Smith National Bank (St Edward, NE)

Episode Information

Episode UID
579301604
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
57930 national
Charter Number
5793
Start Date
August 5, 1933
Location
St Edward, Nebraska (41.570, -97.866)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
65f13910157a82d6

Response Measures

None

Receivership Details

Depositor recovery rate
52.5%
Date receivership started
1933-03-03
Date receivership terminated
1936-12-29
Share of assets assessed as good
19.6%
Share of assets assessed as doubtful
58.4%
Share of assets assessed as worthless
22.0%

Description

Contemporary article names a receiver; later RFC listing shows loans to closed-bank receivers, confirming closure.

Events (5)

1. April 27, 1901 Chartered
Source
historical_nic
2. March 3, 1933 Receivership
Source
historical_nic
3. August 5, 1933 Receivership
Newspaper Excerpt
has already been appointed receiver the Smith National bank St. Edward.
Source
newspapers
4. August 5, 1933 Suspension
Cause
Government Action
Cause Details
State-appointed receiver (John ... Manny) was named for the Smith National Bank of St. Edward.
Newspaper Excerpt
has already been appointed receiver the Smith National bank St. Edward.
Source
newspapers
5. May 24, 1934 Other
Newspaper Excerpt
St. Edward The Smith National Bank of St. [Edward] listed among closed-bank receivers authorized RFC loans $... (listing of loans to closed bank receivers).
Source
newspapers

Newspaper Articles (3)

Article from The Banner-Press, March 30, 1933

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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 Norfolk Daily News, August 5, 1933

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Article Text

Bank Receiver John former Crofton banker, to Manny as of the First National bank of Madison, accordto word from Madison. Mr. Reifenrath. former member of state legislature, has already been appointed receiver the Smith National bank St. Edward. is not known whether the staff serving under Mr. Manny be affected. Tries to Kidnap Child Lincoln, Aug. Lincoln police today were searching for old man in light coach attempted to coax 5-year-old girl his near the University Nebraska stadium this morning. The man's motive known. the frightened little girl fused in the man Want Vote Beer Neb., Aug. petition bearing more than 600 natures has been filed here ing the beer licensing ordinance be submitted the election, April, 1934. Reports heard that another petition being circulated special election the Fairbury ordinance.


Article from Star-Herald, May 25, 1934

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Article Text

FAILED BANKS GET R. F. C. CASH LOAN Washington, May 24. (P)-Receivers of closed Nebraska banks were' authorized to borrow $2,022,653.43 from the Reconstruction Finance corporation between February 2, 1932, and May 18, 1934, Jesse H. Jones, chairman, reported today. The largest individual loan authorized in Nebraska was $175,000 to the Farmers State Bank of Columbus. The Farmers State Bank of Kearney borrowed $141,750. and the Norfolk National bank received $130,000. Besides the loans to closed bank receivers, the RFC also authorized a loan of $50,000 to the Fremont Mortgage company. The table of loans to closed bank receivers includes Auburn. First National Bank of Auburn. $26,000 First National Bank of Auburn. $23,000. Aurora. Fidelity State Bank, $49,675. Columbus, The Commercial National Bank Columbus, $60,000; Farmers State $175,000. Fremont, The Union National Bank of Fremont, $85,000. Holdrege Phelps County Bank, $50,000. Hooper, Hooper State Bank, $40,000. Litchfield, The First National Bank of Madison. The First National Bank of Madison, $83,000. McCook Farmers & Merchants State Bank, $26,000. Norfolk, The Norfolk National Bank, $130,000 Platte Center, Platte County Bank, St. Edward The Smith National Bank of St. Sterling, First State Bank. $31,000. West Point. The Point National Bank, $50,000; West Point National Bank,