13347. Hinds State Bank (Odell, NE)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
December 26, 1929
Location
Odell, Nebraska (40.050, -96.803)

Metadata

Model
gpt-5-mini
Short Digest
a9aec1b4

Response Measures

Full suspension, Books examined

Other: Bank was taken into possession by State Banking Department and placed in receivership; later receiver sued to recover notes and paid partial dividend.

Description

Multiple articles report a quiet run in late December 1929 that reduced deposits and led to the bank's closing. The state banking department/examiners took charge in early January 1930; receiver actions and litigation followed in April 1930 and later. No reopening is reported; liquidation and receiver dividends occurred.

Events (5)

1. December 26, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank condition became impaired after heavy withdrawals; management said condition impaired and could not be sustained without large additional cash infusion (nearly $40,000).
Newspaper Excerpt
The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in 30 years.
Source
newspapers
2. December 27, 1929 Run
Cause Details
Gradual heavy withdrawals described as a quiet run over months (not attributed to a specific rumor or correspondent failure).
Newspaper Excerpt
A quiet run on the bank is said to have brought the deposits down to less than $100,000.
Source
newspapers
3. January 9, 1930 Receivership
Newspaper Excerpt
Examiners from the state banking department arrived Odell yesterday afternoon and have taken over the affairs of the bank.
Source
newspapers
4. April 28, 1930 Other
Newspaper Excerpt
Clarence Bliss, state bank receiver, has begun an action in district court seeking the return of $19,795 in notes alleged to have been removed from the failed Hinds State bank of Odell after the institution was known to be insolvent.
Source
newspapers
5. April 17, 1931 Other
Newspaper Excerpt
A ten per cent dividend to the depositors the Hinds State bank of Odell was approved ... The dividend increases the repayment to depositors of the failed institution to 35 per cent. Liquidation is not yet complete.
Source
newspapers

Newspaper Articles (20)

Article from Beatrice Daily Sun, May 9, 1929

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field to reopen its doors. RETRIAL As re-vamped, the bank has paid in capital $25,000 surplus of $10,000. It closed February 25, 1929. Reorganized under the fashioned after Minnesota Crop Mortgage dict Reversed At Lincoln LIEN BEFORE GRAIN GROWN retrial of the controversy beKelley, Wymore, William and Ora Kanarr, farm couple residing near Odell, over the latter's 1927 corn crop been ordered by the state supreme was heard during April, 1928, before district court jury ending in verdic: in favor of Kelley brought suit fifths of the plaintiffs 140 acre corn crop on held. The attempted to show that the Hinds State bark of Odell held first mortgage on the crop the result argeement with Kanarr, and that Kelley's mortgage although read signed by Kanarr on the that would second. It was brought during the trial that an elderly man, suffered defective eyesight and unable to read instrument when was Moss On Bench Judge William Jefferson oMss over the trial. The court reversing Judge Moss pointed out that the district court erred when held that Kelley's was first lien that the lien of bank could not been created the the to give on the crop before planted. It holds that ordinarily thing not being cannot settled that mortgage is created such promise as Kelley knew of its existence. The court adds Kelley will relived the duplicity because the mortgagors exercise the last degree of care.


Article from The Columbus Telegram, December 27, 1929

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FIRST BANK IN 30 YEARS Neb., Dec. closing the Hinds State bank Odell yesterday said be the first bank failure Gage county The bank organizHinds, cashier, said the dition the bank was impaired but that did not believe insolvent. The organized the Hinds capitalized $20,000 and had deposits of quiet bank said have brought deposits down less than


Article from Fremont Tribune, December 27, 1929

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GAGE COUNTY HAS FIRST BANK LOSS ODELL, NEB., Dec. 27 (U.P)-The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in' 30 years. The bank was organized in 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe it was insolvent. The bank, organized by the Hinds famly, was capitalized at $20,000 and had deposits of approximately $165,000. A quiet run on the bank is said to have brought the deposits down to less than $100,000.


Article from The Hastings Daily Tribune, December 27, 1929

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COZAD ACCIDENT FATAL Neb., Dec. juries sustained when thrown from car Elm Creek resulted in the death Kearney hospital of Ray Scott, lifelong Cozad. Scott injured when the door of his machine jarred open rounded curve and he was thrown out. Entertain Christmas Dec. and Timothy Farrell entertained family gathering at their hom\ day. and Mrs. McCoy Bobby, Martha Florence Lee Gardner and of and Dorothy Fremont; Lester Farrell of Lincoln; and Mrs. Fred Metzer and and Mrs. Rob and Patty and Audrey of Hastings; Kath and Powers, and Robert Wilson Dale Harvard. First Failure Years ODELL, Neb., Dec. closing the Hinds State Bank Odell yesterday said to be the first bank failure Gage county in 30 years. The bank was organ 1903. N. Hinds, cashier, said the condition the bank impair that did not believe The bank, organiz the Hinds family, cap and had deposits of the bank said have brought the deposits down to less than $100,000.


Article from The McCook Daily Gazette, December 27, 1929

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Odell Bank Is Closed Odell, Neb., Dec. 27 The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1903. N. Hinds cashier, said the condition of the bank was imired, but that he did not believe it was insolvent. The bank, organized by the Hinds family. was capitalized at $20,000 and had deposits of approximately $165, 000. quiet run on the bank is said to have brought the deposits down to less than $100,000.


Article from York News-Times, December 27, 1929

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FAMILY BY SISTER MARY NEA Service bread is delicious to serve with afternoon tea. Plain bread and butter sandwiches the bread are dainty and most compatible with tea. If more elaborate sandwich is wanted. cream cheese and nuts make an excellent filling. Either yeast bread or quick bread can be flavored with orange. The yeast bread keeps better. so the bread must be made long before wanted this rule is more desirable. Orange Bread (Yeast Method) One cake compressed yeast, cup orange juice, tablespoons grated orange rind. tablespoons sugar. tablespoons melted butter, 1-2 cup candied orange peel, egg yolk, 1-2 teaspoon salt, 1-4 cup lukewarm water, cups flour. Dissolve yeast cake in water. Add orange juice, half the sugar, salt and cup flour. Stir with spoon until smooth and let stand covered in warm place until bubbly and doubled in bulk Add remaining sugar, butter, orange rind and finely chopped candied peel and egg yolk Mix well and add remaining flour. Use as little flour possible. Knead until smooth and elastic and put into mixing bowl. Cover and let rise in warm place until double in bulk. Shape into loaf and let rise again. When double in bulk, bake one hour in moderately hot oven. Orange Bread (Quick Method) Four cups pastry flour, teaspoons baking powder, teaspoon salt, 1-2 cup sugar, tablespoons melted butter, tablespoons grated orange rind, 1-2 cup orange marmalade, cups milk. Mix and sift flour, salt, baking powder and sugar. Beat egg until light and add with remaining ingredients to dry mixture. Mix thoroughly and turn into a welloiled bread pan. Let rise 15 minutes and bake 50 minutes in moderate oven. BANK CLOSES ODELL, Neb., Dec. closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe it was insol vent. The bank organized by the Hinds family. was capatalized at and had deposits of approximately $165,000 quiet run on the bank is said to have brought the de posits down to less than $100,000. Dr. K. F. Wirt, Chiropractor UsIng the latest methods and equipment. Read Building. Phone 72. York, Neb. Itf.


Article from The Stockman's Journal, December 27, 1929

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First Gage County Bank Failure In Thirty Years ing of the Hinds State bank at Odell yesterday is said to be the first bank failure Gage years. The bank was organized 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe was insolThe bank, organized by the Hinds family was capitalized at $20, 000 and had deposits of $165,000 quiet run on the bank said to have brought the deposits down to less than $100,000. Offer a woman of today pinch of snuff and she will be quite as much offended as Victorian by the offer of Yet century ago the invitation snuff would have been accepted without demur


Article from Nebraska Daily News-Press, December 28, 1929

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Gage County Bank Is Closed Thursday ODELL, Neb., Dec. closing the Hinds state bank at Odell is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1908. Hinds, cashier, said the dition of the bank impaired but that he did not believe insolvent. The bank, organized by the Hinds family, was at $20,000 and had approximately $165,000. the bank said to have brought the deposits down to less


Article from The Marysville Advocate, January 2, 1930

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ODELL. NEB. BANK GOES UNDER AFTER "RUN" The Hinds State Bank, at Odell, Nebr., one of the oldest banks in the


Article from Saline County Democrat, January 9, 1930

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ODELL CLOSED ON THURSDAY Hinds State Bank In The Hands of State Banking Department Hinds State Odell, the oldest banks the town. untarily closed doors the morning Examiners from department arrived Odell yesterday afternoon taken affairs of the withdrawals of deposits reason for closing institution, Hinds, stated Thursday afternoon. Hinds stated that probably could longer putting more money inthe institution to tide him over. but did not was advisable putting nearly $40,000 additional reserve hold the business open, Hinds Bank. family capital $25,000 the time deposits Rumors distressing nature for the the in late Thursday afternoon Approximately per deposits the during the pust Hinds estimates approximately per deposits out since the first Odell Oracle. MRS. JOSEPH ENDLER DEAD Mrs. Joseph Endler passed about Tuesday, January years months Endler born the vicinity July 23, and has lived all of her life has been in health of which bedfast. Endler's maiden name was Smisek. daughter Mr. Joseph Smisek. surby husband, Joseph Endler sister, Rose Pisny Omabrothers. Joseph Exeter. Adolph Cortland and Frank Edward, Stanley and William Wilber. The funeral held from the Havel Houser chapel Thursday, Janbody laid the Bohemian cemetery of


Article from The Wilber Republican, January 10, 1930

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ODELL BANK IS CLOSED ON THURSDAY Hinds State Bank The Hands of The State Banking Department The Hinds State Bank, Odell, one of the oldest banks in the town, untarily closed its doors the morning after Christmas. Examiners from the state banking department arrived Odell late yesterday afternoon and have taken over the affairs of the bank. Heavy withdrawals of deposits cently reason for closing the Chas. Hinds, president, stated Thursday afternoon Hinds is said to have stated that probably could have held on little longer by putting lot more money in to the institution to tide him over, but he did not think was an advisable move. It would have required putting nearly $40,000 additional in the cash reserve to hold the business open, said. The Hinds State Bank, family bank, had capital of $25,000 and at the time It was closed deposits of about $98,000. Rumors of distressing nature were probably responsible more than anything else for the "run" on the bank It was stated in Odell late Thursday afternoon. per cent of the deposits of the bank were withdrawn during the past three or four months. Hinds estimates that approximately 40 per cent of the deposits taken out since the first of September.Odell Oracle.


Article from The Snyder Banner, January 23, 1930

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Parent Teacher's Association Will Meet The Snyder Parent Teacher's Association will ;meet at the Public school and auditorium on Wednesday Jan. 29, Everyone interested in schoo is invited to attend this meeting Arnold-Feed and Implement Store to open 8000 in newly constructer building south of Arnold Cooperative Creamery. Plattsmouth-New traffic bridge over Missouri River completed. Wausa-Construction of new West ern State Utilities Company plan on West Broadway Street, nearing completion. Cambridge-Ford Garage changed bands. Creighton- City pumping station being improved and redecorated. Neigh-Christian Church building moved from west of Clearwater to site here. Fontauelle-Ctisens of this place petition improvement of roade in this vicinity, Odell-Depositore of closed Hinds State Bank consider organization of new bank. Blair- Cooperative Creamery opened for busluess Neligh- Bottling works opened in Elkhorn Valley Creamery building Howells-Stangel Shoe Shop chang ed location. ery building will erected in north east cornor of railroaperkd. Plattsmouth G ading. excavating and filling along new highway to Missouri River bridge nearing Lyman-Road to Packer Lakes to be improved. Neligh-New hatchery started opera tions. Kearney-Old Fort Kearney near here consisting of 40 acres, accepted by State as State park. Neligh-Western Union Telgraph Company opened office here. Lewellen Lewellen Creamerv puichased two lots for erection of new butter factory building. Movement laudoned to have grave highway extending from Lon


Article from Lincoln Journal Star, April 28, 1930

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ACTION NOTES Bliss Enjoins Holders From Selling or Collecting on Them. the reinstatement of notes alleged to been rmeoved from Hinds State bank of Odell, after that institution was known to insolvent, Bliss, state bank has gun an action district court against Charles Hinds, and cashier the defunct bank, six other defendants. The enjoin all the defendants from disposing of or collecting upon the notes and also would hold them to full accounting


Article from Fremont Tribune, April 28, 1930

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NEWS BULLETINS NORFOLK. April 28 (U.R)-George Conrad. 68 arrested last week at Premont. was found guilty on two counts of the theft of automobile motor meters and was sentenced to serve 30 days in the county jail on each count. WEST POINT April 28 (U.R)More than 300 gallons of alcohol valued at more than $3,000 was held in the county jail here today while officers investigated its ownership The alcohol was found on an abandoned truck that had been rented from an Omaha concern that rents trucks and automobiles. Griffith. of Columbus. was elected president of the Nebraska Federa Non of Business and Professional Women's clubs here at the close of the annual convention. and Omaha won the next convention The Columbus club won the silver cup for having the most activities. Other officers included: Angeline Wood. vice presidents; Carrie Miller. CoDonothy Knott. Norfolk recording ing the re-Instatement of $19,795.54 in notes which were alleged to have been removed from the Hinds State bank. of Odell. after that institution was known to be insolvent. Clarence Bliss state bank receiver. has begun an action in district court against Charles Hinds. president and cashier of the defunct bank. and six other defendants. The action would enjoin all the defendants from disposing of or collecting upon the removed notes and also would hold them to full accounting


Article from The Hastings Daily Tribune, April 28, 1930

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TOTALS Woods Says Benson Embezzlement Much Larger Than Confessed Depositors Will Suffer. Neb., Apr. Although Emil Benson, convicted cashier of the Citizens State Bank, of Wahoo, has admitted taking tween $35,000 and $40,000 from the George W. Woods, state bank told 1,300 depositors that records indicated he has taken least $100,000. Woods warned the depositors they could not expect too great return from the seven banks that failed recently in Saunders county. Kirchman, president of the closed Saunders County National Bank and head of chain of six banks that failed, faces federal charges that he made false entries totaling Moves Against Hinds. Neb., Apr. Seeking the re-instatement of $19,in notes which were alleged have been removed from the Hinds State Bank, of Odell, after that institution was known to be Clarence Bliss, state bank receiver, has begun action in district court against Charles Hinds, president and cashier of the defunct bank, and six other defendants. The action would enjoin all the defendants from disposing of or collecting upon the notes and also would hold them to full


Article from Norfolk Daily News, April 28, 1930

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Seeks Return of $19,795 in Notes Beatrice, Neb., April Clarence Bliss, state bank has begun an action in district court here seeking the return of $19,795 in notes, alleged to have been removed from the failed Hinds State bank of Odell after the institution was known to be Among those named defendants Albert William Runkle, John Krug, the Odell Cemetery association, The Home Savings and Loan clation of Beatrice and Martin Eickmann, its cashier. Since the creation of the Oregon state parole board in total 2,544 have been paroland convicts pardoned.


Article from The McCook Daily Gazette, April 28, 1930

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Nebraska Briefs Hastings, Apr. Griffith, was president the eration of business and professional clubs here at the close of the annual convention, and Omaha the next convention. The Columbus club the silver for having the most activities. Other included Angeline Wood, Hast ings, Pearl Jenks, Omaha, vice presidents; Carrie Miller, Columbus, corresponding secretary; Dorothy Knott, Norfolk, recording secretary; Hattie John, Aurora Norfolk, Apr. Conrad, 68, arrested last week at Fremont, was found guilty two counts of the theft of automobile motormeters and was tenced serve 30 days in the county jail on each count. West Point, 28 More than 300 gallons of alcohol, valued at more than $3,000, held the county here day while officers investigated its ownership. The alcohol found abandoned truck that had been rented from an Omaha concern that rents trucks and automobiles. Wahoo, Apr. 28 though Emil Benson, convicted cashier of the Citizens State Bank of Wahoo, has admitted taking $40,000 from the institution, George Woods, state bank commissioner, told depositors that records indicated he has taken least Woods warned the dethey could not expect positors too great from the banks that failed recently KirchSaunders county. president the closed bank head of chain of six banks and faces federal charges that false entries total$48,000. Beatrice, Apr. the of $19, in notes which were have been removed from leged the Hinds State Bank, of Odell, that institution was known after insolvent, Clarence Bliss, to be bank receiver, has begun an state action district court against Charles Hinds, president and cashof the defunct bank, and six defendants. The action other would enjoin all the defendants or collecting from disposing notes and also upon the would hold them to full counting. One believe reason we will do of walking Coolidge that he said in his retirement into his 16-room manon moving will sion recently dogs more


Article from The Weekly Wymorean, August 28, 1930

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HINDS DROPPED Charles Hinds, Odell banker, has been cleared of charge of bezzlement In connection with the failure of the Hinds State bank, and been given continuance his three September 22. Hinds had been charged in the original action brought in district court by the bank receiver with tributing to the failure of the bank by embezzlement of $5,000. That charge was dismisesd last Thursday.


Article from Beatrice Daily Sun, April 17, 1931

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TEN PER CENT IDEND A ten per cent dividend to the depositors the Hinds State bank of Odell was approved yesterday by District Judge Fred W. Messmore upon application of the bank receiver. The dividend increases the repayment to depositors of the failed institution to 35 per cent. Liquidation is not yet complete.


Article from Beatrice Daily Sun, October 5, 1931

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HINDS AND HUCKETT REMOVED TO PRISON TO FINISH SENTENCES George O. Huckett. Wymore, and Charles N. Hinds, Odell, who been in confinement at the county jail were removed the state penitentiary Monday by Sheriff Tom Dunn. Huckett was found guilty of son year ago and sentenced from five years. He failed to establish an alibi after plosion had wrecked his and investigators found oil soaked clothing in the ruins. Hinds, five years for violation of the state banking laws in with the failure of the Hinds State bank of Odell. Huckett has been in the county jail since November 1930. BANKS SUSPENDS banking department officials nounced today the closing of the Venango State bank Venango for liquidation. Capital stock was and deposits about $50,000. Venango in Perkins county. Harold Baxter of Johnson cousBeatrice business visitor today.