12725. Bank of Ashton (Ashton, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1929*
Location
Ashton, Nebraska (41.248, -98.794)

Metadata

Model
gpt-5-mini
Short Digest
a2dc41b3

Response Measures

None

Description

Articles (Lincoln Journal Star, 1931-09-09) discuss the receiver of the Bank of Ashton and that the bank was closed two years earlier; no run is described. The receiver is appealing a district-court finding regarding a certificate of deposit assigned to the receiver. Closure/receivership inferred ~1929 (two years before 1931).

Events (2)

1. September 1, 1929* Receivership
Newspaper Excerpt
she was the widow of the former president of the Ashton bank, who died the day before it was closed two years ago. ... the receiver of the Bank of Ashton claimed that it had been assigned to him.
Source
newspapers
2. September 9, 1931 Other
Newspaper Excerpt
The banking department has appealed to the supreme court from a finding of the district court of Howard county that it has no claim to $3,750 paid into the court by the Citizens National bank of St. Paul. ... the receiver of the Bank of Ashton claimed that it had been assigned to him.
Source
newspapers

Newspaper Articles (2)

Article from Lincoln Journal Star, September 9, 1931

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Article Text

BANK RECEIVER IN APPEAL Woman Said Representative of the State Intimidated Her. The banking department has appealed to the supreme court from & finding of the district of Howard county that it has no claim to $3,750 paid into the court by the Citizens National bank of St. Paul. A. certificate of deposit for this was issued some years ago to Rose Polski, and the receiver of the Bank of Ashton claimed that had been assigned to him. Mrs. Polski is the widow of the former president of the Ashton bank. who died the day before it was closed two years ago. She admitted having endorsed the certificate to the receiver, but claimed it had been secured by duress. Mrs. Polski claimed that C. E. Brown, representing the department, told her that the records of the Ashton bank showed that her husband and his two brothers, who were associated with him in the bank, had caused heavy losses thru and various acts that she said Brown told her would enable him to send the two remaining brothers state's prison. She had received $82,000 in insurance carried by her husband, represented by certificates of deposit, and said that in ignorance of what she was doing she agreed to loan brothers $9,666, the remainder being represented by certificates in another bank. The district court held that her lack of knowledge that she was compounding felony, and her ignorance of business justified her her contention that the money belongs to her,


Article from Lincoln Journal Star, September 9, 1931

Click image to open full size in new tab

Article Text

BANK RECEIVER IN APPEAL Woman Said Representative of the State Intimidated Her. The banking department has appealed to the supreme court from finding of the district court of Howard county that it has no claim to $3,750 paid into the court by the Citizens National bank St. Paul. A certificate of deposit for this amount was issued some years ago to Rose Polski, and the receiver of the Bank of Ashton claimed that it had been assigned to him. Mrs. Polski is the widow of the former president of the Ashton bank, who died the day before it was closed two years ago. She admitted having endorsed the certificate to the receiver, but claimed it had been secured by duress. Mrs. Polski claimed that C. E. Brown, representing the department, told her that the records of the Ashton bank showed that her husband and his two brothers, who were associated with him in the bank, had caused heavy losses thru mismanagement and various acts that she said Brown told her would him to send the two remaining brothers to state's prison. She had received $32,000 in insurance carried by her husband, represented by certificates of deposit, and said that in ignorance of what she doing she agreed to loan the brothers $9,666, the remainder being represented by certificates in another bank. The district court held that her lack of knowledge that she was compounding felony, and her ignorance of business justified her in her that the money belongs to