12185. Liberty State Bank (Thurston, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
May 2, 1929
Location
Thurston, Nebraska (42.177, -96.701)

Metadata

Model
gpt-5-mini
Short Digest
373cbe50cd189c69

Response Measures

None

Description

Articles indicate Liberty State Bank (Thurston, NE) had a receiver (article from 1929) and later final dividend payments to depositors (articles from 1932). There is no description of a depositor run; rather the bank appears to have failed/suspended earlier and been placed in receivership with subsequent dividend distributions. Cause of suspension/failure is not stated in the articles (likely bank failure but unspecified).

Events (3)

1. May 2, 1929 Receivership
Newspaper Excerpt
THURSTON BANK RECEIVER GETS JUDGMENT REVERSAL ... George Parker, the Liberty State bank, Thurston ... cashier Chmelka ... when the cashier used the bank's funds pay his personal debt. defendant liable for the amount received by him. the court holds. bank officer has no thority make such an agreement that he would to pay the ... (Sioux City Journal, 1929-05-02).
Source
newspapers
2. April 19, 1932 Other
Newspaper Excerpt
final dividend ... has paid depositors the Liberty State Thurston, making total of 12.7 percent. (Lincoln Journal Star / Beatrice Daily Sun, 1932-04-19).
Source
newspapers
3. * Suspension
Cause Details
Articles do not specify the trigger for the suspension/failure; mention of cashier using bank funds in judgment suggests internal misconduct but not explicit as the cause in these snippets.
Newspaper Excerpt
Articles refer to the bank as failed and mention dividends paid to depositors of the failed Liberty State bank, Thurston (1932). Exact suspension/closure date not provided.
Source
newspapers

Newspaper Articles (3)

Article from The Sioux City Journal, May 2, 1929

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Article Text

GROCERS PLAN ANNUAL MEET Nebraskans to Gather in Kearney on Eighth of May. Kearney. Neb.- -Concerted buying and advertising will loom large on the list of subjects to be discussed here. May by members of the Nebraska Retail Grocers association dent of the organization. will preside at the convention. Starting with noon luncheon at the Fort Kearney the will turn to business matters Immediately afterLouis Somner president of the Omaha association. will tell how fruit and can be made to third successful produce grocer's income. "How Get and Keep will be the subject for Foutch. Hugh Thorne, vice president the Nebraska Retail Grocers association. will give some pointers store arrangement other on speaker. say what should be expected from jobber THURSTON BANK RECEIVER GETS JUDGMENT REVERSAL versal was In supreme court by George Parker. the Liberty State bank, Thurston judgment given to Carl Vogt had sued Vogt on note Forty shares stock in the bank had been sold, Vogt says. by him to Cashier Chmelka, which he took notes in part He was unable to collect, he cashier's check and two certificates of deposit He says he signed note that time. Later Chmeltold he must show something the examiner for the certificates and he signed the note, which he was told he would not have In exchange. Chmelka gave him his own note, signed by Mr. A1Chmelka claimed that Vogt signed because he needed the money and that the cashier's check and certificates did not enter into this transaction. When the cashier used the bank's funds pay his personal debt. defendant liable for the amount received by him. the court holds. bank officer has no thority make such an agreement that he would to pay the


Article from Lincoln Journal Star, April 19, 1932

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Article Text

BANK Final Dividends Paid Depositors at Cornlea, Thurston. The Elba State bank, Elba, reorganized, recapitalized and made by stockholders, reopened for business Tuesday according to by the department of trade and The bank 20, 1931. The plan contemplates payment of depositors capital stock $10,000, surplus deposits $33,000 cash from banks officers Bertel Leth, president; Anton Spilinek, vice president and J. Sumovich, final dividend of 2.2 percent, $3,003.92, has been paid to depositors the failed Cornlea State bank. total payment percent, amountto $13,926.82. final dividend from assets of percent, amounting $3,has paid depositors the Liberty State Thurston, making total of 12.7 percent


Article from Beatrice Daily Sun, April 19, 1932

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Article Text

SUSPENDED LINCOLN, 19 state department of trade and today announced the organization and the reopening of the Elba State Elba. The bank business November Luikart, department secretary, said the institution was capitalized and placed in thoroughly solvent condition the stockholders. The plan reorganization. he said, contemplates ultimate payment in full to all depositors. Upon reopening. the bank had capital stock of $10,000; surplus, $2,500; deposits of $33,000, and of $12,000 due from other banks. Luikart also announced the pay ment of in dividends to failed state banks positors A payment of $$3,404, or nearly went to the depositors per the Liberty State bank Thurston, and the other $3,000. nearly per cent. went to the Cornlea state bank of Cornlea.