13265. German Bank (Millard, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 12, 1932
Location
Millard, Nebraska (41.208, -96.121)

Metadata

Model
gpt-5-mini
Short Digest
dc0bf607

Response Measures

None

Description

Contemporary articles refer to the institution as the closed German bank of Millard and discuss dividends being paid by the state bank receiver, indicating the bank had previously suspended and was in receivership (permanent closure). No run is mentioned in the articles. Dividend/receiver actions dated Oct 1932.

Events (3)
1. October 12, 1932 Other
Newspaper Excerpt
A third dividend of 10 per cent will be paid by the closed German bank of Millard ... The dividend will bring $14,031 to depositors and will bring the total paid by the bank to 40 per cent, or $70,157.
Source
newspapers
2. October 12, 1932 Receivership
Newspaper Excerpt
third dividend of 10 per cent will be paid by the closed German bank of Millard according to petition filed in district court by E. H. Luikhart, state bank ceiver [receiver]. The dividend will bring $14,031 to depositors and will bring the total paid by the bank to 40 per cent, or $70,157.
Source
newspapers
3. * Suspension
Cause Details
Bank had previously closed and was under state bank receivership; articles do not specify the initial cause or date of suspension.
Newspaper Excerpt
the closed German bank of Millard
Source
newspapers

Newspaper Articles (2)
1. October 12, 1932 The Omaha Morning Bee-News Omaha, NE
Article from The Omaha Morning Bee-News, October 12, 1932

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Article Text

MILLARD BANK TO PAY 10 PER CENT DIVIDEND third dividend of 10 per cent will be paid by the closed German bank of Millard according to petition filed in district court by E. H. Luikhart, state bank ceiver. The dividend will bring $14,031 to depositors and will bring the total paid by the bank to 40 per cent, or $70,157.

2. October 15, 1932 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, October 15, 1932

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Article Text

BANKING NEWS BANK DIVIDENDS $33,916.66 or 20% Oakland State Bank, first payment. $23,184.96 or 20% Franklin Exchange Bank, first payment. $9,335.50 or 10% Bank of Campbell. Prior payments $14,003.17 or 15%. $15,248.98 or 10% Upland Banking Co. Prior payments $38,122.08 or 25%. $10,589.65 or 10% Farmers State Bank, Cortland. Prior payments $10,589.65 or 10%. $9,190.44 or 10.95% Farmers State Bank, Chapman. Prior payments $41,965.77 or 50%. $7,729.06 or 5% Norfolk Savings Bank. Prior payments made during receivership $15,458.23 or 10%. $3,600.18 or 3% Breslow State Bank. Prior payments $9,606.09 or 8%. 21% of original deposits paid during going bank period. The last dividend of the City National bank of Kearney, closed in 1929 was anounced Monday at 2.85 per cent. This brought the total payments to $828,595. A third dividend of 10 per cent will be paid by the closed German bank of Millard, according to a petition filed in district court by E. H. Luikhart, state bank receiver. The dividend wi bring $14,031 to depositors and will bring the total paid by the bank to 40 per cent, or $70,157.