American Loan & Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: October 3, 1896
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: e912d965

Response Measures

None

Description

Articles show a court-ordered receivership (order made Oct 3, 1896) and subsequent receiver's sales in Oct 1896 and Feb 1897. No article describes a depositor run; the bank was placed in receivership and assets advertised for sale, indicating permanent closure under a receiver.

Events (2)

1. October 3, 1896 Suspension

Cause: Government Action
Cause Details: Court order in suit (John A. Ordway and others v. American Loan and Trust Company) leading to appointment of a receiver.
Newspaper Excerpt: order of the circuit court of the United States, within and for the district of Nebraska, made on the 3rd day of October, 1896
Source: newspapers

2. October 5, 1896 Receivership

Newspaper Excerpt: Dated October 5, 1896. PHILIP POTTER, Receiver. Montgomery & Hall, Attorneys. Oct.5 d10t and as receiver of the business, property and assets of the American Loan and Trust company (Article 1). (Receiver named and sale notice published.)}
Source: newspapers

Newspaper Articles (4)

1. October 11, 1896 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, October 11, 1896

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Article Text

RECEIVER'S SALE. Notice is hereby given that I, the undersigned, as receiver of the business, property and assets of the American Loan and Trust company, pursuant to an order of the circuit court of the United States, within and for the district of Nebraska, made on the 3rd day of October, 1896, in the suit therein pending wherein John A. Ordway and others are complainants and the American Loan and Trust company is defendant, will, at 10 o'clock in the forenoon on the 15th day of October, 1896, at the front door of my office, No. 1617 Farnam street, in the city of Omaha, Douglas county, Nébraska, sell at public auction, all the property, assets and interests of the American Loan and Trust company, then remaining in my hands or the hands of any other persons accountable to me therefor, to the highest bidder or bidders for cash. Dated October 5, 1896. PHILIP POTTER, Receiver. Montgomery & Hall, Attorneys. Oct.5 d10t

2. January 16, 1897 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 16, 1897

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Article Text

DUFFY'S PURE MALT WHISKEY All Druggists. Notice of Sale by Receiver of Ameris can Loan and Trust Company. Notice is hereby given that I, the undersigned, as receiver of the business, property and assets of the American Loan and Trust Company, pursuant to an order of the circuit court of the United States, within and for the District of Nebraska. made on the 15th day of January, 1897, in the suit therein pending wherein John A. Ordway and others are complainants and the American Loan and Trust Company is defendant, will, at 10 clock in the forenoon on the first day of February, 1897, in my office at No. 1617 Farnam street, in the City of Omaha, in the County of Douglas and State of Nebraska, sell at public auction all the property, assets and interests of the American Loan and Trust Company remaining in my hands or in the hands of any other persons accountable to me therefor, to the highest bidder or bidders for cash. The said property, assets and intersts are more particularly described in my special report filed in said suit in said court on the 3rd day of October, 1896, and the 15th day of January, 1897. upon which. in connection with the record in said sult the said order of the court is based. In addition to my reports on file and the record in said suit I will personally give such information from my books or otherwise as may be requested by any interested person touching the property herein advertired for sale. Dated this 16th day of January, 1897. PHILIP POTTER. Receiver. Montgomery & Hall, Attorneys. j16d10tm

3. January 18, 1897 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 18, 1897

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Article Text

Notice of Sale by Receiver of American Loan and Trust Company. Notice is hereby given that f, the undersigned, as receiver of the business, property and assets of the American Loan and Trust Company, pursuant to an order of the circuit court of the United States, within and for the District of Nebraska, made on the 15th day of January, 1897, in the suit therein pending wherein John A. Ordway and others are complainants and the American Loan and Trust Company is defendant, will, at 10 o'clock in the forenoon on the first day of February, 1897, in my office at No. 1617 Farnam street, in the City of Omaha, in the County of Douglas and State of Nebraska, sell at public auction all the property, assets and interests of the American Loan and Trust Company remaining in my hands or in the hands of any other persons accountable to me therefor, to the highest bidder or bidders for cash. The said property, assets and intersts are more particularly described in my special reports filed in said suit in said court on the 3rd day of October, 1896, and the 15th day of January, 1897. upon which, in connection with the record in said suit the said order of the court is based. In addition to my reports on file and the record in said suit I will personally give such information from my books or otherwise as may be requested by any interested person touching the property herein advertised for sale. Dated this 16th day of January, 1897. PHILIP POTTER, Montgomery & Hall, Receiver. Attorneys. j16d10tr

4. January 23, 1897 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 23, 1897

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Article Text

Notice of Sale by Receiver of American Loan and Trust Company. Notice is hereby given that I, the undersigned, as receiver of the business, property and assets of the American Loan and Trust Company, pursuant to an order of the circu'. court of the United States, within and for the District of Nebraska. made on the 15th day of January, 1897, in the sult therein pending wherein John A. Ordway and others are complainants and the American Loan and Trust Company is defendant, will, at 10 o'clock in the forenoon on the first day of February, 1897, in my office at No. 1617 Farnam street, in the City of Omaha, in the County of Douglas and State of Nebraska, sell at public auction all the property, assets and interests of the American Loan and Trust Company remaining in my hands or in the hands of any other persons accountable to me therefor, to the highest bidder or bidders for cash. The said property, assets and intersts are more particularly described in my special reports filed in said suit in said court on the 3rd day of October, 1896, and the 15th day of January, 1897. upon which. in connection with the record in said suit the said order of the court is based. In addition to my reports on file and the record in said suit I will personally give such information from my books or otherwise as may be requested by any interested person touching the property herein advertised for sale, Dated this 16th day of January, 1897. PHILIP POTTER. Receiver. Montgomery & Hall, Attorneys. 116310tm