred to as the mother-in-law of the Chinese revoluMme. Soong died in Tsingtao July 23 shortly after receiving word of the attempted here of her son, T. V. Soong. vice-chairman Finance Minister of the Chinese Nationalist Government. The gathering was completed late today with the arrival of Chiang Kaishek, head of the Nationalist Government, from Nanchang to attend the two-day funeral. Chiang Kai-shek is son-in-law of Mme. Soong. Mme. Soong numbered in her family three famous daughters, two distinguished sons and three sons all of whom. gathered at the bier. emphasized how the object of their mourning had wielded an influence on modern China such as few women have exercised in any nation in his- Besides President Chiang Kai-shek ter of Mme. Soong and widow of the founder of the Chinese Republic: Mme H. H. Kung. another daughter and wife of the Nationalist Minister of third daughter: T. V. Soong. Minister of Finance and vice-chairman of the Nationalist and younger sons, T. L. Soong and T. N. Soong. who hold minor Government positions. Daughter Returns From Exile Mme. Sun Yat-sen returned from voluntary exile in Europe to attend the funeral and thus temporarily rejoined the kinsmen from whom she had been politically and spiritually estranged since Today's rites at the Soong home included Christian service. Mme. Soong was a Christian. and reared six children in that faith. It was in her home and largely under her influence that Chiang Kai-shek last year was baptized in the Methodist Episcopal Church South. Mine Soong had been widow since 1928. She will be buried tomorrow. Banking and Insurance. Mr. Bristow said the closing was ordered to protect the depositors of the bank. which capitalized at $250,000. In separate announcement today it was stated that the Richmond Trust Company here had been acquired by the American Bank and Trust Company of Richmond. Officers of the Richmond Trust Company were interented in the Hopewell bank. but the ansaction did not involve the latter institution. it was stated.

5. August 17, 1931 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, August 17, 1931

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Six Small Nebraska Banks Fail to Open Lineoln, Nebr. small Nebraska state banks failed to open for business today. Gov. Charles W. Bryan and E. K. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of $1,120,000. They were the First State bank of Pleasant Dale: The Dwight State bank of Dwight, The Brainard State bank of Brainard; The Bruno State bank of Bruno; The Butler County bank of David City, and the Leigh State bank of Leigh.

6. August 17, 1931 The Grand Island Independent Grand Island, NE
Article from The Grand Island Independent, August 17, 1931

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SIX SMALL BANKS Lincoln, Neb., Aug. braska state banks today failed open their doors for business and both Governor Charles and Luikart, secretary of the state department of trade and commerce, the closings were the result recent bank suspensions in Omaha six banks had total deposits of approximately $1,120,000. The banks are the First State Bank Pleasant Dale; the Dwight State Bank of Dwight; the Brainard State Bank Brainard: the Bruno State Bank Bruno; the Butler County Bank David City, and the Leigh Bank Leigh. Bryan and Luikart said officials the banks decided to close them that the would have greater chance of sharing equally the banks' funds. They said the Leigh State bank had its reserve funds deposited the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State Bank of Omaha which closed last week. Officers and of the suspended banks by the First State of Pleasant Dale, posits about $140,000; Horacek, cashier. Dwight State bank, deposits about $180,000; Novak, president; Tomes, cashier. Brainard State bank, deposits about $280,000; Davis, president; Fred Sennin, vice president; Proskovec, cashier. Bruno State bank, deposits about Rohn, Tomek, president; Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, Leigh State bank, deposits about with balance. Vlach, Lee Vlach, acting sioner, said that to up the Nelson, cashier. claims

7. August 17, 1931 North Platte Daily Telegraph North Platte, NE
Article from North Platte Daily Telegraph, August 17, 1931

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SIX NEBRASKA BANKS FAIL OPEN DOORS Lincoln, .Aug. 17, Nebraska state banks today failed to open their doors for business and both Governor Charles W. Bryan and E. H. Luikart, secretary of the State Department of Trade and Commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately 000. The banks are the First State bank of Pleasant Dale; the Dwight State bank of Dwight; the Brainard State Bank of Brainard; the Bruno State bank of Bruno; the Butler State bank of David City, and the Leigh State bank of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all of the depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State had greater chance of sharing equally in the banks' funds. They said the Leigh Sate bank had it reserve funds deposited in the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State bank of Omaha which also closed last week. OFFICERS, DEPOSITS: Officers and deposits of the six suspended banks as announced by the governor: First State of Pleasant Dale, deposits about $140,000; F. Horacek, president; L. A. Horacek, cashier. Dwight State bank, deposits about $180,000; J. Novak, president; G. J. Tomes, cashier. Brainard State bank, deposits about $280,000; C. J. Davis, president; Fred C. Sennin, vice president; J. A. Proskovec, cashier. Bruno State bank, deposits about $140,000; Rohn, presiTomek, vice president; A. V. Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, cashier. Leigh State bank, deposits about $200,000; F. Vlach, president; W. A. Vlach, acting vice president; E. M. Nelson, cashier.

8. August 18, 1931 The San Bernardino County Sun San Bernardino, CA
Article from The San Bernardino County Sun, August 18, 1931

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Six Small Nebraska State Banks Closed Associated Press) Six small Nebraska state banks failed open today Governor Charles Bryan and E. H. Luikart retary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits approximately 180,000 They the First State bank of PleasDale the Dwight State bank Dwight the Brainard State bank Brainard Bruno State bank Bruno. the Butler County bank of Davis City, and the Leigh State bank of Leigh.

9. August 18, 1931 The Omaha Morning Bee-News Omaha, NE
Article from The Omaha Morning Bee-News, August 18, 1931

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SIX NEBRASKA BANKS CLOSE LINCOLN, Aug. 17, Nebraska state banks failed to open their doors for business Monday, and both Governor Charles W. Bryan and E. H. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,120,000. They are the First State bank of Pleasant Dale, Dwight bank of Dwight, Brainard State bank of Brainard, Bruno State "bank of Bruno, State bank of David City and the Leigh State bank of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the bank's funds. They said the Leigh State bank had its reserve funds deposited in the South Omaha State bank which closed last week, and that the other five banks had funds on deposit with the Union State bank of Omaha. which also closed last

10. August 19, 1931 Osmond Republican Osmond, NE
Article from Osmond Republican, August 19, 1931

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SIX STATE BANKS SUSPEND BUSINESS Omaha Unrest Is Blamed Six state banks, having deposits estimated to aggregate $1,120,000 voluntarily closed their doors Monday. The closures, according to Governor Bryan who spoke for the state banking department, were "a direct result of the closing of the Union State Bank of Omaha." Closed Monday were the following state banking institutions: First State bank, Pleasant Dale. Dwight State bank, Dwight. Brainard State bank, Brainard. Bruno State Bank, Bruno. Butler County State bank, David City. Leigh State bank, Leigh. The closures announced Monday brought to a total of 10 the number of state banks which have closed their doors within as many days. All of the suspensions were said to have been brought about by the failure last Monday of the State Bank of Omaha, and the subsequent closing of Omaha's other three uptown state banks. Banking officials Monday expressed belief there would be little loss to depositors in the closures announced. They were voluntary, it was pointed out, and represented an attempt of banking officials to protect their depositors. ufacturing company last week, arrested four persons and confiscated 1,250 gallons of "liquid malt." The plant was located in the old Jetter Brewing company building. charges were filed, not because the liquid malt was sold but because an agent of the company told undercover men how to proceed to transform the malt into beer with a 4 to 8 per cent "kick." Hellerman said his company sold the malt in strictly legitimate channels and that he was not responsible if some persons took advantage of it and made beer of it by adding yeast and sugar. The malt is indispensable to bakeries and other legitimate users, he said. Those arrested were Hellerman and Carl Haase, shipping clerk, Miss Selma Kamrath, bookkeeper, and James Novak, brewmaster. Ten agents took part in the raid. Books of the company showed the malt had wide distribution throughout the state. The Jetter Brewing company quit operating some years ago and the Magic company rented a part of its building.

11. August 23, 1931 Omaha Sunday Bee-News Omaha, NE
Article from Omaha Sunday Bee-News, August 23, 1931

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HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.

12. August 23, 1931 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, August 23, 1931

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Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.

13. August 25, 1931 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, August 25, 1931

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VETERINARIAN Given to Sick Serum Man but Death Comes Frank Lynch, Suvverkruble, veterinary living near Neb., dead of anthrax. Dorsey, had been given serum but He his condition was very serious from the start. He sick for five days. CLOSED BANK RECEIVERS ARE CHOSEN BY BRYAN Lincoln, Special: Gov. Bryan announced appointment following receivers recently failed state banks:! H. Reif. Bloomfield, Liegh State bank, Leigh: Brozek, Chadron, Bruno State bank, Bruno, and Bank Brainard, Hall, Lincoln, State bank Omaha; Barak, South Omaha State bank; Haase, Norfolk, Farmers Merchants, M. Whalen, Lincoln. First state bank, PleasantButler county state David City: E. Schuyler, Dwight State bank, Dwight: Lad, Lincoln, state examiner in charge of Union bank, Omaha. Secretary Luikart of the 5ment of trade and commerce, receiver all failed state banks and appointees serve his assistants. Gov. Bryan said was the policy of the department trade commerce to use the most efficient on the staff rather than to make political appointments. FLORIDAN ORDERS COYOTES FROM NEBRASKA RESIDENT paper publicity does pay, in the opinion of Edward Winkler. man residing Verno Beach, Fla., dered two baby coyotes from him after reading of coyote captures. According trouble should be experienced in filling the order. TIN CAN POISONING IS FATAL TO SEVERAL PIGS Emmett, D. H. Bennett O'Neill diagnosed affliction that killed several pigs the Guy Beckwith ranch tin poisoning. Buttermilk had been allowed stand several days. Acid forming the milk thought to have corroded the tin.

14. September 17, 1931 The People's Banner David City, NE
Article from The People's Banner, September 17, 1931

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COUNTY EXCHANGES Rising City Independent The Morgan children were all home over the week end and a delightful family reunion was enjoyed in the parental home. On Wednesday evening the Rising City band played their last concert for the year. The boys have been very faithful during the summer and have entertained hundreds of people at their Wednesday evening programs, who will recall with pleasure the evenings spent in listening to the splendid music. Rising City boasts of having a progressive town board, who watches for and makes needed improvements as finances will allow. At the last meeting they decided to grade and gravel the street to the school house, which will be one of the best and most needed improvements that could be made. Mr. and Mrs. Chas. Babb, Dick and Doyle and Max Shrader were Columbus visitors Sunday. While there they were guests of Charles Miller for an airplane ride. The three boys "got a thrill" they will not forget for a long time. What could boys enjoy more than a trip in the air? Brainard Clipper While Mr. and Mrs. Rudolph Osmera were at a party in Brainard Monday evening, someone stole about fifty of their silver lace Wyandotte chickens. John Piitz threshed the crop of alfalfa seed, Tuesday, which his brother-in-law Anton Schmitz, had harvested from about 3½ acres. He tells us that the seed was excellent quality and the yield 38 bushels, or 11 bushels per acre. With the price about $10 per bushel this patch of alfalfa will net Anton a nice piece of money. Joe Pekarek was rather skeptical of Andrew Behne's claim to a stalk of corn with six ears thereon and when Andrew took him out to prove it they discovered one that had ten ears on it. The ears, however, are about like the extra legs usually found on freak many-legged animals most of them being merely a start of an ear with a small cob and a little silk. John Kugler Jr. returned home Tuesday evening after nine months service in Uncle Sam's army, during which time he was stationed at Ft. Logan, Colo., and in the Hawaiian Islands. John says he has had enough army life to satisfy him for time. Considerable effort has been put forth by the former officers and directors of the Brainard State Bank and other persons interested in the re-organization of that institution and we are reliably informed that the prospects are quite promising. The re-opening of the Union State Bank of Omaha seems to be practically assured, anl its opening would release the money which our local has on deposit there and materially assist with re-organization. Bellwood Gazette Miss Mabel Graves, daughter of Mr. and Mrs. Virgil Graves, was united in marriage to Mr. Joseph Keller at Schuyler, on Wednesday. Mrs. J. Carpenter who has been seriously ill since being removed last Thursday to the home- of "her daughter, Mrs. Cecil Hall, is reported now slowly improving. Miss Gussie Kircher, who has been spending the summer with her broter, Joe Kirchner and family at Alliance returned home Monday. She also visited her sister, Mrs. A. Janicek, and family at Kimball. The Dist. 13 L. F. B. club ladies treated their husbands and families to a pienic at Pawnee park last Sunday. A general pienic dinner was served at noon to which all did full justice. The afternoon was pleasantly spent in visiting. All but three families were present.

15. June 2, 1932 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, June 2, 1932

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POISON BRAN REQUIREMENT State to Require Adherence to Standard Formula. D. F. Felton, deputy secretary of agriculture, announced Wednesday the state would require producers of a poison bran mixture for combatting grasshoppers to adhere rigidly to the formula prescribed by the department. Felton said it was necessary to abide by uniform formula if the state expects to attain maximum results in its second year's cam paign against the insects. He ex pected little difficulty, he said, in enforcing the order. The ingredients demanded by the state are: Flaked wheat bran, free of shorts, 100 pounds; arsenic, crude or white, containing 98 percent arsenic trioxide, 5 pounds: black-strap molasses, cane, two gallons The state also will require that the arsenic shall be mixed with the dry bran, the molasses added hot, and all ingredients mixed thoroly before sacking Felton said the following substitutes would not be tolerated. sodium arsenate, black arsenic cattle molasses from beet sugar factories; peanut hulls, mill sweep ings or other bran substitutes. This mixture, Felton said, also has the approval of the entomologists of the state university. bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers C. Ruigh, president: William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent $99,679 to depositors of the Merchants State bank of Winside, being first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first/ payment.

16. June 18, 1932 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, June 18, 1932

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FEDERAL COURT NEW CASES In re Jacob Horacek of Brainard, Luikart recvr Brainard St Bk allege creditors of $6377.75 & asks for invol pet in bankruptcy, W A Crossland, J J Thomas In re Eric J Erickson merchant of Wahoo, vol pet in bankruptcy, assets $7587 but $650 exempt, debts $8696.17 ord adj, Hendricks & Kokjer Prudential Ins Co V Frank H Kreifels et al mtg foreclosure on land in Otoe Co, Perry, Van. Pelt & Marti, Q Joyner In re Edw Kulla of Lincoln, vol pet in bankruptcy, assets $100 and all exempt, debts $696.51 ord adj, Lloyd E Chapman In Jones Mtr Co of Talmage same, assets $3651.08, debts $2,814.73 ord adj, Mueller & West In re Clarence E Wilson mgr Red Feather Stamp Co Lincoln vol pet in bankruptcy, assets $876.98 & all claimed exempt; debts $2392.30, ord adj, Wm Niklaus, J E Mockett In re Delorma M Douthett Lincoln Contin Nat Bk & Edw J Offer pet for invol bankruptcy, Beghtol & Foe, J Lee Rankin, Frederick J Patz Della J Tait V U S A ins benefits $8895.25, M M Schmidt-affi & ord to file pov affi In re General Automotive Co, garage & machine shop of Lincoln vol pet in bankruptcy, schedules not filed, ord adj, John Jacobson