12144. Strang State Bank (Strang, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 1, 1927*
Location
Strang, Nebraska (40.416, -97.587)

Metadata

Model
gpt-5-mini
Short Digest
aa6de029964e9436

Response Measures

None

Description

Articles describe the Strang State Bank closing under new state banking rules and the appointment of a receiver. No article describes a depositor run. Closure appears regulatory/financial (inability to meet new capitalization/guaranty-fund costs) and the bank was placed in receivership; receiver later paid a dividend.

Events (3)

1. August 1, 1927* Suspension
Cause
Government Action
Cause Details
Closure linked to new Nebraska banking law (minimum capitalization and guaranty fund costs) making continued operation impractical.
Newspaper Excerpt
Geneva closing of the Strang State bank seems like have one unfortunate feature ... The capital of the Strang State bank has always been about ... The guaranty fund law still taking heavy toll from the solvent banks ... be hardship on the people of the Strang community the law deprives them of local bank.
Source
newspapers
2. February 7, 1929 Receivership
Newspaper Excerpt
The attorney general has filed a petition for the appointment of a receiver for the Strang State bank. The action is similar to that taken with the Citizens State bank of Geneva a few weeks ago. -Geneva Signal:
Source
newspapers
3. December 19, 1929 Receivership
Newspaper Excerpt
Strang Bank Dividend. Acting upon the application of Dempster, receiver of the Strang State bank, Proudfit Friday ordered ten cent per dividend the creditors the bank. The receiver made showing that hand for the payment dividend.
Source
newspapers

Newspaper Articles (4)

Article from The Friend Sentinel, August 25, 1927

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Article Text

sunshine what this territory needs. The hay fever sufferers have our sympathy. Rain what holding the gang. School will open Sept. 5th. Good news to some, to An honest attempt to park your parking mendable. should read the new Sportsmen law before starting out on the game Fall hunt. With six Methodist ministers in Friend should care of religiously. Most boys and girls who now fun of their home town will out the foolish habit. grow The trouble should convince our authorities that the immigration laws must be more stringent. check shows that the majority drivers disregarding Friend's trafrules come from Douglas and Lancaster county. Judge Landis declares the law hibiting Sunday dances constitutionWonder the county officials throughout Nebraska decision? Chris Sorenson manages to keep in the political limelight by supportSenator Norris. Chris always did manage to keep me agitated. He kept me awake half the night, once, arguing religion. Eagle has passed an occupation tax ordinance for busses. Now the bus company has asked the railway commission for permission strike Eagle off the route. believe that more towns will pass just such orand the bus companies will have to help share local like the railroad company. At least they should be compelled maintain stations stay prescribed routes through the municipalities. With an injunction suit appealed Crete, special election called Wilber, and meetings being held Beaver Crossing, all over the proposition of furnishing electric power to the several gamble to when the will be started right here in Friend. The subject bobs up in group sion because the contract existbetween the transmission line company and the city near expiration date. Friend power plant including boilers and power steam engine, belted generator, making alternating current, 2300 volts primary and 220 and 110 secondary lines, and the distribution system in excellent shape. The plant not adequate handle the service now, excepting for short times. Another gine and generator might be added part time, but this would not economical and there doubt to whether the low prevailing could be maintained. proposition that will be submitted the the one now contracted Hartington and elsewhere. Oil and generators would stalled and paid for the ment plan from the earnings. This proposition make allowance for the old equipment. The Sentinel not in position to guarantee these statements but events happenof late, leads us to believe that the oil engine intend try and interest Friend people manufacturing their own and power subjected to the transmission line difficulties. proposition glitter and merit and surprising to find many of our citizens favoring But the relationship of the city with the power companies has been very good and the service good, especially since the city's own lines have been into put and made adequate to handle the amount of current necessary serve the patrons. Counter to oil engine proposition will that the companies, and may possible to secure better contract than we now have, and the company serving will be required give least two way service, stead of just promising that the city not in darkness for hours after lightning strikes single station, as recently happened. Even with new contract for transmission line service it might be good thing invest remodeling plant standby. bottle of milk much better than bottle of hooch. Of course you will remember the Harvest Festival in Friend next Wednesday. A terrible ice man and the coal man at the house at the time. The courthouse bonds are voted, but have seen nothing that looks graveling of the highway this locality. are distracted over the matter we do not know whethto sue the Friend Sentinel for breach of promise or rob Frank Bartos News. soon Frank gets home, "feeling like year old boy" will land right on him and lot of other promisers, amongs them the honorable Roy Cochran. If don't action let's enjoin the county and stop the new court house. Geneva Omaha school district janitor who fell from step ladder arm at the elbow while he was cleanglobe one of the school) buildings. The school board tinued his wages but refused to medical The Omaha expenses. school district does not carry compensation insurance for its employees and under the state law becomes its insurance This does company. not enable to liability, escape which the important fact for Nebraska school district member. State Compensation Commissioner Kennedy has awarded Kenneth Tibbittes, the injured man, $15 week for fifty-six week, the being for 25 per cent permant loss of the use of the right togetharm, with medical expenses amounting to and the district will have to pay, Geneva closing of the Strang State bank seems likehave one unfortunate feature that probably not generally anticipated. Under the new state law the banking not mitted to charter bank capital stock of less than The capital of the Strang State bank has always been about It seems that capitalists will consent to capitalization of $25,000 because there could be hope not that investment could made profitable, all things considered. The guarantee fund law still taking heavy toll from the solvent banks and costs lot of money to run bank now, including local taxation and other unavoidable expenses. be hardship on the people of the Strang community the law deprives them of local bank. Geneva National fining Co. has been posting little jokes and wise cracks on its bulletin boards all over the few weeks ago used this: lawyer the truth; for Edward R. Burke, president of the Omaha bar association, reflection the legal profession highly and he brought suit against the corporation for his bar association. The president of the National Refining Co. apologized to Mr. Burke on behalf his expressing regret company, the incident, and Mr. Burke has withdrawn his suit. Mr. Burke be for making row over this insult to his profession. not that all chants and all farmers are liars. course responsible officials of the National Refining Co. would not have the insult the lawyers. Mr. Bürke's jolt will them to give less latitude the jokesmiths they employ.


Article from The Fillmore Chronicle, February 7, 1929

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Article Text

COURTHOUSE NOTES Lots 101, 102 and 103, block 17 and lot 1, Placek's 4th addition to Milligan were sold at sheriff's sale Mo lay by Deputy Sheriff Severns under orders from the district court in the foreclosure sale of Leroy Stines VS. Merchants National bank of Omaha. who died March 4, 1926. petition asks the appointment luck. of Mrs. Lena Stark, a daughter as adminstratrix. Mrs. Eva Biester has filed a suit for damages against Virwas in fall a home a couple of years ago. She filed a claim against the estate of George A. Wright but the claim was disallowed in county court. A new action has now been started in district court. The attorney general has filed a petition for the appointment of a receiver for the Strang State bank. The action is simHar to that taken with the Citizens State bank of Geneva a few weeks ago. Lucile N. Ritchie has filed suit in district court for a divorce from Everett D. Ritchie. She asks the custody of two minor children. She charges desertion and non-support. Mrs. Ritchie is employed as housekeeper at the Ed Stolzenburg home near Shickley.-Geneva Signal: FAIRMONT BOY NAMED FOR WEST POINT Warren. son of Mr. and Mrs. Geo. W. White, received a telegram Wednesday afternoon from Congressman Norton at Washington, D. C., announcing that he had passed the highest grade in the competitive examination for entrance of the West Point Miliheld in Omaha, March 5th. With


Article from Nebraska Signal, December 19, 1929

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Article Text

Strang Bank Dividend. Acting upon the application of Dempster, receiver of the Strang State bank, Proudfit Friday ordered ment ten cent per dividend the creditors the bank. The ceiver made showing that hand for the payment dividend.


Article from Lincoln Journal Star, February 19, 1930

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MERE MENTION. m. Peters Cafe Ad Roberts undertaker. Est. 1878-Ad Three leaks repaired for $4. Midwest Roofing Co. L8570.Semi Lump, $10.50 cash. Sanford, the Coal Man. Best food in town at Oak Hall, 1039 11th. Drop in for lunch or Semi anthracite lump $9.50, $10.50, Illinois lump $7.50. Colorado lump $9.25. B5397 Dance No. 19 and 54 F. & M. Wed., Scottish Rite Temple. All Masons invited 50c per Shamrock Aeropel gasoline, high test, high grade gasoline all Morse filling stations at 12c plus tax.-Adv. Newly laid eggs, 31c doz.: 2 doz., 60c. Pig liver or lean boiling meat, 12 Wednesday raisin bread day, loaf, 10c at Freadrich Grocyterias. Exhibition of Tableaux, feature the Beaux Arts Ball, given Morrell Hall, o'clock Thurs. eve Members admitted free others 25c Galleries Adv. Heirs of Mary Peach, late of Saline county, appealed to the Wednesday from the of the lower courts in naming Novak to handle the estate, when they had expressed for Adolph Chaloupka. State Superintendent Taylor has gone McCook remain two days. He will participate in the dedication of school build ings confer with County Superintendent Somerville in regard to affairs of school districts. Elmer J. Lamb of Auburn. formerly member the legislature, at the capitol Wednesday accompanied delegation friends. The called upon State Treasurer Stebbins and discussed treasurer's candidacy for United States senator. Lee Applin filed suit in the district Wednesday against Charles Spangler for for injuries alleged received when he hit Spangler car Fifteenth and streets on Dec He claims that the accident was the fault of the driver of the Every regular salesman in the district be for the April according to Carr, branch manager Mr Carr says Lincoln district man for man any in the country and all have qualified to attend. The finding of the district court that Hans Staben, guardian Magdalene and Agnes Muenster. owed them $2,933 and that he had mingled their money in investment he made in farm. affirmed by the supreme court nesday. judgment entered for that sum. Petition for administration of the estate of Mary Gourlay filed the county court Wednesday by Jack Gourlay, husband the deceased. Mrs. Gourlay died Sept. 27. The amount of her esfate not made known. The only other heir mentioned Edward Sheehan, father of the deceased report was made to Sheriff Condit by County Matzke Seward county that farmer miles north had told car had stopped near his farm, and that shots were fired. After the shooting the farmer said he saw them lift woman into the car and drive away. Robert A. Baker of Ainsworth. republican, has filed nomination papers with the secretary of state republican candidate for the representatives. He will be candidate district 78. ing Brown. Rock and Paha W E. of Bassett, republican, now representative from this The guaranty fund commission Lost in supreme Wednesday appeal from Fillmore county district finding that relieved the estate of Monroe Bolton, forpresident of the Citizens State of Geneva, of liability on one of five calling for the payment of $2,500. The notes, alleged. had been given by Bolton to the Union Lumber company, in which he was stockholder the one upon being found the Strang State bank. which Bolton was also presi- dent, when the commission took it over. The estate on eral grounds, that the signature was not genuine, that if were it was by fraudulent representations and at time when illness had destroyed his competency to Indications are that the city's bureau will close up shop March Since Jan. when the office opened in charge of Building Inspector Peck, than 500 applications have been received with 200 of that number placed either in temporary or employment. With the approach of spring. Mr. Peck must give thought to building operations. Verne Barney, permanently injured fireman took charge city hall elevator Saturday, taken late Tuesday expressed Wednesday that it may be necessary for him to go to hospital for an appendix operation. Barney sustained two legs fractured arm in November 1928, when the wheels heavy fire truck passed over his body. John McCoy of Alliance democrat. came within 53,367 votes R. republican, in the Sixth congressional district two years ago, has filed again as candidate for the democratic nomination. At the general election Simmons received votes while McCoy received 28,215. The filing of McCoy received Wednesday by Secretary of State Marsh The supreme court Wednesday the action of the Cheycourt in confirming the sale property owned by Livoni of foreclosure the Northwestern Life company. The property sold for $8,825. and Livoni insisted this was not fair price. The says that the evidence does not substantiate the claim. There affidavits that it was worth but swore it would bring *that at another sale, having been held Leo Marquette convicted in Hitchcock county of forgery and sentenced from to years in the appealed Wednesday to the court His attorney that the lower court erred admitting as other alleged that permitting fuller erred in not of the and that ing expert the county guilty misconduct in asking the sister of when on the witness the if she had not previously "alibied" brother Ella Carpenter of Tarkio, Mo. was relieved in supreme decision any liability upon worth of notes held by John Lingo of Essex. Ia. Her defense that these represented obligations her husband. William Carpenter. and that she had signed same his own request and did not bind her estate thereby The plaintiff claimed that the Iowa law holds wife where the note does not specifically set out that she binding her separate estate. not court below held and when the that the notes were signed Missouri, the plaintiff barred, as being too latem to show the Missouri statute is identical. Deaths and Funerals. died the home of her street Tuesday she other sons, H. of Great Falls, Mont. E., Seneca. sister Mrs. Francis Perry of daughter. Shoemaker of Calif. Funeral servwill be held 2:30 m. Thursday Helmsdoerfer Rev Sheaff officiating The body will be taken Kas., Friday morning for burial. West died at Wednesday at her home in Ulysses. The body the home in charge E. veterinarian. died in Lincoln morning He by his mother and ter at Topeka, and broth ers, one living and the other California is at Castle. Roper for George Bainbridge be held Thursday at the Methodist Episcopal Rev. E. officiating Burial at Waverly The family quests no flowers body at Roper Matthews services for Mrs held at Wednesday the Seventh Day College View, Elder Baer officiating Burial was at Girard. rites for Mrs. Mary M. will be held at Thursday the 1621 Rev Walter Aitken officiating Burial in Wyuka. for Mrs. LeMaster were held at Wednesday at the First Baptist church, Rev. C. H. Walcott officiating services for Mary Lammers will be held Thursday m. at Henry Brown's Burial at York, with Rev. George Jones in charge. Monteith bodies of Mr. and John Monteith arrived in Lincoln from Boise, Ida., Wednes-