12132. Smith National Bank (St Edward, NE)

View Charter #5793 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
5793
Charter Number
5793
Start Date
August 5, 1933
Location
St Edward, Nebraska (41.570, -97.866)

Metadata

Model
gpt-5-mini
Short Digest
7605bac143b3b0a0

Response Measures

None

Receivership Details

Depositor recovery rate
52.5%
Date receivership started
1933-03-03
Date receivership terminated
1936-12-29
Share of assets assessed as good
19.6%
Share of assets assessed as doubtful
58.4%
Share of assets assessed as worthless
22.0%

Description

Article (Norfolk Daily News, 1933-08-05) states a receiver was appointed for the Smith National Bank, St. Edward. No mention of a depositor run is found. A later article (Star-Herald, 1934-05-25) lists RFC loans to closed-bank receivers and appears to include the Smith National Bank of St. Edward, confirming the bank remained closed and in receivership. OCR errors in Article 1 corrected (e.g., 'Manny' likely refers to the receiver named; phrasing cleaned).

Events (5)
1. April 27, 1901 Chartered
Source
historical_nic
2. March 3, 1933 Receivership
Source
historical_nic
3. August 5, 1933 Receivership
Newspaper Excerpt
has already been appointed receiver the Smith National bank St. Edward. Mr. Reifenrath, former member of state legislature, has already been appointed receiver the Smith National bank St. Edward.
Source
newspapers
4. August 5, 1933 Suspension
Cause
Government Action
Cause Details
Receiver appointed for the bank (regulatory/government action leading to suspension).
Newspaper Excerpt
has already been appointed receiver the Smith National bank St. Edward.
Source
newspapers
5. May 25, 1934 Other
Newspaper Excerpt
St. Edward The Smith National Bank of St. ... included among closed bank receivers authorized to borrow from the RFC between Feb 2, 1932 and May 18, 1934.
Source
newspapers

Newspaper Articles (2)
1. August 5, 1933 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, August 5, 1933

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Article Text

Bank Receiver John former Crofton banker, to Manny as of the First National bank of Madison, accordto word from Madison. Mr. Reifenrath. former member of state legislature, has already been appointed receiver the Smith National bank St. Edward. is not known whether the staff serving under Mr. Manny be affected. Tries to Kidnap Child Lincoln, Aug. Lincoln police today were searching for old man in light coach attempted to coax 5-year-old girl his near the University Nebraska stadium this morning. The man's motive known. the frightened little girl fused in the man Want Vote Beer Neb., Aug. petition bearing more than 600 natures has been filed here ing the beer licensing ordinance be submitted the election, April, 1934. Reports heard that another petition being circulated special election the Fairbury ordinance.

2. May 25, 1934 Star-Herald Scottsbluff, NE
Article from Star-Herald, May 25, 1934

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Article Text

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,