Hooper State Bank (Hooper, NE)

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HOOPER BANK IS CLOSED MONDAY

Officers Recommend Action be Taken

LINCOLN. Sept. 12 (U.R)-Tht Hooper State bank closed its doon today, on of officers and directors, from the state partment of trade and The bank's deposits were gives as $200,000; capital $25,000 and sur plus $25,000. Officers of the bank are Windhusen, president; man, vice president: Ottesistant cashier, Examiner J. Mc. Lain was placed in charge for the

When the bank was re-organized years ago all the was taken by five men, H. Windhusen, Geo. F. Otteman, J. H. Moeller, George Hogemeyer and Henry Moller. Henry Moller has since died. During the period of the depression the have gradually been reduced, $300,000 having been the past two years. the board decided liquidate to best protect the depositors.

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BANK RECEIVER STILL UNDECIDED

Receivership matters for the Hoop er State Bank is still holding consid erable interest for bank depositors Two weeks ago petition was filed with District Judge Fred L Spear asking for the appointment of Ber nard Monnich BS local receiver. This was followed by a meeting called las: Thursday afternoon by representatives of the state department of trade and commerce. The meeting was attended by a very large number of depositions At this time L. Stoll, head of the receivership department of the state banking department. addressed the depositors, advising them that advantages could be gained by placing the receivership under the direction of E. H. Luikart, secretary of the ninth inning when they made three department of trade and comme instead of installing a local man as receiver George Hall, receiver of un Omaha bank was also present and gave his views the appointment of Luikart C. E. Abbott attorney for the deposit ors. who filed the applica tion asking the appointment of M Monnich was also present, and he spoke on the advantages of placing local men is receiver W D. Holbrook was chairman of the meeting and Wm. Meyer secretary. At the close of the meeting De titions were circulated asking the appointment of Mr Luikart Tuesday afternoon a receivership hearing had before Judge Spear in district court with both local and state representatives present. At this time witnesses were called to give their preferences. The hearing was not finished and this morning the mat ter will again come up beforeJudge Spear in district court.

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LUIKART NAMED BANK RECEIVER

Lincoln, Oct. 26. (AP)—E. H. Luikart, state trade and commerce secretary, Tuesday said he had received word from district Judge F. L. Spear of appointment of Luikart as receiver for the Hooper State bank.

A group of depositors in the bank had asked appointment of a local receiver instead of the department secretary. The department and other depositors opposed the move successfully.

STEAL CANNED GOODS

Lincoln, Oct. 26. (AP)—Even contributions for the needy are not passed by thieves these days.

It was learned Tuesday that 250 quarts of canned fruits and vegetables, prepared by volunteer workers, were stolen recently from the Red Cross thrift shop in the old Bryant school building.

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Depositors

Lincoln, banking department today nounced payment first dend of percent to depositors the failed Hooper State bank. Checks totalling $23,262 mailed

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VOGT AGAIN PLATEAU RECEIVER

Vogt, who served charge the Plateau State bank at Herman from the time of its closing February, 1932, until last Decemcharge that institution's affairs, the result of transfer made last week. Mr. Hoflfman, succeeded Vogt, also taking charge of the failed bank at Oakland, has been assigned the Winnebago bank. Mr. Vogt now receiver for the banks Hooper, Winslow and Oakland, well the Plateau bank, will spend Monday Tuesday of each week in Herman.

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PAYS BANK DIVIDEND

The state banking department, receiver, paid 10 percent dividend, $23,262.14 depositors the Hooper State bank, making total of $46,524.28, percent.

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FLUE CAUSES FIRE RUN. Firemen made a run to the residence of Leo Bartunek, 1127 G, Tuesday night. A chimney flue was burning out but there was no damage.

PAYS BANK DIVIDEND. The state banking department, receiver, has paid a 10 percent dividend, $23,262.14 to depositors of the Hooper State bank, making a total of $46,524.28, or 20 percent.

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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,

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ORDER ENTERED IN BANK RECEIVERSHIP

District Judge F. L. Spear entered an order in Dodge county district court Saturday compromising the indebtedness of J. H. C. Moeller to the Hooper State bank.

The receiver for the bank was authorized to accept $2,500 from Moeller in settlement of a judgment of $9,972.15 and stockholder's liability of $5,000. The order was entered upon application of the banking department and the settlement had been approved by the depositors' committee.

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District Judge F. L. Spear entered an order in Dodge county district court Saturday compromising the indebtedness of J. H. C. Moeller to the Hooper State bank.

The receiver for the bank was authorized to accept $2,500 from Moeller in settlement of a judgment of $9,972.15 and stockholder's liability of $5,000. The order was entered upon application of the banking department and the settlement had been approved by the depositors' committee.

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PAY DIVIDEND

Lincoln, Oct. 17. (AP)—Ben N. Saunders, state banking superintendent, announced payment of an additional seven per cent dividend of $16,278 to depositors in the failed Hooper State bank at Hooper. The total was brought to $102,318 or 44 per cent.