Article Text
BANK RECEIVER DEAD NORFOLK, Neb., Sept. Fred Burchmore, federal bank died here yesterday for the Norfolk National Bank and for the First National banks Tilden, Harting ton and Crofton, Neb.
13671. First National Bank (Tilden, NE)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 9217
- Charter Number
- 9217
- Start Date
- November 1, 1931*
- Location
- Tilden, Nebraska (42.047, -97.834)
Metadata
- Model
- gpt-5-mini
- Short Digest
ca06059c
Response Measures
None
Receivership Details
- Depositor recovery rate
- 68.2%
- Date receivership started
- 1931-11-17
- Date receivership terminated
- 1937-04-28
- Share of assets assessed as good
- 33.1%
- Share of assets assessed as doubtful
- 34.2%
- Share of assets assessed as worthless
- 32.7%
Description
The First National Bank of Tilden is repeatedly referred to as being under a U.S. government receiver (appointed Nov. 1931), and later receivers and dividend payments are discussed through 1934. There is no article describing a depositor run; the bank was in receivership and closed. OCR errors in articles corrected (e.g., Frank/Frank B. Burchmore).
Events (7)
1.
August 7, 1908
Chartered
- Source
- historical_nic
2.
November 1, 1931*
Receivership
- Newspaper Excerpt
- Previous to his appointment as receiver in November, 1931, he engaged in the real estate and insurance business in Omaha. Mr. Burchmore was receiver for the First National bank of Tilden ...
- Source
- newspapers
3.
November 17, 1931
Receivership
- Source
- historical_nic
4.
September 5, 1932
Other
- Newspaper Excerpt
- B. 59, federal bank receiver, died here yesterday. He receiver for the Norfolk National bank and the First National banks Tilden, Hartington Crofton, Neb.
- Source
- newspapers
5.
September 8, 1932
Other
- Newspaper Excerpt
- Harald Nomland, new receiver the Norfolk National bank, arrived here late Wednesday and assumed new duties Thursday morning. Mr. Nomland succeeds the Frank Burchmore ... He will receiver for the First National bank of Tilden...
- Source
- newspapers
6.
August 1, 1933*
Receivership
- Newspaper Excerpt
- Forrest Lear ... has been named receiver for the Norfolk National bank, also First National bank of Tilden ... succeeding Harold Nomland.
- Source
- newspapers
7.
September 20, 1934
Other
- Newspaper Excerpt
- An 11 percent dividend ... has been authorized for the closed First National bank Tilden, and will be paid later, announced by Mr. Wehr.
- Source
- newspapers
Newspaper Articles (10)
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Article Text
Nebraska News Notes. Nebraska City, Neb., Sept. Violet Turnbaugh, 15, was near here yesterday afternoon when she stepped into deep hole the Missouri river. The girl had been wading with number compan Boats of Nebraska City Outboard Motor association races aided in searching for the body. Norfolk, Neb., Sept. B. 59, federal bank receiver, died here yesterday. He receiver for the Norfolk National bank and the First National banks Tilden, Hartington Crofton, Neb. Grand Island, Sept. Viola Knop, ended her life yesterday She believed dispondent over health. Kennard, Neb., Sept. body Harry Japp, was found hanging from here Saturday ternoon. The youth had been missing from his home since Thursday was believed to have ended his life while over inability find steady employment. Dalton, Neb., Sept. 5.-State and county officials are seeking identity of safe cracksmen blew open the post office safe here and made off in cash and equal sum stamps pool hall and blacksmith also were entered, presumably by the same marauders.
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Article Text
BANK RECEIVER DIES Omaha, Sept. 5. Funeral services will be held here tomorrow for Frank B. Burchmore, 59, former Omaha insurance man and federal bank receiver, who died Saturday night at his home in Norfolk. Burchmore had resided in Norfolk more than year as receiver for the Norfolk National bank, and the First National banks of Tilden, Hartington and Crofton. is survived by his widow, one daughter, six sisters and a brother. The body will be cremated after services at the Masonic temple in charge of Right Angle lodge No. 303, A. F. and A. M., and Arthur Jones, Christian Science reader. An ad in the Telegraph reaches those in North Platte trade territory that are able to buy.
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Article Text
Fred Burchmore Dies Norfolk, Neb., Sept. B. Burchmore, 59, federal bank receiver, died here yesterday. He was receiver for the Norfolk National bank and for the First National banks Tilden, Hartington and Crofton, Neb.
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Article Text
FRANK BURCHMORE TAKEN SUDDENLY AT NORFOLK HOME Frank B. Burchmore, 59, former Omahan and federal bank receiver, died suddenly Saturday night at Norfolk, Nebr., his home for the past year. At time of his death. Mr. Burchmore was United States government bank receiver for the Norfolk National, and the First National banks at Tilden, Hartington and Crofton, Nebr.
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Article Text
New Receiver for National Harald Nomland, new receiver the Norfolk National bank, arrived here late Wednesday and assumed new duties Thursday morning. Mr. Nomland succeeds the Frank Burchmore, who died suddenly short time ago, He will receiver for the First National bank of Tilden, the First National Crofton and the First National Hartington. experienced bank receivcoming here from Kearney where held that position for the City National bank. Prior to his service there Mr. Nomland bank receiver at Stockton and Phillipsburg, Kan. He married and has daughter years old. The family will move here once.
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Article Text
BURCHMORE SUDDENLY AT NORFOLK Frank B. Burchmore, 59, federal bank receiver, died suddenly at the home of his sister, Mrs. Ross Allen, Norfolk Saturday night. He passed away few minutes after talking over the phone with his wife in Omaha. Funeral services were held in OmaTuesday afternoon in charge Right Angle Lodge No. 303, and Arthur Jones, Christian Science reader. Mr. Burchmore was receiver for the First National bank of Tilden, the Norfolk National bank and banks Hartington and Crofton. Previous to his appointment as receiver in November, 1931, he engaged in the real tate and insurance business in Omaha. Mr. Burchmore is by his and one daughter, Mrs. Hardin Sweeney of Omaha.
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TRANSFER BANK RECEIVER KEARNEY. Sept. Nomland, receiver of the City National bank of Kearney, has been transferred to Norfolk, where he will be in charge of the Norfolk National bank and the First National banks at Hartington, Tilden and Crofton. Affairs of the City National are in the final stages of liquidation, and the final dividend, probably 2.8 per cent and amounting to approximately $50,000, probably will be ready in October. With the payment of this final dividend, the creditors will have received trifle 50 per cent of the total approved claims of $1,682,000.
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Article Text
Forrest Lear Is Named National Bank Receiver Forrest Lear of Norfolk, present in bankruptcy for the Norfolk has been named receiver for the Norfolk National bank, also First National bank of Tilden and First tional bank of Crofton, succeeding Harold Nomland, who was appointed receiver following the death of Burchmore. understood that Mr. Lear will continue for the present as referee bankruptcy although he assumed the position receiver at the close of business Wednesday. John Wehr, clerk and field who has been manager, charge of the bank here will tinue his position is announced.
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NORFOLK NATIONAL BANK PATRONS SLOW IN CLAIMING DIVIDEND The people of Norfolk and vicinity have $50,000 coming to them, but they won't come and get This amount is waiting for positors of the closed Norfolk National bank which this week started paying 11 percent dividend amounting to around $71,000. The checks are at the last window the Security State bank, and Receiver Forrest Lear of the Norfolk National bank anxious that all those money due them call for their checks as quick ly as possible. Receiver Lear and others connected with the distribution of the dividend surprised that only about has been claimed far. For about four hours Monday, when the distribution started, the lobby of the bank was crowded, but since then only few have called for their money. John Wehr of the receiver's of fice said he had helped pay out eleven dividends of closed banks, but this was the first in which people seemingly are not interestenough to call for their money. percent dividend, about 000, has been authorized for the closed First National bank Tilden, and will be paid later, announced by Mr. Wehr.