Ravenna Bank (Ravenna, NE)

Episode Information

Episode Type
Suspension โ†’ Reopening
Start Date
November 1, 1931*
Location
Ravenna, Nebraska (41.026, -98.913)
Bank Type
state
Routing Number
76-0842

Metadata

Notes

New institution created from State Bank of Poole; prior local bank closures during 1931 panic prompted reopening.

Events (2)

1. November 1, 1931* Suspension
Cause
Macro News
Cause Details
Bank panic in 1931 led to closure of all banks in Ravenna (local manifestation of wider systemic panic)
Newspaper Excerpt
In 1931, with the bank panic at its peak, at which time all banks in Ravenna were closed
Source
newspapers
2. January 2, 1932 Reopening
Newspaper Excerpt
The Ravenna Bank Will Open on 2nd Day of New Year; the bank will open on the following day. ... The new Ravenna bank opened for business Saturday morning and met a hearty welcome and response from those who will be its patrons. (opened Jan. 2, 1932).
Source
newspapers

Newspaper Articles (5)

Article Text

The Ravenna Bank Will Open on 2nd Day of New Year

Officers and Directorate Show Group of Responsible and Capable Gentlemen.

Mr. Horace J. Cary, Mr. Fred Cottrell, Mr. C. E. Clark and Mr. Clarence Fisher will be the officers of The Ravenna Bank, which is to swing open its doors to the Ravenna public on Saturday, January 2. This was announced following the meeting of the stockholders at the Ravenna public library Wednesday afternoon of this week. Receiver McGrew is busy moving the papers and effects of the State Bank of Ravenna now. The last table cannot be moved until after Dec. because depositor's claims must be filed there up to that time. Papers of the new bank will be moved on New Year's day, and the bank will open on the following day. While the moving may not be complete, and some confusion may result, the new bankers want to get in and get settled, to start the New Year right. Horace J. Cary, of Kearney, 42, the new president is known in Ravenna. He was born in Schneider township, the son of Lyman Cary, several times county treasurer of this county, and well-known citizen. Horace Cary is a leading stockholder in the Fort Kearney Staate bank, and is recognized as man of considerable standing and wealth. Fred Cottrell, vice-president, needs no introduction. His station in Ravenna as leading merchant, and his activities in civic and community work single him out as a good man for the position. C. E. Clark, the cashier, needs little introduction. He is the "man behind the guns", capable, industrious, sensible. Much of the credit of the new bank for Ravenna goes to Mr. Clark. Mr. Clarence Fisher, assistant cashier, has long been identified with the State Bank of Ravenna, knows the people, customs, and habits of this community. Mrs. F. H. Lecron will head the department of bookkeeping. The board of directors are as follows: Horace J. Cary, Kearney; Paul Kennow, Kearney; R. H. Barber, Paxton; C. F. Fisher, Ravenna; Fred Cottrell. Ravenna; Barney Wedemeyer, Ravenna: C. E. Clark, Poole. The first three are directors of the Fort Kearney State Bank, of KearThe stockholders of the new bank as follows: Horace J. Cary; Paul Kennow; R. H. Barber; A. C. Wittera; Clarence Fisher; Fred Cottrell; Chas. and Helen Zimpfer; Jos. Hervert; A. Hervert; Jos. Kriha; Jos. Muegerl; Barney Wedemeyer; Frank Winkler; John Tuchel; E. A. Poole; C. E. Clark. The mere reading this list is enough to show that are very responsible and substantial people in this section. They are not confined to any one financiers, business men, farmers all are included. They are a hand-picked group. Further information the fees, charges, and policies of The Ravenna Bank will appear next week. At the same time an effort will be made for the merchants to cooperate on a Bank Opening Day in Ravenna.


Article Text

RAVENNA

Fred Struble died at his home in Ravenna last Thursday morning. He was about fifty-seven years of age and had been in poor for some time. Funeral services were held from the Love Undertaking parlors and interment made in Highland cemetery. The Epworth League of the Methodist church held New Year's party at the church annex Thursday evening, watching the old year out and the new year in. Bells and whistles in different parts of the town properly announced the passing of the old year. Mr and Mrs. Clark Mingus entertained at bridge on last Thursday evening. The party also celebrated the birthday of Mr Mingus. The new Ravenna bank opened for business on last Saturday morning and enjoyed a good business. From the number of callers during the day one would judge that people in general enjoyed the banking facilities which they had been without for some time The moving of the bank on New Year's day proved to be more difficult than was anticipated. The blizzard had made the roads almost impassable and the heavy truck had quite a time getting over the short distance from Poole to Ravenna. Mr and Mrs. John Christopher have returned from short holiday visit with relatives in Kansas. Mr. and Mrs. Leonard Mickish of Greeley, Colorado have been visiting Mr. and Mrs. A. Gehrke and other relatives and friends in Ravenna during the holidays. Mrs. Emma Donner, of York spent the holiday vacation with her parents, Mr. and Mrs. R. Kaspar in Ravenna The public schools of Ravenna resumed work Monday morning, January Fourth. Gerald Cunningham of Grand Island spent part of the Christmas vacation with his parents, Mr. and Mrs. W. R. Cunningham of Ravenna.

Mrs. R. Irwin is in Cleveland, Ohio, visiting her daughter and family, Mr. and Mrs Stillinger. The A. E. Gauseman family went to Hampton Sunday to visit relatives. From there, their son Carl returned to school in Kansas. Miss Enid Miller spent the holiday vacation in Iowa visiting Miss Elva Klein of Pella. Miss Miller returned to her school work in


Article Text

BANK OPENS] AT RAVENNA

After being without a bank for three months, Ravenna is now enjoying the accommodations of such an institution. The Ravenna bank opoend for business Saturday morning and met a hearty welcome and response from those who will be its patrons. The new bank is a continuation of the State Bank of Poole. Having all arrangements made for the move, the owners closed their business at Poole the last day of December, moved their equipment on the first, and open ed for business under a new charter the next morning. The bank in Ravenna will be headed by Charley E. Clark, long a successful business man and and banker at Poole, and the assistant cashier will be Clarence Fisher, for many years connected with a Ravenna bank. The first day was very busy many accounts being opened, and the people generally expressing confidence in the institution.


Article Text

The year 1931 closed with a total of 348 cases of measles reported to the public health bureau during the past twelve months, a decline of nearly 10,000 cases from last year, it was reported recently by Dr. P. H. Bartholomew, director. On the other hand, chicken pox showed an increase to 2,347 cases. Influenza, tuberculosis and gonorrhea remained about on a level with last year. Dr. Bartholomew was slightly encouraged by a small decline in diphtheria, from 590 cases in 1930 to 532 last year. This is almost entirely a child's disease, he said, the figures for 1930 showing but two deaths from it above the age of seventeen. The average age for death from diphtheria is slightly below seven years. Continued immunization of children, the best time being during the second six months of life, is urged by the director who said that the natural new supply of susceptibles places this prevention work in the class of routine.

Without banking facilities since last November, the city of Ravenna recently witnessed the opening of the Ravenna bank, a new institution although created from the holdings of the State Bank of Poole. The new bank opened with capital stock of $25,000 surplus of $5,000 and undivided profits of $2,500. Horace J. Cary is president; Fred Cottrell, vice president, and C. E. Clark, cashier. The latter was formerly president of the Poole bank. Governor Bryan said all business of the Bank of Poole would be transferred to Ravenna.


Article Text

HAS HEART ATTACK

Ravenna and Buffalo county suffered the loss of one of its most brilliant and respected men, when death came suddenly and swiftly, Sunday evening, to Chas. E. Clark, of Ravenna, noted banker, writer, public speaker, and one-time candidate for the Nebraska state senate. He was acting this year as president of Group Five of the Nebraska Bankers Assn.

Mr. Clark was the victim of heart trouble, a disease which he had been fighting for some years. He had spent two months in bed earlier this year, as a rest cure, and since that time had been on duty only part time at the Ravenna Bank, which he founded, and of which he was executive vice-president. Mr. and Mrs. Clark left last week for Colorado for a Christmas visit, but he was taken ill there, and returned home immediately, arriving here Friday, his condition considered serious. A sudden heart attack early Sunday evening, December 22, 1935, proved the fatal blow. He was past 58 years of age at his death.

The story of his life is that of one who worked himself by sheer work and prudence from the bottom to a high and respected position. He was born May 15, 1877 in Wayne county, Ia., near Promise City, coming from a distinguished family. His great grandmother was born at sea, and lived on the ocean until she married, at the age of eighteen. Her father was a sailing master on an Atlantic liner, and the family made their home on board the vessel for many years. His grandfather traveled with Lincoln and Douglas during their memorable tour while the Lincoln and Douglas debates were making history before the Civil War.

The Clark family later moved to Clay county, Nebr., and when Charles was 15 years old they came to Buffalo county, locating near Gibbon. Mr. Clark received his education in schools of Clay and Buffalo county, graduating from Gibbon high school. For a time thereafter he farmed on his own responsibility, and was a country school teacher.

In 1909 he became cashier of the State Bank of Poole, a position he filled with rare judgment and ability, and the institution flourished. He was one of the original incorporators of the Village of Poole, and served on the village board and school board many years. He also held township offices in Beaver township.

An inexhaustible supply of wit and humor, and natural writing and speaking talent make him well known throughout all of central Nebraska. He conducted a column "Everyday Life," in the Ravenna News for many years, and numerous paragraphs from his pen were widely re-printed throughout Nebraska. His wit as a public speaker made him much in demand at dinners, banquets and meetings. In 1932 he was a candidate for the Nebraska state senate, on the Democratic ticket, losing by a very close margin in the election.

In 1931, with the bank panic at its peak, at which time all banks in Ravenna were closed, Mr. Clark made arrangements to move his bank to Ravenna, at the request of his Ravenna friends. The Ravenna Bank opened for business in January, 1932, and since that time has flourished in four years to a half-million dollar institution. In the face of the suspicion and skepticism of the times, this faith in Mr. Clark's integrity was one of the greatest tributes his friends ever offered.

Mr. Clark was married in 1899 to Miss Edna Reedy, daughter of one of this county's early prominent citizens. His wife survives him, and also the family of four children: Hazel and Marjorie at home, Charles, Jr., of Poole, and Ruth, now Mrs. Ingve Mattson, of Kearney. Besides this are several brothers, nieces, nephews, grandchildren, and other relatives, and a multitude of friends.

Funeral services were held Tuesday afternoon at the Methodist church, preceded by a short family service at the home. Rev. G. A. Randall delivered a fine tribute to the deceased, and a mixed quartette consisting of Mrs. Love and Mrs. Skochdopole, and Messrs. Greenslit and Harrison sang two hymns. Miss Lucille O'Neill sang a favorite sacred