12931. Bank of Crab Orchard (Crab Orchard, NE)

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1928*
Location: Crab Orchard, Nebraska (40.335, -96.422)

Metadata

Model: gpt-5-mini
Short Digest: 292a96f1

Response Measures

None

Description

Articles indicate the Bank of Crab Orchard was closed in December (prior year to 1929) and placed in the hands of the state's guaranty fund/receiver. No contemporaneous run is described. The bank remained closed and a receiver (state-appointed) was managing affairs; assistant receiver took charge in June 1929. Dates in articles omit day and year for the December closing; I infer December 1928 from 1929 reporting that says since December last.

Events (4)

1. December 1, 1928* Suspension

Cause: Government Action
Cause Details: Bank placed in hands of the state guaranty fund/receiver following closure in December; state court orders transferring institutions to State Department and appointing receiver(s).
Newspaper Excerpt: the bank was closed Dec. ... the guaranty fund never had in charge
Source: newspapers

2. June 8, 1929 Receivership

Newspaper Excerpt: John M. Eiser ... to assume his duties as assistant receiver of the Bank of Crab Orchard. C. Wisda, who has been conducting the bank's affairs since December last, will remain in charge as local agent.
Source: newspapers

3. July 10, 1929 Other

Newspaper Excerpt: Claims as filed allowed in the of $68,825.70 against the guaranty fund of the state of Nebraska. ... The receiver of the bank objects, and was given time by the court to prepare his objections.
Source: newspapers

4. October 31, 1929 Other

Newspaper Excerpt: Clarence Bliss receiver for the Bank of Crab Orchard ... receiver of the bank is resisting foreclosure by the Aetna company of deeds on real estate mortgage owned the late Rothell, who was president of the bank when was closed in December.
Source: newspapers

Newspaper Articles (7)

1. May 24, 1929 The Lincoln Star Lincoln, NE

Article from The Lincoln Star, May 24, 1929

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Article Text

CHANGE IN BANK CONTROL BEGINS Fifty-three Institutions Being Transferred to State Deparment. Million Dollar Assets to Be Handed Over by Guaranty Fund. state banks which were in the hands of the guaranty fund commission, but not yet placed in at the time the new law went into effect abolishing that body and transferring its assets the trade and are in process of being turned by formal court orders in the various judicial districts. The first three of this number came into of State Commerce Secretary Bliss on Thursday, when orders entered by Judge John Rapler in district court Tecumseh. him receiver and him to take charge of them. cated at Crab Orchard. Rohrs, and Another bank at Humboldt, the Nebraska State, on the list similar action, but its depositors and stockholders are making efforts and upon the request the state official continuance until June was taken to order them time work out the This bank closed April and the guaranty fund never had in charge. the had been passed the legislature adjourned prior that date. Eleven banks were on the calendar for transfer Friday. suborder of the district court other and

2. June 8, 1929 The Tecumseh Chieftain Tecumseh, NE

Article from The Tecumseh Chieftain, June 8, 1929

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Article Text

Is Assistant Receiver. Crab Orchard Herald: John M. Eiser of Nebraska City was here, Tuesday, to assume his duties as assistant receiver of the Bank of Crab Orchard. C. Wisda, who has been conducting the bank's affairs since December last, will remain in charge as local agent.

3. July 18, 1929 The Sterling Sun Sterling, NE

Article from The Sterling Sun, July 18, 1929

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Article Text

COURT HOUSE NEWS IN THE DISTRICT COURT Court was in session Wednesday, July 10 and Judge Raper took care of the following business: Charles McKinney VS. Helen Halepesks McKinney; For affirmation of marriage. Motion of defendant's attorney, L. C. Westwood, to dismiss the case argued, but no action taken by the court because a case covering the same subject matter is pending in Douglas County Court. Mrs. McKinney filed suit for annulment of the marriage in Douglas Co and the case attracted state-wide notice at the time because of the unusual allegations of the plaintiff, namely that she had been forced to go through the wedding ceremony because McKinney threatened to blow out his brains if she did not and that she was in a hypnotic state during the ceremony. Mr. McKinney recently. by his attorney, Raymond Morrissey, objected to the jurisdiction of the Omaha court on account of lack of residence of Helen Halepeska McKinney in that county and was sustained by the court. However, motion for rehearing having been filed by the plaintiff, the case is still pending Douglas Co. and the Johnson Co. Court will wait till such time as disposed of before determining the local action. State of Nebraska, ex rel. Sorenson, attorney general, VS. the Bank of Crab Orchard. Claims as filed allowed in the of $68,825. 70 against the guaranty fund of the state of Nebraska. The claim of school district No. 12 (north of Crab Orchard) for payment of its deposIt in full was before the court on the ground that since the treasurer of school district is forbidden to loan school money, his deposit of funds in the bank was not in the ordinary course of business, but really created a trust fund, which would of course create preferred claim against the bank. The receiver of the bank objects, and was given time by the court to prepare his objections.

4. October 31, 1929 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, October 31, 1929

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Article Text

ROTHELL CASE TO TRIAL Crab Orchard Bank Receiver Resists Suit to Foreclose Mortgage. Suit of the Aetna Life Insurance company of Hartford against George Endres. administrator of the estate of the late Charles Rothell of Crab Orchard, to foreclose mortgage deed to certain real estate, went to trial Thursday morning before Judge Munger. The being resisted by Clarence Bliss receiver for the Bank of Crab Orchard, of which Mr. Rothell was managing officer for more than twenty years before his death Dec. 14. The bank was closed Dec. The Aetna company holds note and mortgage deed made by Mr. and Emma Rothell in 1918, involving 320 acres Johnson county land as security for loan of $12,000. The note to run six years later extended to Jan. 1929. It still unpaid, the company says, together with the $660 interest coudue Jan. Mr. Bliss Mr. Rothell's misfor the closing of the bank, and that the institution had about of questionable when closed. all of which Rothell guaranteed make He deeded all his real estate to the receiver for purpose, including that on which the Aetna company seeking foreclose. George Endres, administrator, declines recognize liability, and Bliss says that unless is allowed, the

5. October 31, 1929 Lincoln Journal Star Lincoln, NE

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Article Text

CASE Crab Orchard Bank Receiver Resists Suit to Foreclose Mortgage. Suit of the Aetna Life Insurance company of Hartford against George L. Endres. administrator of the estate of the late Charles Rothell of Crab Orchard, to foreclose mortgage deed to certain real estate, went to trial Thursday morning before Judge Munger The suit being resisted by Clarence Bliss receiver for the Bank of Crab Orchard, of which Mr. Rothell was managing officer for more than twenty years before his death last Dec. The bank closed Dec. The Aetna company holds note and mortgage deed made by Mr. and Emma Rothell 1918, involving 320 acres Johnson county land security for loan The note was run six years was later extended Jan. 1929. is still the insurance company says, gether with the $660 interest coupon Jan. Bliss says Mr. Rothell's mismanagement was responsible the closing the bank, and that the institution had about questionable assets when was closed. all of which Rothell guaranteed to make good He deeded all his real estate receiver this purpose, including that which the Aetna company seeking foreclose. George Endres, administrator, declines to recognize this liability, and Mr. Bliss that unless is allowed, the

6. November 1, 1929 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, November 1, 1929

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Article Text

SHOW CONDITION BANK Receiver of Crab Orchard Bank Is Resisting Foreclosure. Evidence to show the condition of the Bank of Crab Orchard was introduced afternoon in federal court, where the receiver foreclosure by the Aetna company of deeds on real estate mortgage owned the late Rothell, who was president of the bank when was closed in December Mr. Rothell made his real estate to the bank to take up or make good lot questionable new notes, is alleged, and if the Aetna company is to foreclose its mortgage, the depositors of the bank will suffer Jay Moore of Tecumseh representing the administrator of Mr. Rothestate the trial. Wisda H. Vermoos, state agents charge of the bank since was closed, testified during the afternoon.

7. November 2, 1929 The Tecumseh Chieftain Tecumseh, NE

Article from The Tecumseh Chieftain, November 2, 1929

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Article Text

CONDITION OF BANK Receiver of Crab Orchard Bank ReState Journal: Evidence to show the condition of the Bank of Crab Orchard was introduced, Thursday afternoon, in federal court, where the ceiver is resisting foreclosure by the Aetna Insurance Company of mortgage deeds on real estate owned by the late L. Rothell, who was president of the bank when was closed in December. Mr. Rothell his real tate to the bank to take up or make good lot of questionable notes, it is alleged, and, if the Aetna Company is allowed to foreclose its mortgage the depositors of the bank will suffer. Jay C. Moore of Tecumseh is representing the administrator of Mr. Rothell's estate at the trial. Wisda and H. Burmood, state agents in charge of the bank since it was closed, testified during the afternoon.