Authoritative known receivership date (1894-10-24) differs from some newspaper dates (Oct 10โ11); using provided receivership date.
Events (4)
1.October 25, 1882Chartered
Source
historical_nic
+12 years
2.October 11, 1894Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed bank and suspended payments because they could not make collections or realize on assets (indicating insolvency/liquidity failure).
Newspaper Excerpt
This bank has suspended payment owing to impossibility to make collections or of realizing on assets.
Source
newspapers
+13 days
3.October 24, 1894Receivership
Newspaper Excerpt
The controller of the currency ... appointed Mr. Henry E. Lewis receiver of the First National Bank of Kearney, which failed October 10, 1894.
Source
newspapers
same day
4.October 24, 1894Receivership
Source
historical_nic
Newspaper Articles (13)
1.October 11, 1894The Topeka State JournalTopeka, KS
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Article Text
Bank Fails at Kearney, Neb. OMAHA, Oct. 11. -A special to the Bee from Kearney, Neb., says: At a little afternoon, the directors of the First National bank closed their doors and ordered the following notice posted: "This bank has suspended payment owing to impossibility to make colleclections, or realize on their assets."
2.October 11, 1894The Topeka State JournalTopeka, KS
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Article Text
Bank Fails at Kearney, Neb. OMAHA, Oct. 11.-A special to the Bee from Kearney, Neb., says: At a little afternoon, the directors of the First National bank closed their doors and ordered the following notice posted: "This bank has suspended payment owing to impossibility to make colleclections, or realize on their assets."
3.October 11, 1894Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
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Article Text
A Bank Fails
Kearney, Neb., Oct. 11.-The directors of the First National bank closed its doors to-day and ordered the following notice posted: "This bank has suspended payment owing to the impossibility of making collections or of realizing on assets." There is no special excitement, the other banks not being effected.
4.October 11, 1894San Antonio Daily LightSan Antonio, TX
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Article Text
Another Bank Busted
KEARNEY, Neb., Oct. 11.-The First National bank suspended payment, and closed doors this afternoon.
5.October 11, 1894Deseret Evening NewsSalt Lake City, UT
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Article Text
Closed the Bank
KEARNEY, Neb,, Oct. 11.-The directors of the First National bank closed the doors today and ordered the following notice posted: "This bank has suspended payment owing to the impossibility to make collections or realize on assets." There is no special excitement. The other banks are not affected.
6.October 12, 1894The Dalles Daily ChronicleDalles, OR
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Article Text
Nebrrska Bank Closed
KEARNEY, Neb., Oct. 11.-The directors of the First National bank closed its doors today and ordered the following notice posted: "This bank has suspended payment owing to the impossibility to make collections or realize on assets. There is no special excitement. Other banks are not affected.
7.October 12, 1894The HeraldLos Angeles, CA
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Article Text
A Bank Failure
KEARNEY, Neb., Oct. 11.-The directors of the First National bank closed its doors this evening and pested the following notice: "This bank has suspended payment, owing to impossibility to make collections or realize on assets." The bank had a capital of $200,000.
8.October 12, 1894Rock Island ArgusRock Island, IL
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Article Text
Nebraska Bank Suspends
KEARNEY, Oct. 12.-The directors of the First National bank closed its doors and ordered the following notice posted: "This bank has suspended payment owing to impossibility to make collections or realize on their assets." There is no special excitement on the street and the other banks are not affected.
9.October 12, 1894The Salt Lake HeraldSalt Lake City, UT
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Article Text
BANK GOES UP
Kearney, Neb., Oct. 11.-The directors of the First National bank closed its doors this afternoon and posted the following notice: "This bank has suspended payment, owing to impossibility to make collections or realize on the assets." The bank had a capital of $200,000.
10.October 13, 1894The Guthrie Daily LeaderGuthrie, OK
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Article Text
The Kearney First National Closed
OMAHA, Neb., Oct. 12.-The First National bank of Kearney suspended at noon to-day, after asking and being refused a loan: of $25,000. No statement is made, but deposits are estimated at over $400,000. Impossibility to collect and to realize on assets at present is the reason given. Dr. Price's Cream Baking Powder World's Fair Highest Medaland Diploma.
11.November 12, 1894Evening StarWashington, DC
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Article Text
Receiver Appointed
The controller of the currency today appointed Mr. Henry E. Lewis receiver or the Buffalo County National Bank of Kearney, Neb., which suspended payment October 11, 1894. Mr. Lewis is also receiver of the First National Bank of Kearney, which failed October 10, 1894.
12.November 13, 1894The Guthrie Daily LeaderGuthrie, OK
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Article Text
Receiver for Two Broken Banks
Washington, Nov. 12.-The ecraptroller of the currency has appointed Henry E. Lewis receiver of the Buffalo County National bank of Kearney, Neb., which suspended October 11. He is also receiver of the First National bank of Kearney, which failed October 10.
13.April 19, 1895Omaha Daily BeeOmaha, NE
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Article Text
Changes in the Platte Institute
KEARNEY, Neb., April 18.-(Special.)Prof. C. A. Murch, who has had charge of the Platte institute since its opening, has resigned his position and will sever his connection with the institution at the close of this present term. Prof. Harry Russell of Chadron has been engaged to fill the position vacated by Prof. Murch. Messrs. H. H. Stoddard and H. D. Watson have made arrangements for handling and raising chickens and poultry of all kinds on an extensive scale. The business will be conducted under the name of the Watson & Stoddard Poultry company and the principal place of business will be on the Watson ranch three miles west of town. The building formerly occupied as a plow factory will be transferred into a vast hatching house and chicks will be hatched by the thousands by the incubator process. Stoddard is one of the poultry men of the United States, having had the experience of a lifetime. and is the publisher of the Poultry World and the Poultry Yard, besides being the author of a book on poultry breeding. It is expected that this will develop into one of the leading industries of the county. The receiver of the First National bank and the Buffalo County National bank has just sent out notices of assessment on the shares of stock in these banks. The assessment on the First National calls for 96 per cent and the one on the Buffalo County National 82 per cent. The indications for a large crop in Buffalo county were never better than they are now. The land is in splendid condition and everything is favorable. There is a large acreage of small grain being put in and farmers are feeling quite hopeful and happy. Yesterday was the fiftieth birthday anniversary of Rev. John Powers, pastor of the Congregational church, and his friends celebrated the event by calling on him and presenting him a handsome rocking chair. The presentation was made by C. B. Finch.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.