13321. State Bank (Niobrara, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
December 16, 1930
Location
Niobrara, Nebraska (42.755, -98.029)

Metadata

Model
gpt-5-mini
Short Digest
783e92d7

Response Measures

None

Description

Directors voluntarily suspended the State Bank of Niobrara on 1930-12-16 citing crop failure/drought in the region (local shock). The bank was turned over to the state examiner/department. A successor bank (Bank Niobrara) resumed business 1931-06-08. Receivership and sale of remaining assets of the (old) State Bank are recorded in Jan 1932. No run is described in the articles.

Events (4)
1. December 16, 1930 Suspension
Cause
Local Shock
Cause Details
Loss of crops from drought in the section made it difficult for farmers and stockmen to repay loans; cited as cause of suspension.
Newspaper Excerpt
the directors of the State bank of Niobrara decided to close that institution and turn it over to the state commerce department.
Source
newspapers
2. June 8, 1931 Reopening
Newspaper Excerpt
Bryan announced today that the Bank Niobrara, successor the State Bank of Niobrara, for business this morning. The new bank, he said, assumed from the the state bank, cash, notes and other equal percent of the deposits.
Source
newspapers
3. January 14, 1932 Other
Newspaper Excerpt
NOTICE OF SALE OF REMAINING ASSETS OF THE STATE BANK OF NIOBRARA ... the undersigned receiver will sell ... on the 29th day of January, 1932 ... E. H. LUIKART, Receiver of State Bank.of Niobrara
Source
newspapers
4. January 29, 1932 Receivership
Newspaper Excerpt
the undersigned receiver will sell at the Court House ... on the 29th day of January, 1932 ... the entire remaining assets of said bank ... E. H. LUIKART, Receiver of State Bank of Niobrara,
Source
newspapers

Newspaper Articles (9)
1. December 16, 1930 Green Bay Press-Gazette Green Bay, WI
Article from Green Bay Press-Gazette, December 16, 1930

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Article Text

Concluded From Page One 8 Carolina Banks Fail to Open Today the State Bank of Niobrara, at NioNebr. today was here by the department of trade The bank directors voluntarily suspended and turned the institution over to state bank examiner. No reason for action was given. bank had deposits of approximately $275,000. FAILS TO OPEN of the Pope county state bank Golconda for examination and adjustment was announced today. capitalized at $50,000. The first of year the bank had deposits $314,216.41. Loans totaled $244,286.79. PARIS, ILL., FAILURE PARIS, Na. tional at Paris, III., failed its There was run on the bank last Friday. H. Pennell, did not issue statement The bank had capital stock of $50,000. PRESIDENT IS MISSING affairs Andrew president of the state bank of Binghamton, missing since the doors of the institution were closed yesterday, was the object of Inquiry today from sources. The state banking department searching the amount shortage reported to about was one the inFederal officers became interested that Horvatt was the supreme organization and the officers of that organization, the Greek Catholic union, arrived to check their accounts. The exact shortage, state bank examiners might not be determined until early next week. Depositors were largely laborers.

2. December 16, 1930 The Lincoln Star Lincoln, NE
Article from The Lincoln Star, December 16, 1930

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Article Text

NIOBRARA BANK IS CLOSED; SAY CROP FAILURE IS CAUSE Another north Nebraska bank suspension took place Tuesday morning when the directors of the State bank of Niobrara decided to close that institution and turn it over to the state commerce department. There have been several previous filures in Knox county during the past two three months, due largely to the loss of crops from drouth in that section which made it difficult for farmers and stockmen to repay their loans. The State Bank of Niobrara which was the only bank operating in that town. had deposits of about $275,000. It was capitalized $30,000, with book surplus of $6000 The officers were Chris Larsen, president: D. Blankenfeld, vice president: G. B. Bauman, cashier Efforts probably will be made to reorganize the Niobrara bank depositors' meeting will be called soon to consider the situation. Reopening of the bank will depend on its capital stock being resubscribed and paid in, the removal of all impaired assets, and the scaling down of depositors' claims sufficiently to relieve it of excess liabilities.

3. December 17, 1930 Chicago Tribune Chicago, IL
Article from Chicago Tribune, December 17, 1930

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Article Text

11 MORE BANKS CLOSE DOORS IN NORTH CAROLINA Two More Shutdowns in Rural Illinois. Charlotte, C., Dec. in Eleven banks in North Carolina closed their doors today. Four banks in Gaston four the Asheville area of western North Carolina, one in one in and one in Bertie shut doors county First National bank of The was the largest of the with of $3,066,072 on Sept. 24. The Peoples bank of in with capital of $5,000 and resources of $111,338, shut its doors. The Clayton Banking company of capitalized $75,000 and with resources of did not The Bank of Aulander capital of $80,125 and of also did not resources open. Three Small Banks Close. The other three banks, the Gaston Loan and Trust of the Bank of Dallas, and the Peoples bank of West Gastonia comparatively small totaled Closing of the Bank of Franklin, Macon left that town in out financial The a were listed at The deposits Citizens' bank, which merged with the Franklin last month, had deposits of Bank of Swannanoa, with of and the Bank of posits with deposits of failed to after withstanding runs The Bank of Henderson closed in the of heavy remaining open an hour and half. Its deposits were listed at $103,500. Two in South Carolina. S. Bank of York county, closed its doors Lee president the First National bank of Gastonia, failed to this is open president of the Clover tion. The bank had resources of about Golconda Bank Closes. of the Pope County State bank at Golconda for examination and adjustment announced today by State Auditor The bank capitalized at The first of this the had total deposits of $314,216.41. Loans totaled $244,286.79. Another Illinois Bank. a heavy run last week the First National bank of Kansas, this morning failed to open its doors for business. The bank was capitalized at $50,000. Kentucky Bank Reopens. Ky., Dec. (AP) The Farmers bank, which closed here Nov. 26 because of heavy withdrawals, opened today with approval of the state banking department. Depositors have agreed to a deferred payment plan to conserve assets but Christmas savings will be distributed immediate ly. The bank has deposits of W. Virginia Bank Closes. Charleston, W. Va., Dec. The state department of banking today the closing of the Bank of Hillsboro, in Pocahontas county. The bank on Sept. 24 had capital stock of $25,000. Its resources were $205,748.72 and its deposits totaled $127,746. And Another. Fairmount, W. Va., Dec. The Union National Bank of Fairmount closed its doors today. Inability liquidate assets rapidly enough to meet demands for withdrawals was given as the cause for the closing. One in Nebraska. Lincoln, Neb., Dec. closing of the State Bank of Niobrara, at Niobrara, Neb., today was nounced here by the state department of trade and commerce. The bank had deposits of approximately $275,000. One in Salt Lake. Salt Lake City, Utah, The Columbia Trust company of this city was placed in the hands of the state today. Frank said: bank is not insolvent, having 20 per cent reserve at the close of business and it is the opinion of the board that every depositor will be paid Total deposits Total assets are $1,175,590.98." SAVED FROM DEATH BY James from at kidnaped by about shoot when other

4. June 8, 1931 Norfolk Daily News Norfolk, NE
Article from Norfolk Daily News, June 8, 1931

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Article Text

Reorganized Lincoln, June Bryan announced today that the Bank Niobrara, successor the State Bank of Niobrara, for business this morning. The new bank, he said, assumed from the the state bank, cash, notes and other equal percent of the deposits. The reorganization will permit the imcash percent dividend the old depositors. The governor said the reorganization plans provides after claims are approved, the trustees representing the depositors of the State Bank Niobrara may chase for the benefit all old depositors the assets remaining the hands of the close the receivership at an early date.

5. January 14, 1932 The Niobrara Tribune Niobrara, NE
Article from The Niobrara Tribune, January 14, 1932

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Article Text

and Hildegard Tielke husband and wife; Department of Trade and Commerce, State of Nebraska, in charge of State Bank of Niobrara, Niobrars, Nebraska, a corporation, are Defendants, 1 will sell at Public Auotion to the highest bidder for cash at the front door of the Court House in Center, Knox County, Nebraska, on the 15th day of February 1932, at One o'clock p. m., the following described lands and tenements to satisfy the decree and costs in saidaction, namely; The South Half of the Southwest Quarter of Section 8; North Half of the Northwest Quarter and the North Half of the Southeast Quarter of the Northwest Qua ter of Section 17, all in Township 32 North, Range 5 West of the 6th, P. M., in Knox County, Nebraska. Dated this 8th day of January 1932. Norman Burns, Sheriff. By Ralph L. Emmons, Sale No. 6279. Deputy Sheriff. 14-21-28-4-11

6. January 14, 1932 The Niobrara Tribune Niobrara, NE
Article from The Niobrara Tribune, January 14, 1932

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NOTICE OF SALE OF REMAINING ASSETS OF THE STATE BANK OF NIOBRARA, NIOBRARA, NEBRASKA IN THE DISTRICT COURT OF KNOX COUNTY, NEBRASKA. State of Nebraska, ex. rel., C. A. Sorensen, Attorney General. Plaintiff, vs State Bank of Niobrara, Niobrara, Ne. braska, 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 of the District Court of the Ninth Judicial District of Nebraska, held within and for Knox County, Nebraska, on the 2nd day of January, 1932. that the undersigned receiver will sell at the Court Houseat Center, Knox County, Nebraska at 2 o'clock P. M., on the 29th day of January, 1932, the following described property, being the entire remaining assets of said bank, save and except the double liability of stockholders,and directorsi liability after assets are exhausted, to-wit; - BILLS RECEIVABLE, being notes against various persons for different amounts, totalling approximately $92.616.53 ASSETS ACQUiRED: Bills Receivable, being two notes of $500.00 each, totalling $1,000.00. REAL ESTATE N1/2S1/2 Knox County. Clear. 1929 tax paid. Continuation Abstract No. 101 A. County, Nebraska. Clear, 1929 tax paid. W½ Lot 3 and E½ Lot 4, Block 5, Starr's Addition to Niebrara. Clear. 1930 Tax paid. OTHER ASSETS Due from Nebraska State Bank. Norfolk $264.78 2nd R. E. Mtg. given by Guy & Mary Parsons covering S1/2SE1/4 29; NE 1/4 32-32-5, Knox County. 1st mortgage is forclosing $4,000.00 Note of Paul Orr, due 10-1-31 100.00 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 and other assets will be found at the office of the Clerk of the District Court of said County, and all notes will be in the office of the Receivership Division, Department of Trade and Commerce, State Capitol, Lineoln Nebraska, for inspection. All property 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 5th day of January, 1932. E. H. LUIKART, Receiver of State Bank.of Niobrara,

7. January 28, 1932 The Niobrara Tribune Niobrara, NE
Article from The Niobrara Tribune, January 28, 1932

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and Hildegard Tielke husband and wife; Department of Trade and Commerce, State of Nebraska, in charge of State Bank of Niobrara, Niobrara, Nebraska. a corporation, are Defendants, will sell at Public Auotion to the highest bidder for cash at the front door of the Court House in Center, Knox County, Nebraska, on the 15th day of February 1932, at One o'clock p. m., the following described lands and tenements to satisfy the decree and costs in said action, namely; The South Half of the Southwest Quarter of Section 8; North Half of the Northwest Quarter and the North Half of the Southeast Quarter of the Northwest Qua ter of Section 17, all in Township 32 North, Range 5 West of the 6th, P. M., in Knox County, Nebraska. Dated this 8th day of January 1932. Norman Burns, Sheriff. By Ralph L. Emmons, Sale No. 6279. Deputy Sheriff. 14-21-28-4-11

8. January 28, 1932 The Niobrara Tribune Niobrara, NE
Article from The Niobrara Tribune, January 28, 1932

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NOTICE OF SALE OF REMAINING ASSETS OF THE STATE BANK OF NIOBRARA, NIOBRARA, NEBRASKA IN THE DISTRICT COURT OF KNOX COUNTY, NEBRASKA. State of Nebraska, ex. rel., C. A. Sorensen, Attorney General, Plaintiff, vs State Bank of Niobrara, Niobrara, Ne. braska, 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 of the District Court of the Ninth Judicial District of Nebraska, held within and for Knox County, Nebraska, on the 2nd day of January, 1932. that the undersigned receiver will sell at the Court House Center, Knox County, Nebraska at 2 o'clock P. M., on the 29th day of January, 1932, the following described property, being the entire remaining assets of said bank, save and except the double liability of steckholders and directorsi liability after assets are exhausted, to-wit; BILLS RECEIVABLE, being notes against various persons for different amounts, totalling approximately $92,616.53 ASSETS ACQUIRED: Bills Receivable, being two notes of $500.00 each, totalling $1,000.00. REAL ESTATE Clear. 1929 tax paid. Continuation. Abstract No. 101 A. County, Nebraska. Clear, 1929 tax paid. W½ Lot 3 and E½ Lot 4, Block 5, Starr's Addition to Niebrara. Clear. 1930 Tax paid. OTHER ASSETS Due from Nebraska State Bank. Norfolk $264.78 2nd R. E. Mtg. given by Guy & Mary Parsons covering S1/2SE1/4 29; NE1/4 32-32-5, Knox County. 1st mortgage is forclosing $4,000.00 Note of Paul Orr, due 10-1-31 100.00 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 and other assets will be found at the office of the Clerk of the District Court of said County, and all notes will be in the office of the Receivership Division, Department of Trade and Commerce, State Capitol, Lincoln Nebraska, for inspection. All property 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 5th day of January, 1932. E. H. LUIKART, Receiver of State Bank of Niobrara,

9. August 11, 1932 The Creighton News Creighton, NE
Article from The Creighton News, August 11, 1932

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KNOX COUNTY REAL ESTATE TRANSFERS (July 30 to August 5, inc.) Charles W. Ellingson and wife to Sam Mulford, WD dated July 25, 1932, S½SW4 22-31-5, less 5 rods on north, $800.00. Frank Holan and wife to Anna Holan, WD dated August 3, 1932, E½Creighton, Nebraska S. H. Morten and wife to Rollie W. Ley, Receiver, and Merchants National Bank, Omaha, WD dated April 19, $1.00 and O.V.C. Geo. I. Parker, Receiver, to E. H. Luikart, RD dated December 23, 1931, 1-30-3, $1.00. Charles W. Bryan, Governor, et al., to Merchants National Bank, Omaha, D dated June 6, 1932, N1/2SE½ and 1-30-3, June 6, 1932, $75.00. Birdie M. Kindred and husband to Amanda L. Miller, QCD dated July 23, 1932, SWSW 11 and SESE 10 and N½ NE½ 15-32-7, $1.00. Henrietta Wieschendorff, widow, to State of Nebraska, W. D. on part NW NE and N½NW4 2-30-5, (2.747 acres)' $650.00 and a cattle pass, April 30, 1932. Jennie Kurka Burkhart and husband to Anna Kurka, QCD on SWSW 15 and NW1/4 and NESW and W½SE½ 22-32-6, August 4, 1932, $1.00 and a. Roy Copper and wife to Trustees State Bank of Niobrara, QCD on E½ Lot 3, Block 6, Starr's Add., West Niobrara, June 10, 1932, $1.00 and Bohus Svatos and wife to Thomas Mudra, W. D. on Lot 8, Section 7-32-8, April 1, 1932, $600.00. John H. Frisch and wife to Glimsdal & Lane, WD on S½ Lot 13 and N½ Lot 14, Block 4, Winnetoon, June 8, 1932, $10.00. Charles W. Bryan, Governor, et al., to Trustees State Bank Niobrara, Receiver's Deed on N1/2S1/2 and S½N½ of 27-32-7, and W1/2NE½ and E1/2NW1/4 of 13-33-8, and W½ Lot 3,