12754. American Bank (Beatrice, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
*
Location
Beatrice, Nebraska (40.268, -96.747)

Metadata

Model
gpt-5-mini
Short Digest
d863f3c7

Response Measures

None

Description

Articles (1907) state the American Bank of Beatrice, Neb. failed some year ago and a receiver (Alfred Hazlett) was appointed; no run is mentioned. The bank was insolvent and suits by the receiver to hold stockholders were pending/decided. Date of failure/receivership not specified in these clippings.

Events (2)

1. * Receivership
Newspaper Excerpt
Mr. Hazlett is receiver of the American Bank of Beatrice, Nebraska, which failed some year ago. Defendants were stockholders in the American bank of Beatrice, Neb., which became insolvent.
Source
newspapers
2. * Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became insolvent and failed (article: became insolvent / failed some year ago).
Newspaper Excerpt
Mr. Hazlett is receiver of the American Bank of Beatrice, Nebraska, which failed some year ago.
Source
newspapers

Newspaper Articles (2)

Article from The News-Democrat, June 28, 1907

Click image to open full size in new tab

Article Text

# Cases Sent Back Judge Dubois today handed down the opinion of the supreme court in plaintiff's exceptions taken to the action of the superior court in sustaining demurrers to the amended declarations in the cases of Alfred Hazlett, receiver, vs. Thomas A. Woodhead, Mary E. Woodhead, Mercantile Trust company and Providence Mutual Investment company. The action of the superior court is approved and the cases are sent back for further proceedings. These are suits to enforce stockholders' liability under a law of Nebraska. Defendants were stockholders in the American bank of Beatrice, Neb., which became insolvent. Defendants claim that the law of Nebraska was not complied with in the appointment of receiver for the bank or in relation to the bringing of these suits.


Article from The News-Democrat, July 26, 1907

Click image to open full size in new tab

Article Text

# JUDGMENT IN DEMURRER # FOR COSTS ENTERED Judgement in demurrer for casts of defence was entered in the superior court today in each of the following cases: Alfred Hazlett, receiver vs. Thomas A. Woodhead; Alfred Hazlett, receiver, vs. Mary E. Woodhead; Alfred Hazlett, receiver, vs. Mercantile Trust company, and Alfred Hazlett, receiver, vs. Providence Mutual Investment company. Mr. Hazlett is receiver of the American Bank of Beatrice, Nebraska, which failed some year ago. He brought suits to try to hold the defendants as stockholders for a part of the bank's indebtedness. Many legal tangles could not be straightened out and the suits, which involved some $20,000, are now disposed of.