German Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 1, 1903
Location: Omaha, Nebraska (41.259, -95.938)

Metadata

Model: gpt-5-mini
Short Digest: a36d5925

Response Measures

None

Description

Article discusses the German Savings Bank being in receivership and distribution to creditors. No mention of any depositor run; bank is closed and in receivership, indicating a suspension followed by closure.

Events (1)

1. March 1, 1903 Receivership

Newspaper Excerpt: Judge Day has issued an order in the German Savings bank receivership instructing the receiver, Thomas H. McCague, to pay all creditors ... 50 per cent of the amount due them ... surrender their receiver certificates and release the bank from further liability.
Source: newspapers

Newspaper Articles (1)

1. March 1, 1903 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, March 1, 1903

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Article Text

# FIFTY CENTS ON THE DOLLAR District Court Makes Another Order for Settlement of German Bank Claims. Judge Day has issued an order in the Ger- man Savings bank receivership instructing the receiver, Thomas H. McCague, to pay all creditors whose claims were adjudicated in the court order of May 6, 1901, and who have not received the amount available for distribution to them as dividends upon their claims by the order of September 27, 1901, 50 per cent of the amount due them on con- dition that the creditors surrender their re- ceiver certificates and release the bank from further liability. In connection with the same case the court ordered that Ralph W. Breckenridge be given $1,500 for profes-