American Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: *
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: e8123207

Response Measures

None

Description

Article (obituary, 1920-01-21) describes that a receiver closed the affairs of the American Savings Bank and paid all depositors in full. No mention of a depositor run; describes a failed institution handled by a receiver. No date of suspension/receivership given in the article, so the failure likely occurred prior to the 1920 obituary date. 'State' chosen for bank_type because it is a savings bank (state-chartered likely).

Events (1)

1. * Receivership

Newspaper Excerpt: He made an enviable record in closing the affairs of the American Savings bank, as this is perhaps the only instance in Omaha where the receiver of a bank paid all depositors every dollar they had on deposit in the failed institution.
Source: newspapers

Newspaper Articles (1)

1. January 21, 1920 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, January 21, 1920

Click image to open full size in new tab

Article Text

# Pioneer Banker Dies # Following Operation (Continued From Page One.) State bank. He made an enviable record in closing the affairs of the American Savings bank, as this is perhaps the only instance in Omaha where the receiver of a bank paid all depositors every dollar they had on deposit in the failed institution. This firmly established his reputation for ability and integrity as a banker. Inf 1895 Mr. Thomas became cashier of the Union National bank of Omaha, which was consolidated 10 years later with the United States National bank. In 1909 Mr. Thomas, together with Joseph Hayden and T. E. Stevens, organized the Corn Exchange National bank of Omaha, of which institution he was vice president until he retired from active business about seven years ago. Owned Nebraska Farms. He has since then devoted much of his time to some farms that he owned in eastern Nebraska. Mr. Thomas formerly was prominently identified with civic activities of Omaha. He was a charter member of the Omaha Field club, the University club and the Omaha Grain Exchange. Mr. Thomas was a 32d degree Mason, a Shriner and a life member of the Omaha lodge of Elks. He was greatly interested in the work of the Nebraska Children's society, of which he had been the state treasurer for many years. For four years Mr. Thomas was police commissioner of Omaha, being originally appointed by Gov. Ezra Savage and reappointed by Gov. John H. Mickey, both his life-long friends. He was married to Della Wagner of Carroll, Ia., June 14, 1878. Their two children live in Omaha, Mrs. Wayland W. Magee of Bennington and Fred W. Thomas, vice president of the First National bank of Omaha. Funeral arrangements have not been made.