First National Bank - Hemingford, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10242
Charter Number: 10242
Start Date: January 5, 1925
Location: Hemingford, Nebraska (42.322, -103.073)

Metadata

Model: gpt-5-mini
Short Digest: a3f1c24a

Response Measures

None

Receivership Details

Depositor recovery rate: 59.9%
Date receivership started: 1923-11-10
Date receivership terminated: 1927-02-17
OCC cause of failure: Governance
Share of assets assessed as good: 25.2%
Share of assets assessed as doubtful: 57.4%
Share of assets assessed as worthless: 17.5%

Description

Articles (Feb 12, 1925) name Ralph S. (Ralph) Pryce as Receiver of the First National Bank, Hemingford, NE, and list the bank as a defendant in sheriff's sale proceedings. No mention of a depositor run is present. The presence of a receiver indicates closure; classified as suspension leading to closure (receivership). The sheriff's notices are dated given under hand Jan 5, 1925 and sale set for Feb 16, 1925; receiver appointment predates publication.

Events (4)

1. August 10, 1912 Chartered

Source: historical_nic

2. November 10, 1923 Receivership

Source: historical_nic

3. January 5, 1925 Receivership

Newspaper Excerpt: Ralph Pryce, Receiver of said First National Bank of Hemingford, Nebraska, are defendants. (sheriff's sale notice).
Source: newspapers

4. January 5, 1925 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership; listed in court actions and sheriff's sale as receiver for the bank.
Newspaper Excerpt: Ralph S. Pryce, Receiver of The First National Bank, Hemingford, Nebraska, as intervenor.
Source: newspapers

Newspaper Articles (2)

1. February 12, 1925 The Ledger Hemingford, NE

Article from The Ledger, February 12, 1925

Click image to open full size in new tab

Article Text

SHERIFF'S SALE Notice is hereby given that by virtue of an order of sale issued by the Clerk of the District Court of the Sixteenth Judical District of Nebraska, within and for Box Butte County, Nebraska, in an action wherein Oscar D. Rouse is plaintiff and Clarence O. Rosenberger, Fern Rosenberger, his wife, and James V. Potmesil are defendants, and Ralph S. Pryce, Receiver of The First National Bank, Hemingford, Nebraska, as intervenor. will at two o'clock m the 16 day of February, 1925 at the west front door of the courthouse of the County of Box Butte in the City of Alliance, Nebraska, offer for sale at public auction, the following described lands and tenants, to-wit: Southeast Quarter (SE%), of Section Two (2), in Township Twenty-s (26). North, Range (49), West of the 6th Principal Meridian, in Box Butte County, Nebraska. Given under my hand this 5th day of January 1925. George Jones, Sheriff W. M. Iodence, Attorney for Pltf.

2. February 12, 1925 The Ledger Hemingford, NE

Click image to open full size in new tab

Article Text

SHERIFF'S SALE Notice is hereby given that by virtue of an order of sale, issued by the Clerk of the District Court of the Sixteenth Judical District of Nebraska, within and for Box Butte County, Nebraska, wherein Theodore Neeland is plaintiff and Anson Johns, Nellie Johns and First National Bank of Hemingford, Nebraska, Corporation, duly organized under the laws of the United States Government and under the laws of the State of Nebraska, and Ralph Pryce, Receiver of said First National Bank of Hemingford, Nebraska, are defendants. will at three o'clock m. on the 16 day of February, 1925, at the west front door of the courthouse of the County of Box Butte in the City of Alliance, Box Butte County, Nebraska, offer for sale at public auction, the following described lands and tenants, to-wit: Southeast Quarter Section Twenty-four (24), Township Twenty-seven (27), North, Range Forty-nine (49), West of the 6th M. in Box Butte County, Nebraska. Given under my hand this 5th day of January 1925. George P. Jones, Sheriff W. M. Iodence, Attorney for Pltf.