13713. Bank of Waterloo (Waterloo, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 26, 1931
Location
Waterloo, Nebraska (41.287, -96.286)

Metadata

Model
gpt-5-mini
Short Digest
ce020940

Response Measures

None

Description

Articles state the bank was defunct and in receivership (receiver R. O. Brownell) and that the liquidation was complete by 1932. No run is mentioned; the bank was closed and liquidated under a receiver (government action).

Events (3)
1. March 26, 1931 Receivership
Newspaper Excerpt
An order empowering R. O. Brownell, receiver for the Bank of Waterloo... was issued in district court here Wednesday . . . the defunct bank which have been applied on,event_type:receivership (trimmed) did not appear in original text but confirms receiver appointment; see note above.
Source
newspapers
2. March 26, 1931 Suspension
Cause
Government Action
Cause Details
Bank was in receivership and effectively defunct; court empowered the receiver to collect funds to cover deficits, indicating suspension/closure by regulatory/court action.
Newspaper Excerpt
An order empowering R. O. Brownell, receiver for the Bank of Waterloo, to proceed with collection of double liability funds from stockholders to make up deficit of 30 was issued in district court here Wednesday.
Source
newspapers
3. January 16, 1932 Receivership
Newspaper Excerpt
Brownell was discharged receiver of the Citizens State bank Ralston, American State bank Omaha, Bank of Waterloo and Bennington State bank by District Judge Charles Foster, orders signed Saturday. These bank-liquidations are complete.
Source
newspapers

Newspaper Articles (2)
1. March 26, 1931 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, March 26, 1931

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Article Text

FAILED BANK RECEIVER HAS POWER TO COLLECT OMAHA. (/P). An order empowering R. O. Brownell, receiver for the Bank of Waterloo, to proceed with collection of double liability funds from stockholders to make up deficit of 30 was issued in district court here Wednesday. Money realized thus far from assets of the defunct bank which have been applied on

2. January 16, 1932 The Omaha Evening Bee-News Omaha, NE
Article from The Omaha Evening Bee-News, January 16, 1932

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Article Text

BROWNELL DISCHARGED AS BANK RECEIVER Brownell was discharged receiver of the Citizens State bank Ralston, American State bank Omaha, Bank of Waterloo and Bennington State bank by District Judge Charles Foster, orders signed Saturday. These bank- liquidations are complete.