National Bank - Ashland, NE

Episode Information

Episode UID: 292101611
Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 29210 national
Charter Number: 2921
Start Date: March 27, 1934
Location: Ashland, Nebraska (41.039, -96.368)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c895d471568c46a8

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-07-16
Date receivership terminated: 1937-09-13
Share of assets assessed as good: 63.0%
Share of assets assessed as doubtful: 20.9%
Share of assets assessed as worthless: 16.1%

Description

Article states the bank is defunct and a conservator is handling sale of assets.

Events (4)

1. April 10, 1883 Chartered

Source: historical_nic

2. March 27, 1934 Receivership

Newspaper Excerpt: J. C. Railsback, conservator for the defunct National Bank of Ashland, today asked the federal court here to approve a contract for sale to the Citizens National bank of Ashland of assets of the closed institution for $152,999.
Source: newspapers

3. July 16, 1934 Receivership

Source: historical_nic

4. * Suspension

Cause: Government Action
Cause Details: Bank was closed and placed in conservatorship/receiver control
Newspaper Excerpt: conservator for the defunct National Bank of Ashland
Source: newspapers

Newspaper Articles (1)

1. March 28, 1934 Omaha World-Herald Omaha, NE

Article Text

Bank Sale Contract Approval Requested Lincoln, Neb., March 27 (AP).—J. C. Railsback, conservator for the defunct National Bank of Ashland, today asked the federal court here to approve a contract for sale to the Citizens National bank of Ashland of assets of the closed institution for $152,999. Its form was approved, but the court did not act on the amounts. The Citizens National agrees to pay 70 per cent of unsecured liabilities and liabilities not entitled to priority, totaling $122,667. The contract calls for the purchase by the Citizens National of secured liabilities of the old bank at 100 per cent value, totaling $30,332.