Article Text
bank (receiver) $10,000: Duncan State bank (receiver) $53,250; State Bank of Elkhorn (receiver) $25,800; Wallace National bank of Exeter $60,000; Hazard State bank (re-
12992. Duncan State Bank (Duncan, NE)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- May 4, 1934
- Location
- Duncan, Nebraska (41.389, -97.495)
Metadata
- Model
- gpt-5-mini
- Short Digest
e256a2d2
Response Measures
None
Description
Articles (May 4, 1934) list Duncan State Bank as a bank in receivership and show an RFC loan authorized to the institution for $53,250. No article describes a depositor run or agitation; the bank is in receivership (government action) and therefore treated as closed/permanently suspended.
Events (1)
1.
May 4, 1934
Suspension
- Cause
- Government Action
- Cause Details
- Bank listed as in receivership; RFC authorized a loan of $53,250 to the Duncan State Bank (receiver).
- Newspaper Excerpt
- Duncan State bank (receiver) $53,250
- Source
- newspapers
Newspaper Articles (5)
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Article Text
NEBRASKA BANKS Advances Authorized for Eight in the State. WASHINGTON. (AP). Jesse H. Jones, the tion Finance said report RFC January that eight Nebraska banks had been authorized loans. The report showed the ration had authorized to banks, buildand loans associations, insurcompanies, agricultural credit corporations, loan panies federal land banks. The Omaha federal land bank was thorized borrow millions month, and the Regional Agricultural Credit poration at Sioux totaled Nebraska bank loans authorized State bank (receiv$15,400; Creighton National (receiver), $10,000; Duncan State (receiver), $53,250; State Bank Elkhorn (receiver), $60,000; Hazard State Platte County Platte Center (reand State bank (receiver),
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REVEAL LOANS TO EIGHT BANKS May H. Jones, chairman of the n Corp., said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling The Omaha Federal Land bank was authorized to borrow million dollars during the month, and loans to the Regional Agricultural Credit Corp at Sioux City totaled Nebraska bank loans authorized were: Clatonia State bank ceiver) $15,400; Creighton Na. tional bank (receiver) $10,000; Duncan State bank (receiver) $53,250: State Bank of Elkhorn (receiver) $25,800; Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36. 900, and Rockville State bank (receiver)
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Article Text
Eight Nebraska WASHINGTON, May Jesse H. Jones, chairman of the Corp., said in his report of RFC operations January that eight Nebraska banks had been authorized loans. The report showed that the corporation authorized loans taling The OmaFederal Land bank authorized borrow million dollars during the month, loans the Regional Agricultural Credit Corp. Sioux City totaled Nebraska bank loans authorized were: Clatonia bank ceiver) $15,400; Creighton tional bank (receiver) Duncan State bank (receiver) $53,250; State Bank Elkhorn (receiver) Wallace tional of Exeter, $60,000; Hazard State bank (receiver) Platte County Bank Platte Center (receiver) 900, and Rockville State bank (receiver) $25,800.
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NEBRASKA DIGEST Allotment Is Exhausted Columbus. Work on federal emergency relief projects in Platte county has been suspended on order of State Emergency Relief Director Randall Biart, who said that that country's allotment was exhausted. Biart has indicated County Director Mrs. E. Q. Johnson that Platte county's allotments hereafter will be eliminated or very drastically reduced, as he believes Platte county's funds are in such shape as to permit the county to meet its relief needs without federal assistance. Members of the county relief committee hold a different view and plans were being made here to send a committee to Lincoln to attempt to secure continuation of federal aid. Scores Violations The Federal Relief committee for Hall county, at is meeting in Grand Island last week, suspended two local grocery stores from the list for period of 30 days, the reason being certain irregularities which have been detected in the handling of orders. All stores handling federal relief orders are warned that no deviation from the printed list of permissible items will be tolerated. Any other violations discovered by the committee will be dealt with severely. Associations Formed Lincoln. Arthur Bowring, Merriman rancher and author of Nebraska's 4-cent gasoline tax, said last week he has organized 20 strong county units of the Nebraska Good Roads association and expects to have 40 organized by the end of this month. Each county, Bowring said, is keeping its own membership fees, planning its own county program and endeavoring to stimulate interest in a good roads program. Check Wheat Contracts Central City.- make final check on wheat contracted to the government on the wheat reduction plan, six men were appointed by the wheat allotment committee. These men will measure the contracted acres and those that are not contracted to see that the farmer has not violated his contract in using the idle land for unsanctioned purposes, that he has reduced at least 15 per cent, and also that he does not have less than 54 per cent less wheat in acres than he had in the average of the last three years. After the selection is made, one of the men will be appointed chief field man and will attend meeting at David City May 10 for all chief checkers. On his return he, with the assistance of R. A. Stewart, agricultural agent, will in turn inform the other five men of their obligations in regard to checking The remaining last payment will be made in a few weeks. Raise Two Million Trout Crawford.-A record hatch of trout has been raised this year at the federal fish hatchery here. Nearly all of the 2,000,000 trout and large number of warm water fish will be used to stock Nebraska streams and lakes. Others will go to nearby lakes. Pheasants Migrate of pheasants have appeared on the highlands between the Elkhorn river and Eagle creek, in northern Holt county, where only a few of the birds existed before. It is lieved that the game birds came from drought-strick areas of South Dakota in search of feed and a new home. Steal Windmill Greeley.-Sheriff Art Weber last week reported the theft of a windmill from the Herman Claybough ranch, ten miles north of Greeley. A block and tackle were used to remove the heavy motor and fan from the tower. Banks Get Loans Washington.- Jesse H. Jones, chairman of the Reconstruction Finance corporation, said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling $95,378,300.06. The Omaha Federal Land bank was authorized to borrow $8,000,000 in the month, and loans to the Regional Agricultural Credit corporation at Sioux City totaled $1,288,908.61. Nebraska bank loans authorized were: Clatonia State bank (receiver), $15,400; Creighton National bank (receiver), $10,000; Duncan State bank (receiver), $53,250; State bank of Elkhorn (receiver), $25,800; Wallace National bank of Exeter, $60,000; Hazard State bank (receiver). $15,000; Platte County bank of Platte Center (receiver), $36,900, and Rockville State bank (receiver), $25,800. Merged Bank Opens Red Cloud. the first time since the national banking holiday Red Cloud had an unrestricted bank. The merger of the People's bank with the Webster County bank has been completed and the consolidated institution opened for business this week. Capital stock is $50,000 and officers are: W. A. Sherwood, president; S. R. Florence, vice president; C. M. Sherwood, cashier; P. S. Sherwood and Miss Retta McDowell, assistant cashiers. Income Tax Increases Omaha.- The number of income tax returns by Nebraskans in 1932 rose 3,001 over the 1931 figure, according to an announcement in Washington. Total returns in 1931 were 24,540. The 1932 total was 27,541. Iowa returns increased from 31,495 to 45,477. South Dakota showed a decrease from 8,163 to 7,200. Drainage Verdict Won Lincoln.- $70,000 judgment obtained by James Mooney and other farmers at the lower end of drainage district one in Richardson county against the district itself was allowed to stand last week by the Nebraska supreme court without further argument. It denied rehearing requested by the district. The action was taken only a few hours before a scheduled compromise meeting at Falls City, which was then called off. The district had volunteered to spend $70,000 on widening and deepening the Nemaha river channel, as the judgment directed, but asked that the farmers waive any further damage claims. Approve Loans Omaha. to co-operatives amounting to $176.550 have been approved by the Omaha Bank for co-operatives, Jerry H. Mason, bank president reports. Mason said commitments have been made on 19 loans and that loans actually paid on May totalled 8 for $62, 100. The Omaha Federal Land bank reported that 2,100 loans were made through the bank and the commissioner's office in April for a total of $6,841,400. Pave Highway 75 Omaha. The unpaved highway between the south end of the Platte river bridge and the end of the paving leading north from Plattsmouth on highway 75 has been re-located and is now being made ready for hard surfacing The new route runs directly southeast from the bridge to connect with the paving. A viaduct, nearly finished, will carry the road over the railroad tracks to the south. The highway is elevated considerably from the surrounding land, to prevent flooding. Paving of the same highway north of Falls City is under way and by the end of the summer there will be a continuous paved highway from Omaha to Kansas, according to state highway department officials.