Hoskins State Bank - Hoskins, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 30, 1931
Location: Hoskins, Nebraska (42.112, -97.306)

Metadata

Model: gpt-5-mini
Short Digest: 568be2f2

Response Measures

None

Description

The Hoskins State Bank was closed by its directors as a precautionary measure in early December 1931 and later went into liquidation (dividends paid in May 1932). There is no mention of a depositor run; closure appears voluntary/precautionary and linked to troubles at the affiliated Norfolk institutions. OCR errors in Article 1 corrected (e.g., 'closSaturday' -> 'closed Saturday', 'neb raska' -> 'Nebraska').

Events (3)

1. November 30, 1931 Suspension

Cause: Local Banks
Cause Details: Closed as a precautionary, voluntary action by directors because of connections with troubled Norfolk banks (affiliated officers/directors); closure prompted by regional bank failures/insolvency nearby.
Newspaper Excerpt: The Hoskins State Bank was closed said as precautionary measand by voluntary action on the part of its directors.
Source: newspapers

2. December 3, 1931 Receivership

Newspaper Excerpt: A receiver to be appointed. ... Virgil Lee, representing the state banking department in charge.
Source: newspapers

3. May 11, 1932 Other

Newspaper Excerpt: Hoskins State bank, Hoskins, Neb., $76,645.09, forty-five per cent, first dividend.
Source: newspapers

Newspaper Articles (4)

1. December 3, 1931 Winside Tribune Winside, NE

Article from Winside Tribune, December 3, 1931

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Article Text

Banks at Hoskins and Norfolk The depression made present again itself felt in this section of the state with the closing of two more banks, the Hoskins State Bank at Hoskins and the Norfolk National Bank Norfolk. The Norfolk bank was closSaturday and the Hoskins bank Monday. The reason given for the closing of the Norfolk bank was because of the insolvency of the Norfolk Savings Bank, an affiliated stitution of the Norfolk National Bank and operated with virtually the same officers. Reduced values in bonds and real estate is given as the reason for the failure of the savings bank. In order to avoid on the National bank the board of directors decided that the best course was to close the doors of the bank. However, the Norfolk institution may pay out 100 cents on the dollar according to the Norfolk Daily News. The bank one of the oldest in northeast braska and its last bank statement gave its deposits $852,000. Burnham, one of the most prominent figures in state banking circles, president of the bank. The bank in charge of Lyon of Norfolk, national bank examiner. A receiver to be appointed. The Hoskins State Bank was closed said "as precautionary measand by voluntary action on the part of its directors. The bank had connection with the Norfolk National bank, R. G. Rohrke, cashier of the Hoskins bank being director of the Norfolk institution and Burnham director of the Hoskins bank. August Ziemer was president of the Hoskins institution. The bank's deposits amounted to little more than Virgil Lee, representing the state banking department in charge.

2. December 17, 1931 The Tilden Citizen Tilden, NE

Article from The Tilden Citizen, December 17, 1931

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Article Text

Local News Watches, pearls, crystals, bracelets, etc., at Bills Watch Shop. Sam Jeuslon of Newman Grove was in Tilden on business Saturday. Glover Pajamas-A gift extraordinary. Smart, Comfortable, Useful-$1.50 The 14-year-old daughter of Peter Mersch sustained a broken bone in her ankle Monday night while coasting with a group of young peoople on a hill near the H. G. Tassemeyer place. Save money on watches, pearls, rings, etc.-See Bill at Baker Drug Store. Born Sunday, Dec. 13th, to Dr. and Mrs. Elmer McClellan of Elgin, Neb., an 81/2 pound boy. Nic Petersen was taken to the local hospital Sunday where he was operated on Monday for obstruction of the bowels. He stood the operation well and at present is resting easy. His condition however, is reported grave. If you can't laugh, don't go near itThe Rebekah play, "Two Days To Marry,' at the Opera House Friday night, Dec. 18th. Joseph Srb is able to be in the store again after being confined at home two week with an attack of sciatic rheumatism. We have a large, fresh supply of bulk sauerkraut. Buy now the Hansen Meat Market. Geo. D. Osborn has a position with the state banking department as assistant in the defunct Hoskins State bank, A. B. Scannell of Elgin being in charge. Shirts and Shorts Ensembles.-Rayon or broadcloth. A gift he will appreciate, $1.00 to $1.45.-BOTSFORD'S. Mrs. C. F. Johnson and infant son, Claire Dean, were able to leave the hospital Saturday and are now getting along nicely at home. Mrs. Johnson's mother, Mrs. Jacob Long, of Madison is staying with her daughter. Banish your blues, forget your troubles; go to the Rebekah play and get a new lease on life. Two hours and a half of real fun, at depression prices. Mrs. Ted Crosier was able to return to her home at Oakdale this week following her operation at the local hospital. "Two Days To Marry," at the Tilden Opera House, Friday, December 18th. Its a scream from start to finish. Mr. and Mrs. Carl Lenz and family, John Harding of Meadow Grove, and Miss Lula Wilson of Neligh and Miss May West of Oakdale were Sunday dinner guests at the Theo. Hansen home. Initial Handkerchiefs. Plain white and colored, 3 in a box, 65c.-BOTSFORDS. PRACHAR LAND CASE SETTLED Willis E. Reed returned today from Burke, S. D. where he represented Wm. Prachar, formerly of Madison, in an action to recover a half section of land, deeded to his father, Joseph Pracher, sometime ago. The court, through an agreement of Mr. Reed and W. L. Dowling, who represented Joseph Prachar, set aside the deed and named Don W. Hanlon, clerk of the former circuit court, as custodian. Mr. Hanlon, former Tilden boy, will be recalled here as the husband of the former Maude Bohannon.-Madison Star-Mail. SUBSCRIBE FOR THE CITIZEN

3. May 11, 1932 Kearney Hub Kearney, NE

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Article Text

PAY UP DIVIDENDS. Lincoln, Neb., May dividends to depositors, from liquidations of assets of three failed state banks, were announced Tuesday by state department of trade and commerce. The banks, amounts and per cent of dividends were follows: Hoskins State bank, Hoskins, Neb., $76,645.09, forty-five per cent, first dividend. Bank of Holbrook, Holbrook, $17,ten per cent, first dividend. County bank, houn, Neb., $8,068.73, seven per cent. Tune in on KGFW at 12:45 Wednesdays Saturdays and hear our organ program. Ira c. Anderson.

4. May 20, 1932 The Pender Republic Pender, NE

Article from The Pender Republic, May 20, 1932

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Article Text

THOS. ARENDS Wonder About Mars wonder those folks on Mars Live like earth people do; Do regret mistakes they made frown the whole day Do they berate each other much Make and slay and kill? Or they love and laugh and sing And live like good men will? I'm to think that some of them prone just above the apes;; Perhaps some live in tree tops still And live on nuts and grapes. But strong like iron men, some must play the mart, And must teach the younger sprouts To get the proper start. Perhaps they have their taxes, too, And rent and autos, grand; Depression may have hit them There's want every hand. They not ask or know the way may Of life's great message will send to them, 'Pep up, on your When you about spilt milk, you might well bark at the moon. Old roosters selling for 10 cents each haven't anything to crow about The fellow who offered 15 cents for building was taking long chance taxes and upkeep 'Lighter clothes needed in public," headline. Perhaps thinking of Nudist convention. steal from Golden Rule Perhaps got lemon for Golden Rule He wanted police cold Headline says, Prisoner Hides Ice House hospital Philagelphia handing out installment babies fond mothers. Figure it out the fellow boasts Chances about strong whiskers cousin the fellow boasts about weak When speak of ing underworld, perhaps mean shooting will be done on the square and not on side street. question more important than anything has in mind "what effect will depression have on this seasons bathing suits." There must be lots of crude in crude when you can buy at 10 cents barrele, but the folks uncrude must lots of fine in for it's 25 cents quart when refined. Grandpa did fairly well when came to establishing stable nation, but dad getting things mussed up bit just Son will have to do better or the nation will get too hot for him. Smith elects Hoover as ported, will be roasted on both sides. Democrats will roast him for putting too much pepper in their political gravy and Hoover will want revenge putting him into diffiProblem for high school graduates: takes two and half American dogs years China, how long will take and half Chinese dogs to dig to Are you you right? Let me have your answer. Lindy's baby was found dead and our hearts go out sympathy to bereaved parents. They have just one consolation where their baby But folks do get all het up thing and then forget all about wants fill the well after the baby drowned. Large sums be given to finders of kidnapers, strict laws will be passed, lice hunt Then. regardless of results, to sleep again. Lindbergh's baby wasn't the first one kidnaped, but government having pleasant dreams about material prosperity. Material prosperity impossible evil We need more alarm clocks. Depositors of failed state banks of Winside, Hoskins, Holdrege and Fort Calhoun received $200,000 in divi dends recently.