13369. Bank of Omaha (Omaha, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 1, 1931*
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
b5f01a97

Response Measures

None

Description

Articles indicate the Bank of Omaha closed about a year before 1932 and was among nine banks that have been reopened during recent months after restoration by stockholders and depositors. There is mention of receivership/liquidation costs and depositor agitation in fragments, but no clear, contemporaneous description of a depositor run that directly caused the suspension. Therefore I classify this as a suspension with subsequent reopening. Dates are approximate because articles give relative timing (about a year ago, recent months).

Events (2)

1. January 1, 1931* Suspension
Cause Details
Articles state the bank closed about a year earlier but do not specify an immediate cause (receivership/liquidation mentioned elsewhere).
Newspaper Excerpt
the bank of Omaha, which closed its doors about year ago
Source
newspapers
2. January 1, 1932* Reopening
Newspaper Excerpt
Nine banks have been reopened during recent months. ... These banks are located at ... Omaha ... restored to solvency by stockholders with the cooperation of depositors.
Source
newspapers

Newspaper Articles (3)

Article from The Stratton News, January 7, 1932

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Article Text

STATE CAPITOL NEWS Paving the gap of 26 miles from Columbus to Clarks has been tentatively added to the road building progrom for 1932. The paving of this stretch will complete the final link in a continuous 160 mile stretch from Omaha to Alda, six miles west of Grand Island. The annual report of the state superintendent of schools shows the total receipts for the year 1931 to have been $32,501,611 and the expenditures $28,114,616. The receipts in 1930 were $33,071,609 and expenditures were $27,853,595. Although the receipts decreased in 1931 and the expenditures increased as compared with 1930, the 1931 receipts were nearly 5 millions 1 ess than in 1926 and the expenditures about 3 millions less. Teachers' salries in 1931 showed an increase of about $230,000 over 1930. Both years the total salaries were in excess of 15 millions. The annual report of the state superintendent of schools shows the total enrollment in Nebraska schools to be 420,000. Rural schools have 171,000 students while city schools have 248,000. Starting the first of the year, 25 railroads will accept less than carload lots of livestock up to 500 miles. The charges will be more than full carload rates but less than the rate which has been in effect. Although business did not reach the dollar volume of last year, the actual tonnage of Christmas goods showed an increase in more than half of the cases where surveys were made. The 813 inmates of the state penitentiary received 3500 Christmas parcels. A large Christmas tree was arranged in the new chapel for the men while the sixteen women inmates had a tree in their own quarters. 150 chickens were dressed for the holiday meal and headed the menu. Prisoners presented a minstrel show Christmas night to a crowd of 1300. Out of 353 cases tried in federal courts in Nebraska during 1931, 258 convictions were obtained. The cost of the actins was $182,000. Of nearly $30,000 assessed in fines and judgments only $11,000 has been collected. Nine banks have been reop ned during recent months. They have been restored to solvency by stockholders with the cooperation of depositors. These banks are located at Spencer, Broken Bow, Hildreth, Wallace, Huntley, Roseland, Omaha and two at Edgar. A remittance of $11,000 for state taxes covering tre past five months has been received from Boyd county by State Treosurer Bass. Since that for $163 instead of $210. should not be confused with George Jackson, secretary of the state fair two national conventions as well as


Article from Lincoln Journal Star, April 29, 1932

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Article Text

RECEIVER ASKS OF (Continued From Page for him. The case was submitted the court that form. Friday Luikart filed moasking leave withdraw motion made appeal naming Radke and Barlow Nye, department attorneys, his lawyers. Mr. Radke said some time the judgments would be classified as genclaims, meaning they practically since pay depositors full. Sorensen issue this, close do not stitute either funds full the fund to share Most the agitation fact for the bank Omaha one those entered, and recently started there for positors, of which force appeal from which does, court allows motior


Article from The Harrison Sun, October 6, 1932

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Article Text

H. Luikart, secretary of the state and commerce department, statement this week the purpose which was prove improvement methods of liquidating failed state banks in Omaha was 10.54 and 11.53 cents, respectively, dollar collectthe cost for the bank of maha, which closed its doors about year ago, was of one cent dollar according to LuikLawyers only for quidation proceedings in the more while fees for the American state bank totaled $19,335.