First National Bank - Atkinson, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6489
Charter Number: 6489
Start Date: February 27, 1931
Location: Atkinson, Nebraska (42.531, -98.978)

Metadata

Model: gpt-5-mini
Short Digest: 8eed4766

Response Measures

None

Description

Article (The Atkinson Graphic, 1931-02-27) describes appointment of a receiver (Clarence G. Bliss), suits against officers and missing bank records. No run or depositor crowd is mentioned. This indicates a suspension followed by receivership/closure due to bank-specific issues discovered by the commissioner and resulting government action.

Events (3)

1. November 14, 1902 Chartered

Source: historical_nic

2. February 27, 1931 Receivership

Newspaper Excerpt: Receiver Clarence G. Bliss ... Two suits have been filed against officers of the bank by Receiver Clarence G. Bliss . One filed against Michael James ... Another is filed ... to set aside certain deeds in favor of the creditors.
Source: newspapers

3. February 27, 1931 Suspension

Cause: Government Action
Cause Details: Commissioner reported missing bank records and actions by authorities leading to appointment of a receiver and legal suits against officers.
Newspaper Excerpt: BANK RECORDS MISSING SAYS COMMISSIONER ... One filed against Michael James John M. Flannigan and others stockholders of the bank ... Another is filed against Mary Flannigan and John M. Flannigan to set aside certain deeds favor of the creditors.
Source: newspapers

Newspaper Articles (1)

1. February 27, 1931 The Atkinson Graphic Atkinson, NE

Article from The Atkinson Graphic, February 27, 1931

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Article Text

BANK RECORDS MISSING SAYS COMMISSIONER (Continued from first page) negotiable paper was traded them for their certificates of deposit the sum of about $68,380.00 and interest totaling about $800. Of the certificates whose holders were protected, about $28,500 were not yet due. The list of preferences read by Mr. Woods as follows: Horace Shank $36,000.00 Barbara Hunt 2,900.00 John Stephens, 8,000.00 Ellen Stephens 3,600.00 Pearl Stephens 1,400.00 Ophelia Roberts 600.00 First National Bank, Atkinson 4,950.00 Bertha Wise 3,000.00 Kate Baehr 4,600.00 Mrs. M. Wisemiller 1,200.00 Mrs. Josephine Timmermans 2,500.00 Joe Timmermans 532.48 Simon Timmermans 100.00 "The preference given these depositors results, said Mr. Woods, in the creditors as whole assuming that the received all good At the business session the resignations of R. E. Chittick, Mort Gill, Frank Bigelow and P. Brown, sr., from the depositor's were accepted and the place of Arthur Johnson declared vacant. Unanimously electto Crowell, R. E. Ohittick, Brown, sr., Frank Allman and Thos. Hanrahan. Two suits have been filed against officers of the bank by Receiver Clarence G. Bliss. One filed against Michael James John M. Flannigan and others stockholders of the bank for stockholders liability. Another is filed against Mary Flannigan and John M. Flannigan to set aside certain deeds favor of the creditors.