13264. German Bank (Millard, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 23, 1931
Location
Millard, Nebraska (41.208, -96.121)

Metadata

Model
gpt-5-mini
Short Digest
8fda720e

Response Measures

None

Description

Articles report the German Bank of Millard was announced closed/suspended in May 1931 and was closed (in receivership) by June 1931; a receiver later pursued stockholders (Dec 1931) and a 30% dividend on claims was allowed (Sept 1931). No bank run is described in the articles. Cause of suspension is not specified in the text (classified as 'other').

Events (3)

1. May 23, 1931 Suspension
Cause Details
Announcement lists German Bank, Millard among two banks suspended/closing; article does not state specific trigger or cause.
Newspaper Excerpt
Two more anounced from are the NeBryan's Pine and German bank Millard.
Source
newspapers
2. September 24, 1931 Other
Newspaper Excerpt
A 30% dividend is being allowed by district judge on approved claims against the failed German Bank of Millard.
Source
newspapers
3. December 11, 1931 Receivership
Newspaper Excerpt
Suit to collect as liability of four stockholders the closed German bank of Millard was filed Friday in district court by H. Hanley, attorney for the bank receiver. ... The bank was closed last June.
Source
newspapers

Newspaper Articles (3)

Article from The Lincoln Star, May 23, 1931

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Article Text

of Two More Closing Banks Announced bank suspensions were Two more anounced from are the NeBryan's Pine and German bank Millard. the other given ception State taken Avery respectively, of the two institutions In each instance was the banks request of The Long Pine bank was formerowned nigan cashier had deposits about smaller The one its Detweiler cashier William Von Dohren vice president.


Article from Springfield Monitor, September 24, 1931

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Article Text

Local News Lancaster county is to have sewing machine clinics. What next? They say there are three kinds of unlike, and Siamese. We will be looking for you next Sunday, Sept. 27th, at the M. E. Sunday school. It is said that more money is spent in this country for tobacco than for good roads. Our old time butcher, Herman Schmidt, and family are now residents of Hisle, S. D. A 12 pound son was born to Mr. and Mrs. Albert Hahn Sunday morning, September 20, 1931. The U. of N. College of Medicine opened in Omaha Monday with an enrollment of 343 students. Italy was the birthplace of foreigners living in this country by majority of 181,608 persons. J. R. Calhoon of Ralston, Nebr., was Springfield visitor yesterday and placed an ad in the Monitor. Miss Margaret Roberts of Omaha, visited last week at the homes of Mrs. MacGowan and Mrs. W. F. Glesmann. George A. Leu. hesident of eastern Sarpy county from 1871 till 1891, died at his home near Madison, Nebr., last Sunday. A 30% dividend is being allowed by district judge on approved claims against the failed German Bank of Millard. If you are not in the habit of attending Sunday school, Rally Day, Sunday, September 27th, will be a good time to start. Mr. and Mrs. H. Buskirk of Louisville spent Monday at the home of their son, Troy Buskirk and family in south Springfield. Smiles begin to widen on the faces of the coal men, with the present weather conditions. It is different with the oth- Rev. A. Swanson of Trenton, Nebr., former pastor of the M. E. church here was calling on Springfield friends during the past week. Ernest Hinkle and wife of Omaha were Sunday guests at the home of their aunt, Miss Ida Hinkle, and their grandfather, G. W. Kirfman. Mr. and Mrs. Fred Essert and children spent Sunday at the home of Mrs. Essert's sister, Mrs. Chris Nebens and family near Alvo, Nebr. Will E., Jr., and Max Miller of Chadron, Nebr., were Sunday visitors in Springfield at the home of their grandmother, Mrs. Will E. Miller Mr. and Mrs. Percy Jenkins and baby, of Lincoln, visited couple of days last week at the home of Mrs. Jenkens' cousins, Mrs. G. F. MacGowan and Mrs. W. R. Thompson. Farmers-For all kinds of feed, grinding and chick feed, will come to your farm with my portable mill. Prices reasonable. J. R. Calhoon, Ralston, Nebr. Tel. Ralston 67-J. Owing to the illness of County Judge J. M. Wheat, the county ers have appointed Attorney H. A. Collins to act as judge during the present absence of County Judge Wheat. Some 200 Sarpy county autos were on the grounds at the Douglas CounFair at Waterloo, Nebr., last Friday, "Sarpy Day," which was a pretty good showing for Nebraska's smallest county. It was 50 years ago yesterday that the body of President Garfield lay in state at the capitol in Washington viewed by thousands of people. How time does fly, remarked an old timer, in referring to this sad event. Among relatives from distance attending the funeral of the young Mr. and Mrs. Frank Tlustos were James and John Tlustos of Dallas, S. D., and Mr. and Mrs. Henry Herold of Coldridge, Nebr. Mr. and Mrs. S. Stiles and two daughters, Shirley and Jane, of Omaha, were dinner guests Sunday at the home of their cousins, Marion Minturn and Mr. and Mrs. Henry Essert. A daughter, Miss Beth, remained at the home of her grandparents, Mr. and Mrs. A. D. Stiles in Omaha, while her folks visited here. After an illness of four days, Charles James, son of Mr. and Mrs. Frank Tlustos, living on the Creighton farm few miles west of passed away at a. m., Sept. 18, 1931, from infantile paralysis. Deceased was born at Dallas, S. D., August 3, 1913. The funeral was held at 10:30 Sunday, conducted by Rev. V. R. Daniels, with burial in the Springfield cemetery. The bereaved family has the sincere sympathy of the entire community in its sad bereavement. Every day from one to three or four corporations file their articles with the Nebraska secretary of state. The capitalization of these is usually modest, indicating that they are being promoted and financed by those who fall within the designation of the little fellows in trade and commerce. When men find it desirable and advantageous to when so many persons are convinced that everything in the doldrums, it is fairly good evidence that there are lot of others who are convinced that the upward turn has State Journal. A card under the date of September 18th, from A. W. Armstrong says he and his wife are seeing the big iron mine at Hibbing, Minn., one of the largest in the world, 75 miles north of Duluth. He also says that the roads, weather and scenery are fine, and that they are enjoying themselves to the limit. A letter from C. Corell of Cambridge, Nebr., states that he and his wife are feeling fine. That they have very good corn crop, and that the early history of Springfield we have been publishing brings back pleasant memories of their in Springfield and vicinity. Frank Weber of Thirty-eighth and Virginia streets in Eastern Sarpy county, was drowned in the Platte river mile and half west of the bridge at La Platte Sunday afternoon. The man was in the river by himself. He is survived by a wife and four children. In the national baseball series this year, fans will have to choose between Philadelphia of the American League, and St. Louis of the National from present indications. Get acquainted with the of these teams want to be in the swim. Sunday, Sept. 27th will be Rally and Promotion Day at the Springfield M. E. Sunday school. At the 10 o'clock hour everyone present will visit the Primary department. At the 11 o'clock hour the adult department will have charge of the services. It is said, "The paving on Highway No. 77 is just as good as if it had been formally opened with an elaborate ceremony, a pretty girl cutting ribbon, and lot of boresome speech making." This saying hits the nail squarely on the head. In behalf of the citizens of Springfield and the Monitor welcomes Rev. R. Daniels back to our M. E. church here for another year. He was reappointed by the Methodist conference in session in Omaha this week.


Article from The Omaha Evening Bee-News, December 11, 1931

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Article Text

Suit Asks $15,000 Bank Stockholders Suit to collect as liability of four stockholders the closed German bank of Millard was filed Friday in district court by H. Hanley, attorney for the bank receiver. Already having paid 30 per cent the bank is expected to soon make another 30 per cent from Funds from the stockholders' liability make complete payment possible, Hanley said. The defendant stockholders include B. Detweiler. the estate Dohren and Acganbright. The bank was closed last June.