13079. First National Bank (Greeley, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
7622
Charter Number
7622
Start Date
January 8, 1930
Location
Greeley, Nebraska (41.549, -98.531)

Metadata

Model
gpt-5-mini
Short Digest
fa04a1ea

Response Measures

None

Receivership Details

Depositor recovery rate
24.0%
Date receivership started
1929-12-30
Date receivership terminated
1936-12-31
Share of assets assessed as good
18.3%
Share of assets assessed as doubtful
63.9%
Share of assets assessed as worthless
17.8%

Description

Articles report that E. C. Manny was named receiver for the First National Bank of Greeley on January 8, 1930 and subsequent receiver actions and reports indicate the bank failed and remained in receivership. No article describes a depositor run prior to suspension—this appears to be a failure followed by government receivership (closure).

Events (7)

1. February 21, 1905 Chartered
Source
historical_nic
2. December 30, 1929 Receivership
Source
historical_nic
3. January 8, 1930 Receivership
Newspaper Excerpt
E. C. Manny, receiver for the First National bank, has completed his report covering the year 1930 for the comptroller of currency. Manny was named receiver for the bank January 8, 1930.
Source
newspapers
4. January 8, 1930 Suspension
Cause
Government Action
Cause Details
National bank placed in receivership (receiver E. C. Manny named on January 8, 1930); government action closing the bank and assigning a receiver.
Newspaper Excerpt
Manny was named receiver for the bank January 8, 1930.
Source
newspapers
5. June 1, 1930* Other
Newspaper Excerpt
A dividend of $26,288.21 was paid last June. The receiver now has $14,465.61 on hand. To pay another 10 per cent dividend more than $23,000 will be required. The report shows that the total uncollected assets amount to $240,832.66. The present liabilities total $238,275.20.
Source
newspapers
6. October 7, 1930 Other
Newspaper Excerpt
Judgment has been entered in district court here by Judge Robert Smith against John H. O'Malley and in favor of Manny, receiver of First National bank of Greeley, Nebr.; for $8,600 claimed due from O'Malley as individual stockholder's liability incurred in the crash of the First National bank of Greeley, Nebr.
Source
newspapers
7. August 3, 1933 Other
Newspaper Excerpt
Manny ... announced that he had sent his resignation as receiver for national banks to Washington last Saturday. Manny came to Greeley in January, 1930, to take charge of the failed First National bank.
Source
newspapers

Newspaper Articles (4)

Article from The Grand Island Independent, February 27, 1930

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Article Text

Sessions in Senate Advanced as Means of InsurSpeedy Conclusion Tariff Debate ARGUE LUMBER RATES Smoot Has Support of Leaders Coalition in His Move for Night To Limit Debate by Unanimous Consent Washington, Feb. by long grind night sessions, the senate today ened debate on on amendment to the tariff bill by Senator Jones, republican, Washington, to place duty of three dollars thousand board feet on lumber, now on the free list. Chairman Smoot, of the finance committee, expects to hold the senate in session until 10 o'clock each night until the bill passed. Senator said there had been 20 percent reduction in employment in the lumber industry. Production of domestic lumber in 1929 the lowest in seven years, he said, and the average value had detariff clined from around $31 per thousand house. feet in 1923 to $25 last year. Senator Barkley, democrat, Kenspeed tucky, asked tariff would not increase prices and hinder construction. Senator Jones answered in the negative. prosperity of the state of Washington," said Jones, "depends ator largely upon the prosperity of the lumber industry. The lumber industry in Washington is greatly depressed, as has been largely throughout the country." views Consider Lumber Rates Washington, Feb. 27. leaders today undertook to insure Ord, speedy conclusion of the tariff debate Martin by forcing series of night sessions, tered to continue until the final vote reached. The chieftains of all factions were agreement that enough votes could be obtained to bring about the overtime work, although efforts to limit debate by unanimous consent failed. The plan is that the senate be in from 11 until every day but Saturday. Fred Coe A renewal of the senate's old controversy on whether lumber to be kept the free list was in prospect today. Senator Jones, republican, Washington, served notice that he would call amendment place duty of three dollars thousand feet, board measure, on all imported lumber. Some question arose as to whether The the shingles schedule should be con- March. sidered part of the Jones amendment, taken up separately. The senate has already voted, by comfortable margin, to keep shingles on Omaha the free list, as opposed to duty in of percent approved by the the house. Jones said he would not demand separate vote on shingles, but added he hoped duty satisfactory to his be agreed upon when the tariff bill goes to con- Portis ference. against Chairman Smoot of the finance committee. in charge of the bill, actively behind the move for night sessions, and he has the support leaders of the ent republican coalition, which, with working majority, is rewriting the bill, as received from the Numerous efforts were made action by unanimous consent agreements, but in each case, some senator found cause for objection. Senator Simmons, democrat, North Carolina, proposed that debate be limited to ten minutes for each seneach amendment. This was blocked by Senator Copeland. democrat, New York, who argued that his state had not been given an opportunity to present its tariff needs and fully. ORD NEWS BRIEFS Neb., Feb. The Chinese claim to Weigardt of this city has ators the newspaper. veterans hospital at Denver Gazette of Peking for treatment. He has been in been published for over health for several months. Mr. Welgardt served in France. A full carload of butter and eggs was shipped to eastern markets this week by the Ord Co-operative Creamcompany. better price and lower freight rates can be secured by shipping in carload lots, Manager says. basketball game scheduled here NECKBAND last Friday night between St. Paul and Ord high school teams. was postSizes 14 and poned when the St. Paul school board refused to allow that team to come to Ord, because of the illness, with spinal meningitis, of Donald Williaman Ord high school freshman. game will be played sometime in for These are old Miss Ethelyn Ellis, sister of Mrs. E. Leggett of Ord, has secured are tired position as feature writer on the them Bee-News. Miss Ellis' home Alliance and she graduate University of Missouri school journalism. Joe Krejci, Ord high school coach, CLOTHING returned Sunday from Portis, Kas where he played basketball the from town team Saturday night Yancey Hotel the Blain Commission com- team from Grand Island. The Dynamos won, 72 to Krejci big factor in the Portis victory. Bert M. Hardenbrook, Ord lawyer. has been appointed attorney to the receiver the defunct First Naitonal bank of Greeley, Neb. Mr. Hardenbrook received his appointment week from the comptroller the currency, Washington, Manny, Shawnee, Okla., the receiver. The world's largest ice skating rink Davos, Switzerland, feet above sea level. the originThe Imperial said have years.


Article from Greeley Daily Tribune, October 7, 1930

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Article Text

Judgment Is Entered for Nebraska Bank Receiver Judgment has been entered in district court here by Judge Robert Smith against John H. O'Malley and in favor of Manny, receiver or First National bank of Greeley, Nobr.; for $8,600 claimed due from O'Malley as individual stockholder's Hability Incurred in the crash of the First National bank of Greeley, Nobr., in which O'Malley hold 86 shares of assessable stock. The decree entered here was made on the petition of the plaintiffs who originally secured such the district court of Greeley, coun- Eric School Honors Youth Erte, Oct. school was closed Tuesday afternoon for the funeral of Philip Knox, 12-year-old boy who was killed by the accidental discharge of gun while hunting. The were held at from the Community church with Erie cemetery.


Article from The Greeley Citizen, January 15, 1931

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Article Text

REPORT FOR YEAR IS MADE E. C. Manny, Bank Receiver, Gives Figures. EL C. Manny, receiver for the First National bank, has completed his report covering the year 1930 for the comptroller of currency. Manny was named receiver for the bank January 8, 1930. Since that time a total of $119,080.63 has been collected. Most of this was used to liquidate federal reserve. bank bills payable and rediscount paper. A dividend of $26,288.21 was paid last June./ The receiver now has $14,465.61 on hand. To pay another 10 per cent dividend more than $23,000 will be required. The report shows that the total uncollected assets amount to $240, 832.66. The present liabilities total $238,275.20. Following is the report in full: Assets. Bills receivable 265,952.48 Cash on hand 2,254.20 Assets other than bills receivable and cash on hand 63,652.27 Additional assets acquired 3,054.34 Stock assessment 25,000.00 Total of all assets coming into the hands of the receiver $359,913.29


Article from The Greeley Citizen, August 3, 1933

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Article Text

Manny Resigns as a Bank Receiver Manny, Greeley from West Point Tuesday afternoon to look after matters connected with the First National bank, announced that he had sent his resignation as receiver for national banks to Washington last Saturday. A change in the administration was responsible for Manny's resignation. Other receivers already have been dismissed from the service. Manny decided to resign rather than wait for dismissal. Manny came to Greeley in January, 1930, to take charge of the failed First National bank. ago last winter the West Point Na. tional bank failed and Manny took over the receivership in addition to the Greeley bank. Later bank Madison was added to his charge. Manny enjoyed the friendship and confidence of a wide circle of friends during his stay in Greeley. He and his family were highly esteemed here. Manny said he had no plans to announce for the future. He expects the appointment of a successor within few days.