First National Bank (Oakland, NE)

Episode Information

Episode UID
461001599
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
46100 national
Charter Number
4610
Start Date
March 1, 1933*
Location
Oakland, Nebraska (41.836, -96.467)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a66c471ba1125040

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-09-18
Date receivership terminated
1935-10-23
Share of assets assessed as good
59.1%
Share of assets assessed as doubtful
21.6%
Share of assets assessed as worthless
19.3%

Description

Receivership on Sept. 18, 1933 is explicitly stated; suspension in March is implied by appointment of a conservator then.

Events (4)

1. August 6, 1891 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Conservator appointed in March (context of statewide/federal banking actions in March 1933); bank placed under conservatorship and ceased normal operations then
Newspaper Excerpt
conservator of the First National bank since March
Source
newspapers
3. September 18, 1933 Receivership
Source
historical_nic
4. September 18, 1933 Receivership
Newspaper Excerpt
COWAN APPOINTED AS BANK RECEIVER Wm. P. Cowan, conservator of the First National bank since March, has been appointed receiver of the bank by the Comptroller of the currency, the bank going into receivership Sept. 18.
Source
newspapers

Newspaper Articles (2)

Article from The Banner-Press, March 30, 1933

Click image to open full size in new tab

Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt


Article from Oakland Independent and Republican, September 29, 1933

Click image to open full size in new tab

Article Text

LOCAL CHURCH NEWS Salem Mission Church (David T. Gustafson, Pastor) State Sunday School conference will be, held at Aurora, Sept. 29 to Oct. 1. Prof. Peter Person of North Park College, will be the guest speaker. Sunday, Oct. 1: Sunday School at 10:15 m. No preaching service Sunday morning. You are invited to attend services at the Covenant church in town. The Lord's Supper will be observed there after the preaching service. Young People's meeting at 7:30 p. m. Evening Evangel at 8 o'clock. Wednesday evening. Oct. 4: Choir practice at 8 o'clock. Thursday, Oct. 5: Ladies Aid society will meet at the Carl Larson home. Mrs. Robert Nelson and Mrs. Larson will be hostesses. Friday through Sunday, Oct. 68th, we will hold series of Mission meetings. The pastors who will meet with us are: Rev. Fred Hall, Rev. J. O. Lonnquist, and Rev. Carl O. Nelson. First meeting on Friday evening at 7:30 o'clock. Verse for the week: "Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house." West Side M. E. Church (Dr. L. Stromberg, Pastor) Tonight, Friday, Epworth League social in the church parlors. would like to see you there. Sunday, Oct. 1: 10:00 m. Sunday School This is promotion Sunday, and all children should be there. Morning sermon in English at 11:00. Reception of members at this service. If you live in our neighborhood, if you love God and his people, and if you wish to be with us, you are welcome to join us. At 7:30 p. m. the Epworth League meeting. At 8:00 p. m., evening worship Friday Oct. 6, at 2:00 p. m. the W M. society will be entertained at the home of Mr. and Mrs. John A. Erickson. This is the annual meeting with election of officers, and all members are urged to be present. Elim Lutheran Church (Rev. A. V. Thoren, Pastor) Elim Lutheran church announcements: Saturday: 9:30 a. m., confirmation class. Sunday: 10:00 a. m., Annual Sunday School Rally Day program with promotion of classes. The new confirmation class will receive their bibles at this meeting, and an offering will be taken to help defray the cost of the Bibles. 11:00 a. m., Divine worship. 7:30 p. m., adult confirmation class meets in the Henry Erickson home at Uehling. Anyone who desires to join the class is cordially invited. Tuesday, 2:30 p. m., Ladies Aid society meets in the church parlors with Mrs. Chas. Wedergren and Mrs. Richard Larson as hostesses. The Ladies chorus also meets for rehearsal. Free Mission Church (Walter Cahill in Charge) Sunday School at 10:00 a. m. Morning service at 11:00 a. m. Prayer band meets at 7:00 p. m. Evening service at 7:30 p. m. The special meetings will continue every night except Saturday at 7:30 o'clock with the Rev. Wm. Werkhauser, Danville, Ill., as speaker. Mr. Werkhauser will speak Sunday morning. Sunday evening he will continue his lectures upon the subject of prophecy until Sunday, Oct. 8th. Come and hear these lectures. Everybody welcome. First Baptist Church (Rev. J. A. Carlson, Pastor) Sunday, Oct. 1: Sunday School at 10:00 a. m. Promotion exercise will be held. Morning service at 11:00. The Lord's Supper will be observed at the close of the service. Evening service at 7:45. Thursday, Oct. 5: The Ladies Aid society will meet at the home of Mrs. Gust P. Johnson at 2:30 p. m. Prayer and bible study at 7:30 p. m. We welcome you to our church Our church will not send any delegate this year The Inner Mission Circle is invited to the Alvin Backstrom home next Tuesday afternoon at 2:30. The Sunday School teachers and officers meet in the church parlors next Tuesday evening at 7:30 Senior choir rehearsal next Thursday evening at 8 o'clock. The Crescent society is invited to the Gust S. Johnson home next Friday evening, Oct. 6. for the October monthly meeting The Oscar Magnuson, Axel Anderson, and Nels Ekberg families will assist in serving. Program and refreshments. A cordial invitation extended to all. Confirmation class Saturday morning at 10:00. First Methodist Church (Rev. T. W. Parkin, Pastor) Regular services will be held Sunday, morning and evening. Covenant Mission Church (Rev. Carl O. Nelson. Pastor) Friday, choir rehearsal at 7:30 p. m. Sunday: Sunday School at 10:00 a. m. Service in Swedish at 11:00 a. m After service commemoration of the Lord's Supper. No meetings in the evening The pastor is invited to take part in the forty year anniversary at the Pender Mission church. Tuesday, teacher training class at 7:30 p. m. Wednesday, Ladies Aid will meet at 2:30 m. Hostesses are Mrs. Gust W. Nelson and Mrs. Chas. Johnson. Come, you are cordially invited. Thursday, prayer meeting at 7:30 p. m. What do you think of a man that confesses to be a Christian but is seldom seen in the House of God? St. John's Evang. Luth. Church (Rev. J. Harms, Pastor) Sunday School at 9:30 a. m. English service at 10:15 a. m. Choir practice Friday evening. Voters' meeting Sunday afternoon at 2 o'clock. COWAN APPOINTED AS BANK RECEIVER Wm. P. Cowan, conservator of the First National bank since March, has been appointed receiver of the bank by the Comptroller of the currency, the bank going into receivership Sept. 18. First Lutheran Church (Dr. M. J. Laure, Pastor) St. Michael's Day. Sunday School at ten, lesson 2. Morning service in the Swedish language at 11:00. The monthly Luther League program will be given next Sunday evening at 7:30, half an hour earlier than during the summer months. Program as follows: Hymn Audience Devotionals Pastor Vocal solo Janet Alexander Reading Carlson Violin solo Marion Roberts Address Judge C. O. Stauffer Announcements Pastor Audience Hymn An offering for the Fifth Christian Conference at Upsala College, N. J., will be lifted next Sunday