11725. First National Bank (Humphrey, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
5337
Charter Number
5337
Start Date
February 7, 1930
Location
Humphrey, Nebraska (41.692, -97.484)

Metadata

Model
gpt-5-mini
Short Digest
2b0a1e56e4d39ff2

Response Measures

None

Receivership Details

Depositor recovery rate
76.6%
Date receivership started
1930-01-30
Date receivership terminated
1937-02-23
OCC cause of failure
Governance
Share of assets assessed as good
47.0%
Share of assets assessed as doubtful
34.9%
Share of assets assessed as worthless
18.2%

Description

The articles describe the First National Bank of Humphrey being placed in receivership (receiver George B. Cronkleton in charge in early Feb 1930) and subsequent liquidation actions and lawsuits. There is no description of a depositor run in the provided clippings; the bank was closed and liquidated (receivership), with dividends paid later. I therefore classify this as a suspension leading to permanent closure. Dates are taken from article publication dates when specific days are given.

Events (9)

1. May 7, 1900 Chartered
Source
historical_nic
2. January 30, 1930 Receivership
Source
historical_nic
3. February 7, 1930 Receivership
Newspaper Excerpt
Geo. B. Cronkleton arrived here the latter part of last week to take charge of the First National bank as receiver. He will be assisted by S. B. Coombs. The gentlemen have been busy checking up the affairs of the institution but no statement has been given out for publication.
Source
newspapers
4. February 7, 1930 Suspension
Cause
Government Action
Cause Details
A federal receiver (George B. Cronkleton) was appointed and took charge of the bank, indicating closure and placement in receivership.
Newspaper Excerpt
Geo. B. Cronkleton arrived here the latter part of last week take charge of the First National Bank as receiver.
Source
newspapers
5. October 2, 1930 Other
Newspaper Excerpt
Bank Receiver Wins Humphrey Judgement George Cronkelton, receiver for the First National Bank of Humphrey with headquarters at Coleridge, won a favorable verdict in a judgement of over $6,800 against F. C. Braum of near Humphrey in federal district court at Norfolk last week.
Source
newspapers
6. January 12, 1931 Other
Newspaper Excerpt
George G. Cronkleton, receiver the First National Bank of Humphrey, Neb., John Johnson. Attachment.
Source
newspapers
7. August 13, 1931 Other
Newspaper Excerpt
Cronkleton, receiver of the defunct First National bank Humphrey, filed suit last week federal district court Omaha against directors the Humphrey institution. The suit filed of mismanagement of the banking affairs...
Source
newspapers
8. October 14, 1931 Other
Newspaper Excerpt
The First National here being the largest the group... declared that he now has several assistants working with intimated that more may be secured... move headquarters Hastings. Cronkleton has been acting National Bank Receiver middle west ten years.
Source
newspapers
9. May 11, 1932 Other
Newspaper Excerpt
Depositors of failed national banks at Humphrey and at Elgin will soon receive dividends which make the total thus far paid out on each of the banks over 70 per cent.
Source
newspapers

Newspaper Articles (8)

Article from The Humphrey Democrat, February 7, 1930

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Article Text

Receiver in Charge of First National Bank Geo. B. Cronkleton arrived here the latter part of last week take charge of the First National Bank as receiver. He will be assisted by Coombs. The gentlemen have been busy checking up the affairs of the institution but no statement has been given out for publication.


Article from Neligh Leader, February 14, 1930

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Article Text

W. H. Illian of Albion, for three terms state senator from this district, died at his home in Albion last week after a long illness. Farmers in the vicinity of Stanton cut 270 tons of ice from a lake near there and stored it for use on the farms next summer. The Nebraska State bank of O'Neill closed Tuesday morning. The city still has two strong banks. The closed bank was a small one, compared with the two others in the city. In the absence of a bank in Meadow Grove, the merchants of that place have banded together and by an arrangement with a Battle Creek bank are able to cash and handle checks. Clearwater Record: B. M. Macauley while starting his car in a closed garage Wednesday morning was overcome by monoxide gas. His wife discovered his condition and got him in the house where he soon recovered from the effects of the poisonous fumes. Humphrey Democrat: Geo. B. Cronkleton arrived here the latter part of last week to take charge of the First National bank as receiver. He will be assisted by S. B. Coombs. The gentlemen have been busy checking up the affairs of the institution but no statement has been given out for publication. Elgin Review: Epolit Beelart brought to the Review office this week a Bible which was, printed at Louvain, Belgium, in January, 1599, and which has now been in existence 331 years. It has been passed down from one generation to another, but it is still in very good shape and should be good for many more years. This Bible was brought to America by the great-grandmother of Mr. Beelart, and was then passed down through several \more generations to its present owner. An interesting feature of the book is the unusually strong binding and heavy cover. Tilden Citizen: Cary Cunningham had a narrow escape from death last Thursday from inhaling gas escaping from a gasoline engine. Mr. Cunningham was assisting his wife with the family washing. They were working in the wash house with the doors closed while the gas engine furnished the power to run the machine. Mrs. Cunningham first complained of dizziness and a queer feeling. Mr. Cunningham persuaded her to go to the house and lie down while he remained to finish the washing. In a short time ho began to feel dizzy and opened the door to get fresh air. He sat down on box near the door and a moment later fell back over the box unconscious. It was thus his sons found him. They carried him outside and finally succeeded in partially resuscitating him. He was taken to the house and a physician called, who soon had him on the way to recovery. Mr. Cunningham is not anxious to repeat his experience and will hereafter see that there is plenty of ventilation while the gas engine is working. Elgin Review: A cigarette stub or lighted match carelessly thrown into a waste paper receptacle in the men's toilet room at the court house resulted in a blaze one day last week that might have caused heavy damage. The fact that the waste paper receptaele was a large ton container is probably what saved the county from another bad fire. The absence of ventilation from the bottom of the container forced the fire to work from the top down and so it did not get a very brisk start. Just the same the wall above the container was scorched and had it been an open wicker basket the results might have been different. The incident ought to serve as warning to cigarette users not to throw away their cigarette stubs and matches with reckless disregard for porperty. Niobrara Tribune: A flock of five meadow larks decided to stay all winter with us this winter in spite of the severe cold and snow. Probably they have a homestead somewhere along the river bluffs or bottoms and did not want to run the risk of contest. Or maybe since the meadow lark has become the state bird they are demonstrating their right to the title by staying in the northernmost limits of the state. Anyway they are here and have slept, or roosted I guess they call it or possibly perching for somnolent recreation, in a shed at the eastend of town and on bright days they are seen perched on the haystacks in Wm. Marshall's hay meadow. They are very quiet and philosophical in their demeanor now and do not venture to perch upon a fence post and warble their full-throated notes as is their custom later in the spring. Ewing Advocate: William F. Pollock called at The Advocate office last Thursday morning and celebrated his 65th year at the printer's trade by sticking up some ads for us before we went to press. "Uncle Billy. as he is familiarly known to his Ewing friends, started to work at the printer's trade sixty-five years ago last Thursday morning, when he started as an apprentice on the Hollidaysburg, Pa., Register at Hollisdaysburg, Pennsylvania. His next job was on the Altoona, Pa., Tribune, where he accepted a place in the job department, which specialized in printing railroad schedules for the Pennsylvania railroad. In 1875, he moved to Jersey City and later worked in a job shop on Wall street. From there he went to Harrisburg and Pittsburgs, Pa., and later came to Nebraska, where he worked on different Ewing publications for over thirty years. He also worked for some time at Elfala, Indian Territory, now Oklahoma, for George Raker, afterwards returning to Ewing, where he has since made his home. Mr. Pollock informed us that he set the first stick of type that was ever set in Orchard Nebraska, having been employed by Jas. Butler on the Orchard "Public Opinion," which later was consolidated with a paper at Neligh. Mr. Pollock is still quite active for a man of his years, and can "hand neg" as much type in a day as the best of them. We still count him as part of the Advocate force, and whenever we get caught in jam, we send an S. O. S., call for "Uncle Billy," and he immediately comes to our rescue.


Article from Cedar County News, October 2, 1930

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Article Text

BRANDL & SON PLAN HOG SALE ON OCT. 9 BREEDERS OF HAMPSHIRE HOGS WILL HOLD 14TH FALL SALE Bandl & Son's pioneer breeders Hampshire swine in northeast Nebraska has announced their 14th annual fall sale of gilts and bred sows with litters at the farm two miles southeast of Hartington for next Thursday, October Brandl Hampshires are known not only over Nebraska but also over adjoining states as only other herd has been in existence in Nebraska for longer period than the "Pioneer Herd" which is owned by the Brandl's.. The herd was founded nearly 16 years ago by Joe Brandl who had had considerable experience with several other breeds but who believed that the Hampshires held out the promise for swine on farm. Mr. Brandl developed number of prize winners in both the county and Inter-State fairs. being unable to show at the state fair because it always is held the same week PR the Cedar county fair. One boar had such outstandoffered $500 for him before he was six months and later was urged to nut price unon him but declined He was later lost in an accident. Mr Brandl is now assisted in the development and care his herd by his two sons, Alphonse 20. and Joseph 11. Alphoace of the real hareball - of this section and seldom game. the which his attention be diatracted being decussion of the relative merits of swine of various breedings. He enjoys visit. ing the herds of other breeders where he keen student of both the animals and the methods of the breeders. Altho lv young Joseph also plays an importart part in the feeding and care of part of the herd and is studvng swine that may learn all of the fine points as quickly as possible. Over 50 head are included in the offering listed for the sale to be held Thursdav, printing for which is the product of The News printery. A big free lunch will served at noon and the sale will start immediately afterGravel has been spread on the County road east of HK. way 15 past the Brandl place so the weather will have no ef. fect on the attendance which is expected to be larger. Bank Receiver Wins Humphrey Judgement George Cronkelton. receiver for the First National Bank of Humphrey with headquarters at Coleridge. won a favorable verdict in a judgement of over $6,800 against F. C. Braum of near Humphrev in federal district court at Norfolk last week. Crofton Couple Married At Yankton on Saturday Miss Blanche Solomon, only Mr. daughter of Charles Solomon of Crofton and Lester W. Ttucker, son of Mr. and Mrs. A. Tuck er of Crofton, were married Saturday morning at the home of Rev. E. Cleveland of YankDr. ton. The couple attended by Miss Helen Tucker. sister of the nesday. groom, and Wayman Solomon, brother of the bride. After the ceremony the bridal party was boars, entertained at breakfast before the groom and his bride left on wedding trip to points in South Dakota Minnesota. Upon their return they will be at home in Crofton where the groom is truck driver. Both well known in Crofton. Mrs. Tucker having been her father's housekeeper for several years and Mr. Tucker having served overseas durning the World War.


Article from Madison Star-Mail, January 15, 1931

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District Court Filings The following cases were filed the office of Walter Purtzer, clerk of the district court, during the past week: Jan. 10: Grant Denney VS. August Borgelt and Fred Borgelt. Suit on promissory note, $500.00. Jan 10: Farmers' Poultry Co. of Tilden, Neb., corporation, Frank Baker, New York Shopping Center, Anna Otto and John Doe, real name unknown. Certified from justice court. Jan. 12: Battle Creek Valley bank Cora M. Boyer, (otherwise known as Mrs. Boyer.) Suit on promissory note. Jan. Bishop Weldon Bishop. Divorce. Jan. George G. Cronkleton, receiver the First National Bank of Humphrey, Neb., John Johnson. Attachment.


Article from The Hartington Herald, August 13, 1931

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Article Text

Suit Is Filed by Bank Receiver Cronkleton, receiver of the defunct First National bank Humphrey, filed suit last week federal district court Omaha against directors the Humphrey institution. The suit filed of mismanagement of the banking affairs, compliance with the law. Directors of the defunct bank Mrs. Hugg, Charles Pfiefer, Waldron, Carl Maurer and Van Aukurn. The trial will be heard during the September term of court.


Article from The Hastings Daily Tribune, October 14, 1931

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Thursday; To Payment Oct. George B.Cronkleton receiver First National Bank Hast. Ings, Neb., Comptroller Currency Cronkleton has handled sevreceiverships NebrasHe in the state now and report immediately Hastings. Immediately after receipt here news comptroller's lection, the Tribune obtained long distance Interview with Cronkleton after locating him Coleridge, learned that the receiver, who expects arrive here Thursday evening and assume active charge First National Bank Friday morning, has had long experience liquidation. Served 20 Posts. He assigned receivfor total banks Nebraska during the past ten and present time direct ing the liquidation nine Nebrasbanks addition to his new charge here. The banks which he Hquidating include First tional Bank Coleridge, the Hartington National Bank HartingWalthill National Bank National Bank Plainview, the Laurel National Bank Laurel, the Farmers National Bank Wakefield, First National Bank of Humphrey, Saunders County Bank Wahoo, First NationBank Elgin. Mr. Cronkleton declared that, though continue the direction the liquidation of the nine other banks, move headquarters Hastings, the First National here being the largest the group. He declared that he now has several assistants working with intimated that more may be secured. how rapidly the Hastings may progress, Mr. Cronkleton course, unmake statement, being necessary he first quaint himself with the conditions the To Work Rapidly. may, however,' assert"assure the people Hastings an earnest effort proceed with work there rapidly efficiently complished, and dividend be forthcoming depositors' there will warrant," he told the Tribune. Prior his first appointment bank years ago, Mr. Cronkleton resided Bayard, Neb., where cashier present First National Bank of that city.


Article from The Hastings Democrat, October 15, 1931

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CRONKLETON Will Take Charge of Institution On Friday of This Week HANDLES NINE OTHER BANKS Partial Payment of Deposits Will Be Made Earliest tical Date After Thorough Checkup of Banks Affairs. The appointment of George Cronkleton receiver the First National Bank Hastings announced from Washington Wednesday this week and said that Mr. Cronkleton take charge of the bank day morning this week. He at present in charge of nine other national banks in Nebraska, including the First NationBank Coleridge. the Hartington Bank the Walthill National Bank Walthill, the First National Bank Plainview, the Laurel National Bank Wakefield, the First National Bank of Humphrey, Saunders County National Bank Wahoo, the First National Bank at Elgin. Mr. Cronkleton, when advised of was Coleridge and said he would come to Hastings once and soon he can conveniently do will move his headquarters Cronkleton has been acting National Bank Receiver middle west ten years. His long experience in the work enables him handle the affairs of closed banks rapidly may consistent with good and believed that affairs of the local bank will closed rapidly under management. The work of invoicing the assets the bank has been completed Frank Nelson and his assistants and the complete report the affairs of the institution ready for the when he takes charge. presumed that dividend to the depositors will paid once if funds are available for that purpose.


Article from Kearney Hub, May 11, 1932

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STATE CAPITAL. The secretary of the department of trade and commerce has opened suit in district court of Knox county to determine whether or not he can pledge assets of failed corporation. As soon as the district court gives its decision the case will immediately appealed to the supreme court for final decision If favorable verdict is obtained is probable that applications for these loans will be made on behalf of many failed state banks. The money thus obtained. said. will defer liquidation until the valuation of assets has reached higher mark, making it possible to make more favorable settlements with depositors. The regents of the state univerthe budget for the coming year which provides for saving of more than $162,000. This accomplished by reduction of salaries and wages and some other expense Items. The total budget for the year is less than half of this amount will come from taxation sources The balance will come from student fees, departmental sales and federal funds. Thursday we are B. Douglas, of Tecumseh. has selling a well known been appointed by the governor brand of jell powder fill five-year term member at 5c per package. of the state and park commisfilling the place formerly held Why not buy several by Webb Rice of Norfolk. few on hand for Ten candidates for the house emergencies, etc.? have no opponents the general election. Five are PORK STEAK and Two candidates for the state senate are unopposed. They are both demThursday we are ocrats. selling in our meat market fresh pork General Pershing's book "My Exshoulder steak at 9c periences in the World War" has lb. Treat the the Pulitzer prize of per $2,000 for the best book of the year tomorrow the history of the United States. delicious browned pork steak The monthly report of State dinner. Treasurer Bass total balance of $3,871,000 on hand at the close April. This is decrease FISH only $91,000 during the month. Fish is welcome When outstanding warrants issued against the gasoline tax fund, fedchange to any menu. eral aid road fund and Motor Tomorrow we are hicle registration fund are taken selling sable and into consideration the balance in the salmon at very at- three funds shows decrease The report shows the bal. tractive prices. This the three funds at is fresh stock and but when the outstanding warrants you will relish their are deducted the true balance dedelicious flavor. creases to $253,000. The treasury consists of $3,406 cash on hand, $1.in government bonds and $2,677,000 on deposit in banks. R. Green. secretary of the state contractors' organization, has filed Surety of Purity" suit in district court asking for declaratory judgmient on the right the state to let contracts for highway work without bids. Green representing 24 engineering construction firms. The suit asks determine whether or not the state has authority to cause construction work to be done on highways without first advertising for bids without first securing bids whether or not the state treasurer and state auditor have authority to pay for such work when has been done without first being advertised completed under contract bids. Depositors of failed national banks at Humphrey and at Elgin will soon receive dividends which make the total thus far paid out on each of the banks over 70 per cent.