13370. Citizens Bank (Omaha, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 11, 1895
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
c998cebe

Response Measures

None

Description

Multiple contemporary dispatches (Oct 11–13, 1895) report the Citizens' Bank (Omaha) passed into the hands of the State Banking Board because of bad loans and was expected to go into receivership. No articles describe a depositor run; the state board's takeover and anticipated receivership indicate a suspension followed by closure/receivership.

Events (2)
1. October 11, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bad loans (borrowers repeatedly renewing paper) left the bank unable to carry the indebtedness; officers requested the state board to take possession.
Newspaper Excerpt
The Citizens' bank, a suburban institution, passed into the hands of the state banking board today.
Source
newspapers
2. October 13, 1895 Receivership
Newspaper Excerpt
It is expected that the bank will pass into a receiver's hands in a few days. The state board says that every dollar of liabilities will be paid in full.
Source
newspapers

Newspaper Articles (13)
1. October 12, 1895 The Seattle Post-Intelligencer Seattle, WA
Article from The Seattle Post-Intelligencer, October 12, 1895

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Article Text

Omaha, Oct. 11. -The Citizens' bank, a suburban Institution, with capital of $50.000, passed into the hands of the state banking board today. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will go into a receiver's hands in a few days. The state board says that every dollar of the liabilities will be paid in full. Chicago, Oct. 11.-The Roper & Baxter Cigar Company failed today. T. J. Touse is assignee. The liabilities are estimated at $100,000. The assets exceed that amount about $25,000. The largest creditor is Seldenberg & Co., of New York.

2. October 12, 1895 The Herald Los Angeles, CA
Article from The Herald, October 12, 1895

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Article Text

A BROKEN BANK Failure Results From Bad Loans-Depositors Will Be Paid OMAHA, Neb., Oct. 11.-The Citizens' bank, a suburban institution, passed into the hands of the state banking board today. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It IS said that the bank will go into a receivers' hands in a few days. The state board says that every dollar of liability will be paid in full. There is sufficient cash on band to satisfy 50 per cent of the depositors claims. The officers of the bank have been trying for the last six months to liquidate and wind up its affairs, but finding they could not make collections as rapidly as they expected, finally requested the state banking board to take possession.

3. October 12, 1895 The Morning News Savannah, GA
Article from The Morning News, October 12, 1895

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Article Text

A BANK IN TROUBLE. Bad Loans Necessitate a Receivership for an Omaha Concern, Omaha, Neb., Oct. 11. -The - Citizens Bank, a small concern, with $50,000 capital, passed into the hands of the state banking board) The trouble arose though bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in three or four days. The state board says all the liabilities will be paid in full.

4. October 12, 1895 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, October 12, 1895

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Article Text

Bank Failure at Omaha. OMAHA, Oct. 12.-The Citizens' bank, a suburban institution, has passed into the hands of the state bank board. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in a few days. Thestate board says every dollar of liabilities will be paid in full.

5. October 12, 1895 The San Francisco Call San Francisco, CA
Article from The San Francisco Call, October 12, 1895

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Article Text

COLLAPSE OF A BANK. All the Trouble Caused by a Renewal of Bad Loans. OMAHA, NEBR., Oct. 11.-The Citizens' Bank, a small concern with $50,000 capital, passed into the hands of the State Banking Board to-day. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in three or four days. The State board says that every dollar of liability will be paid in full. There is sufficient cash on hand to satisfy 50 per cent of the depositors' claims. The officers of the bank have been trying for the last six months to liquidate and wind up its affairs, but finding they could not make collections as rapidly as they expected. finally requested the State Banking Board to take possession.

6. October 12, 1895 Birmingham State Herald Birmingham, AL
Article from Birmingham State Herald, October 12, 1895

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Article Text

A Bank in Trouble. Omaha, Neb., Oct. 11.-The Citizens' bank, a small concern, with $50,000 capital, has passed into the hands of the state banking board. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass Into a receiver's hands in three or four days. The state board says that every dollar of liability will be paid in full.

7. October 12, 1895 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, October 12, 1895

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Article Text

OMAHA BANK BREAKS. OMAHA, Oct. 11.-The Citizen's bank, a suburban institution, passed into the hands of the state banking board today. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in three or four days. The state board says that every dollar of liability will be paid in full. There is sufficient cash on hand to satisfy fifty per cent of the depositors' claims. The officers of the bank have been trying for the last six months to liquidate and wind up its affairs, but finding they could not make collections as rapidly as they expected, finally requested the state banking board to take possession. The share holders may decide to give bonds to cover the payment of all deposits and wind up the affairs of the bank themselves rather than have or a receiver appointed.

8. October 14, 1895 Daily Kennebec Journal Augusta, ME
Article from Daily Kennebec Journal, October 14, 1895

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Article Text

Will Go to a Receiver. OMAHA, Oct. 13.-The Citizens bank, a suburban institution, has passed into the hands of the state banking board. The trouble arose through bad loans which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in a few days. The state board says that every dollar of liabilities will be paid in full. There is sufficient cash on hand to satisfy 50 per cent of the depositors' claims.

9. October 17, 1895 The Globe-Republican Dodge City, KS
Article from The Globe-Republican, October 17, 1895

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a negro, was killed by the explosion of a cannon. La Paz, the capital of Lower California, was struck by a hurricane. Nearly 200 houses were destroyed, nineteen vessels beached. four lives lost and many people injured. Considerable damage was done at other places by the fury of the hurricane. / A large crowd gathered at St. Joseph's Catholic church, Peoria, IIL, to witness the marriage of Anton J. Thiers and Miss Anna J. Bartlett, but the groom did not show up. A wedding breakfast for 200 persons was spread at the home of the bride's parents. Mosher & McDonald. one of the largest logging firms in the state of Washington, whose property is worth $500,000, have gone into the hands of a receiver. The Citizens' bank of Omaha has closed its doors. The French have conquered Madagascar and established a rigid protectorate. Judge Bradley discharged Captain Arms and severely rebuked General Schofield for causing his arrest. By an explosion of'gas on the stage of the Corsicana, Texas, opera house, two lives were lost and a number of persons injured. United States Minister to Austria Tripp had an audience with the The pope expressed a President Cleveland.

10. October 17, 1895 Hutchinson Gazette Hutchinson, KS
Article from Hutchinson Gazette, October 17, 1895

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CONDENSED DISPATCHES. Lutherans spent $37,833.40 on foreign missions the past year. Ohio's wheat crop will be 14,000,000 bushels short of an average. Governor Altgeld of Illinois says he is not a candidate for re-election. Williamsville Coal company miners at Springfield, III., have resumed work at a raise of 5 cents, from 35 to 40 cents. A storage resorvoir containing 2,500,000 gallons of water, in the heart of Scranton. Fa., burst, doing much damage. Seven students of the Missouri University have been censured by the president for hazing. J. F. M. Counce was indicted for arson, charged with burning the Cottage hotel at Sedalia, Mo. The Congregational home missionary society is in financial straits. Dr. Parkhurst is disappointe over some of the anti-Tammany fusion nominees in New York, but will fight for the ticket. It is stated on the best of authority that the government of the United States has notified the Spanish minister at W shington, Senor Depuy De Lome that there is a necessity that Spain should act promptly in her efforts to crush the insurrection in Cuba. The news has created quite a sensation in Madrid. Pat Crow, the train robber, and Tom Punshon, the murderer, got into a fight in the St. Joe jail and the other sixty prisoners took a hand, and a riot followed. One prisoner was shot but not fatally wounded. and Pat Crowe had his skull fractured. Cyrus L. Cook, Republican nominee in the Eighteenth Illinois congressional district, dropped dead in a Chicago hotel. The lower court was reversed in its decision in the $150,000 damage suit of John M. Glover against a New York security company. It is now believed that the queen of Corea was killed by the armed force that entered the palace. A woman of Catania, Sicily, has caused the death of twehty-three children by poisoning. In St. Joseph, Mo., delegates from the normal schools of Missouri, Iowa, Kansas and Illinois, met and organized the Inter-State Normal Oratorical association. Other states are expected to join the association. The Floyd brothers sentenced to the Minnesota state prison from Minneapolis as accompliees of Philip Scheig in embezzlement from the bank of Minneapolis, have been pardomed by Governor Clough. In Pittsburg, Pa., Caroline Anna Gaffron has been arrested at the home of her father, William Kennedy, near Butler, on a telegram from the ehief of police of Denver, charging her with the murder of her husband last spring. Key West, Fla., celebrated the anniversary of the hanging of seven students at Havana with speeches and fireworks. The Cuban flag was raised on the city hall. John Buel Fraz er, a negro, was killed by the explosion of a cannon. La Paz, the capital of Lower California, was struck by a hurricane. Nearly 200 houses were destroyed, nineteen vessels beached, four lives lost and many people injured. Considerable damage was done at other places by the fury of the hurricane. A large crowd gathered at St. Joseph's Catholic church. Peoria, Ill., to witness the marriage of Anton J. Thiers and Miss Anna J. Bartlett, but the groom did not show up. A wedding breakfast for 200 persons was spread at the home of the bride's parents. Mosher & McDonald, one of the largest logging firms in the state of Washington, whose property is worth $500,000, have gone into the hands of a receiver. The Citizens' bank of Omaha has closed its doors. Judge Bradley discharged Cap tain Arms and severely rebuked General Schofield for causing his arrest. United States Minister to Austria Tripp had an audience with the pope The pope expressed a warm regard for President Cleveland. French troops have captured the Hovas capital. Durrant was greatly: mixed up On his cross-examination and weakened his defense. Eva Duncan married John Mills at Springfield, Mo., and the next day eloped with John Angel of Aurora to the Pacifie coast. T. F. Harpster's private bank at Severance. Kan., has failed with $12,778 liabilities and almost no assets. E W. Clark of Vernon county, Ma, has sued Mrs. Caroline Simons, formerly the Widow Harrison, for $5,000 for breach of promise of marriage. The American Humane society has decided to withdraw from its minutes the attack made at the Minneapolis meeting on Governor MeIntyre of Colorado for his course in regard to the recent bull fighting. Mrs. May Graham of Manhattan has been elected president, Mrs. Helen E. Moses of North Topeka cretary and Mrs. Clara Walsh of North Topeka treasurer of the Kansas Christian church board of missions. Spain will soon surround Cuba with double line of gunboats to stop filia

11. October 18, 1895 The True Northerner Paw Paw, MI
Article from The True Northerner, October 18, 1895

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Bank Failure at Omaha. OMAHA, Oct. 12.-The Citizens' bank, a suburban institution, has passed into the hands of the state bank board. The trouble arose through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in a few days. The state board says every dollar of liabilities will be paid in full.

12. October 18, 1895 The Times Owosso, MI
Article from The Times, October 18, 1895

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Article Text

Bank Failure at Omaha. OMAHA, Oct. 12.-The Citizens' bank, a suburban institution, has passed into the hands of the state bank board. The trouble arose- through bad loans, which the borrowers have been renewing until the bank could not carry them any longer. It is expected that the bank will pass into a receiver's hands in a few days. Thestate board says every dollar of liabilities will be paid in full.

13. October 19, 1895 The Cape Girardeau Democrat Cape Girardeau, MO
Article from The Cape Girardeau Democrat, October 19, 1895

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he head of the "transfer gang ves, H. C. Litchfield, manager of ilroad Transfer company at : City, Mo., committed suicide. vas feared that the steamer with her crew of ten men, had 1ake uo 75 TER WEST, a farmer of Vin: Ind., was unloading lime. when dent his eyes became filled with be dust. which completely de1 his eyesight. ARMES (retired), who was arrecently for using insulting ge to Gen. Schofield, and con1 the barracks at Washington, scharged by Judge Bradley, of trict supreme court. who chared the arrest as unlawful, tyal and capricious. Green county bank of Spring10., was ordered closed by the xaminer and placed in the hands ceiver. anniversary of the execution of en students and the beginning first insurrection was celebrated ans at New York, Tampa. Key nd other places. Missouri state grange, in session rentown, passed resolutions deag an export duty on agriculroducts. Y of proceedings was granted case of Father Flaherty, under e at Geneseo, N. Y., for asaultoung girl. and the prisoner was Line 000'01$ Jepun pa ORAGE reservoir at Scranton, ntaining 2,500,000 gallons of warst and did great damage to adproperty. ARD EVANS met his wife, who st secured a divorce from him, street at Alexandria, Minn., ot ber dead, and then sent a bulheart UMO his q.8n executive committee of the Na. Library association decided to e next convention at Cleveland, 9681 'I be NNATI'S board of trade will send eting committee to Mexico to di state health authorities of Kenwere alarmed over the prevaf diphtheria and typhoid fever state. Many deaths were reE BRYANT. aged 14, died at Sa1., being the fifth victim of the ng at the Taplin-Gage wedding place. ER & McDoNALD, one of the logging firms in Washington, property is worth $500,000, was in the hands of a receiver. Y LYONS was hanged in Chir the murder of Albert Mason ruary 9 last. men were killed and seven fatally injured as the result of apse of the casting house of the nd valley mills at Cleveland, O. ( ATHERINE HARK, aged 64 years, rdered at Dayton, O., and her er, with whom she quarreled the day,was held for the crime. NG vessels and revenue cutters Behring sea report a great of seals this season and aver five years the seals would be exterminated. JOSEPH BURNS died at Duluth, from blood poisoning. While for her young son, who was ill phtheria, the child in its agony mother and death was the renamed Toomey died at PittsPa., from excessive cigarette g. He had smoked several aily for years. Y CADY and Florence English, amour, were sentenced to be at Washington, Ga., for the of the woman's husband. Ditizens' bank of Omaha, Neb., sed by order of the state board iners. Inability to realize on ding paper caused the failure.