13673. State Bank (Touhy, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 15, 1930
Location
Touhy, Nebraska (41.133, -96.823)

Metadata

Model
gpt-5-mini
Short Digest
a27875f2

Response Measures

None

Description

State Banking Department closed multiple Saunders County banks; State Bank (Touhy) listed among those closed. Subsequent article refers to the bank as 'failed' and criminal charges against officers/cashiers, supporting permanent closure. Date of closure inferred from 'last Tuesday' in April 1930 paper (Apr 15, 1930).

Events (1)

1. April 15, 1930 Suspension
Cause
Government Action
Cause Details
Closed by the Nebraska State Banking Department as part of county bank closures; cited slow collections and state examinations leading to closure.
Newspaper Excerpt
the State Bank Touhy, officers Petermichel, president; Kirchman, president; Kirchman, president, and and bank, Weston, whose officers Kirchman, president, Petermichel, president, Ferdinand Pacal, cashier, James Pavlik, assistant cashier, deposits $168,State bank, of Colon, whose officers are president; ...
Source
newspapers

Newspaper Articles (2)

Article from Wahoo Newspapers, April 17, 1930

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Article Text

WILLS AND ESTATES EVA KNOBE The Eva Knobe of died Lincoln, March has been filed for probate. Personal property estimated Edwin Knobe, husband, Ashland; Gordie Knobe, Marcus Knobe, Ashland; Williams, Greenwood; Grace Sutton, daughter, Waverly. ANNA FRANSON The died March, 27, The estate consists of estate and personal property hairs Victor Franson, son, Colon; Elmer Franson, Colon; Anderson, Colon, daughter. The latter petitioner and the petition that Victor Franson quests Elmer Franson execute the Galloway the attorney. JOSEPH CIZEK The Joseph Cizek, Prague, March 29, The are: Thomas, Joseph and James Cizek, sons; Marie Agnes Cizek, daughfiled by Marie Cizek, asks that Catherine Cizek administratrix. Slama and Donato are attorneys. JIRI BARTEK for of petition has filed in the Heirship Jiri Bartek, who died estate Aug. 1913. The petition alleges that than years have elapsand has been appointed. The living Joseph, John, George, Andrew, and Julius the and Kamilla Kash Veronika Zetochka, Bartek, daughters. Joe F. Berggren the attorney. CHARGED WITH FORGERY Rudolph Kracman, arrested Malmo Sheriff Mengel, before Justice Lehr arraigned of forging check for charge dollars Osten, farmer. Kracman pled guilty bound District Court. being county jail pending sentence. ELECTRICAL WIRING Electrical wiring and repairing all kinds certified electricians. Anderson Webster Electrical Phone 171, Wahoo. The state Banking Department closed the Nebraska Savings Bank here last Tuesday The Saunders County National Bank, operated same building the same officers, was closed the same time by order the Board Directors. Slow collections caused the banks to close doors. the depositors either penny, declared presithe two institutions. "There are adequate assets to take under the Bank After Banking the Sav ings Bank, the Board of Directors voted to close the National Organized in 1882. The bank organized by George Dorsey of mont 1882, Saunders County National came into existence two years later. banks have steadily, and were among the first small town banks state have million dollars deposits. Kirchman, president of the institutions, connected these banks continuously for almost half century. He came Wahoo, December 1884, and accepted unimportant post the bank. 1893 he pointed assistant cashier, and rise rapid thereafter. promoted vice president 1900 president 1923. Other officers the Kirchman, cashier: Malcolm cashCharles ant the Podhaisky, Teller; Max clerk; Arnold Kirchman, clerk; Roy The last statement the $273,646.32 creditthe Nebraska State Savings Bank and the Saunders County National. Total Examiner Larson charge the Savings Bank Examiner charge of the National Bank. today, State Bank George Woods declared the failure of Wahoo banks precipitated the closing of the following affiliated banks Saunders county: State Bank Touhy, ficers Petermichel, president; Kirchman, president; Kirchman, president, and and bank, Weston, whose officers Kirchman, president, Petermichel, president, Ferdinand Pacal, cashier, James Pavlik, sistant cashier, deposits $168,State bank, of Colon, whose officers are president; Bastar, Sams, vice Henderson, cashier, deposits, Oak Creek Valley bank, araiso, whose officers Kirchman, president; Jul Petermichel, Moscashier; Roh, assistgrove, cashier, deposits Examiner Nelson the Nationbanking system charge Saunders County bank, while the state charge the state Larson, State SavBank Farmers and Merchants Sorensen, State Bank, Virgil Oak Creek Valley Bank Valparaiso. While the other banks the First and Citizens State Banks fortified with large sums cash to meet demand that might made. One the heaviest creditors Saunders County National Bank Saunders County which $25,000 These funds protected by surety bonds, the responsibility the bank. SILENCE IS GOLDEN The local financial situation for exercise more ordinary patience and forbearance the banks have opportunity re-organize their shat tered fortunes. going profit reviling and charging officials with adding the already existing. enough hurtful comment for the time being, least. There for radical thought action. that Saunders one of the richin Nebraska, cannot above the financial flurry emerge and safer than should take council with other and refrain from doing that might further injure the the county. This one the life when silence golden.


Article from Wahoo Newspapers, June 5, 1930

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Article Text

Hearing Before Judge Here June 5 Judge Overrules Demurrers Filed On His Behalf By H. Bryant. Kirchman Demurrer Bryant In Lincoln Kirchman Case Set For Trial. Carek, former cashier of failed State Bank Touhy district court Thursday plead guilty guilty charges application funds brought against by State Nebraska Max Kirchman, cashier the same bank more cently, jail here faced similar charges, but date pleading been set, Judge Hastings Tuesday morning demurrers the cases filed against Carek, pleading The alleged that against Carek susaction. have been cases Kirchbut Bryant filed all the has court Lincoln, and unappear both men plead not guilty will the judge call special jury, unless change venue granted.