12721. Ashland State Bank (Ashland, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 30, 1931
Location
Ashland, Nebraska (41.039, -96.368)

Metadata

Model
gpt-5-mini
Short Digest
ff268902

Response Measures

None

Description

Articles indicate Ashland State Bank was a failed state bank placed in receivership (listed among failed banks and attorneys paid for receiverships) and later had depositor payments in August 1931. No contemporaneous description of a depositor run is present. OCR errors make the exact payout amount unclear.

Events (3)

1. June 30, 1931 Suspension
Cause Details
Listed among failed banks and in receivership according to state banking department reports (no specific cause given in articles).
Newspaper Excerpt
Good and Kirkpatrick, Lincoln, Ashland State Bank, Line, Loup City, Bank Ashton, Bank Litchfield: and Loup City State Loup City.
Source
newspapers
2. July 11, 1931 Receivership
Newspaper Excerpt
Good and Kirkpatrick, Lincoln, Ashland State Bank ... listed among the roster of bank receiverships during the last two years (article listing attorneys and receiverships).
Source
newspapers
3. August 1, 1931* Other
Newspaper Excerpt
Payments to depositors in failed state banks during August totalled only $82,211.22 ... Ashland State bank, $11,67 ... (percentage paid to date).
Source
newspapers

Newspaper Articles (2)

Article from The Grand Island Independent, July 11, 1931

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Article Text

Receivers By Shows That Had Republicans Many Attorneys on Payroll WELLENSIEK IS LISTED Uncovers Names of Scores of Attorneys Who Were Appointed to Bank Posts Under Former tacks Bliss. Lincoln, July Bryan in answering the charges Clarence Bliss, former secretary of the banking department, Friday, declared that the republicans spent thousands dollars for attorneys fees in failed bank cases during the past two years. asserted that some of the attorneys receiving money would be asked to refund the amounts collected the state. Attorneys For Bliss On List The also pointed out that firm of Mothersead and Scottsbluff, which has filed an junction Gering on behalf of Clarence Bliss receiver of failed bank in Scottsbluff, to prevent Bryan interfering in its affairs, drew fees in nine receiverduring the last two years. Some democratic lawyers are cluded the roster made public the but he said most got only small amounts, while the big fees went to republicans. This list, he covcred only the period the Weaver biennium, ending June 30, last, the same condition prevailed during the McMullen regime. attorneys traveled all over the state for banks widely scattered places," the govercontinued. several different groups prominent lawyers have fees from the same little banks. The contest the last few days being made hold control these and keep this army republican attorneys on the payroll. Herewith are the names of the lawyers, drawn, the bank receiverships from which fees paid during the two years from July to June 30, 1931, given out by Ponca, $735, Allen State Bank, Allen: Citizens State Bank, State Bank; and Security Bank Ponca. George Hastings, Grant, $438, Allen State Bank, Allen; The State Bank, Champion; Perkins County State Bank, Grainton. Romig, Alliance, $147, First Bank, Alliance George Hager, Lincoln, $1,245,State Bank, Commerce, Ong: Exchange Bank, Ong, and Farmers State Bank, Good, Good and Kirkpatrick, Lincoln, Ashland State Bank, Line, Loup City, Bank Ashton, Bank Litchfield: and Loup City State Loup City. Stephens, Loup City, $417.15, Ashton, Cain. Falls City, $1,338.38, Nemaha Bank, Nebraska Bank, State Auburn, $10.00, County Bank, Auburn. Fred Auburn, Nemaha County Bank, Edgar Ferneau, County Bank, Auburn; Bank Crab Orchard Kelsey Kelsey, Norfolk, Battle Creek Valley Bank, Battle Creek; State Bank, Pierce; Enola State Bank, Magnet Bank, Magnet; Meadow Grove Bank. (Turn Page Eight Column Seven)


Article from Lincoln Journal Star, September 1, 1931

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Article Text

DEPOSITORS GET $82,200 Holders of Claims in Four Failed Banks Paid in August. Payments to depositors in failed state banks during August totalled only $82,211.22 Secretary Luikart of the trade and commerce department announced Tuesday Payments were received by holders claims against four banks. The banks, with August ments and percentage paid to date. follow Battle Creek Valley bank, $42, percent: Farmers Merchants bank, $9,550.26, 26 percent; Ashland State bank, $11,67 State bank, West Point, 57 percent.