12962. Butler County State Bank (David City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 17, 1931
Location
David City, Nebraska (41.253, -97.130)

Metadata

Model
gpt-5-mini
Short Digest
f88e613a

Response Measures

None

Description

Multiple contemporaneous newspapers (Aug 17, 1931) report the Butler County State Bank of David City voluntarily failed to open following recent suspensions in Omaha. Assistant receivers were named Aug 22, 1931, indicating the bank remained closed and entered receivership. Cause attributed to closures/suspensions in Omaha (distress of other local/state banks).

Events (2)
1. August 17, 1931 Suspension
Cause
Local Banks
Cause Details
Voluntary closure (failed to open) triggered by recent suspensions/closures of Omaha state banks; banks closed to protect depositors and to share funds equitably; reserve funds were tied up with Omaha institutions in distress.
Newspaper Excerpt
the Butler County bank of David City ... failed to open for business today ... the closings were the result of recent bank suspensions in Omaha.
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
J. C. Wisda, Ord, Butler County State bank of David City ... assistant receivers named for out-state banks ... E. H. Luikart ... is the receiver for all the closed state banks.
Source
newspapers

Newspaper Articles (12)
1. August 17, 1931 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, August 17, 1931

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SOUTH DAKOTA VISITED BY FOWLER McCORMICK Fowler northwest district manager of the International Co. and member noted for harvesting spending few South Dakota survey farm Tuesday and Cogdell local tional his tour They visited Winner and Martin, and then the Black tour take in all sections of the state. NEBRASKA BANKS CLOSE Aug. Nebraska state banks today failed open doors for The the result of cent bank in Omaha, The six banks had total deposits banks are the State bank Pleasant Dale: the Dwight bank Dwight: Brainard bank of Brainard: Bruno State State bank Bruno: the Butler County bank David City, and the Leigh State bank Leigh Two of the fastest motor have been to the Wales. is said to out Prince for racing records.

2. August 17, 1931 Rapid City Journal Rapid City, SD
Article from Rapid City Journal, August 17, 1931

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Nebraskans Feel Effect Of Omaha Bank Closing Lincoln, Neb., Aug. 17 Nebraska state banks today failed open their doors for business both the state trade and said the closings the result of bank Omaha. The six banks had total deposits The banks the First State Bank Pleasant Dale: the Dwight State Bank Dwight: the Brainerd State Bank of Brainerd the Bruno State Bank Bruno: the Butler County Bank of David City, and Leigh State Bank of Leigh.

3. August 17, 1931 The Evening Sun Baltimore, MD
Article from The Evening Sun, August 17, 1931

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6 SMALL NEBRASKA First Family Of China BANKS FAIL TO OPEN Meets At Mother's Bier Closings Are Called Result Of Suspensions In Omaha Nebraska State banks failed to open for business today. Gov. Charles W. Bryan and E. H. Luikart, Secretary of the State Department of Trade and Commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,180,000. They were the First State Bank, of Pleasant Dale: the Dwight State Bank of Dwight; the Brainard State Bank, of Brainard: the Bruno State Bank. of Bruno: the Butler County Bank. of Davis City, and the Leigh State Bank. of Leigh. Four Ohio Banks Remain Closed Toledo banks with combined resources of more than failed to open for business this morning. while eleven saving associations ceased payments of deposits during the present financial In accordance with the request of directors of the four institutions, the State Banking Department prepared to take over their affairs to conserve assets in the face of previous steady by depositors. City police and detectives, acting under orders of Police Chief Haas, patroled the banking districts in preparation for any public emergency. Meanwhile there was pending meeting between Mayor W. T. Jackson and Adj-Gen. Frank D. Henderson. Columbus, commanding the Ohio National Guard. Late Saturday, directors announced closing of the Commerce Guardian Trust and Savings Bank. the Ohio Savings Bank and Trust Company and the Commercial Savings Bank and Trust Company Yesterday, in the wake of these announcements, came word from directors of the fourth institution. the American Bank, State bank. that it would be forced to close its doors also because its reserves were tied up in two of the banks suspending operaIt was indicated that conferences relative to reorganization may be started within week or ten days. Three Famous Daughters, Two Distinguished SonsIn-Law And Three Sons Gather To Mourn Death Of Mother-In-Law Of Revolution Family' one of their rare reunions in Shanghai tonight This time they gathered around the bier of their mother. Mme. K. T Soong. sometimes referred to as the mother-in-law of the Chinese revoluMme. Soong died in Tsingtao July 23 shortly after receiving word of the attempted here of her son, T. V. Soong. vice-chairman Finance Minister of the Chinese Nationalist Government. The gathering was completed late today with the arrival of Chiang Kaishek, head of the Nationalist Government, from Nanchang to attend the two-day funeral. Chiang Kai-shek is son-in-law of Mme. Soong. Mme. Soong numbered in her family three famous daughters, two distinguished sons and three sons all of whom. gathered at the bier. emphasized how the object of their mourning had wielded an influence on modern China such as few women have exercised in any nation in his- Besides President Chiang Kai-shek ter of Mme. Soong and widow of the founder of the Chinese Republic: Mme H. H. Kung. another daughter and wife of the Nationalist Minister of third daughter: T. V. Soong. Minister of Finance and vice-chairman of the Nationalist and younger sons, T. L. Soong and T. N. Soong. who hold minor Government positions. Daughter Returns From Exile Mme. Sun Yat-sen returned from voluntary exile in Europe to attend the funeral and thus temporarily rejoined the kinsmen from whom she had been politically and spiritually estranged since Today's rites at the Soong home included Christian service. Mme. Soong was a Christian. and reared six children in that faith. It was in her home and largely under her influence that Chiang Kai-shek last year was baptized in the Methodist Episcopal Church South. Mine Soong had been widow since 1928. She will be buried tomorrow. Banking and Insurance. Mr. Bristow said the closing was ordered to protect the depositors of the bank. which capitalized at $250,000. In separate announcement today it was stated that the Richmond Trust Company here had been acquired by the American Bank and Trust Company of Richmond. Officers of the Richmond Trust Company were interented in the Hopewell bank. but the ansaction did not involve the latter institution. it was stated.

4. August 17, 1931 Fremont Tribune Fremont, NE
Article from Fremont Tribune, August 17, 1931

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SIX BANKS IN STATE CLOSED Voluntary Action to Protect Public LINCOLN, Aug. 17 state deposits estimaggregate volunclosed doors today The according Gov Charles who spoke for the direct result of the closing the Union State bank Omaha.' Closed today were the following state banking First State Pleasant Dale Dwight State bank, Dwight Brainard Brainard. Bruno State bank. Bruno. Butler County bank, David City. Leigh State Leigh. The closures announced today brought total of 10 the number state banks which have closed their doors within many All of the suspensions were said have brought about the failure last Monday the State Omaha, the subseclosing Omaha's other three uptown state banks. Banking officials expressed belief there be little loss in the closures They was pointed out, and an attempt banking officials to protect their depositors. Officers and financial structure the banks closed today were listed the banking department as follows First State bank. Pleasant deposits president; William Dwight State bank. deposits State deposits Sennin, vice president; Proskovec, Bruno bank. deposits, president: vice president; Roh, cashier Butler County State bank. David deposits $180.000; Joseph Shramek, president: Meysenpresident; R. Havelka, cashier Leigh State Nelson,

5. August 17, 1931 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, August 17, 1931

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Six Small Nebraska Banks Fail to Open Lineoln, Nebr. small Nebraska state banks failed to open for business today. Gov. Charles W. Bryan and E. K. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of $1,120,000. They were the First State bank of Pleasant Dale: The Dwight State bank of Dwight, The Brainard State bank of Brainard; The Bruno State bank of Bruno; The Butler County bank of David City, and the Leigh State bank of Leigh.

6. August 17, 1931 The Grand Island Independent Grand Island, NE
Article from The Grand Island Independent, August 17, 1931

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SIX SMALL BANKS Lincoln, Neb., Aug. braska state banks today failed open their doors for business and both Governor Charles and Luikart, secretary of the state department of trade and commerce, the closings were the result recent bank suspensions in Omaha six banks had total deposits of approximately $1,120,000. The banks are the First State Bank Pleasant Dale; the Dwight State Bank of Dwight; the Brainard State Bank Brainard: the Bruno State Bank Bruno; the Butler County Bank David City, and the Leigh Bank Leigh. Bryan and Luikart said officials the banks decided to close them that the would have greater chance of sharing equally the banks' funds. They said the Leigh State bank had its reserve funds deposited the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State Bank of Omaha which closed last week. Officers and of the suspended banks by the First State of Pleasant Dale, posits about $140,000; Horacek, cashier. Dwight State bank, deposits about $180,000; Novak, president; Tomes, cashier. Brainard State bank, deposits about $280,000; Davis, president; Fred Sennin, vice president; Proskovec, cashier. Bruno State bank, deposits about Rohn, Tomek, president; Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, Leigh State bank, deposits about with balance. Vlach, Lee Vlach, acting sioner, said that to up the Nelson, cashier. claims

7. August 18, 1931 The San Bernardino County Sun San Bernardino, CA
Article from The San Bernardino County Sun, August 18, 1931

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Six Small Nebraska State Banks Closed Associated Press) Six small Nebraska state banks failed open today Governor Charles Bryan and E. H. Luikart retary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits approximately 180,000 They the First State bank of PleasDale the Dwight State bank Dwight the Brainard State bank Brainard Bruno State bank Bruno. the Butler County bank of Davis City, and the Leigh State bank of Leigh.

8. August 18, 1931 The Independent-Record Helena, MT
Article from The Independent-Record, August 18, 1931

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TO page meeting tomorrow of the citizens' committee recently named by Mayor William Jackson to study the city's unemployment and poor lief problem. OLD STORY Chicago, Aug. Gilruth, receiver for twelve closed banks controlled by John Bain, former member of the South Park board, today issued statement declaring that his sons, and three companies in which Bain was interested the banks more than mostly on notes backed up with collateral State's Attorney John Swanson said "The state's attorney's office will certainly investigate the matter.' IN NEBRASKA Lincoln, Neb., Aug. Six small Nebraska banks failed open business today. Gov. Charles W. Bryan and H. Luiksecretary of the state department of trade and commerce, said the closings were the result of cent bank suspensions in Omaha. The six banks had total deposits approximately They the First State bank of Pleasant Dale: the Dwight State bank Dwight, the Brainard State bank of the Bruno State bank of Bruno, the Butler County bank David City. the Leigh State bank of Leigh. Bryan and Luikart said officers the banks decided to close them that all depositors would have greater chance of sharing equally the banks funds.

9. August 18, 1931 Star-Herald Scottsbluff, NE
Article from Star-Herald, August 18, 1931

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SMALL BANKS FAIL TO OPEN MONDAY Pleasant Dale, Dwight, Brainard, Bruno, David City and Lincoln, Aug. 17. small Nebraska banks failed open for business today Gov. Charles W. Bryan and E. Luikart. secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,180,000. They were the First State Bank of Pleasant Dale: the Dwight State Bank of Dwight, the Brainard State Bank of Brainard: the Bruno State Bank of Bruno: Butler County bank of David City, and the Leigh State Bank of Leigh. Omaha Closings Cause Others Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the banks bunds. They said the Leigh State bank had its reserve funds deposited in the South Omaha State bank, which closlast week and that the other five banks that funds on deposit with the Union State Bank of Omaha, which also closed last week.

10. August 19, 1931 Osmond Republican Osmond, NE
Article from Osmond Republican, August 19, 1931

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SIX STATE BANKS SUSPEND BUSINESS Omaha Unrest Is Blamed Six state banks, having deposits estimated to aggregate $1,120,000 voluntarily closed their doors Monday. The closures, according to Governor Bryan who spoke for the state banking department, were "a direct result of the closing of the Union State Bank of Omaha." Closed Monday were the following state banking institutions: First State bank, Pleasant Dale. Dwight State bank, Dwight. Brainard State bank, Brainard. Bruno State Bank, Bruno. Butler County State bank, David City. Leigh State bank, Leigh. The closures announced Monday brought to a total of 10 the number of state banks which have closed their doors within as many days. All of the suspensions were said to have been brought about by the failure last Monday of the State Bank of Omaha, and the subsequent closing of Omaha's other three uptown state banks. Banking officials Monday expressed belief there would be little loss to depositors in the closures announced. They were voluntary, it was pointed out, and represented an attempt of banking officials to protect their depositors. ufacturing company last week, arrested four persons and confiscated 1,250 gallons of "liquid malt." The plant was located in the old Jetter Brewing company building. charges were filed, not because the liquid malt was sold but because an agent of the company told undercover men how to proceed to transform the malt into beer with a 4 to 8 per cent "kick." Hellerman said his company sold the malt in strictly legitimate channels and that he was not responsible if some persons took advantage of it and made beer of it by adding yeast and sugar. The malt is indispensable to bakeries and other legitimate users, he said. Those arrested were Hellerman and Carl Haase, shipping clerk, Miss Selma Kamrath, bookkeeper, and James Novak, brewmaster. Ten agents took part in the raid. Books of the company showed the malt had wide distribution throughout the state. The Jetter Brewing company quit operating some years ago and the Magic company rented a part of its building.

11. August 23, 1931 Omaha Sunday Bee-News Omaha, NE
Article from Omaha Sunday Bee-News, August 23, 1931

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HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.

12. August 23, 1931 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, August 23, 1931

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Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.