13319. Newman Grove State Bank (Newman Grove, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 13, 1934
Location
Newman Grove, Nebraska (41.750, -97.775)

Metadata

Model
gpt-5-mini
Short Digest
1cccce09

Response Measures

None

Description

The articles are a receivership notice and notice of sale of the bank's remaining assets after a court order entered June 13, 1934. No run or reopening is mentioned; the bank is in receivership and assets were advertised for sale (sale set for July 13, 1934). Receiver: Luikart.

Events (2)

1. June 13, 1934 Receivership
Newspaper Excerpt
Notice is hereby given by virtue of an order of sale, duly made and entered in the above entitled cause by the Honorable Charles H. Stewart, Judge the District Court ... on the 13th day of June 1934; that the undersigned receiver will sell ... the entire assets of said bank
Source
newspapers
2. July 13, 1934 Other
Newspaper Excerpt
the undersigned receiver will sell at the court house in Madison, Madison County, Nebraska, at nine o'clock on the 13th day of July 1934, the following described property, being the entire assets of said bank
Source
newspapers

Newspaper Articles (2)

Article from Newman Grove Reporter, June 27, 1934

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Article Text

NOTICE OF SALE OF REMAIN ING ASSETS NEWMAN GROVE STATE BANK, MAN GROVE, NEBRASKA IN THE DISTRICT COURT OF MADISON COUNTY, NEBRASKA State of Nebraska, ex rel., Sorensen, Attorney General, Plaintiff, Newman Grove State Bank, Newman Grove, Nebraska, Defendant. Notice is hereby given by virtue of an order of sale, duly made and entered in the above entitled cause by the Honorable Charles H. Stewart, Judge the District Court of the ninth Judicial District of Nebraska, held within and for MadiCounty, Nebraska, on the 13th day of June 1934; that the undersigned receiver will sell at the court house in Madison, Madison County, Nebraska, at nine o'clock on the 13th day of July 1934, the following described property, being the entire assets of said bank, save and ex cept the liability of stockholders and directors' liability, after assets are exhausted, to-wit: BILLS RECEIVABLE: Being notes of various persons for different amounts, totaling approximately $137,980.96 The receiver will offer for sale any equity he may have in the following described notes pledged collateral to Bills Payable First National Bank, Chicago: Ekstrom, John R. & Emma, copy $8,000.00 Ekstrom, Paul, copy 8,000.00 Nelson, Johnnie, Gus Copy 1,725.00 Olson, Oliver 4,650.00 $22,375.00 FURNITURE & FIXTURES: The above assets will be offered The remaining items of furniboth separately also ture and fixtures will be offerwhole. Full lists of notes, judgfor sale. ments and other assets will be OTHER ASSETS: Being varfound in the office of the Clerk of ious cash items, including the District Court of said county, Bankers Conservation Fund and all notes are subject to inthe amount of totaling spection the office of the Reapproximately $1,616.97 ceivership Division of the DepartOVERDRAFTS: Being overment of Banking of the State of drafts of various persons for Nebraska, in the State House, at different amounts, totaling apLincoln, Nebraska. proximately $1,278.86 All property herein advertised REAL ESTATE: All real estate to be sold "as is". Bank Building, Lot Block Railroad Addition to Newman Grove, Madison County, Nebraska. ASSETS NOT CARRIED ON BOOKS: Being judgment against Ole Bringer, District Colfax County, braska, 10-24-22, $1,396.60 ASSETS ACQUIRED: Bills Receivable, being notes of various persons in different amounts totaling approximately ASSETS ACQUIRED: Judgments, being judgment against John Johnson, Dist. Ct., Boone Co., 11-19-30. $16,License 3-1565 751.14 ASSETS ACQUIRED: Other Assets, being draft, Norfolk ON RATES Nat. Bk. $8.00 The above list of assets is subject to any change before time of sale. The above assets will be offered both separately and also whole. Full lists of notes, judgand other assets will be found in the office of the Clerk of the District Court said county, Phone 4041 all notes are subject to spection at the office of the Receivership Division of the De-


Article from Newman Grove Reporter, June 27, 1934

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Article Text

partment of Banking of the State of Nebraska, in the State House, at Lincoln, Nebraska. All property herein advertised for sale is subject to liquidation prior to date of sale. Application to confirm said sale will be made to the court one week after date of sale. Said sale shall be for cash, as by law provided. Dated this day of June, 1934. LUIKART, Receiver of Newman Grove State Bank, Newman Grove, Nebraska. (June