Walton State Bank (Walton, NE)

Episode Information

Episode Type
Suspension → Closure
Start Date
October 14, 1930
Location
Walton, Nebraska (40.799, -96.562)
Bank Type
state
Routing Number
76-1224

Metadata

Episode ID
Bank ID
City ID
310834466
Model
gpt-5-mini
Short Digest

Notes

Directors ordered liquidation in 1930; by 1934 a receiver had been appointed and filed a final report.

Events (2)
1. October 14, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to liquidate due to insufficient volume of business; agreed to pay depositors and cease receiving deposits or paying checks.
Newspaper Excerpt
the directors of the Walton State bank of Walton have decided to liquidate the bank... the bank will no longer receive deposits or pay checks.
Source
newspapers
2. June 11, 1934 Receivership
Newspaper Excerpt
the receiver of the abovenamed bank has filed his final report ... a hearing ... on the 11th day of June, 1934 ... E. H. LUIKART, Receiver of Walton State Bank, Walton, Nebraska.
Source
newspapers

Newspaper Articles (7)
1. October 14, 1930 The Columbus Telegram Columbus, NE
Article from The Columbus Telegram, October 14, 1930

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Article Text

BATTLE SUSPENDS

Lincoln. Oct. With posits half million dollars. the Battle Creek Valley bank. of Battle Creek, Neb. suspended operations today for more complete and thorough re-organization. George W. Woods, state bank At the same time. he announced that Walton State bank of Walton, with deposits of $47,000. was liquidated by order of its depositors. The depositors will be paid in full and order to effect an orderly liquidation. the bank will no longer receive deposits or checks. pay The Battle Creek bank suspendbusiness for few days several months ago and re-opened with new board directors and some additional Woods said. After operating few months the present management has discoverthat the condition of the bank as left by the former officers less than at first anticipated and the present suspension

2. October 14, 1930 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, October 14, 1930

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Article Text

STATE BANK LIQUIDATES

Walton State Pays All Depositors-Battle Creek Valley Closes.

On account of insufficient volume of business, the directors of the Walton State bank of Walton have decided to liquidate the bank, announced State Bank Commissioner George W. Woods, Tuesday. The directors have executed an agreement guaranteeing the payment of deposits in full, and in order to perfect an orderly liquidation the bank will no longer receive deposits or pay checks. The depositors will receive payments on their deposits direct. in accordance with the terms agreed upon by the directors and the depositors. Upon action of the new board of directors the Battle Creek Valley bank of Battle Creek, suspended operations Tuesday for a more complete and thoro reorganization, said Woods. Some months ago the bank suspended for few days and reopened for business with new board of directors and some additional stockholders. After operating a few months, the present management has that the condition of the bank as left by the former officers, is less satisfactory than was at first anticipated and the present suspension has been decided upon to enlist the help of the depositors in eliminating all slow and doubtful assets, the presence of which have been a handicap to the present management.

3. October 14, 1930 York News-Times York, NE
Article from York News-Times, October 14, 1930

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Article Text

BATTLE REORGANIZATION Complete and Thorough Re-Organization of Bank to Undertaken Once.

LINCOLN, Neb., Oct. With deposits of approximately half million dollars, the Battle Creek Valley bank, of Battle Creek Neb., suspended operations today for complete and thorough re-organization, George Woods, state bank commissioner, announced. At the same time, he announced that the Walton State bank, of Walton, with deposits of was liquidated by order of Its directors. The depositors will be paid in full and in order to effect an orderly quidation, the bank will no longer receive deposits or pay checks. The Battle Creek bank suspended business for few days several months ago and re-opened new board of directors and some ditional Woods said. After operating few months the present management has discovered the condition of the bank left the former officers is less satis factory than at first anticipated and the present suspension has been de cided upon to enlist the help of the depositors eliminating all slow and doubtful assets which are handicap to the present management, Woods declared.

4. October 15, 1930 Kearney Hub Kearney, NE
Article from Kearney Hub, October 15, 1930

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Article Text

CLOSE BANK AT VALLEY CREEK

Woods Also Announces Walton Bank Liquidation.

Lincoln, Neb., Oct. deposits half million dollars, the Battle Creek Valley bank, Battle Creek, Neb., suspended operations Tuesday Yor more complete and thorough reorganization, George W. Woods, state bank commissioner, announced. At the same time, he announced that the Walton State bank, of Walton, with deposits of was liquidated by order of Its depositors. The depositors will be paid in full and in order effect an orderly liquidation, the bank will no longer receive deposits pay checks. The Battle Creek bank suspended business for few days months ago and reopened with new board of directors some additional stockholders, Woods said. After operating few months the present management has discovered that the condition of the bank left by the former officers less satisfactory than at first anticipated and the suspension has been decided upon to enlist the help of the depositors in eliminating all slow and doubtful assets which to the present management, Woods clared.

5. October 15, 1930 Nebraska Daily News-Press Nebraska City, NE
Article from Nebraska Daily News-Press, October 15, 1930

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Article Text

Banks End Operations

Battle Creek House is Closed for Thorough Reorganization deposits of approximately half million dollars the Battle Creek Valley bank of Battle Creek, Neb., suspended operations Tuesday for more complete and thorough reorganization, George W. Woods, state bank commissioner announced. At the same time he announced that the Walton State bank of Walton, with deposits of was liquidated by order of its directors. The depositors will be paid in full and order to effect an orderly liquidation the bank will no longer receive deposits or pay checks. The Battle Creek bank suspended business for few days several months ago and reopened with new board of directors and some ditional stockholders, Woods said. After operating few months the present management discovered the condition of the bank was less satisfactory than at first anticipated and the present suspension was decided upon to enlist the help of positors in eliminating all slow and doubtful assets, which are handicap to the present management, Woods declared.

6. June 7, 1934 The Nebraska Beacon Lincoln, NE

Article Text

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NOTICE TO DEPOSITORS, STOCKHOLDERS, OFFICERS, D TORS AND CLAIMANTS OF THE WALTON STATE BANK, WALTON, NEBRASKA.

You. and each of you are hereby notified that the receiver of the abovenamed bank has filed his final report as receiver, and has made application to be discharged as receiver; that you are further notified that a hearing on said application for discharge of receiver will be had in chambers at the Court House in Lincoln, Lancaster Nebraska, on the 11th day of June, 1934, at the hour of eleven a. m., or as soon thereafter as said cause may be heard. Objections to the discharge of said receiver must be filed with the clerk of the district court of Lancaster County, Nebraska, on or before the time of hearing above-named. 11-2 E. H. LUIKART, Receiver of Walton State Bank, Walton, Nebraska.

7. June 7, 1934 Weeping Water Republican Weeping Water, NE

Article Text

of Nebraska, but of the entire country. For many years "Doc" Green has been interested in the beauty profession and during his business life he has given beauty culturists, individually and collectively, every help and assistance We Give Green Stamps he could render them. Now "Doc" Green needs the help of the beauty culturists. He is a Republican candidate for the office of Lieutenant-Governor of Nebraska. "Doc" Green will need the support of every friend, of every Value and Lower Prices! member of every beauty culturist's family on August 14th, when the primary elections are held The entire beauty profession should feel honored to know that one of its members is in line for the high office of Lieutenant-Governor of the State. As a group, the beauty culturists of Nebraska do not indulge in partisan politics. They do not base their activities along political lines. They are not or- ganized in that manner and that is as it should be. But at this time, the beauty culturists in Nebraska, knowing "Doc" Green as they do, are coming out almost solidly in his behalf. In this case, party lines to them mean not a thing. Political labels mean nothing. They are supporting "Doc" Green for his candidacy to the office of Lieutenant-Governor of Nebraska, becouse he's one of them. They know him, they have worked with him, he has worked for them. The beauty culturists of Nebraska know "Doc" Green as an honest, conscientious fighter in the cause for the right. They are supporting him because they know he is fitted for the office to which he aspires. He knows the beauty culturists' problems, he knows their needs and he, if any man can help them in their efforts to better the business conditions prevailing throughout the beauty field in Nebraska. His business experience, his great success in organization work, his ability to appreciate the problems of small business men and women and of the wage-earner, together with his political experience make him an outstanding candidate. Many groups outside the beauty field have already assured "Doc" Green of their support, but he is making a direct appeal for the support of all beauty culturists in order that his nomination and election may be assured. One thing is certain. It will certainly mean a great thing to the beauty profession to have one of their own occupying this high state office. His election means much to Nebraska beauticians, because his success will put him in line to give the hairdressers a great deal of help. As one prominent Nebraskan put it, "Doc" Green has always been with us. He helped us when we needed help. He always has been out for the welfare of the profession in Nebraska. Now it is our turn to help him. We are hoping that every beauty culturist in the entire state will work in his behalf. We hope that every operator and every shop owner will vote for "Doc" Green, that they will have every voting member of their families vote for him and that they will endeavor to have every customer vote for him in the primaries and after he wins in the primaries vote him into office on election day. The foregoing is an example of the way beauty culturists of the Cornhusker State feel about this outstanding personality and if their feelings are indicative of the general opinion (and we are sure they are), "Doc" Green will be the big winner on primary day, and on election day he will be named Lieutenant-Governor of Nebraska. If the beauty culturists of Nebraska have their way, "Doc" Green's plurality will exceed that of any candidate who ever aspired to that office.

NOTICE TO DEPOSITORS, STOCKHOLDERS, OFFICERS, CTORS AND CLAIMANTS OF THE WALTON STATE BANK, WALTON, NEBRASKA.

You, and each of you are hereby notified that the receiver of the abovenamed bank has filed his final report as receiver, and has made application to be discharged as receiver: that you are further notified that a hearing on said application for discharge of receiver will be had in chambers at the Court House in Lincoln, Lancaster County, Nebraska, on the 11th day of June, 1934, at the hour of eleven a. m., or as soon thereafter as said cause may be heard. Objections to the discharge of said receiver must be filed with the clerk of the district court of Lancaster County, Nebraska, on or before the time of hearing above-named. 11-2 E. H. LUIKART, Receiver of Walton State Bank, Walton, Nebraska.

IN THE COUNTY COURT OF CASS COUNTY, NEBRASKA. NOTICE OF FINAL SETTLEMENT To all persons interested in the estate of Martha J. Ronne, deceased. No. Take notice that the Administrator of said estate has filed his final report and a petition for examination and allowance of his administration accounts, determination of heirship, as-