Wallace National Bank (Exeter, NE)

Episode Information

Episode UID
1318901599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
131890 national
Charter Number
13189
Start Date
March 4, 1933
Location
Exeter, Nebraska (40.644, -97.450)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
95383c919d4f3a70

Response Measures

None

Description

The bank was affected by the March 1933 Nebraska and federal banking holidays and later received an RFC loan while operating.

Events (4)

1. March 21, 1928 Chartered
Source
historical_nic
2. March 4, 1933 Suspension
Cause
Government Action
Cause Details
Governor Bryan ordered a state banking holiday on March 4, 1933, followed by the federal holiday.
Newspaper Excerpt
on March 4 ordered Nebraska banking day to protect the state's financial institutions
Source
newspapers
3. January 1, 1934* Other
Newspaper Excerpt
Wallace National Bank of Exeter, $60,000; ... Nebraska bank loans authorized were: ... Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36,900, and Rockville State bank (receiver) $25,800.
Source
newspapers
4. April 27, 1934 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from The Banner-Press, March 30, 1933

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Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt


Article from The Omaha Evening Bee-News, May 4, 1934

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Article Text

REVEAL LOANS TO EIGHT BANKS May H. Jones, chairman of the n Corp., said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling The Omaha Federal Land bank was authorized to borrow million dollars during the month, and loans to the Regional Agricultural Credit Corp at Sioux City totaled Nebraska bank loans authorized were: Clatonia State bank ceiver) $15,400; Creighton Na. tional bank (receiver) $10,000; Duncan State bank (receiver) $53,250: State Bank of Elkhorn (receiver) $25,800; Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36. 900, and Rockville State bank (receiver)


Article from The Omaha Morning Bee-News, May 4, 1934

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Article Text

Eight Nebraska WASHINGTON, May Jesse H. Jones, chairman of the Corp., said in his report of RFC operations January that eight Nebraska banks had been authorized loans. The report showed that the corporation authorized loans taling The OmaFederal Land bank authorized borrow million dollars during the month, loans the Regional Agricultural Credit Corp. Sioux City totaled Nebraska bank loans authorized were: Clatonia bank ceiver) $15,400; Creighton tional bank (receiver) Duncan State bank (receiver) $53,250; State Bank Elkhorn (receiver) Wallace tional of Exeter, $60,000; Hazard State bank (receiver) Platte County Bank Platte Center (receiver) 900, and Rockville State bank (receiver) $25,800.