11701. Bank of Holbrook (Holbrook, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
February 1, 1932*
Location
Holbrook, Nebraska (40.305, -100.010)

Metadata

Model
gpt-5-mini
Short Digest
a3b1661700681a50

Response Measures

None

Description

Newspapers from Febโ€“May 1932 show the Bank of Holbrook had recently closed (Feb 1932) and committees sought to reopen it, but by May 1932 the state department announced dividends from liquidation of three failed state banks including the Bank of Holbrook. Thus the bank suspended and subsequently was closed/liquidated (receivership). OCR in one 1933 item shows an anomalous 1916 date; ignored because contemporaneous 1932 items indicate recent closure and liquidation.

Events (3)

1. February 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank had closed and entered into official process leading to liquidation under state authority (closed by state action/receiver); subsequently listed among failed state banks receiving liquidation dividends.
Newspaper Excerpt
PLAN TO RE-OPEN BANK Holbrook Feb. committee of working here towards the opening of the Bank of Holbrook The bank was closed recently ...
Source
newspapers
2. April 28, 1932 Other
Newspaper Excerpt
Prospects Are Good Altho no official announcement has been made, prospects are good for the re-opening of the Bank of Holbrook The committee in charge was in Lincoln last week and held conference with Mr. Woods of the state banking commission, and received encouragement.
Source
newspapers
3. May 11, 1932 Receivership
Newspaper Excerpt
PAY UP DIVIDENDS. ... Bank of Holbrook, Holbrook, $17,ten per cent, first dividend. ... dividends to depositors, from liquidations of assets of three failed state banks, were announced Tuesday by state department of trade and commerce.
Source
newspapers

Newspaper Articles (5)

Article from The Oxford Standard, February 18, 1932

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Article Text

PLAN TO RE-OPEN BANK Holbrook Feb. committee of working here towards the opening of the Bank of Holbrook The bank was closed recently but with the committee working the re-financing of the organization, believed that the institution will again in the near future.


Article from Holbrook Observer, April 28, 1932

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Article Text

Prospects Are Good Altho no official announcement has been made, prospects are good for the re-opening of the Bank of Holbrook The committee in charge was in Lin coln last week and held conference with Mr. Woods of the state banking commission, and received encouragement. department representative expected in Holbrook this week.


Article from Kearney Hub, May 11, 1932

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Article Text

PAY UP DIVIDENDS. Lincoln, Neb., May dividends to depositors, from liquidations of assets of three failed state banks, were announced Tuesday by state department of trade and commerce. The banks, amounts and per cent of dividends were follows: Hoskins State bank, Hoskins, Neb., $76,645.09, forty-five per cent, first dividend. Bank of Holbrook, Holbrook, $17,ten per cent, first dividend. County bank, houn, Neb., $8,068.73, seven per cent. Tune in on KGFW at 12:45 Wednesdays Saturdays and hear our organ program. Ira c. Anderson.


Article from Holbrook Observer, February 15, 1933

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Article Text

Personals and Claude tin, at Edison, February box and will supper program held Friday evening, February 17, Helen Cooper of Wellfieet, Nebr., spent with her parents, Mr. and Mrs. Cooper. and Mrs. Perry of Lincoln, spent Sunday with and Mrs. Orla Perry. Virgil Clarkson has been confined his home the past week with cold. Mrs. Milligan of Beaver City, who spent several days last week the home of her son, N. Milligan, returned to Beaver City Sunday. the Hanson school house, ten miles northwest of Holbrook. Teresa Sanders, teacher. The public invited. Mrs. Phillipson and Ambler are joint party this afternoon at the home Mrs. Phillipson. There will be special meeting the lodge afternoon, February full attendance desired. Ernest Stagemeyer lost two cows during the severe cold weather last week. The animals died from exposure and cold. The Club members entertained their husbands last Tuesday with an evening bridge, the home of Neel. Mrs. Bible the hostess. The Observer will reach its route patrons day next week on count of Washington's birthday on the 22nd, which legal holiday mail will not delivered on the routes. Mary and Mildred Banwell, Kee Samples and Leland Rogers visited Lottie O'dell's school last Thursday They took their dinners with them and spent the day. Miss Jane Banwell spent Monday McCook assisting Mr. Mason bank receiver, with with the Bank Holbrook. accompanied by her mother. The many friends of Orla glad to see about crutches. He has been confined to his home the greater part of the winter on account of infected foot. The Methodist Ladies' Aid will hold all day quilting today (Wednesday) the church. will be covered dish dinner and general invitation tended to who wish to attend. number of the members of the Royal Neighbor went the home of Mrs. Marie Hockemeler Tuesday evening surprised her. The hours were followed the serving of refreshments. Leonard and Lester Strickland left Monday morning for Annapolis, their They will be home John who attending school there. quite miles by the route they took, through Washington, Mr. and Mrs. Virgil Clarkson have had guests past week their niece, Mrs. Leo Graff and son Orleans. They were enroute home from Oxford, where the baby had confined for treatment for pneumonia. Graff arrived Monday to take them home. The Baptist kensington met with Mrs. Minnie Bowers last Thursday and despite the inclement weather, was attended. The ladies brought ered dishes and needless to say each contained something which much the delicious repast business meeting and John Lentz moved into town Monand with his family occupies Patton the west of town. The Lentz family has been the late Mollring residence west town. Mr. and Mrs. Scott of Beaver City, are going move onto the property soon as remodeling completed. On Thursday, February the meet the home Keyes annual busimeeting the Aid society, when committees be appointed for the ensuing year and given for the past This be preceded of the unit when ladies will the study Moccasin Indian legend.


Article from Holbrook Observer, February 15, 1933

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Article Text

FROM MARCH OBSERVER Work was begun on the digging of the for Frank Neel's residence last week. Holloway. having contract for the excavation. The carpenters commence work on the residence in few days, dimensions of which 26x44. Isham Pierson for the last two weeks has been installing engine plant his fine eight acre homestead the southeast part of irrigating the land. Lewis Henry thinks the plant proves success might also be available for to creating enough electricity to furnish light for our little city. SI Harlan living south of town purchased Ford car day last week. he won't have to take back seat for anybody now, as when he ready go any place he rely on his Ford get him there. He was demonstrating the old gal the streets Saturday and needless to say he can manipulate to perfection. Mr. and Mrs. Ole Simon, Mr. and McFadden went Cambridge the 25th inst. to spend the day with Simon and family being Mr. McFadden's birthday. We don't know how old he was on that but presume he must have passed the 60th milestone toward the great beyond. Mrs. Clifford Tull and little son Melvin came No. from Arapahoe Friday to visit her sister, Mrs. Stebbins. Her husband drove down and spent Sunday. They returned to their home north of Arapahoe Sunday evening. The Bank of Holbrook has stateof their bank close business February 24, 1916. This the that the bank has ever had for publication and the officers of this institution should be highly as well as the public the good that the bank making in this community. George Lathrop received the sad news Saturday that his only brohad died the 24th February in Woodward, Oklahoma. Mr. and Mrs. Rezin Sams bought the Bestwick farm Cambridge and will move in Druse of Cambridge, closed deal last week. Frank VanCleave, deputy county clerk, spent Sunday visiting relatives in this city, returning to Beaver City Monday morning.