Brunswick State Bank - Brunswick, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1929*
Location: Brunswick, Nebraska (42.338, -97.971)

Metadata

Model: gpt-5-mini
Short Digest: d9d96c82

Response Measures

None

Description

Articles report the Brunswick State Bank 'recently closed' (Sept 13, 1929) and a reorganization plan conditioned on depositor agreement; later court docket (Dec 27, 1929) references 'Flannigan, Receiver', indicating receivership and proceedings. No explicit run is mentioned, so this is classified as a suspension that led to closure/receivership.

Events (3)

1. September 1, 1929* Suspension

Cause Details: Article notes the bank 'recently closed' but gives no cause (no run or specific adverse reason reported); reorganization plan proposed where depositors waive 70% to receive 30% on reopening.
Newspaper Excerpt: Stockholders and depositors of the Brunswick State bank, which recently closed, met Friday evening to hear a report of the committee investigating the assets of the bank.
Source: newspapers

2. September 13, 1929 Other

Newspaper Excerpt: An agreement was drawn up whereby depositors waive 70 percent of the assets and receive 30 percent on the day of reopening. Eighty percent of the depositors must sign this agreement, after which the re-organization will be made.
Source: newspapers

3. December 27, 1929 Receivership

Newspaper Excerpt: Brunswick State Bank. Flannigan, Receiver V. Wunner. Motion to strike defendant's crosspetition sustained.
Source: newspapers

Newspaper Articles (2)

1. September 13, 1929 The Orchard News Orchard, NE

Article from The Orchard News, September 13, 1929

Click image to open full size in new tab

Article Text

REPORT MADE ON BRUNSWICK BANK Stockholders and depositors of the Brunswick State bank, which recently closed, met Friday evening to hear a report of the committee investigating the assets of the bank. An agreement was drawn up whereby depositors waive 70 percent of the assets and receive 30 percent on the day of reopening. Eighty percent of the depositors must sign this agreement, after which the re-organization will be made.

2. December 27, 1929 The Orchard News Orchard, NE

Article from The Orchard News, December 27, 1929

Click image to open full size in new tab

Article Text

Brunswick State Bank. Flannigan, Receiver V. Wunner. Motion to strike defendant's crosspetition sustained. Defendant ex cepts. Nebraska Central B. & L. A. Helen M. Schultz, et al. Decree of foreclosure and sale as prayed. De Bow v. Hladovcak, et al. Decree of foreclosure as prayed. Stock Yards National Bank v. Elgin State Bank. Decree quieting title in plaintiff as prayed. Mummert V. Batie. et al. Decree of foreclosure as prayed. Sibberson V. Reefe et al. Decree of foreclosure as prayed. Flannigan, Receiver V. Rishling Finding for plaintiff. Judgment on finding. Scott V. Giles, et al. Decree cance!ing mortgage as prayed and quieting title in plaintiff. Citizens State Bank vs. Paulson Finding for plaintiff. Judgment on finding. Conservative Saving & Loan. V. Menebroker, et al. Death of Herman Glampe suggested and his heirs at law substituted as parties defendant. Hovelrud, et al V. Lanrud, et al. Amount in Clerk's hands ordered paid to Adminsitrator. Scott V. Forbes. Clerk ordered to journalize confirmation. Mankey V. Forbes. Clerk ordered to journalize confirmation. Browing vs. Carey. Judgment revived as prayed. Simmons Simmons. Final report of referee approved and bondsmen re. leased.