13162. Central National Bank (Kearney, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
6600
Charter Number
6600
Start Date
January 20, 1928
Location
Kearney, Nebraska (40.699, -99.081)

Metadata

Model
gpt-5-mini
Short Digest
dccd315d

Response Measures

None

Receivership Details

Depositor recovery rate
8.2%
Date receivership started
1927-09-30
Date receivership terminated
1932-07-01
OCC cause of failure
Losses
Share of assets assessed as good
0.8%
Share of assets assessed as doubtful
52.1%
Share of assets assessed as worthless
47.2%

Description

Newspaper notices (Feb 11, 1928) refer to M. Ross / A. Ross 'as receiver of The Central National Bank of Kearney', indicating the bank was in receivership (i.e., suspended and closed) by Jan–Feb 1928. No article describes a depositor run; materials show foreclosure actions and a 1931 special-master sale. I corrected OCR variations of the receiver name (M. Ross / A. Ross appears) but dates and receiver status are clear.

Events (6)

1. January 30, 1903 Chartered
Source
historical_nic
2. March 30, 1927 Voluntary Liquidation
Source
historical_nic
3. September 30, 1927 Receivership
Source
historical_nic
4. January 20, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was placed in receivership and foreclosure actions follow; notices of foreclosure and receiver indicate insolvency or inability to meet obligations (exact trigger not specified).
Newspaper Excerpt
Dated January 20th, 1928. M. ROSS, As Receiver of City National Bank In Kearney, Plaintiff.
Source
newspapers
5. February 11, 1928 Receivership
Newspaper Excerpt
A. ROSS. as receiver of The Central National Bank of Kearney, Plaintiff. (notice published Feb 11, 1928). j26w4
Source
newspapers
6. September 8, 1931 Other
Newspaper Excerpt
Sale by Special Master under decree ... foreclosure ... Special Master will on the 8th September, 1931 ... sell at public auction ... property said mortgage foreclosed ... Daniel H. McClenahan, Special Master, Lincoln, Nebraska.
Source
newspapers

Newspaper Articles (3)

Article from Kearney Hub, February 11, 1928

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Article Text

corded by the said defendants Benjamin Armitage and Helen Armitage, his wife, 80 received by the said Grace Coffey and Belle McFerren, defendants, are sisters of the defendant Benjamin A. Armitage, for the fraudulent purpose of cheating, hindering, and defrauding plaintiff in the collecting of his judgments. That George Coffey is the husband of Grace P. Coffey. You are required to answer said petition on Monday the 5th day of March, 1928, or said petition will be taken as true and rendered Dated January 20th, 1928. M. ROSS, As Receiver of City National Bank In Kearney, Plaintiff. j21f18 John Miller & E. L. Randall, Attys. NOTICE TO DEFENDANTS. To Marguerite S. Gildner and Elmer J. defendants: You will take notice that M. Ross, as of The Central National Bank of Nebraska, has begun in the district court of Buffalo county, Nebraska, against you the object and prayer of which is to foreclose mortgage dated March 25, 1924, given by you to S. Donnell and recorded in book 109, page 302, of the mortgage records of Buffalo counNebraska, securing note of $2,and Interest and taxes, and conveying tract of land in the southeast quarter of the quarter of section (35), in Township nine (9) north, Range sixteen (16), west of the sixth principal meridian, in Buffalo county, Nebraska, and heretofore known as the south 130 feet of Block One (1), in Frank's second addition in the city of Kearney, and for the sale of said lands to satisfy the debt and taxes paid in the sum of $701.80 and interest and costs plaintiff default in the conditions of said mortgage are required petition on Monday the 12th day of March, 1928, or said petition will be taken as true and judgment entered thereon. as receiver of The Central National Bank of Kearney, Plaintiff. j26w4 Nye and Nye, Attys. NOTICE TO CREDITORS. In the County Court of Buffalo County, the matter of the of Joseph Kapps, Public hereby given that the creditors of said estate will meet the executor of said estate before said court in the court house in said county on the 4th day of April, 1928, o'clock m., for the purpose of presenting their claims against said estate for examination, adjustment and allowance. Four from the 25th day of 1927, are creditors to file this court their said claims, and all not filed within said time will be barred. Dated this 16th day of January, 1928. (Seal.) J. M. EASTERLING. j17w4 County Judge. Kodak finishing. Midwest Camera Shop CHATTEL MORTGAGE SALE. Notice is given by virtue of chattel dated November 1926, duly filed in the office the clerk of Logan county, Nebraska, executed by Tappan, to secure payment of $382.04, upon which there now due $275.56, default having been made in payment, and no suit or other proceedings at law having been instituted to recover said debt any part thereof. it will sell the property to-wit: One Star Coupe, 1926, factory number L8335, formerly 14L1542, at public auction at 1816 Central Kearney, Nebraska, on the 21st day of February 1928, at o'clock FEDERAL FINANCE COMPANY, j30t20 Mortgagee.


Article from Kearney Hub, February 11, 1928

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Article Text

John A. Miller & E. L. Randall, Attys. NOTICE TO DEFENDANTS. To Dorothy Lantz and Dai C. Lantz defendants: You will take notice that M. A. as receiver of The Central National Bank of Kearney, Nebraska, has begun an action in the district court of Buffalo county, Nebraska, against you impleaded with others, the object and prayer which is to foreclose mortgage dated October 1926. given by you to The Central National Bank of Kearney, Nebraska, and recorded in Book 114, page 287, of the mortgage records of Buffalo Nebraska, securing and interest. and conveying south 177.7 feet of Block five (5). in Frank's addition in the city of Kearney, Buffalo county, Nebraska, and including all land immediately north street in said city adjoining said block, and for the of said lands to satisfy said debt. Plaintiff alleges default in the conditions said mortgage. You are required to the petition on Monday the 12th day of March, 1928, or said petition will taken as true and judgment entered thereon. A. ROSS. as receiver of The Central National Bank of Kearney, Plaintiff. j26w4


Article from The Minden Courier, August 27, 1931

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Article Text

NOTICE OF SALE BY SPECIAL MASTER UNDER DECREE Daniel H. McClenahan, Special Master, 526 Little Building, Lincoln, Nebraska. Public is hereby given that by virtue an order sale issued of the Court of the United States for the District of Nebraska, Grand Island Division, and the of said court pursuance rendered and filed on June 20, an action therein pending, to-wit: No. Equity, wherein PruInsurance Company AmerCorporation, Plaintiff, and William Lizzie Radford, Shennum, Receiver The Central National Bank, of Kearney, Boyd Radford, Clayton Radand Ellsworth Bowker, are Deford, fendants, whereby mortgage the property hereinafter described foreclosed, the undersigned Special Master this appointed property and Court, decree, and by virtue of the authority vested by said order Daniel such Special Master, will the 8th September, 1931, at nine o'clock central time, the the County Court House Kearney, County Seat Buffalo County, Nebraska, the usual place sheriff's sales made, public the highest bidder for cash, the property said mortgage foreclosed, which property known described follows, to-wit: Lot and the Southeast quarter the Southwest quarter, the South half of Southeast quarter, and the Northeast quarter the Southeast quarter of Section 17, also the quarter of the southeast quarter Section 18; Also Lots and of Section Sec. 20; tion 21; all Township North, Range 14, the Principal Meridian, BUFFALO COUNTY, NEBRASKA. Also Southwest Fractional quarter and the South half of the Northwest fractional and Lot Section except the right way of the ChiBurlington and Quincy Railroad Company of 6.32 acres; ALSO the North half of the North Half Section 31; North, Range 14, West the Principal Meridian, KEARNEY CONTAINING IN