11887. First State Bank (North Bend, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
July 13, 1931
Location
North Bend, Nebraska (41.462, -96.780)

Metadata

Model
gpt-5-mini
Short Digest
041e0fbb92454c32

Response Measures

None

Description

Articles indicate the First State Bank of North Bend was in receivership (i.e., had failed and been taken into court receivership). No article describes a depositor run prior to suspension; the events shown are legal/receivership actions (receiver appointment/transfer and subsequent suit by the receiver). Therefore this is classified as a suspension leading to closure (receivership). Dates are taken from the newspaper items. OCR errors corrected where obvious.

Events (3)

1. July 13, 1931 Receivership
Newspaper Excerpt
Lightner was appointed ... The banks involved in this hearing include the First State bank of North Bend; ... receivership matter. The conference between Attorney Beynon and Judge Lightner ... transfer receiverships of failed banks in the state to E. Luikart, newly appointed secretary ... who still holds his appointment by the district courts of the state as the receiver of 200 failed banks.
Source
newspapers
2. July 13, 1931 Suspension
Cause
Government Action
Cause Details
Bank had been placed in receivership and is part of court proceedings transferring receiverships to state official (court-appointed receivership).
Newspaper Excerpt
The banks involved in this hearing include the First State bank of North Bend;
Source
newspapers
3. April 11, 1932 Other
Newspaper Excerpt
Action was filed in Dodge county district court by Luikart, receiver of the First State Bank of North Bend, against Thomas Kastle ... asking that deeds ... be declared null and void ... to satisfy judgment of $14,300 ... for stockholder's liability in the North Bend bank.
Source
newspapers

Newspaper Articles (2)

Article from Fremont Tribune, July 13, 1931

Click image to open full size in new tab

Article Text

LIGHTNER RETIRES FROM BANK SUIT (Continued from Page One) ceiver matter. The conference between Attorney Beynon and Judge Lightner was not in open court. Another objection made by Beynon to Lightner's participation in based on the fact that the case was to the disLightner was appointed bench by Governor Bryan trict during previous administration. Other cases in which the receivership matter has been heard have come before judges whom Bryan had appointed, Beynon charged, and he believed these judges should be dis qualified The hearing today is to decide the right of Governor Bryan in his attempt to transfer receiverships of failed banks in the state to E. Luikart. newly appointed secretary of trade and of the commerce after he had discharged Clarence Bliss, who was the republican appointee of Governor Weaver as head of the department, and who still holds his appointment by the district courts of the state as the receiver of 200 failed banks. The governor claims that receivof the banking erships are part department and that they are unjurisdiction though receivder his ers are appointed by the courts. There is said to be some contention on the right of the legislature to tell whom they must appoint This is mainly the to contention in the present hearing. Bliss has indicated he will not the transfer of the receiveroppose the applications for ships as long as entered and handled transfers are but he in the regular claims the governor does not have to discharge him from his the right official capacity through the court's appointment. The banks involved in this hearing include the First State bank of North Bend; the Scribner State: Dodge State and the Snyder State bank, all of Dodge county and the Farmers State bank of Belgrade, Boone State bank; Farmers State State bank of Chapman State, Clarks State, Farmers State bank of Farmers State of GenFullerton,


Article from Fremont Tribune, April 11, 1932

Click image to open full size in new tab

Article Text

OF RECORDS ASKED Bank Receiver Begins Action Here Action was filed in Dodge county district court by Luikart, receiver of the First State Bank of North Bend, against Thomas Kastle and others asking that deeds conveyance of property from Kastle his wife, son and be declared null and void and that the properties may be ordered sold to satisfy judgment of $14,300 which the plaintiff states is against Kastle for stockholder's liability in the North Bend bank. Defendants, in addition to Kastle, are Anna M. Kastle, his wife, Alice Kastle and Marion Milliken, his daughters, Thomas Kastle, son, and James Milliken. Milliken, stated, named only as the husband of Marion C. Milliken. The plaintiff that conveyproperty from Kastle Mrs. Kastle and their three chilwere recorded September 26, The petition sets out that the were by the have been April 1921, but states that the plaintiff they executed following September plaintiff alleges the which Kastle was an officer was insolvent the time, and that the made for the purpose of "hindering, delaying and defrauding the creditors of said bank."