First National Bank - Glenvil, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 13433
Charter Number: 13433
Start Date: September 3, 1934
Location: Glenvil, Nebraska (40.504, -98.253)

Metadata

Model: gpt-5-mini
Short Digest: 26ab1ed5

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-09-29
Date receivership terminated: 1934-11-03
Share of assets assessed as good: 56.2%
Share of assets assessed as doubtful: 41.6%
Share of assets assessed as worthless: 2.2%

Description

Articles (Sept 1934) state the First National Bank of Glenvil was liquidated and a receiver (Joseph Anderson) is paying claims in full with interest. There is no mention of a depositor run; the bank is in liquidation with a receiver, so classified as suspension leading to closure/receivership.

Events (4)

1. March 5, 1930 Chartered

Source: historical_nic

2. September 29, 1933 Receivership

Source: historical_nic

3. September 3, 1934 Receivership

Newspaper Excerpt: Joseph Anderson is the bank receiver in charge...the liquidation of the bank...the receiver of the First National bank of Glenvil ... asking that all claimants call for their money at once as the bank will pay claims in full with interest added for the past year and five months.
Source: newspapers

4. September 3, 1934 Suspension

Cause: Government Action
Cause Details: Bank placed in liquidation and a receiver (Joseph Anderson) appointed; bank is being wound up and paying claims.
Newspaper Excerpt: The receiver of the First National Glenvil, Clay county, asking that all claimants call for their money at once as the bank will pay claims in full with interest added for the past year and five months.
Source: newspapers

Newspaper Articles (3)

1. September 3, 1934 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, September 3, 1934

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Article Text

MORE OR LESS The rain ended the drouth not only did that but faces that long again began began more often. There was to living Many had forage late them far along insure benefit the and the short season able vision greater supply stock feed. The ground, better than has crop year ready receive again farmers happy. Fall wheat seeding begin once. Farmmaking their plans year come. The upturn markets given them more money for what they have left all helped and mentally great Many who days look the face. They after the crop year of 1895 the the 1894. History has of itself. So far as this part the state no flood. came short instalments water soaked into ground. drainways hardly showed effect the moisture conserved by the thirsty soil. About two inches water has The making mantle the to have fallen on the state fair. Captain Shively of the police partment, charge traffic enforcement, finds 250 the given during August reported the books. That that 250 people traf fic tags no heed police captain to to the people paid no attention tags. Paying attention story, but being kept now, didn't The kept show who ported and did not. The receiver of the First National Glenvil, Clay county, asking that all claimants call for their money bank will claims full interest added for the and months. This unusual situation following the liquidation of bank that has caused Joseph derson the bank receiver charge. Cass county republicans by reso lution ask that state capitol cleaned out "from the playground the Sower on the Further Cass county would revise the of nomipublic that the present results in the election of Part that charge made the convention system. further to crecy operation of state partments. Sutherland, the oil and dealers Bulletin Sept. "We not going to that violators prosecuted the dozen week. However, can and that the ernment greatly procedure cases for to flow the work the prices, the which prosecution thought Concerning the recent attempt state increase gasoline prices, Sutherland says: effort restore stabilize kets Nebraska largely informal. Future be made with sanction the authorities. recent movement the co-operation proximately percent the bers unhappy permits the work of the vast majority.'

2. September 4, 1934 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, September 4, 1934

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Article Text

MORE OR LESS The ended the drouth in not that but faces that had been rather long for months again began to assume their normal shape. People began smile There living Many forage crops them along insure benefit from the rain and short yet left were able supply stock ground, in the crop receive their plans The upturn has given them they and great Many look the that after the big the the has of itself. far this state there no flood. came short instalments soaked into the ground. drainways showed effect moisture conserved the thirsty soil. About two inches of water has recent series making mantle the Epworth to have fallen on the fair. Shively the police partment, finds 250 the given out during on the books. That 250 people traftags paid heed to police captain to to the people attention tags. attention tags an but the record kept being didn't report. The ords show ported and who did not. The receiver the First tional bank Glenvil, Clay county, asking that all claimfor their money at once bank claims full interest added for the months. This unusual situation following the liquidation of bank that has caused Joseph derson the bank receiver charge. Cass county republicans by resolution ask state capitol cleaned "from the tented playground the basement to Sower the FurCass county republicans revise the manner nominating public holding that the present confuses and results in the unfit charge against convention system. convention further on record secrecy partments. Sutherland, in the and Bulletin for Sept. not going to violators prosecuted the dozen and do that the ernment cases for to the the of work the move to office on upon which thought Concerning the recent attempt this gasoline prices, Mr. Sutherland restore and stabilize kets Nebraska largely informal. be with sanction authorities. recent movement the wholehearted co-operation proximately of the bers in state. unhappy state affairs which permits percent an industry wreck the work of the

3. September 14, 1934 The Howells Journal Howells, NE

Article from The Howells Journal, September 14, 1934

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Article Text

The receiver of the First National bank of Glenvil, in Clay county, is asking that all claimantscall for their money at once as the bank will pay claims in full with interest added for the past year and five months. This is such an unusual situation follow. ing the liquidation of a bank that it has caused some comment. Joseph Anderson is the bank receiver in charge.-Lincoln State Journal. They are having a pine cone harvest in the Black Hills forest of 1000 bushels, considered an unusually large yield. The work is being done by the CCC boys after which fhe seed extractory at Custer will be put in operation, The seed is to be shipped to Nebraska to the federal nursery at Halsey. For the benefit of the curious it is stated that a bushel of pine cones make a pound of seed, and that a pound of seed contains about 13,000 seeds. Big newspapers of the midde west have sent writers into the field to find out what the situation is. Both the Kansas City Star, sending writers into Missouri and Kansas, and the Omaha World-Herald, which has investigated Nebraska, have found the same thing-that there is a vast amount of purchasing power on the farms in the form of stored grain and live stock. The farmers' spending money is increasing, too, because produce which he brings to town ev. ery Saturday to sell, such as chickens, eggs and cream, are more valuable in dollarsand cents. Nebraska purchasing power, the part that comes from the farm, will be greater this year than last, the World-Herald has discovered. And at the Kansas State fair implement manufacturers have set up the biggest exhibit in years. That is a very good sign, because they expect to sell their stuff and they know money will be available to pay for it.-Nebraska City News. A. H. Miller of Blair, president of the Nebraska state fair board, indicates that the coming legislature will be asked to appropriate at least $125,000 and perhaps an additional similar amount for maintaining the exposition and paying off its debts. The total paid admissions this year are estimated at about $55,000. Counting up the total receipts and expenses, the board members hope that $10,000 will cover the deficit. Tekamah's new $45,000 federal bridge isbeing dedicated today and observed with a two day celebration. Governer Bryan gave the dedicatory address. Sherman Henrickson of near Eagle, king of the cornhuskers who won the championship at the national cornhusking contest at West Point last fall, is seeking for cornfields to afford him opportunity to practice and get himself in shape for the 1935 national contest. It is thought that the state contest may be held November 1 or 2 in a field selected in the Elkhorn or Platte river valleys in eastern Nebraska or in some irrigated field further west. The national contest will be somewhere in Minnesota November 8 or 9. The Nebraskan's record that won him the championship was 27.62 bushels of corn net husked in 80 minutes.