St Libory State Bank (St Libory, NE)

Episode Information

Episode UID
76087471556
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7608747 routing
Routing Number
76-0874
Start Date
August 2, 1929
Location
St Libory, Nebraska (41.082, -98.355)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
38727dd7713f330b

Response Measures

None

Description

OCR typo 'St. Libroy' corrected to St Libory; articles describe the bank's failure due to embezzlement.

Events (1)

1. August 2, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Embezzlement by cashier Edward Buhrman (allegedly prompted by blackmail) that 'wrecked' the bank; discovery of missing funds led to bank failure.
Newspaper Excerpt
Libory bank failure
Source
newspapers

Newspaper Articles (2)

Article from Lincoln Journal Star, August 2, 1929

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Article Text

Edward Buhrman, Who Admits Embezzling Implicates Campbell in Confession. ST. PAUL, bank confessed that embezzled from the St. Libory State bank, has made second torney Spikes which Smith former Grand land real operator inof getting the bank's county officials announced Campbell, to the alleged second confession, blackmailed Buhrman because an afwith Grand Island woman officials revealed. Buhrlonely road, Campbell drove found Questioned regarding the disposition of the other said he had given $5,000 to Omaha posing friend of Campbell. said, bearing letter purporting have been signed by Mayor DahlOmaha, appeared his office in Libory months promised double it for stock thought it of the plot and gave to Buhrman never heard the man again. His last name John- Buhrman's story almost by officials and depositors bank. One opinion that gave the money another using Campbell shield that Campbell denied that he had blackmailed was rested, charge forging notes the Libory bank failure. He held in here until he furnishes bond, having pleaded not guilty in county court County Spikes said he will further before deciding whether file second charge against Campbell. The next term of court Oct. 28. jury


Article from Lincoln Journal Star, March 9, 1932

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Article Text

BLACKMAIL BLAME Edward Buhrman, Former Libory Cashier, Tells Story of Crime. Details of an alleged blackmail plot which wrecked the St. Libroy State bank, reduced his family to poverty and ended with his own imprisonment, were recited before the state pardon board Tuesday by Edward Buhrman, former cashier the bank. Buhrman, who claims to have been victim of "badger which caused him to embezzle between and $53,000 bank's mysteriously missing funds, commutation parole of his three consecutive sentences ten years imprisonment in the state reformatory for men. He was senSeptember, Smith E. Campbell, time Grand Island named by Buhrman who alleged blackmail against and received the embezzled funds. Campbell, serving one to ten years for forgery notes, following the failure of the bank, denies story. After dealCampbell, claims, he received phone call from at Island one evening. The woman asked that drive Grand Island to consult concerning some investments she wished make. Buhrman said he met the woand at her drove into the country While they parked in side road, he Campbell and discovered him compromising situation. Campbell, Buhrman said, threatened exposure to the young man's fiancee, and demanded $3,000 keep silence, and Buhrman complied with his demands. Buhrman told the board that under threat exposure his first defalcation the banking department, Campbell demanded additional funds which he promised to recover the "playing the board trade. Bank ered the shortage after it Buhrman's father, former state and of bank the time its failure, told board his sacrifice all of his property to reimburse the bank for losses. The young banker's brothers told of having to support the family. wife how she had given three children the care of her parents while secured employment Grand Island. Approximately letters together petitions have been received Buhrman's behalf. the other hand, more than hundred who stand to lose 30 percent of their total deposits, unwilling that he be released he tells different account where the money went. The board took ten seconds to grant Alvernon "Doc" Lytle formal pardon. He served more than year for Minden bank robbery which confessed cently another man. He was granted respite but was cessary, in order the pardon legal, that he appear before the board. the board During the afternoon to hear application Smith Campbell himself. expecting get his version of the leged blackmail story. He has always denied Buhrany way. Others to be heard: Pennitentiary robbery. Willow, William stealing. Roland and Mora, Buffalo, breaking and Washa, Perkins, Baker forgery. TWO STATE BANKS Upon action of its officers and directors the State bank, Concord, suspended the purof Virgil charge for the department. The capital stock surplus $1,000 and deposits about $150,000. The officers are: PresiRieth; Hughes. and cashier S. Shesaction of its directors, the Horace State was closed and turned the trade and Haucharge. Capital stock surplus $2,000, and deposits about $30,000. The President, Hansen and cashier, Leth.