11499. Columbus State Bank (Columbus, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 27, 1932
Location
Columbus, Nebraska (41.430, -97.368)

Metadata

Model
gpt-5-mini
Short Digest
8a7314a1cc83960a

Response Measures

None

Description

Articles show Columbus State Bank was turned over to the state banking department for liquidation (receiver E. H. Luikart) and was suspended by the department in late December 1932. There is no description of a depositor run; the bank is in liquidation with a receiver and dividend payments, consistent with a suspension leading to permanent closure/receivership.

Events (3)
1. December 27, 1932 Suspension
Cause
Government Action
Cause Details
Suspended by the state banking department (department action to reorganize/liquidate the bank).
Newspaper Excerpt
COLUMBUS BANK IS SUSPENDED TODAY ... suspended to reorganize, according the department ...
Source
newspapers
2. January 14, 1933 Other
Newspaper Excerpt
Columbus State Bank $20,900.46 or 5%, prior payments $250,805.63 or 60%. (bank dividends listed during liquidation).
Source
newspapers
3. * Receivership
Newspaper Excerpt
Appeals to Supreme Court--E. H. Luikart, as receiver for the Columbus State bank, appealed to the supreme court ... After the bank turned over to the state banking department for liquidation year ago, Miss Gross filed a claim ... The receiver resisted the claim, maintaining the bank was not liable.
Source
newspapers

Newspaper Articles (8)
1. February 24, 1932 The Columbus Telegram Columbus, NE
Article from The Columbus Telegram, February 24, 1932

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Article Text

Ends Cleveland's P. Control that compulsory unemployment insurance should be adopted by the several states,' in the and debated on the affirmative in the evening. Columbus debaters in the afternoon were Jack Gammel, George Becher and Ben Levine and in the evening, Hanson McElfresh, Gordon Axford and Miss Dorothy Loseke. Osceola debaters in the evening were Miss Jeanette Frazier, Bob Nuquist and Victor Herrmann. Mr. Nuquist, who also debated on the affirmative in the afternoon, was considered especially good by those who heard him. Favor Occupation Tax RepealA recommendation that the occupation tax ordinance of the city be repealed and that the city council take necessary steps to compel those delinquent on their taxes under this ordinance to pay the amount owed, up till the time of repeal, will be made by a special chamber of which met at the office of Secretary Windmiller Tuesday evening to consider the question. The matter will be taken up with the judiciary committee of the city council and City Attorney Joseph L. Jiranek, to whom the matter was recently referred by the council. Mayor Becher had previously proposed that the ordinance repealed. The meeting Tuesday evening was called by Sam Gass and attended also by Otto F. Walter, Edward M. Ragatz, H. H. Hahn, Jack Windmiller, H. H. Adams and City Attorney Jiranek. Discussion during the meeting indicated that those present were generally in favor of a repeal of the ordinance imposing an occupation tax. The judiciary committee and the city attorney are to report back to the council before Apr. Appeals to Supreme Court-E. H. Luikart, as receiver for the Columbus State bank, today appealed to the from decision filed by Judge F. W. Spear in district court few weeks ago in which he held that Miss Bertha Gross, Columbus high school teacher, is entitled to preferred claim for $145 against the assets of the bank, according to United Press dispatch from Lincoln today. The sum involved represented school district warrant which Miss Gross received in October, 1930, as salary for her services teacher. She endorsed it, sealed it in an envelop addressed to Lincoln bank and gave it to 15-year-old girl student to mail. Testimony showed that the girl, instead of mailing it, cashed at the Columbus State bank and spent the money. After the bank turned over to the state banking department for liquidation year ago, Miss Gross

2. March 3, 1932 The Colfax County Press and the Clarkson Herald Consolidated Clarkson, NE
Article from The Colfax County Press and the Clarkson Herald Consolidated, March 3, 1932

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Article Text

APPEALS TO SUPREME COURT E. H. Luikart, as receiver for the Columbus State bank, appealed to the supreme court from a decision filed by Judge F. W Spear in district court a few weeks ago in which he held that Miss Bertha Gross, Columbus high school teacher, is entitled to a preferred claim for $145 against the assets of the bank, according to a United Press dispatch from Lincoln today. The district warrant which Miss Gross received in October, 1930, as salary for her services as a teacher. She endorsed it, sealed it in an envelope addressed to a Lincoln bank and gave it to a 15year-old girl student to mail. Testimony showed that the girl, instead of mailing it, cashed it at the Colubbus State bank and spent the money. After the bank was turned over to the state banking department for liquidation a year ago, Miss Gross filed a claim for the amount against the assets of the bank. The receiver resisted the claim, maintaining the bank was not liable. Judge spear, after hearing the case last October, took it under advisement, giving counsel on each side time to file briefs on the law point involved. In his decision rendered several weeks ago, Judge Spear held that the warrant was a chattel rather than a negotiable instrument, that the bank was liable under the circumstances, and that the amount should have the status of preferred claim against. the assets of the bank. The receiver now carrying the case to the supreme court. Columbus Telegram.

3. July 28, 1932 The Columbus Telegram Columbus, NE
Article from The Columbus Telegram, July 28, 1932

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Article Text

SHERIFF'S SALE virtue of order sale By sued by Graf. Clerk of the Court of Platte County, upon decree rendered in said court in favor receiver Home Savings Bank of Cothe lumbus, Nebraska, receiver Columbus State Bank Nebraska. and receiver the Farmers State Bank of Platte Nebraska, against Albert Phillips, and for the the following described real estate The South one-third of the North Half Lot in Block No. of the original city Columbus, situate Platte County, Nebraska, with the right of easetogether ment ingress and egress and including benefits and burdens under contract with one Theodore all of which shown in the decree entered said court, will on the 9th day August, 1932, o'clock said the south front door the of said county, Columbus, Nebraska, sell said real estate public auction to the highest bidder for cash, satisfy decree, the amount due therethe aggregate being the sum plus interest said sums from October 1931, 10% Sheriff of Platte County.

4. December 27, 1932 Fremont Tribune Fremont, NE
Article from Fremont Tribune, December 27, 1932

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Article Text

COLUMBUS BANK IS SUSPENDED TODAY LINCOLN, Dec. Farmers suspended to reorganize, according the department Capital of the bank and the surplus William Bucher the institution and Boehm cashier. Examiner L. Hallstead charge. LINCOLN, Dec. of Chalco have liquidabank's assets, the department of trade and The dividend $8,992. First State bank Dale been paid cent dividend, amountto $6,329.

5. January 14, 1933 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, January 14, 1933

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Article Text

BANKING NEWS BANK DIVIDENDS State Bank of Cedar Bluffs was closed December 28, 1932. State Bank of Irvington to pay 10% or $2,169, second dividend. Columbus State Bank $20,900.46 or 5%, prior payments $250,805.63 or 60%. Bank of Ashton $12,475.12 or 4% January 3, 1933, prior payments $93,563.70 or 30% Allen State Bank $4,292.68 or 1.5% January 7, 1933. Prior payments $85,852.05 or 30% State Bank of Bee $3,610.93 or 5% January 11, 1933, prior payments $21,665.24 or 30% Farmers State Bank of Stapleton to pay $7,057.76 or 10% dividend as of January 3, 1933. Citizens State Bank, Geneva $11,339.97 or 3.5% December 31, 1932. Prior payments $65,896.85 or 20%. 12% paid during going bank period.

6. March 2, 1933 Arlington Review-Herald Arlington, NE
Article from Arlington Review-Herald, March 2, 1933

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Article Text

TEACHER LOSES $145 Lincoln, supreme court has denied rehearing in the case from Platte county where Bertha Gross, a Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail it. The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the money to her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.

7. March 2, 1933 Sumner News Sumner, NE
Article from Sumner News, March 2, 1933

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Article Text

TEACHER LOSES $145 Lincoln, Neb.-(Special)--The supreme court has denied a rehearing in the case from Platte county where Bertha Gross, a Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing a warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail it. The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the money to her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.

8. March 3, 1933 The Pender Republic Pender, NE
Article from The Pender Republic, March 3, 1933

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Article Text

TEACHER LOSES $145 Lincoln, supreme court has denied rehearing in the case from Platte county where Bertha Gross, Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the monto her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.