Security National Bank (Randolph, NE)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
March 22, 1933
Location
Randolph, Nebraska (42.379, -97.357)
Bank Type
national
Charter Number
7477

Metadata

Receivership Details

Depositor recovery rate
84.5%
Date receivership started
1934-02-13
Date receivership terminated
1938-05-04
Share of assets assessed as good
48.9%
Share of assets assessed as doubtful
35.6%
Share of assets assessed as worthless
15.4%

Notes

Bank was placed under a federal conservator and operated with limitations in 1933, and later placed in receivership (1934).

Events (6)

1. November 16, 1904 Chartered
Source
historical_nic
2. March 22, 1933 Suspension
Cause
Government Action
Cause Details
Closed during the March 1933 banking holiday and placed under a federal conservator by the Comptroller.
Newspaper Excerpt
Viergutz...has been appointed by Comptroller to act as federal conservator of the Security National bank Randolph, Nebr., which has been opened since the banking holiday under the conservator plan operating under temporary limitations.
Source
newspapers
3. March 22, 1933 Reopening
Newspaper Excerpt
which has been opened since the banking holiday under the conservator plan operating under temporary limitations.
Source
newspapers
4. February 13, 1934 Receivership
Newspaper Excerpt
P. J. O'Donnell, who for the past year and a half has been receiver for the Security National bank at Randolph...
Source
newspapers
5. February 13, 1934 Receivership
Source
historical_nic
6. February 13, 1935 Other
Newspaper Excerpt
Security National bank receiver to Nebraska State Building and Loan association; quit claim deed to lots... Randolph; $1.
Source
newspapers

Newspaper Articles (3)

Article Text

RANDOLPH BANK UNDER CONSERVATOR Viergutz, cashier the mercial National bank of Columbus for has been appointed many years, the of the by Comptroller to act as federal conservator rency of the Security National bank Randolph, Nebr., which has been opened since the banking holiday under the conservator plan operating under temporary limitations. Mr. Viergutz went to Randolph to duties. Saturday


Article Text

Munter; NW 1/4 of sec. 23, township 29, range 1 W; $1. John J. Munter to Gottlieb Munter; SE 1/4 of sec. 26 and SE 1/4 of sec. 35, township 29, range 1 E; $1. Leo Boeckman to Edw. J. Wuebben; lots 1, 2, 3 and 4, block 61, St. Helena; $75. Helen Mittlestadt et al to Louis C. Mittlestadt; lot 4 and part of lot 5, block 2, Manton's addition, Laurel; $1. E. C. McConnaha to Packer National bank; SW 1/4 of sec. 33, township 31, range 2 E; $1. Fred W. Arens to Nebraska Wesleyan University; NW 1/4 of sec. 14, township 32, range 2 E; $4,000. Elizabeth Schroeder to Nebraska Wesleyan University; N 1/2 of NE 1/4 of sec. 7 and S 1/2 of NW 1/4 of sec. 6, township 31, range 3E; $5,000. J. J. Garvey to Gertrude V. Garvey; lot 12, block 25, Hartington; $1. Security National bank receiver to Nebraska State Building and Loan association; quit claim deed to lots 11 and 12, block 8, Whit. Addition, Randolph; $1.


Article Text

Grandma Dickinson of Randolph Reaches This Advanced Age August 10 Mrs. Mary A. Dickinson, Randolph's oldest citizen and Cedar county's oldest living pioneer, quietly celebrated her 95th birthday anniversary last Saturday, August 10. Active and in fine health for many years, Mrs. Dickinson is now in frail health. Her son Dr. E. L. Dickinson of Ravenna was here in honor of his mother's birthday. Coming to Cedar county to old St. James in 1869 from her native Virginia, Mrs. Dickinson has been a continuous resident of Cedar county for 66 years. She has had a part in the development of this county from earlier pioneer days when Indians bands roamed this part of the state. Her first home was a log cabin built by her husband, which in time gave way to a frame dwelling also used as a hotel and the first hotel in old St. James, noted in its time for its hospitality and good cooking. In years past Mrs. Dickinson has been the source of much accurate information concerning the early settlers and settlement of north Cedar county. Although not living in the county at the time of the Wiseman Massacre, she knew both Henson Wiseman and his wife and the particulars of this massacre were familiar to her. The scene of this historical event is now marked and is a spot visited by hundreds each year. Mrs. Dickinson's children are: Mrs. W. P. Hill, now of San Bernardino, Cal.; Mrs. Mattie Smith and Will Dickinson of Randolph; Mrs. J. C. Dawson of Vermillion, S. D.; Mrs. Lucy McKinzie of Dallas, S. D., and Dr. E. L. Dickinson of Ravenna. She has 11 grandchildren and about the same number of great grandchildren. She is the head of four 4-generation groups. Mrs. Dickinson has lived a remarkable life, constantly a home-loving woman, she has moved but littleβ€”from her native Virginia to St. James and from there to Randolph. Her highest enjoyment has always been in the home. THIS SECTION LEADS IN CORN PROSPECTS Northeast Nebraska leads the state in August condition of corn according to reports of the state department of agriculture. Corn condition in Cedar, Knox, Dixon, Dakota, Dixon, Wayne, Pierce and Thurston was 80 per cent in August 1st, the best percentage in Nebraska, with the counties west of us at 78, with counties south of us the corn condition was 69. Since August 1st, hot weather has no doubt reduced these figures somewhat. Oats in our section are listed at 78 also the highest figure in the state. The August forecast is 180 million bushels of corn against 21 million last year. P. J. O'DONNELL BANK RECEIVER AT PENDER P. J. O'Donnell, who for the past year and a half has been receiver for the Security National bank at Randolph has also been named as receiver for the failed national bank at Pender and now divides his time between the two towns. The affairs of the Security are not so rushing just now and Mr. O'Donnell can handle both jobs with A. E. LeClair in charge here during Mr. O'Donnell's absence.