Brainard State Bank (Brainard, NE)

Episode Information

Episode UID
76101571580
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7610157 routing
Routing Number
76-1015
Start Date
August 17, 1931
Location
Brainard, Nebraska (41.184, -97.004)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
0966bb4868034c30

Response Measures

None

Events (3)
1. August 17, 1931 Suspension
Cause
Correspondent
Cause Details
Closed after recent Omaha suspensions; the bank had funds on deposit with Union/South Omaha State banks which closed.
Newspaper Excerpt
Six Nebraska state banks today failed to open for business ... the Brainard State bank of Brainard
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
Governor Bryan today announced ... T. Brozek, Chadron, Bruno State Bank, and the Brainard State Bank at Brainard: ... Secretary Luikart ... is the receiver for all the closed state banks.
Source
newspapers
3. June 2, 1932 Other
Newspaper Excerpt
Depositors of the Brainard State bank received 40 percent or $97,238, also a first payment.
Source
newspapers

Newspaper Articles (16)
1. August 17, 1931 Baker City Herald Baker City, OR
Article from Baker City Herald, August 17, 1931

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OHIO, NEBRASKA BANKS FAIL TO THIS M. Toledo Failures Total $100,000,000; Loan Ass'ns. Suspend Toledo banks with combined sources of more than failed to open for business this morning while 11 seving associations ceased payments of deposita during the present financial In accordance with the request of directors of the four institutions, the state banking department prepared to take over their iffairs conserve assets in the face of previous stendy withdrawals by des positors The action of directors Lies up for an indefinite period more than ity-Home Trust company. a fifth bank which closed about months ago had about $20,000,000 if deposits: the Ohio Savings Bank and Trust company almost the Commercial Savings Bank and Trust company 466,000. and the Six Nebraska state banks failed to open for business today. Governor Charles W Bryan and E. H. Lulkart. secretary of the state department of trade and commerce. said the closings were the result of Yecent bank suspensions in Omaha The six banks had total deposits of approximately $1,180,000 They were the First State bank of Pleasant Dale: the Dwight State bank of Dwight the Brainard State bank of Brainard the Bruno State bank of Bruno: the Butler County Bank of Davis City, and the Leigh State bank of Leigh building and associations of Akron and Cuyahoga Falls today served their depositors with notice of temporary suspensions of withdrawals. The companies involved carry bright. secretary of the largest, today said The step is taken for the purpose of protecting the de positors. There is no question of insolvency

2. August 17, 1931 Argus-Leader Sioux Falls, SD
Article from Argus-Leader, August 17, 1931

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SOUTH DAKOTA VISITED BY FOWLER McCORMICK Fowler northwest district manager of the International Co. and member noted for harvesting spending few South Dakota survey farm Tuesday and Cogdell local tional his tour They visited Winner and Martin, and then the Black tour take in all sections of the state. NEBRASKA BANKS CLOSE Aug. Nebraska state banks today failed open doors for The the result of cent bank in Omaha, The six banks had total deposits banks are the State bank Pleasant Dale: the Dwight bank Dwight: Brainard bank of Brainard: Bruno State State bank Bruno: the Butler County bank David City, and the Leigh State bank Leigh Two of the fastest motor have been to the Wales. is said to out Prince for racing records.

3. August 17, 1931 The La Crosse Tribune La Crosse, WI
Article from The La Crosse Tribune, August 17, 1931

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FOUR Reorganization to Be Undertaken and Institutions Will Reopen EXTRA POLICE PATROLING CITY FINANCIAL Word Comes From Nebraska of Closing of Six Banks Four Toledo banks with combined resources more than failed open business this morning, eleven associations ceased payments deposits during the present the request of the four the department their in the face of previous steady Guard Against Trouble City police acting under orders Police Chief Louis Haas, patroled the preparation for any public emerMeanwhile, there pending meeting Mayor Jackson Adjutant General Frank Henderson, Columbus, commanding the Ohio national guard. Sunday night, Mayor Jackwith Safety Director Black Golson Light, commanding the 148th fantry, Ohio national guard. More than 100 rural bankers of Northeastern Ohio, who SunBanks Fulton Charles Saffin, attorney for state department, had. their assurance by state authorities in meeting local problems. Plan Reorganization Late Saturday, directors nounced closing of the Commerce Trust and bank, the Ohio Bank Trust Commercial Bank company Sunday, the these word from rectors of the fourth the bank, bank, would forced to close doors its tied up two of the banks suspending operations. was indicated that conferences to may started within week ten days. Nebraska Banks Close LINCOLN, Nebr. Six Nebraska state banks Monday failed to open their doors for business both Gov. W. Luikart, secretary of the of trade and commerce, said the closings result recent bank suspensions in Omaha. The banks had total deposits banks the First State bank Pleasant Dale, the Dwight State bank of Dwight, Brainard bank of Brainard: the Bruno State bank of Bruno; the Butler County bank of and the Leigh State bank of Leigh.

4. August 17, 1931 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, August 17, 1931

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NEBRASKA BANKS QUIT. Six Failures Follow Recent Susin Omaha. LINCOLN, Neb., Aug. Six small state banks failed to open for today. Governor Charles W. and H. Luikart, of the state of trade and commerce. said the the sult of recent bank suspensions in The six banks had total deposits of They were the First State Bank of Dale, the Dwight State Bank of Dwight, the Brainard Bank of the Bruno State Bank of Bruno, the Butler County Bank of Davis City and the Leigh State Bank of Leigh.

5. August 17, 1931 North Platte Daily Telegraph North Platte, NE
Article from North Platte Daily Telegraph, August 17, 1931

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SIX NEBRASKA BANKS FAIL OPEN DOORS Lincoln, .Aug. 17, Nebraska state banks today failed to open their doors for business and both Governor Charles W. Bryan and E. H. Luikart, secretary of the State Department of Trade and Commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately 000. The banks are the First State bank of Pleasant Dale; the Dwight State bank of Dwight; the Brainard State Bank of Brainard; the Bruno State bank of Bruno; the Butler State bank of David City, and the Leigh State bank of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all of the depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State had greater chance of sharing equally in the banks' funds. They said the Leigh Sate bank had it reserve funds deposited in the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State bank of Omaha which also closed last week. OFFICERS, DEPOSITS: Officers and deposits of the six suspended banks as announced by the governor: First State of Pleasant Dale, deposits about $140,000; F. Horacek, president; L. A. Horacek, cashier. Dwight State bank, deposits about $180,000; J. Novak, president; G. J. Tomes, cashier. Brainard State bank, deposits about $280,000; C. J. Davis, president; Fred C. Sennin, vice president; J. A. Proskovec, cashier. Bruno State bank, deposits about $140,000; Rohn, presiTomek, vice president; A. V. Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, cashier. Leigh State bank, deposits about $200,000; F. Vlach, president; W. A. Vlach, acting vice president; E. M. Nelson, cashier.

6. August 17, 1931 The Stockman's Journal Omaha, NE
Article from The Stockman's Journal, August 17, 1931

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Six State Banks In Nebraska Close Doors Lincoln, Neb., August 17 banks, estimated $1,120,000 voluntarily their doors today. The closures, to Charles W. who for the State "direct result of the Omaha. Union State Bank of Closed today were the following state banking State Bank, Pleasantdale; State Dwight: BrainBrainard; Bruno State Bank, Butler County Bank, David City; Leigh State Bank,

7. August 18, 1931 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, August 18, 1931

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STATE BANKS FAIL WITH UNION Six Small Banks in Bohe. mian Communities Are Closed as Direct Result. Governor Bryan announced that small state banks morning result the closing of the State Bank of Omaha." Horacek the Union State Omaha. The banks closed Monday were: First State bank, Pleasantdale. Dwight State bank, Dwight. Brainard State bank. Brainard. Bruno State bank, Bruno. Butler State bank. David City. State bank Leigh. The that the officers financial structure these banks are follows: State deposits deposits vice president

8. August 18, 1931 The San Bernardino County Sun San Bernardino, CA
Article from The San Bernardino County Sun, August 18, 1931

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Six Small Nebraska State Banks Closed Associated Press) Six small Nebraska state banks failed open today Governor Charles Bryan and E. H. Luikart retary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits approximately 180,000 They the First State bank of PleasDale the Dwight State bank Dwight the Brainard State bank Brainard Bruno State bank Bruno. the Butler County bank of Davis City, and the Leigh State bank of Leigh.

9. August 18, 1931 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, August 18, 1931

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Toledo Houses to Lend Funds to Workmen Continued from First Page. ly long lines of depositors were reported at the First National, the West Toledo National Bank, the Spitzer-Rorick Trust and Savings and the Morris Plan and Industrial banks, two special plan banks. Caring for Poor. The Point Place Bank reported late this afternoon that they were closing for the protection their depositors, and that it could on its loans, practically all of were made after the period of Plans for caring for needy temporarily impoverished by the closing of the banks will be discussed meeting tomorrow of the Citizens recently by Mayor William T Jackson to study the city's and poor relief problem The decision to hold the special meeting was reached Mayor Jackson today. It was pointed out that the closing of the banks. with its resultant slowing up of tax pay. ments. will interfere with the city power to issue bonds to finance poor relief. Nebraska Banks Close. By Associated Press. LINCOLN, NEB., August 17 small Nebraska state banks failed to open for today. Gov. Charles W. Bryan and E. H. Luikart, secretary of the State Department of Trade and Commerce. said the closing were the result of recent bank suspensions in Omaha. The six banks had total deposits of approxi They were the First State Bank of Pleasant Dale, the Dwight State Bank of Dwight, the Brainard State Bank of Brainard, the Bruno State Bank of Bruno, the County Bank of Davis City and the Leigh State Bank of Leigh. Bank of England and the United States Federal Reserve System by which the latter came to the support of the pound later. This took place by low interest rates in New York and later by the Federal Reserve itself tak ing half of the $250,000,000 short term granted the Bank England the Federal Reserve and the Bank of France The Federal Reserve also came to the aid of Austria, Hungary and Germany with short term credits, thus assisting British flnancing in hard -pressed Central Europe. Cannot Repay $250,000,000. It is obvious that the Bank of England not be able to repay the $250,000,000 then it due without endangering the stability of the pound. Hence, Mr. Norman's new task is to obtain co-oper ation in long-term loan for Great Britain. This would enable Great Britain to reimburse the short term loan and also would enable conversion in London of the huge per cent war loan to per cent basis, resulting in saving of interest and lightening Chancellor of the Exchequor Philip Snowden's budget. and make unnecessary taxation of fixed income securities, which British financial fear the MacDonald Government has in mind. Such taxation would cause flight of capital away from the pound and the British credit borrower.

10. August 18, 1931 Star-Herald Scottsbluff, NE
Article from Star-Herald, August 18, 1931

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SMALL BANKS FAIL TO OPEN MONDAY Pleasant Dale, Dwight, Brainard, Bruno, David City and Lincoln, Aug. 17. small Nebraska banks failed open for business today Gov. Charles W. Bryan and E. Luikart. secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of approximately $1,180,000. They were the First State Bank of Pleasant Dale: the Dwight State Bank of Dwight, the Brainard State Bank of Brainard: the Bruno State Bank of Bruno: Butler County bank of David City, and the Leigh State Bank of Leigh. Omaha Closings Cause Others Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the banks bunds. They said the Leigh State bank had its reserve funds deposited in the South Omaha State bank, which closlast week and that the other five banks that funds on deposit with the Union State Bank of Omaha, which also closed last week.

11. August 23, 1931 Omaha Sunday Bee-News Omaha, NE
Article from Omaha Sunday Bee-News, August 23, 1931

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HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.

12. August 23, 1931 Omaha World-Herald Omaha, NE
Article from Omaha World-Herald, August 23, 1931

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Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.

13. August 25, 1931 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, August 25, 1931

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VETERINARIAN Given to Sick Serum Man but Death Comes Frank Lynch, Suvverkruble, veterinary living near Neb., dead of anthrax. Dorsey, had been given serum but He his condition was very serious from the start. He sick for five days. CLOSED BANK RECEIVERS ARE CHOSEN BY BRYAN Lincoln, Special: Gov. Bryan announced appointment following receivers recently failed state banks:! H. Reif. Bloomfield, Liegh State bank, Leigh: Brozek, Chadron, Bruno State bank, Bruno, and Bank Brainard, Hall, Lincoln, State bank Omaha; Barak, South Omaha State bank; Haase, Norfolk, Farmers Merchants, M. Whalen, Lincoln. First state bank, PleasantButler county state David City: E. Schuyler, Dwight State bank, Dwight: Lad, Lincoln, state examiner in charge of Union bank, Omaha. Secretary Luikart of the 5ment of trade and commerce, receiver all failed state banks and appointees serve his assistants. Gov. Bryan said was the policy of the department trade commerce to use the most efficient on the staff rather than to make political appointments. FLORIDAN ORDERS COYOTES FROM NEBRASKA RESIDENT paper publicity does pay, in the opinion of Edward Winkler. man residing Verno Beach, Fla., dered two baby coyotes from him after reading of coyote captures. According trouble should be experienced in filling the order. TIN CAN POISONING IS FATAL TO SEVERAL PIGS Emmett, D. H. Bennett O'Neill diagnosed affliction that killed several pigs the Guy Beckwith ranch tin poisoning. Buttermilk had been allowed stand several days. Acid forming the milk thought to have corroded the tin.

14. September 17, 1931 The People's Banner David City, NE
Article from The People's Banner, September 17, 1931

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COUNTY EXCHANGES Rising City Independent The Morgan children were all home over the week end and a delightful family reunion was enjoyed in the parental home. On Wednesday evening the Rising City band played their last concert for the year. The boys have been very faithful during the summer and have entertained hundreds of people at their Wednesday evening programs, who will recall with pleasure the evenings spent in listening to the splendid music. Rising City boasts of having a progressive town board, who watches for and makes needed improvements as finances will allow. At the last meeting they decided to grade and gravel the street to the school house, which will be one of the best and most needed improvements that could be made. Mr. and Mrs. Chas. Babb, Dick and Doyle and Max Shrader were Columbus visitors Sunday. While there they were guests of Charles Miller for an airplane ride. The three boys "got a thrill" they will not forget for a long time. What could boys enjoy more than a trip in the air? Brainard Clipper While Mr. and Mrs. Rudolph Osmera were at a party in Brainard Monday evening, someone stole about fifty of their silver lace Wyandotte chickens. John Piitz threshed the crop of alfalfa seed, Tuesday, which his brother-in-law Anton Schmitz, had harvested from about 3½ acres. He tells us that the seed was excellent quality and the yield 38 bushels, or 11 bushels per acre. With the price about $10 per bushel this patch of alfalfa will net Anton a nice piece of money. Joe Pekarek was rather skeptical of Andrew Behne's claim to a stalk of corn with six ears thereon and when Andrew took him out to prove it they discovered one that had ten ears on it. The ears, however, are about like the extra legs usually found on freak many-legged animals most of them being merely a start of an ear with a small cob and a little silk. John Kugler Jr. returned home Tuesday evening after nine months service in Uncle Sam's army, during which time he was stationed at Ft. Logan, Colo., and in the Hawaiian Islands. John says he has had enough army life to satisfy him for time. Considerable effort has been put forth by the former officers and directors of the Brainard State Bank and other persons interested in the re-organization of that institution and we are reliably informed that the prospects are quite promising. The re-opening of the Union State Bank of Omaha seems to be practically assured, anl its opening would release the money which our local has on deposit there and materially assist with re-organization. Bellwood Gazette Miss Mabel Graves, daughter of Mr. and Mrs. Virgil Graves, was united in marriage to Mr. Joseph Keller at Schuyler, on Wednesday. Mrs. J. Carpenter who has been seriously ill since being removed last Thursday to the home- of "her daughter, Mrs. Cecil Hall, is reported now slowly improving. Miss Gussie Kircher, who has been spending the summer with her broter, Joe Kirchner and family at Alliance returned home Monday. She also visited her sister, Mrs. A. Janicek, and family at Kimball. The Dist. 13 L. F. B. club ladies treated their husbands and families to a pienic at Pawnee park last Sunday. A general pienic dinner was served at noon to which all did full justice. The afternoon was pleasantly spent in visiting. All but three families were present.

15. June 2, 1932 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, June 2, 1932

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POISON BRAN REQUIREMENT State to Require Adherence to Standard Formula. D. F. Felton, deputy secretary of agriculture, announced Wednesday the state would require producers of a poison bran mixture for combatting grasshoppers to adhere rigidly to the formula prescribed by the department. Felton said it was necessary to abide by uniform formula if the state expects to attain maximum results in its second year's cam paign against the insects. He ex pected little difficulty, he said, in enforcing the order. The ingredients demanded by the state are: Flaked wheat bran, free of shorts, 100 pounds; arsenic, crude or white, containing 98 percent arsenic trioxide, 5 pounds: black-strap molasses, cane, two gallons The state also will require that the arsenic shall be mixed with the dry bran, the molasses added hot, and all ingredients mixed thoroly before sacking Felton said the following substitutes would not be tolerated. sodium arsenate, black arsenic cattle molasses from beet sugar factories; peanut hulls, mill sweep ings or other bran substitutes. This mixture, Felton said, also has the approval of the entomologists of the state university. bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers C. Ruigh, president: William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent $99,679 to depositors of the Merchants State bank of Winside, being first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first/ payment.

16. June 18, 1932 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, June 18, 1932

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FEDERAL COURT NEW CASES In re Jacob Horacek of Brainard, Luikart recvr Brainard St Bk allege creditors of $6377.75 & asks for invol pet in bankruptcy, W A Crossland, J J Thomas In re Eric J Erickson merchant of Wahoo, vol pet in bankruptcy, assets $7587 but $650 exempt, debts $8696.17 ord adj, Hendricks & Kokjer Prudential Ins Co V Frank H Kreifels et al mtg foreclosure on land in Otoe Co, Perry, Van. Pelt & Marti, Q Joyner In re Edw Kulla of Lincoln, vol pet in bankruptcy, assets $100 and all exempt, debts $696.51 ord adj, Lloyd E Chapman In Jones Mtr Co of Talmage same, assets $3651.08, debts $2,814.73 ord adj, Mueller & West In re Clarence E Wilson mgr Red Feather Stamp Co Lincoln vol pet in bankruptcy, assets $876.98 & all claimed exempt; debts $2392.30, ord adj, Wm Niklaus, J E Mockett In re Delorma M Douthett Lincoln Contin Nat Bk & Edw J Offer pet for invol bankruptcy, Beghtol & Foe, J Lee Rankin, Frederick J Patz Della J Tait V U S A ins benefits $8895.25, M M Schmidt-affi & ord to file pov affi In re General Automotive Co, garage & machine shop of Lincoln vol pet in bankruptcy, schedules not filed, ord adj, John Jacobson