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HOLDREGE BANK TO RECEIVER Dec. receiver be asked for the Phelps County Bank here and the assets of the bank it was cided meeting of group depositors with the bank commissioner, George W. Woods. Following the death of ickson, one the directors of the bank, the institution was closed the law requires that there be least resident directors. M. R. Beckord, of the state banking department, has been placed in charge of the bank until receiver can be appointed.
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State Bank at Ainsworth Is Liquidated In Full dation in full of the Citizens State bank, of Ainsworth, was announced yesterday by the state department of banking. All the bank were paid in full, the banking said by liquidation through the Commercial National bank Depositors of the Phelps County bank at Holdrege have received an initial dividend from liquidation of assets of the in the sum of $26,021, 10 per cent of deposits Depositors of the Sargent State bank have received per cent dividend, amounting to $5,115, the banking department announced. According to Secretary Luikart of the banking department, dividends will be paid from liquidation of assest of failed banks at the rate one per day during the remainder of
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A. M. Strunk of Holdrege was in Orleans Tuesday Booking after busilness matters of the failed State Bank of 0 leans, as assistant receiver. Mr. Strunk is alo assistant receiver for the Phelps County bank which failed in business about a year ago.
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FAILED BANKS GET R. F. C. CASH LOAN Washington, May 24. (P)-Receivers of closed Nebraska banks were' authorized to borrow $2,022,653.43 from the Reconstruction Finance corporation between February 2, 1932, and May 18, 1934, Jesse H. Jones, chairman, reported today. The largest individual loan authorized in Nebraska was $175,000 to the Farmers State Bank of Columbus. The Farmers State Bank of Kearney borrowed $141,750. and the Norfolk National bank received $130,000. Besides the loans to closed bank receivers, the RFC also authorized a loan of $50,000 to the Fremont Mortgage company. The table of loans to closed bank receivers includes Auburn. First National Bank of Auburn. $26,000 First National Bank of Auburn. $23,000. Aurora. Fidelity State Bank, $49,675. Columbus, The Commercial National Bank Columbus, $60,000; Farmers State $175,000. Fremont, The Union National Bank of Fremont, $85,000. Holdrege Phelps County Bank, $50,000. Hooper, Hooper State Bank, $40,000. Litchfield, The First National Bank of Madison. The First National Bank of Madison, $83,000. McCook Farmers & Merchants State Bank, $26,000. Norfolk, The Norfolk National Bank, $130,000 Platte Center, Platte County Bank, St. Edward The Smith National Bank of St. Sterling, First State Bank. $31,000. West Point. The Point National Bank, $50,000; West Point National Bank,