Brunswick Bank - Brunswick, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: September 13, 1929
Location: Brunswick, Nebraska (42.338, -97.971)

Metadata

Model: gpt-5-mini
Short Digest: bd13c3b3

Response Measures

None

Description

Article (Neligh Leader, 1929-09-13) describes depositors signing waivers to permit reorganization and reopening of the Brunswick Bank after examination of assets. There is no mention of a depositor run; the bank appears to have been suspended/closed and is planning to reopen under a reorganization in which depositors waive 70% of claims and receive 30% on reopening.

Events (2)

1. September 13, 1929 Reopening

Newspaper Excerpt: The agreement was drawn up and many have already signed and thought the required 85 percent to make possible its acceptance and the reopening of the bank will be attained. The depositors under the agreement waive 70 percent of the assets and receive 30 percent of their claims at once on the reopening of the bank . . . .
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank found to have insufficient/deficient assets; depositors and stockholders agreed to reorganization and waivers (depositors waive 70% of assets).
Newspaper Excerpt: Plan Reorganizing Brunswick Bank, Stockholders and depositors of the Brunswick bank met last Friday and drew up an agreement for signature, which if generally accepted result in the reorganization and opening of the bank on sound basis.
Source: newspapers

Newspaper Articles (1)

1. September 13, 1929 Neligh Leader Neligh, NE

Article from Neligh Leader, September 13, 1929

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Article Text

DEPOSITORS SIGN WAIVERS Plan Reorganizing Brunswick Bank, Stockholders and depositors of the Brunswick bank met last Friday and drew up an agreement for signature, which if generally accepted sult in the reorganization and opening of the bank on sound basis. Following the reading of report of committee appointed to make examination of the assets of the bank, the agreement was drawn up and many have already signed and thought the required 85 percent to make possible its acceptance and the reopening of the bank will be tained. The depositors under the agreement waive 70 percent of the assets and receive 30 percent of their claims at once on the reopening of the bank How much more they will receive ultimately depends upon the amount realized from the assets of the bank not acceptable under the reorganization. Rains Come at Last The first general rains to north Nebraska since early in July started the latter part of last week and the ground good broke long heat Most sections course visited showers the mean time. While the rain came too late to increase the corn it will be of great benefall pastures, fall grain and stop the too quick drying up of the slight frost visible on two mornings, but far can observed no harm was done. Card of Thanks To the many friends and neighbors, who so generously assisted during the illness and at the time of the death of our husband, father and brother, for their kindly deeds, words and floral offerings, we desire to our heartfelt appreciation. MRS. JOHN TIMM AND MR. AND MRS. JOE TIMM, MR. AND MRS. HENRY HENKE. Falls From Bike on Ax Wayne Wright, son Mr. and Mrs. Wright, suffered painful accident the last of the week. While riding down town on his bicycle the hind wheel skidded on the wet pavement, throwing him to the street. small hand ax he was carrying in his belt cut deep gash in his side. Col. Haynes seeing the accident gave first aid and called Dr. Harriwho dressed Wayne's injuries. While the accident was not of ious nature was very painful.