76094471595 7609447
routing
76-094453f7a4aed862f94bNone
HOLDREGE BANK TO RECEIVER Dec. receiver be asked for the Phelps County Bank here and the assets of the bank it was cided meeting of group depositors with the bank commissioner, George W. Woods. Following the death of ickson, one the directors of the bank, the institution was closed the law requires that there be least resident directors. M. R. Beckord, of the state banking department, has been placed in charge of the bank until receiver can be appointed.
REQUEST RECEIVER OF PHELPS COUNTY BANK BE SELECTED Petition For Receiver To Be Heard In District Court Here December 21 LUIKHART IN CHARGE A petition asking the appointment of a receiver for the Phelps County bank was filed by State Attorney Sorensen in district court here this morning. Action on the petition will probably be taken at the next session of district court on December 21, when Judge R. R. Horth of Grand Island will be here in Judge James' place, holding court. E. H. Luikhart, secretary of the department of trade and commerce is named in the petition as official receiver for the bank but as his state duties keep him from handling each individual case, some person will be appointed to act as the local receiver. That this action would be taken, was indicated by George W. Woods, state bank commissioner, when he was here a week ago, conferring with the larger depositors of the bank. M. R. Beckord, who was sent here by the state banking department immediately after the bank suspended business last month, has been in charge of the property since then. Although the bank building has been open for the convenience of owners of safety deposit boxes and Mr. Beckord has issued statements of accounts to depositors, regular banking business was stopped November 4, when the bank closed. The death of Henry Erickson at that time left the bank without a legal quorum of directors.
NOTICE To Patrons Phelps County Bank Holdrege, Nebraska Please call at the Bank and get any papers which may have been left there in your safe deposit boxes or for safe keeping as we are desirous of getting them out of the vault and we shall not be liable as custodian after January 1, 1933.
Filing Date Closes On March 24th Friday, March 24 is the closing date of filing of claims against the creditors of the Phelps County Bank according to announcements sent out this week by E. H. Luikhart bank receiver. Dates for the hearing of the bank have been set for April 24 in district court, and Judge Blackledge will preside.
State Bank at Ainsworth Is Liquidated In Full dation in full of the Citizens State bank, of Ainsworth, was announced yesterday by the state department of banking. All the bank were paid in full, the banking said by liquidation through the Commercial National bank Depositors of the Phelps County bank at Holdrege have received an initial dividend from liquidation of assets of the in the sum of $26,021, 10 per cent of deposits Depositors of the Sargent State bank have received per cent dividend, amounting to $5,115, the banking department announced. According to Secretary Luikart of the banking department, dividends will be paid from liquidation of assest of failed banks at the rate one per day during the remainder of
Runs Again "Big Ben" Has Again Been Put Into Commission By Bank Receiver For the first time in several months "Big Ben," which hangs in front of the defunct Phelps County bank has been tuned up and is tolling off the seconds, minutes and hours as it was won't to do. Folks along Fourth avenue were somewhat startled today to hear the chimes sound and the hour strike. Hope the receiver will continue the time piece in operation.
A. M. Strunk of Holdrege was in Orleans Tuesday Booking after busilness matters of the failed State Bank of 0 leans, as assistant receiver. Mr. Strunk is alo assistant receiver for the Phelps County bank which failed in business about a year ago.
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,