13367. Bank of Omaha (Omaha, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 8, 1889
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
5b4f1f1a

Response Measures

None

Description

Articles state the Bank of Omaha 'suspended payment about eight days ago' (Article 1, Omaha Daily Bee 1889-06-16) and subsequently is referred to as the 'fallen' bank with depositors filing proofs of claim and the bank filing a statement in county court (Article 2, 1889-08-11). No explicit run is described. The bank appears to have suspended and entered receivership/closure.

Events (3)

1. June 8, 1889 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended payments (insolvency/financial failure) leading to filing of statement in county court; described as 'fallen' and 'wreck'.
Newspaper Excerpt
which suspended payment about eight days ago
Source
newspapers
2. June 16, 1889 Receivership
Newspaper Excerpt
It Files a Statement of its Condition in the County Court. Vice President Charles P. Needham and Cashier Frank Wasserman, of the Bank of Omaha, which suspended payment about eight days ago, filed the following statement in the county court: ASSETS.
Source
newspapers
3. August 11, 1889 Other
Newspaper Excerpt
Heretofore the fallen Bank of Omaha has figured in the courts only as defendant. Yesterday it had so far recovered that it begun an action ... Seven-year-old Artemus Kilkenny, son of John Kilkenny, was one of the depositors of the Bank of Omaha who appeared in county court yesterday morning to file proof of claim.
Source
newspapers

Newspaper Articles (2)

Article from Omaha Daily Bee, June 16, 1889

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Article Text

THE BANK OF OMAHA. It Files a Statement of its Condition in the County Court. Vice President Charles P. Needham and Cashier Frank Wasserman, of the Bank of Omaha, which suspended payment about eight days ago, filed the following statement in the county court: ASSETS.


Article from Omaha Daily Bee, August 11, 1889

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Article Text

County Court. The worm has turned. Heretofore the fallen Bank of Omaha has figured in the courts only as defendant. Yesterday it had so far recovered that it begun an action against M. L. and Fremont Jaynes and John P. Thomas to recover $487.35, alleged to be due on a promissory note assigned to the bank. Frank S. Pierce filed a petition setting forth that he was the only surviving member of the firm of Armstrong & Pierce, Mr. Armstrong having died the present year. As a firm they had headquarters at Palmer, Neb., and engaged in buying and selling upon the South Omaha market hogs and cattle. In December, 1868, they shipped to the commission firm of Parkhurst, Hopper & Parker, to be sold, hogs to the value of $839.64. A sale was made, but the commission men failed to turn over more than $326.36, and Pierce sues now for the balance. 2-126 was a lot of depositions in the case of the Columbus bank vs. Woodbridge Bros. In the case of the Phoenix Insurance company vs. H. E. Weybridge et al., a stipulation to reinstate was filed. Charles M. Bachman's petition told graphically how he had been induced to leave a situation which paid him $50 a month to accept a year's work for Charles and Anna Riewe, undertakers, at $65 a month, and further states that after little more than a month of service he was discharged, and cannot get another place. Wherefore, he prays that the verbal contract by which the Riewes assured him of one year's work be declared binding, and that he be given judgment for $600. Seven-year-old Artemus Kilkenny, son of John Kilkenny, was one of the depositors of the Bank of Omaha who appeared in county court yesterday morning to file proof of claim. The lad had saved from his earnings $7.65, and acting on the advice of his father he deposited it in the late lamented bank. William Lehr, an employe of the Omaha Milling company, is another of those who lost their all in the wreck. He deposited $1,400, the amount of a back pension awarded him. A wife and six children are now entirely dependent on the labor of his hands.