13495. Platte County Bank (Platte Center, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1933*
Location
Platte Center, Nebraska (41.538, -97.488)

Metadata

Model
gpt-5-mini
Short Digest
0d8d92ce

Response Measures

None

Description

Contemporary articles state Platte County Bank suspended business on the day of January, 1933 and thereafter was in charge the Department of Trade and Commerce (state regulator). Later 1934 articles list the bank as a receiver and RFC loans authorized to the receiver. No explicit run is described in the provided texts. OCR errors corrected for dates/phrasing when quoted.

Events (2)
1. January 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank suspended and was placed in charge of the Nebraska Department of Trade and Commerce (regulatory takeover/administrative action).
Newspaper Excerpt
Platte County Bank suspended business on the day of January, 1933, ... and still in charge the Department of Trade and Commerce of the State of Nebraska
Source
newspapers
2. May 4, 1934 Receivership
Newspaper Excerpt
Platte County bank of Platte Center (receiver) $36,900; ... Platte County Bank of Platte Center (receiver) $36,900, and Rockville State bank (receiver) $25,800. (RFC loan authorizations reported May 4, 1934).
Source
newspapers

Newspaper Articles (6)
1. March 9, 1933 The Humphrey Democrat Humphrey, NE
Article from The Humphrey Democrat, March 9, 1933

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Article Text

Robbers Work As City Cuts to Save Lights BELOIT, Beloit officials decided today, definite relation between electric lights and crime waves. As an economy move, the counordered street lights turned off in outlying residential districts. Dousing the light was expected to save $3,200 annually. The first night burglars broke into 20 homes and garages. The residents complained so much that the council ordered the lights turned back Bank of Platte Center has been the duly authorized depository for the funds of the Village of Platte and Whereas, said Platte County Bank suspended business on the day of January, 1933, having deposit therein for safe keeping the sum $1,352.54 of funds to the credit of said Village, which deposit was secured by pledge of Liberty Bonds of the par value of $2,000.00 held by the First National Bank of Omaha, Nebraska Trustee, to-wit: $2,000.00 Fourth Liberty Loan Bonds, 1933-38, Nos October 15, 1931 and subsequent coupons attached. shown by receipt Number AA71; and said Platte County Bank has been since said 26th day of and still in charge the Department of Trade and Commerce of the State of Nebrasand Whereas, E. H. Secretary of the Department of Trade and Commerce refuses to authorize the payment of said sum of or authorize said Trustee to deliver said Liberty Bonds to the Village Now Therefore, It Resolved That by reason of default in the payment of the sum of $1,352.54 due the Village of Platte by the Platte County Bank of Platte Center, Nebraska demand shall be made upon the Secretary of the Department Trade and Commerce for certificate authorizing said First National Bank of Omaha to surrender said bonds to the Village of Platte Center: and Be Further Resolved. that demand be made upon the First National Bank of Omaha for possession of said bonds; and Be It Further that our attorneys, Reeder Reeder, authorized to take such action may be necessary in court or othto obtain the payment of the money due to the Village foreclose upon the the and Be It Further that the village clerk forward certified copy of this resolution to Luikart, Secretary of the Department of Trade and Commerce and also to the First National Bank, of Omaha, Nebraska. Introduced by Geo. Scheidel. Motion by Gleason, seconded by Frank Schuldt that the Resolution be adopted as On roll call the vote was as follows: Gleason Geo. Scheidel, yes; Frank Schuldt, yes; Arno yes There being no further business upon motion by Gleason, onded by Frank Schuldt to adjourn Carried. Village Clerk The members of the Cotton Stocking club were entertained at the Schuldt home Friday night Ruth Schuldt and Dorothy Crumley were hostesses. The evening passed by playing comical games and working comical jig. puzzles. At the close of the evening delicious plate lunch was served. Gertrude Schuldt was an honor Mrs. C. Hittner and son, Dale left for their home in Battle Creek Sunday after week's visit here with parents, Mr. and Mrs. Lusienski and family Mr. Hittner and son, Donald, tored here Saturday evening to company them home. Mr. and Mrs. R. M. McGuane received word that the stork had called at the home of their son and Dr. and Mrs. Frank of Omaha, and them baby son on Saturday February 25th. Mr. and Mrs. Anton Glodowski had their guests Sunday their Bernard Glodowski, their son-in-law and daughter, Mr. and Mrs. Ronald Stewart and little son all Amerson. Mr. and Mrs. John were Sunday dinner guests in Columbus the home and daughter, Mr. and Mrs. Weber.

2. May 4, 1934 The Lincoln Star Lincoln, NE
Article from The Lincoln Star, May 4, 1934

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Article Text

ceiver) $15,000; Platte County bank of Platte Center (receiver) $36,900; and Rockville State bank (receiver) $25,800. GOOD ROADS MEET. (Special to The Star) CRETE. Neb., May good roads meeting, sponsored by the Crete commercial club, was held Thursday noon at the Hotel Cosmopolitan, with A. Bowring as speaker. Representatives were present from the various towns in the county, to organize Saline county good roads committee and to submit road plans to the state highway department

3. May 4, 1934 The Omaha Evening Bee-News Omaha, NE
Article from The Omaha Evening Bee-News, May 4, 1934

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Article Text

REVEAL LOANS TO EIGHT BANKS May H. Jones, chairman of the n Corp., said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling The Omaha Federal Land bank was authorized to borrow million dollars during the month, and loans to the Regional Agricultural Credit Corp at Sioux City totaled Nebraska bank loans authorized were: Clatonia State bank ceiver) $15,400; Creighton Na. tional bank (receiver) $10,000; Duncan State bank (receiver) $53,250: State Bank of Elkhorn (receiver) $25,800; Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36. 900, and Rockville State bank (receiver)

4. May 4, 1934 The Omaha Morning Bee-News Omaha, NE
Article from The Omaha Morning Bee-News, May 4, 1934

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Article Text

Eight Nebraska WASHINGTON, May Jesse H. Jones, chairman of the Corp., said in his report of RFC operations January that eight Nebraska banks had been authorized loans. The report showed that the corporation authorized loans taling The OmaFederal Land bank authorized borrow million dollars during the month, loans the Regional Agricultural Credit Corp. Sioux City totaled Nebraska bank loans authorized were: Clatonia bank ceiver) $15,400; Creighton tional bank (receiver) Duncan State bank (receiver) $53,250; State Bank Elkhorn (receiver) Wallace tional of Exeter, $60,000; Hazard State bank (receiver) Platte County Bank Platte Center (receiver) 900, and Rockville State bank (receiver) $25,800.

5. May 13, 1934 The West Nebraska Register Grand Island, NE
Article from The West Nebraska Register, May 13, 1934

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Article Text

NEBRASKA DIGEST Allotment Is Exhausted Columbus. Work on federal emergency relief projects in Platte county has been suspended on order of State Emergency Relief Director Randall Biart, who said that that country's allotment was exhausted. Biart has indicated County Director Mrs. E. Q. Johnson that Platte county's allotments hereafter will be eliminated or very drastically reduced, as he believes Platte county's funds are in such shape as to permit the county to meet its relief needs without federal assistance. Members of the county relief committee hold a different view and plans were being made here to send a committee to Lincoln to attempt to secure continuation of federal aid. Scores Violations The Federal Relief committee for Hall county, at is meeting in Grand Island last week, suspended two local grocery stores from the list for period of 30 days, the reason being certain irregularities which have been detected in the handling of orders. All stores handling federal relief orders are warned that no deviation from the printed list of permissible items will be tolerated. Any other violations discovered by the committee will be dealt with severely. Associations Formed Lincoln. Arthur Bowring, Merriman rancher and author of Nebraska's 4-cent gasoline tax, said last week he has organized 20 strong county units of the Nebraska Good Roads association and expects to have 40 organized by the end of this month. Each county, Bowring said, is keeping its own membership fees, planning its own county program and endeavoring to stimulate interest in a good roads program. Check Wheat Contracts Central City.- make final check on wheat contracted to the government on the wheat reduction plan, six men were appointed by the wheat allotment committee. These men will measure the contracted acres and those that are not contracted to see that the farmer has not violated his contract in using the idle land for unsanctioned purposes, that he has reduced at least 15 per cent, and also that he does not have less than 54 per cent less wheat in acres than he had in the average of the last three years. After the selection is made, one of the men will be appointed chief field man and will attend meeting at David City May 10 for all chief checkers. On his return he, with the assistance of R. A. Stewart, agricultural agent, will in turn inform the other five men of their obligations in regard to checking The remaining last payment will be made in a few weeks. Raise Two Million Trout Crawford.-A record hatch of trout has been raised this year at the federal fish hatchery here. Nearly all of the 2,000,000 trout and large number of warm water fish will be used to stock Nebraska streams and lakes. Others will go to nearby lakes. Pheasants Migrate of pheasants have appeared on the highlands between the Elkhorn river and Eagle creek, in northern Holt county, where only a few of the birds existed before. It is lieved that the game birds came from drought-strick areas of South Dakota in search of feed and a new home. Steal Windmill Greeley.-Sheriff Art Weber last week reported the theft of a windmill from the Herman Claybough ranch, ten miles north of Greeley. A block and tackle were used to remove the heavy motor and fan from the tower. Banks Get Loans Washington.- Jesse H. Jones, chairman of the Reconstruction Finance corporation, said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling $95,378,300.06. The Omaha Federal Land bank was authorized to borrow $8,000,000 in the month, and loans to the Regional Agricultural Credit corporation at Sioux City totaled $1,288,908.61. Nebraska bank loans authorized were: Clatonia State bank (receiver), $15,400; Creighton National bank (receiver), $10,000; Duncan State bank (receiver), $53,250; State bank of Elkhorn (receiver), $25,800; Wallace National bank of Exeter, $60,000; Hazard State bank (receiver). $15,000; Platte County bank of Platte Center (receiver), $36,900, and Rockville State bank (receiver), $25,800. Merged Bank Opens Red Cloud. the first time since the national banking holiday Red Cloud had an unrestricted bank. The merger of the People's bank with the Webster County bank has been completed and the consolidated institution opened for business this week. Capital stock is $50,000 and officers are: W. A. Sherwood, president; S. R. Florence, vice president; C. M. Sherwood, cashier; P. S. Sherwood and Miss Retta McDowell, assistant cashiers. Income Tax Increases Omaha.- The number of income tax returns by Nebraskans in 1932 rose 3,001 over the 1931 figure, according to an announcement in Washington. Total returns in 1931 were 24,540. The 1932 total was 27,541. Iowa returns increased from 31,495 to 45,477. South Dakota showed a decrease from 8,163 to 7,200. Drainage Verdict Won Lincoln.- $70,000 judgment obtained by James Mooney and other farmers at the lower end of drainage district one in Richardson county against the district itself was allowed to stand last week by the Nebraska supreme court without further argument. It denied rehearing requested by the district. The action was taken only a few hours before a scheduled compromise meeting at Falls City, which was then called off. The district had volunteered to spend $70,000 on widening and deepening the Nemaha river channel, as the judgment directed, but asked that the farmers waive any further damage claims. Approve Loans Omaha. to co-operatives amounting to $176.550 have been approved by the Omaha Bank for co-operatives, Jerry H. Mason, bank president reports. Mason said commitments have been made on 19 loans and that loans actually paid on May totalled 8 for $62, 100. The Omaha Federal Land bank reported that 2,100 loans were made through the bank and the commissioner's office in April for a total of $6,841,400. Pave Highway 75 Omaha. The unpaved highway between the south end of the Platte river bridge and the end of the paving leading north from Plattsmouth on highway 75 has been re-located and is now being made ready for hard surfacing The new route runs directly southeast from the bridge to connect with the paving. A viaduct, nearly finished, will carry the road over the railroad tracks to the south. The highway is elevated considerably from the surrounding land, to prevent flooding. Paving of the same highway north of Falls City is under way and by the end of the summer there will be a continuous paved highway from Omaha to Kansas, according to state highway department officials.

6. May 25, 1934 Star-Herald Scottsbluff, NE
Article from Star-Herald, May 25, 1934

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FAILED BANKS GET R. F. C. CASH LOAN Washington, May 24. (P)-Receivers of closed Nebraska banks were' authorized to borrow $2,022,653.43 from the Reconstruction Finance corporation between February 2, 1932, and May 18, 1934, Jesse H. Jones, chairman, reported today. The largest individual loan authorized in Nebraska was $175,000 to the Farmers State Bank of Columbus. The Farmers State Bank of Kearney borrowed $141,750. and the Norfolk National bank received $130,000. Besides the loans to closed bank receivers, the RFC also authorized a loan of $50,000 to the Fremont Mortgage company. The table of loans to closed bank receivers includes Auburn. First National Bank of Auburn. $26,000 First National Bank of Auburn. $23,000. Aurora. Fidelity State Bank, $49,675. Columbus, The Commercial National Bank Columbus, $60,000; Farmers State $175,000. Fremont, The Union National Bank of Fremont, $85,000. Holdrege Phelps County Bank, $50,000. Hooper, Hooper State Bank, $40,000. Litchfield, The First National Bank of Madison. The First National Bank of Madison, $83,000. McCook Farmers & Merchants State Bank, $26,000. Norfolk, The Norfolk National Bank, $130,000 Platte Center, Platte County Bank, St. Edward The Smith National Bank of St. Sterling, First State Bank. $31,000. West Point. The Point National Bank, $50,000; West Point National Bank,