Commercial National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 5180
Charter Number: 5180
Start Date: January 23, 1933
Location: Columbus, Nebraska (41.430, -97.368)

Metadata

Model: gpt-5-mini
Short Digest: dd33a96a

Response Measures

None

Receivership Details

Depositor recovery rate: 84.0%
Date receivership started: 1933-01-24
Date receivership terminated: 1938-06-02
Share of assets assessed as good: 29.5%
Share of assets assessed as doubtful: 60.4%
Share of assets assessed as worthless: 10.1%

Description

Bank was closed voluntarily by its directors (no run reported). Closure attributed to heavy and frozen assets (bank-specific adverse information). A receiver was appointed days later. OCR minor headline discrepancy ('Columbus National' vs. 'Commercial National') corrected based on article body.

Events (4)

1. February 24, 1899 Chartered

Source: historical_nic

2. January 23, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Directors closed the bank citing heavy and frozen assets; deposits reported $427,412.
Newspaper Excerpt: Commercial National bank... closed Monday by its directors. Heavy and frozen assets are blamed.
Source: newspapers

3. January 24, 1933 Receivership

Source: historical_nic

4. January 30, 1933 Receivership

Newspaper Excerpt: George G. Cronkleton of Hastings has been appointed receiver of the Commercial National bank here. C. W. Lyon, national bank examiner in this district, has been in charge since the bank was closed voluntarily by its directors last week.
Source: newspapers

Newspaper Articles (2)

1. January 25, 1933 The Omaha Morning Bee-News Omaha, NE

Article from The Omaha Morning Bee-News, January 25, 1933

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Article Text

Columbus National Closed by Directors Commercial National bank, business institution dating back to 1888, closed Monday by its directors. Heavy and frozen assets are blamed. Deposits totaling $427, 412 were reported by the bank in its last call. D. A. Becher, mayor of Columbus, was president, and H. A. Vierguts, cashier. D. A. Becher, George W. Galley and G. W. Vierguts comprised the directorate. Capital stock was $50,000.

2. January 30, 1933 The Omaha Evening Bee-News Omaha, NE

Article from The Omaha Evening Bee-News, January 30, 1933

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Article Text

G.G. CRONKLETON NAMED COLUMBUS BANK RECEIVER George G. Cronkleton of Hastings has been appointed receiver of the Commercial National bank here. C. W. Lyon, national bank examiner in this district, has been in charge since the bank was closed voluntarily by its directors last week.