12916. Columbus State Bank (Columbus, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 27, 1932
Location
Columbus, Nebraska (41.430, -97.368)

Metadata

Model
gpt-5-mini
Short Digest
31e8254a

Response Measures

None

Description

Articles report that the Columbus State Bank was suspended by the banking department on Dec. 27, 1932 and a receiver handled the institution (dividends paid and litigation against the receiver). No article describes a depositor run; receiver and dividend payments indicate permanent closure/receivership rather than reopening. OCR errors in Article 2 make some lines garbled; I used the publication date to date the suspension.

Events (3)
1. December 27, 1932 Suspension
Cause
Government Action
Cause Details
Suspended by the state banking department to reorganize; examiner named and department action cited.
Newspaper Excerpt
COLUMBUS BANK IS SUSPENDED TODAY
Source
newspapers
2. January 1, 1933* Receivership
Newspaper Excerpt
the receiver for the Columbus State bank ... suit against the receiver; dividends paid by Columbus State Bank $20,900.46 or 5% ... prior payments $250,805.63 or 60%. (Nebraska Legal News, 1933-01-14 and later articles referencing receiver)
Source
newspapers
3. January 14, 1933 Other
Newspaper Excerpt
Columbus State Bank $20,900.46 or 5%, prior payments $250,805.63 or 60%. (Bank dividends listed).
Source
newspapers

Newspaper Articles (6)
1. July 28, 1932 The Columbus Telegram Columbus, NE
Article from The Columbus Telegram, July 28, 1932

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Article Text

SHERIFF'S SALE virtue of order sale By sued by Graf. Clerk of the Court of Platte County, upon decree rendered in said court in favor receiver Home Savings Bank of Cothe lumbus, Nebraska, receiver Columbus State Bank Nebraska. and receiver the Farmers State Bank of Platte Nebraska, against Albert Phillips, and for the the following described real estate The South one-third of the North Half Lot in Block No. of the original city Columbus, situate Platte County, Nebraska, with the right of easetogether ment ingress and egress and including benefits and burdens under contract with one Theodore all of which shown in the decree entered said court, will on the 9th day August, 1932, o'clock said the south front door the of said county, Columbus, Nebraska, sell said real estate public auction to the highest bidder for cash, satisfy decree, the amount due therethe aggregate being the sum plus interest said sums from October 1931, 10% Sheriff of Platte County.

2. December 27, 1932 Fremont Tribune Fremont, NE
Article from Fremont Tribune, December 27, 1932

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Article Text

COLUMBUS BANK IS SUSPENDED TODAY LINCOLN, Dec. Farmers suspended to reorganize, according the department Capital of the bank and the surplus William Bucher the institution and Boehm cashier. Examiner L. Hallstead charge. LINCOLN, Dec. of Chalco have liquidabank's assets, the department of trade and The dividend $8,992. First State bank Dale been paid cent dividend, amountto $6,329.

3. January 14, 1933 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, January 14, 1933

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Article Text

BANKING NEWS BANK DIVIDENDS State Bank of Cedar Bluffs was closed December 28, 1932. State Bank of Irvington to pay 10% or $2,169, second dividend. Columbus State Bank $20,900.46 or 5%, prior payments $250,805.63 or 60%. Bank of Ashton $12,475.12 or 4% January 3, 1933, prior payments $93,563.70 or 30% Allen State Bank $4,292.68 or 1.5% January 7, 1933. Prior payments $85,852.05 or 30% State Bank of Bee $3,610.93 or 5% January 11, 1933, prior payments $21,665.24 or 30% Farmers State Bank of Stapleton to pay $7,057.76 or 10% dividend as of January 3, 1933. Citizens State Bank, Geneva $11,339.97 or 3.5% December 31, 1932. Prior payments $65,896.85 or 20%. 12% paid during going bank period.

4. March 2, 1933 Arlington Review-Herald Arlington, NE
Article from Arlington Review-Herald, March 2, 1933

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Article Text

TEACHER LOSES $145 Lincoln, supreme court has denied rehearing in the case from Platte county where Bertha Gross, a Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail it. The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the money to her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.

5. March 2, 1933 Sumner News Sumner, NE
Article from Sumner News, March 2, 1933

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Article Text

TEACHER LOSES $145 Lincoln, Neb.-(Special)--The supreme court has denied a rehearing in the case from Platte county where Bertha Gross, a Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing a warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail it. The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the money to her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.

6. March 3, 1933 The Pender Republic Pender, NE
Article from The Pender Republic, March 3, 1933

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Article Text

TEACHER LOSES $145 Lincoln, supreme court has denied rehearing in the case from Platte county where Bertha Gross, Columbus school teacher, sought to recover $145 from the receiver for the Columbus State bank. Miss Gross, after placing warrant for that amount in an envelope, gave it to one of her pupils and instructed her to mail The child took the warrant to the bank and told the cashier the teacher wanted it cashed, after which she converted the monto her own use. The court ruled the girl was an agent of Miss Gross and she was not entitled to recover from the bank's receiver.