12849. First National Bank (Bristow, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
9448
Charter Number
9448
Start Date
March 12, 1925
Location
Bristow, Nebraska (42.842, -98.585)

Metadata

Model
gpt-5-mini
Short Digest
7fa11f65

Response Measures

None

Receivership Details

Depositor recovery rate
45.8%
Date receivership started
1924-03-24
Date receivership terminated
1927-05-02
OCC cause of failure
Economic conditions
Share of assets assessed as good
41.7%
Share of assets assessed as doubtful
36.8%
Share of assets assessed as worthless
21.5%

Description

All articles refer to the First National Bank of Bristow being in receivership under George (G./E.) Cronkleton with assets being sold and dividends paid to creditors (1925–1927). No article describes a depositor run; the bank was closed and wound up by the receiver, so this is a suspension leading to permanent closure/receivership.

Events (7)

1. June 15, 1909 Chartered
Source
historical_nic
2. March 24, 1924 Receivership
Source
historical_nic
3. March 12, 1925 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and payments handled by a court-appointed receiver; assets being liquidated and dividends paid to creditors.
Newspaper Excerpt
George G. Cronkleton, receiver of the First National Bank of Bristow, Nebraska, announces the payment of a second dividend...
Source
newspapers
4. May 20, 1926 Other
Newspaper Excerpt
All bids to be mailed to George E. Cronkleton, Receiver of the First National Bank of Bristow, Nebraska... Lot seven(7), block two (2) village of Bristow, Nebraska. This is the bank building and Post Office. This will be sold clear of encumberance and immediate possession given. All sales subject to the consent and approval of the Comptroller of the Currency and an order of a court of competent jurisdiction authorizing and directing the Receiver to make such sale.
Source
newspapers
5. May 10, 1927 Receivership
Newspaper Excerpt
George Cronkleton, receiver of the First National bank at Bristow, and also of the bank Spencer, has wound up the affairs at both places. ... The trust is closed. That bank paid more than one-half to its creditors.
Source
newspapers
6. November 13, 1930 Other
Newspaper Excerpt
Launce W. Gibson ... has filed his petition in the District Court of Boyd County, Nebraska, against George Cronkleton, as Receiver of The First National Bank of Bristow, Nebraska ... to establish and foreclose a tax lien ... (First Pub 11 13 30)
Source
newspapers
7. August 6, 1931 Other
Newspaper Excerpt
Rec. D. George G. Cronkleton, Receiver First National Bank, Bristow, to Robert H. Harris, $2600, Lot Blk. Bristow.
Source
newspapers

Newspaper Articles (6)

Article from The Bristow Enterprise, March 12, 1925

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Article Text

Thursday evening, Wallace Runfriends. The Vilage Caucus will be held adjusted. at the basement of the Bristow Hall, on Friday the 20th day of March, 1925 at 8:00 p. m. For the purpose of nominating 8 candidates, out of which, 2 to be elected for a term of one year22 for a term of two years. And for the transaction of any other business that may legally come before the meeting. Dated March 9th, 1925, Bristow Nebraska. Axel Julin, Village Clerk. SECOND DIVIDEND OF 15% TO THE CREDITORS OF THE FIRST NATIONAL BANK OF BRISTOW TO BE PAID SOON George G. Cronkleton, receiver of the First National Bank of Bristow, Nebraska, announces the payment of a second dividend of fifon future collections and the adjustment of con tingent claims not now


Article from The Bristow Enterprise, April 29, 1926

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Article Text

Sale of Real Estate First National Bank, Bristow, Nebraska. The following property is offered for sale to the highest bidder, for cash: The Southwest quarter of the Northeast quarter (SWINE). and the Northwest quarterof the Southeast quarter (NEISE+) of Section nineteen (19), Township thirty-three (33), Range ten(10). West of the sixth P. M. (6). in Boyd County, Nebraska. This property is clear of encumberance and well improved. Rents for share and cash rent this year. Rental goes with the land for 1926. The Southwest quarter of the Southeast quarter (SW+SE+) of section twenty-eight (28), the Northeast quarter of the Northeast quarter (NEINE) of section thirty-three (33). and the north half of the Northwest quarter (NINW) of section thirtyfour(34), Range 10 (10) west of the sixth P. M. (6) in Boyd County. Nebraska. Encumberance $5500. with two years to run from March 1st. 1926. Equity for sale. Rent for share rent. Rentals go with the land for 1926. Lot eleven (11), Block two (2) village of Bristow, Nebraska. This is the drug store building in Bristow, clear of encumberance. This building is well rent. ed. Immediate possession given. Lot seven(7), block two (2) village of Bristow, Nebraska. This is the bank building and Post Office. This will be sold clear of encumberance and im- mediate possession given. All furniture and fixtures in the Bank building. These fixtures are in first class condition. They consist of a marble base oak counter, tables, desks, chairs, adding machine, poster, Victor triple timer screw door safe. typewriter and evervthing necessary to the conduct of the banking business. The fixtures are all oak and first class material. TERMS: Bids will be open until May 20 1926. All bids to be mailed to George E. Cronkleton, Receiver of the First National Bank of Bristow, Nebraska, at Spencer Nebraska. Ten percent of the bid in the form of a certified check must accompany all offers. Right is reserved to reject any and all bids. All sales subject to the consent and approval of the Comptroller of the Currency and an order of a court of competent jurisdiction authorizing and dir ecting the Receiver to make such sale. Checks will be returned if any bid is rejected or if the consent and Court order cannot be obtained by the Receiver, in case it appears to him that any offer should be accepted. The balance of the purchase price must be paid in cash when title is delivered' Title to be marketable. George E. Cronkleton, Reciever. First National Bank, Bristow, Nebraska. Spencer, Nebraska.


Article from The Sioux City Journal, December 7, 1926

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Article Text

DEFEATED CANDIDATE FILES BANKRUPTCY IN U. COURT Lynch. Neb., Dec. 6.-Special: CredNeb., received notices from the Norfolk division of the United States district court that Coombs had taken bankruptcy and that the first meeting of creditors would be held at Norfolk on December 13. Mr. Coombs for Boyd county attorney the recent election, but by W. Brennan. The winner announced his marriage Miss Frances Sinclair on about the same date as the loser goes into bankruptcy. ORPHANS FIND HOMES IN WAYNE AND VICINITY Wayne, Neb., Twelve orphans from New York state were placed in homes in Wayne and vicinity. They brought here by Rev. Mrs. K. W. Swan of Mo. Pinned Long Under Car. Wynot, Neb., Dec. 6.-Special: Pinned under his automobile for an hour and half, uninjured wait ing for some one come along to lease him, the experience of Fred Schroeder, farmer living three miles west of here. His car turned turtle the west of here, when select on the windshield and the bad the roads caused him to lose control of it. Go to Aid of Widow. Lynch, Neb., Dec. About 28 teams and wagons and and nine extra men, the home of Mrs. Olson living near Anoka, whose husband was killed in car accident, and early the ear corn had been husked and cribbed. Several and prepared dinner for the men. College Faculties Organized. Wayne, Neb., Dec. Fa. culty members of Chadron, Peru and Kearney state teachers colleges, at meeting in Wayne, ganized an association and will meet regularly. The purpose to discuss problems of common interest. The next gathering at Kearney in April. Offer Banks' Assets for Sale. Spencer, Neb., Dec. The remaining assets of the defunct First National bank of Spencer and First National Bristow, Neb., were offered for sale at the bank receiver's office at Spencer. The assets the two banks total nearly $500,000. Lynch Store Changes Hands. Lynch, Neb., Dec. The Rysavy stock of goods has been in-


Article from The Sioux City Journal, May 11, 1927

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Article Text

STUDENTS PLAN BIG "ROUNDUP" Nebraska University Old Grads to Return to Alma Mater. (By the Associated Press.) Lincoln, Neb., May for the sixth annual of braska roundup here May 26, and 28, rapidly are taking shape and the principal part of the program has been completed. grads" from all sections of the United States here during the big part of the program has been arranged for their benefit. May 26 will be devoted entirely to the celebration of "Ivy day, university ceremony includes the coronation of the May queen. Friday is "Class and College day' while Saturday is 'Alumni day. SAYS NIOBRARA CHALK CLIFFS FIT SUBJECT FOR POETS Lincoln, Neb braska's chalk bluffs should be recognized bit of verse in some other manner. Condra, director of the conservation and vey division of the University of Nebraska, believes. The thick chalk formation outerops prominently along the Missouri river northeastern counties of the state and extends under the state to Kansas. Long ago was given the name of Niobrara chalk. This chalk forms steep cliffs bordering the Missouri river between Boyd and Cedar counties and similarly along the south side the Republican river in Franklin and Webster counties. It is bluish gray where freshly exposed, but be comes buff, yellowish, or brownish on have heard much about the chalk cliffs of England, and know that the Kansas university yell is in part about Niobrara chalk rock," Prof. Condra says. "But, who to paint the picture write verse about Nebraska's chalk cliffs?" HIGH WIND DOES MUCH DAMAGE IN HOLT COUNTY O'Neill, Neb., May 10.-Special: 75-mile an hour wind through the northern part of Holt county assumed the proportions tornado north of here, destroying property and trees stretch 10 miles, two four miles width. John Dick, Frank Kubik and other farmers living the district swept by the storm reported the loss of chicken houses and other outbuildings. Poles and lines of the Utilities company, Creighton, Atkinson and Stuart, were blown down by the gale and the line force has been constantly at work in an effort to continue service at all ponits. WINNEBAGO INDIAN LANDS BRING IN $50,554 Neb., May 10.-At the sale of lands on the Omaha and reservations, held at the here, 14 tracts ag. gregating acres were sold. The lands brought an average price more than $68 an acre, a total of being received. The indicates increased demand for farm lands in this locality. FATHER OF PIONEER HOMESTEADER, IS DEAD O'Neill, Neb., May Ernest Henry Stein, Holt county pioneer, died of heart disease his home oin the part of the county Mr. Stein, born in Ger many, came here in ing on the on which he lived til the time of his death. He is survived by nine children. Bank's Affairs Wound Up. Bristow, Neb., May 10.-Special: George Cronkleton, receiver of the First National bank at Bristow, and also of the bank Spencer, has wound up the affairs at both places. few records from the Spencer bank he took him to Wausa, Neb., where he is receiver for bank there. The trust is closed. That bank paid more than one-half to its creditors. Popcorn Saves Nebraskan. to Ord, Neb., May Carkowski, Ord farmer, tried numerous ways to make his living from the soil but had small success. Then he hit on the idea of raising popcorn. He planted 20 acres of popcorn and realenough to pay year's rent 300-acre farm and still have some profit. Now he has contract to grow seed corn at price of 20 cents above the market quotations. Early Day Settler Dies. Geddes, 8. D., May Funeral were held for John Olofpioneer of this of the state. was born Jamtland, Sweden, in and located farm Bovee in 1883. on He by four children and five


Article from Butte Gazette, December 4, 1930

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(First Pub 11 13 30)4 NOTICE OF SUIT Notice is herby given that Launce W. Gibson, as plaintiff, has filed his petition in the District Court of Boyd County, Nebraska, against George Cronkleton, as Receiver of The First National Bank of Bristow, Nebraska, R. H. Harris, first name unknown, Mrs. R. H. Harris, his wife, first name unknown, John Doe and Mrs. John Doe, his wife, real and true names unknown, and Lot 7, Block 2, Bristow Village, Boyd County, Nebraska, as defendants; the object and prayer of said petition being to establish and foreclose a tax lien based upon tax sale certificate No. 131, executed and delivered to the plaintiff by the County Treasurer of Boyd County, Nebraska, on the 7th day of November, 1927, at County Treasurer's Delinquent Public Tax Sale, for subsequent taxes paid under said certificate, and' for general equitable relief. Said defendants and each of them are required to answer the petition of the plaintiff on or before the 22 day of December, 1930. LAUNCE W. GIBSON, Plaintiff, Ey Shurtleff & Spillman His Attorneys.


Article from Butte Gazette, August 6, 1931

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Article Text

REAL ESTATE TRANSFERS W. D. Lucy Coakley to John Coakley, $1000, Lots and sec. 32, Lots 7, nw, nw SW 10. Charles L. Tienken and wife to Gertrude M. Tienken, $1, ne 84, 15. Village Board of Trustees of Butte to Thomas Grady, $20, Lot 50, Blk. Butte cemetery. August Lihs to Josephine Lihs, $1, nw, n½ SW 23, 33, 11. William McPartland to The Penn Mutual Life Insurance Co., $1, Lot SW nw Lots sec. Charles E. Orr and wife to John Zeissler and Beth Zeissler, $2000 SW nw, nw SW 10, Lot 14, all 15, Blk. Annie's Add., Lynch. Jacob M. Serk and wife Dawson, $1, pt. 34, Opal Nolte and husband to First State Bank of White Owl $1, Lot Blk. 12, Lynch. Wiley Barnes, Sheriff, to R. Harris, $1365.81, Lots SW 23, 33, 10. Rec. D. George G. Cronkleton, Receiver First National Bank, Bristow, to Robert H. Harris, $2600, Lot Blk. Bristow.