11545. Butler County State Bank (David City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 17, 1931
Location
David City, Nebraska (41.253, -97.130)

Metadata

Model
gpt-5-mini
Short Digest
0cd62d5f04085b2a

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Aug 17, 1931) state the Butler County State Bank of David City 'failed to open' / voluntarily closed as a direct result of recent Omaha bank suspensions (funds tied up in failing Omaha banks). Assistant receiver for the Butler County State Bank was named Aug 22–23, 1931, indicating the suspension led to formal receivership/closure rather than a temporary isolated run or reopening.

Events (2)
1. August 17, 1931 Suspension
Cause
Local Banks
Cause Details
Officers voluntarily closed after their reserves/funds were deposited in Omaha banks (Union State Bank and South Omaha State Bank) which had recently closed, prompting the out-state banks to suspend.
Newspaper Excerpt
the Butler County bank of David City ... failed to open for business ... the closings were the result of recent bank suspensions in Omaha
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
J. C. Wisda, Ord, Butler County State bank of David City ... assistant receivers named for out-state banks ... E. H. Luikart ... is the receiver for all the closed state banks.
Source
newspapers

Newspaper Articles (12)
1. 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.

2. 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.

3. August 17, 1931 The Parsons Sun Parsons, KS
Article from The Parsons Sun, August 17, 1931

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Institutions Fail to Open Doors Today Neb., Aug. Nebraska state banks today failed their open doors for busiand Charles W. Bryan and Luikart, secretary the state department trade and said the closwere the recent Omaha. The banks total the First State bank PleasDale: the State bank Dwight; the Brinard State bank Bruno State bank Butler County bank Davis City and the Leigh State bank of Leigh.

4. 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.

5. August 17, 1931 The Stockman's Journal Omaha, NE
Article from The Stockman's Journal, August 17, 1931

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Six State Banks In Nebraska Close Doors Lincoln, Neb., August 17 banks, estimated $1,120,000 voluntarily their doors today. The closures, to Charles W. who for the State "direct result of the Omaha. Union State Bank of Closed today were the following state banking State Bank, Pleasantdale; State Dwight: BrainBrainard; Bruno State Bank, Butler County Bank, David City; Leigh State Bank,

6. August 18, 1931 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, August 18, 1931

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STATE BANKS FAIL WITH UNION Six Small Banks in Bohe. mian Communities Are Closed as Direct Result. Governor Bryan announced that small state banks morning result the closing of the State Bank of Omaha." Horacek the Union State Omaha. The banks closed Monday were: First State bank, Pleasantdale. Dwight State bank, Dwight. Brainard State bank. Brainard. Bruno State bank, Bruno. Butler State bank. David City. State bank Leigh. The that the officers financial structure these banks are follows: State deposits deposits vice president

7. August 18, 1931 The Morning Chronicle Manhattan, KS
Article from The Morning Chronicle, August 18, 1931

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SIX NEBRASKA STATE BANKS FAIL TO OPEN Blamed By Governor On Recent Bank Suspensions Deposits Of Over Million. Neb., Aug. Nebraska state banks today open their doors for business both Gov. Charles Bryan Luikart. secretary the state department trade said the the result recent bank in Omaha The six banks with total deposits are the First State bank Pleasant Dale: the Dwight State bank Dwight; Brinard State Bruno State bank of Bruno; Butler county bank Davis City, and the Leigh State bank Leigh.

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 Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, August 18, 1931

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Doors of Half Dozen Banks in Nebraska Closed to Public Lincoln, Neb.-(P)-Six Nebraska state banks Monday failed to open their doors for business and 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 $1,120,000. The banks were: The First State bank of Pleasantdale; Dwight State bank of Dwight; Brainard State bank of Brainard; Bruno State bank of Bruno; Butler County bank of Dav. id City, and 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 banks' funds. They said the Leigh State bank had its 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.

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.