First State Bank (Pleasant Dale, NE)

Episode Information

Episode UID
2246038191580
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
224603819 hash
Start Date
August 17, 1931
Location
Pleasant Dale, Nebraska (40.792, -96.932)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7d26074e01a71ba6

Response Measures

None

Description

Closings were voluntary by officers to protect depositors after Omaha suspensions; receivers were later appointed.

Events (2)
1. August 17, 1931 Suspension
Cause
Local Banks
Cause Details
Officers voluntarily closed the bank to protect depositors and to allow equitable sharing of funds after recent suspensions/closures in Omaha and South Omaha.
Newspaper Excerpt
small Nebraska state banks failed to open for business today ... They were the First State bank of Pleasant Dale
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
W. M. Whalen, Lincoln, in charge of First State bank of Pleasant Dale ... assistant receivers named for out-state banks
Source
newspapers

Newspaper Articles (12)
1. August 17, 1931 The Kokomo Tribune Kokomo, IN
Article from The Kokomo Tribune, August 17, 1931

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CLOSINGS CAUSE CONFUSION THAT DISTRICT Toledo, Aug. Toledo with combined sources of more than $100,000,000 failed open for business this morning, while saving sociations ceased payments posits during the present financial situation. In accordance with the request directors the four institutions, the state banking department pared take over their affairs to conserve assets the face of vious steady withdrawals by deposMore than 100 rural bankers Ohio, who met terday with State Charles Saffin, for state partment, had their assurance of cooperation by state authorities meeting local Saturday Late directors nounced closing of the Commerce Trust and Savings Bank, Ohio Savings Bank and Company and Commercial Bank Trust Company the wake these came word from directors fourth institution, the American Bank, state bank, that would be forced close because two the banks pending operations. It indicated conferences ative reorganization may be started within week ten days. Ties Up Large Amount. The action directors ties up period than The SecurTrust company, fifth bank which closed had about $20,000,000 deposits: the Savings Bank Trust company Commercial Savings Bank and company and the Trust and Savbank National bank, the fedo Trust company, the bank and the West usual today. The Morris bank and the Industrial bank, two special plan banks, open. There were no disorders when banks affected by the closings opened here today. There large crowds a: the banks. Twelve Close Akron. Akron, Aug. building and loan associations Akron and Falls today served their depositors with notice suspension withdrawals. companies involved deposits of $26,000,000. Albright. secretary of the largest. said step taken for purpose the no question insolvency and the suspension payments merely temporary." Nebraska Has Flurry. Lincoln, Neh., Aug. small Nebraska state banks failed open for business today. Gov. Charles Bryan and Lulkart, the state trade the were the result recent bank suspensions in Omaha. The six banks had total deposits approximately $1,180,000. They were the First State Bank Pleasant Dale: the Bank Dwight; the Brainard State Bank of Brainard; the Bruno State Bank of Bruno; the County Bank Davis City, and the Leigh State Bank of Leigh.

2. August 17, 1931 Fremont Tribune Fremont, NE
Article from Fremont Tribune, August 17, 1931

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Article Text

SIX BANKS IN STATE CLOSED Voluntary Action to Protect Public LINCOLN, Aug. 17 state deposits estimaggregate volunclosed doors today The according Gov Charles who spoke for the direct result of the closing the Union State bank Omaha.' Closed today were the following state banking First State Pleasant Dale Dwight State bank, Dwight Brainard Brainard. Bruno State bank. Bruno. Butler County bank, David City. Leigh State Leigh. The closures announced today brought total of 10 the number state banks which have closed their doors within many All of the suspensions were said have brought about the failure last Monday the State Omaha, the subseclosing Omaha's other three uptown state banks. Banking officials expressed belief there be little loss in the closures They was pointed out, and an attempt banking officials to protect their depositors. Officers and financial structure the banks closed today were listed the banking department as follows First State bank. Pleasant deposits president; William Dwight State bank. deposits State deposits Sennin, vice president; Proskovec, Bruno bank. deposits, president: vice president; Roh, cashier Butler County State bank. David deposits $180.000; Joseph Shramek, president: Meysenpresident; R. Havelka, cashier Leigh State Nelson,

3. August 17, 1931 Fort Collins Coloradoan Fort Collins, CO
Article from Fort Collins Coloradoan, August 17, 1931

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Six Small Nebraska Banks Fail to Open Lineoln, Nebr. small Nebraska state banks failed to open for business today. Gov. Charles W. Bryan and E. K. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of $1,120,000. They were the First State bank of Pleasant Dale: The Dwight State bank of Dwight, The Brainard State bank of Brainard; The Bruno State bank of Bruno; The Butler County bank of David City, and the Leigh State bank of Leigh.

4. August 17, 1931 The Ogden Standard-Examiner Ogden, UT
Article from The Ogden Standard-Examiner, August 17, 1931

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Six Small Banks In Nebraska Closed LINCOLN, Neb., Aug. small Nebraska state banks failed to for business today. Governor Charles and Luikart, secretary the state of trade said the were the result recent in Omaha. The six banks had total deposits They were the First State bank of Pleasant Dale, Dwight State bank of Dwight, the Brainard State bank Brainard, the Bruno State bank Bruno, bank of David and the Leigh State bank of Leigh.

5. August 17, 1931 The Grand Island Independent Grand Island, NE
Article from The Grand Island Independent, August 17, 1931

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SIX SMALL BANKS Lincoln, Neb., Aug. braska state banks today failed open their doors for business and both Governor Charles and Luikart, secretary of the state department of trade and commerce, the closings were the result recent bank suspensions in Omaha six banks had total deposits of approximately $1,120,000. The banks are the First State Bank Pleasant Dale; the Dwight State Bank of Dwight; the Brainard State Bank Brainard: the Bruno State Bank Bruno; the Butler County Bank David City, and the Leigh Bank Leigh. Bryan and Luikart said officials the banks decided to close them that the would have greater chance of sharing equally the banks' funds. They said the Leigh State bank had its reserve funds deposited the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State Bank of Omaha which closed last week. Officers and of the suspended banks by the First State of Pleasant Dale, posits about $140,000; Horacek, cashier. Dwight State bank, deposits about $180,000; Novak, president; Tomes, cashier. Brainard State bank, deposits about $280,000; Davis, president; Fred Sennin, vice president; Proskovec, cashier. Bruno State bank, deposits about Rohn, Tomek, president; Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, Leigh State bank, deposits about with balance. Vlach, Lee Vlach, acting sioner, said that to up the Nelson, cashier. claims

6. August 17, 1931 The Fresno Bee Fresno, CA
Article from The Fresno Bee, August 17, 1931

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Oranges Higher In Spots While Lemons Are Easier LOS ANGELES. Aug. 17.-(P)-California oranges were higher in spots and lemons were easier to lower on eastern and middlewestern fruit auction centers to-day, early reports indicated Carlot of citrus fruits for the United States by the govreports from Financial Notes 15th: Southern SAN FRANCISCO, Aug. 17.-(P) California crude oil production was estimated by the California Oil World to-day at 513,000 barrels South daily for last week's average This was an increase of 7,100 barrels daily over the preceding week's estimate. The corresponding week of 1930 was 105,950 barrels daily higher than last week. Carlot California State Park 4 per cent bonds totaling 376,000 will be sold Covina September 4th The first block of $194 will mature 2nd 1948 and the remaining $182,000 year later. Receipts for 1,455 California hotels having twenty-five or more guest rooms amounted to about $92,000,000 in 1929, the census bureau reported turning from two months' trip to Europe, Hubert Parson, president of W. Woolworth Co. said he business conditions abroad especially in France Seal showed some improvement. NEW ORLEANS UTURES Aggregate net income for the (By Press) first half this year reported by 335 NEW ypical industrial declines 24 amounts to $329,095,000 a 48 per cent decline from the $631,733,000 reported by the same companies in the corresponding period last year survey by Standard Statistics Company says The Federal Reserve Bank of DALLAS COTTON SEED OIL Paula New York has received $1,365,000 in SEED gold from Mexico. 17.-COTTON United Air Lines Show NEW ORLEANS SPOT COTTON Sunkist Press) mont NEW Spot 33 Pct. Gain In Travel middling CHICAGO Aug. The United Air Lines Companies Boe4 Banks Close In Ohio; ing National and Pacific Transport and Varney Air Lines, report6 In Nebraska; Loan ed to-day they had carried 33 per cent revenue passengers in Associations Shut Down July than in United Air Lines is the operTOLEDO (Ohio), Aug. ating subsidiary of the United Air Four Toledo banks with combined Craft and Transport Corporation of more than 000 Valencias Their machines flew in excess of failed to open for business this 1,000,000 miles in July, and carried morning, while savings asso- 6,215 ciations ceased payments of New York to Chicago and Dallas, posits during the present financial Chicago to San Salt Lake City to Seattle and Seattle to In accordance with the request San Diego of the four institu tions, the state banking depart LIVESTOCK MARKETS ment to take their affairs to assets in the BAY LIVESTOCK face of previous steady withdraw Press) els by Late Saturday, directors an nounced closing of the Guardian Trust and Savings Bank the Ohio Savings Bank and Trust Company and the Commercial Sav ing Bank and Trust Company Yesterday in the wake of these came word from directors of the fourth institution the American Bank, a state bank that It would be forced to close its doors also because its reserves were tied up in two of the banks NEBRASKA BANKS CLOSE Aug. Six small Nebraska State Banks failed to to-day. Governor Charles W. Bryan said the closIngs were the result of recent bank in Omaha. They were CHIC LIVESTOCK the First State Bank of Pleasant State Bank of Brainard State Bank Brainard, the Bruno State Bank of Bruno, the Butler County Bank Davis and the Leigh State Bank Leigh Loans On Securities Cut Down By Five Millions Loans on securities dropped $5 000,000 last week the federal reserve bank of San Francisco reported for welfth district. The LOS ANGELES LIVESTOCK D. total loans in fifty banks reportIng weekly from eight leading cities in the seven far western states declined to $310,000,000 on securities collateral. Net demand deposits were up $4,000,000 while time were down that amount The time posits totaled $1.028 and the demand deposits $732,000,000. Lemon

7. August 17, 1931 North Platte Daily Telegraph North Platte, NE
Article from North Platte Daily Telegraph, August 17, 1931

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SIX NEBRASKA BANKS FAIL OPEN DOORS Lincoln, .Aug. 17, Nebraska state banks today failed to open their doors for business and both Governor Charles W. Bryan and E. H. Luikart, secretary of the State Department of Trade and Commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately 000. The banks are the First State bank of Pleasant Dale; the Dwight State bank of Dwight; the Brainard State Bank of Brainard; the Bruno State bank of Bruno; the Butler State bank of David City, and the Leigh State bank of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all of the depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State had greater chance of sharing equally in the banks' funds. They said the Leigh Sate bank had it reserve funds deposited in the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State bank of Omaha which also closed last week. OFFICERS, DEPOSITS: Officers and deposits of the six suspended banks as announced by the governor: First State of Pleasant Dale, deposits about $140,000; F. Horacek, president; L. A. Horacek, cashier. Dwight State bank, deposits about $180,000; J. Novak, president; G. J. Tomes, cashier. Brainard State bank, deposits about $280,000; C. J. Davis, president; Fred C. Sennin, vice president; J. A. Proskovec, cashier. Bruno State bank, deposits about $140,000; Rohn, presiTomek, vice president; A. V. Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, cashier. Leigh State bank, deposits about $200,000; F. Vlach, president; W. A. Vlach, acting vice president; E. M. Nelson, cashier.

8. August 18, 1931 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, August 18, 1931

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Doors of Half Dozen Banks in Nebraska Closed to Public Lincoln, Neb.-(P)-Six Nebraska state banks Monday failed to open their doors for business and Gov. Charles W. Bryan and E. H. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of "approximately $1,120,000. The banks were: The First State bank of Pleasantdale; Dwight State bank of Dwight; Brainard State bank of Brainard; Bruno State bank of Bruno; Butler County bank of Dav. id City, and Leigh State bank, of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State bank had its funds deposited in the South Omaha State bank, which closed last week, and that the other five banks had funds on deposit with the Union State bank, of Omaha, which also closed last week.

9. August 18, 1931 The Spokesman-Review Spokane, WA
Article from The Spokesman-Review, August 18, 1931

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FIVE BANKS FAIL, TOLEDO IS A-BOIL Merchants Abandon Any Attempt to Succor Ruined Institutions. WILL LEND TO NEEDY Six Nebraska Banks Close Doors -Ohio Loan Groups Clamp On TOLEDO. Ohio, Aug. 17. dustrial and leaders rapidly to aid depositors after four large banks and one small had closed the last 24 hours. The last bank to close was the Point Place State, which opened December 1929, with capital, $5000 surplus and about $80,000 To minimize hardship among an depositors affected by the the five institutions, members of the and Manufacturers' association decided that would aid their unemployed workers with small loans whenever The decided it was imto to raise funds from the to aid concerns It was this would require at least $5,000,000. pension of industry here was not anticipated. Several truckloads of money were rushed from the federal bank at Cleveland to aid the banks The section was crowded all day with depositors and the merewho read the closing notices posted on the doors of the Commerce Guardian Trust and Savings bank, the Ohio Savings Bank and Trust the ings Bank and Trust company and the The four banks combined sources of $100,000,000 and deposits of around $80 Loans Groups Lower Bars. Aug. 17. Twelve and loan of Akron and Cuyahoga Falls today served their depositors with notice of temporary suspensions of withdrawals. The companies involved carry deposits of A. E. Albright secretary of the largest, today said "the step is taken for the purpose is protecting the depositors. There no question of insolvency Six Banks Fail. Neb., Aug. 17. Nebraska state banks failed to open business today. Governor Charles W. Bryan and E. H. Luikart. secretary of the state of trade and said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of They were the First State bank of Pleasant the Dwight State bank Dwight, the Brainard State bank Brainard, the Bruno State bank the Butler County bank of Davis City and the Leigh State bank of Leigh. One-third the population of the United States. persons, are transported on street cars every year.

10. August 18, 1931 Star-Herald Scottsbluff, NE
Article from Star-Herald, August 18, 1931

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SMALL BANKS FAIL TO OPEN MONDAY Pleasant Dale, Dwight, Brainard, Bruno, David City and Lincoln, Aug. 17. small Nebraska banks failed open for business today Gov. Charles W. Bryan and E. Luikart. secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,180,000. They were the First State Bank of Pleasant Dale: the Dwight State Bank of Dwight, the Brainard State Bank of Brainard: the Bruno State Bank of Bruno: Butler County bank of David City, and the Leigh State Bank of Leigh. Omaha Closings Cause Others Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the banks bunds. They said the Leigh State bank had its reserve funds deposited in the South Omaha State bank, which closlast week and that the other five banks that funds on deposit with the Union State Bank of Omaha, which also closed last week.

11. August 23, 1931 Omaha Sunday Bee-News Omaha, NE
Article from Omaha Sunday Bee-News, August 23, 1931

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HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.

12. August 23, 1931 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, August 23, 1931

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Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.