First National Bank (Crofton, NE)

Article Text

HARTINGTON'S LAST BANK IS CLOSED

Hartington.-The First National of Hartington closed its doors last Thursday night after being in business for half a century lacking one year. A depleted cash reserve and withdrawal of deposits are given by officers as the reason for suspension. The bank might have continued to operate for a while longer, it is stated; but in order to protect their depositors, the board of directors decided to close. Failure of the local bank was no doubt hastened, if not precipitated by the closing of the First National of Crofton only two days before. There was quite a heavy run on the bank the previous day, it is reported.

Article Text

pond, he found the fish still the Proof the Elmo farm four northeast Hartington recently when bolt killed fine horses and stunned others and but failed ignite The lightning entered the barn through hay two that had with their during hour The two were killed two an adjoining stall stunned, was little that happened be the barn the time. pulled apart like paper folincident. of 2000, more without bank, First National Bank having closed doors just after being for nearly half century depleted reserve withdrawal of deposits are given officers the for pension. The tinued longtheir the board of decided Failure the bank no doubt hastened, closing the Crofton before. quite the bank the day, report-

Article Text

Hartington, County Sea: Now Without a Bank

Hartington people are stand. ing around on the street corners in little groups discussing the latest news. The news is un. pleasant and distressing an. other bank failure. The First National has closed its doors following, it is said, a heavy run The institution had made a heroic fight and the community hop., ed against hope that it might weather the economic storm, but it finally succumbed. The crash was no doubt hastened, if not OC. casioned, by the failure of the First National Bank of Crofton Failure of this bank creates an extraordinary situation. A county seat without a bank which formerly had three. In 1907 this community had three flourishing institutions— the Hartington National, the First National and the Farmers State. Later the First National and the Farmers State combined and still later the Cedar County State was organiz. ed. The first crash came in 1928 with the closing of the Hartington National, the Cedar County State failed in 1931 and now the last survivor has gone into the hands of the receiver.

Article Text

BANK RECEIVER DEAD

NORFOLK, Neb., Sept. Fred Burchmore, federal bank died here yesterday for the Norfolk National Bank and for the First National banks Tilden, Harting ton and Crofton, Neb.

Article Text

Nebraska News Notes.

Nebraska City, Neb., Sept. Violet Turnbaugh, 15, was near here yesterday afternoon when she stepped into deep hole the Missouri river. The girl had been wading with number compan Boats of Nebraska City Outboard Motor association races aided in searching for the body.

Norfolk, Neb., Sept. B. 59, federal bank receiver, died here yesterday. He receiver for the Norfolk National bank and the First National banks Tilden, Hartington Crofton, Neb.

Grand Island, Sept. Viola Knop, ended her life yesterday She believed dispondent over health.

Kennard, Neb., Sept. body Harry Japp, was found hanging from here Saturday ternoon. The youth had been missing from his home since Thursday was believed to have ended his life while over inability find steady employment.

Dalton, Neb., Sept. 5.-State and county officials are seeking identity of safe cracksmen blew open the post office safe here and made off in cash and equal sum stamps pool hall and blacksmith also were entered, presumably by the same marauders.

Article Text

ment bank receiver for the Norfolk National, and the First National banks at Tilden, Hartington and Crofton, Neb.

Besides Mrs. Sweeney, Mr. Burchmore is survived by his widow, Daisy V.; six sisters, Mrs. Rose Allen of Norfolk, Mrs. Sophie Rickman of Port Angelus, Wash.; Mrs. Emily Mansfield, Fort Sill, Okla., and Mrs. Elizabeth Lunquist, Mrs. Laura Hallquist and Mrs. Helen Sorenson, all of Omaha, and one brother, George, of Omaha.

The body will be brought to Crosby's mortuary here. Services will be Tuesday at 2 at the Masonic temple, in charge of Right Angle

Article Text

Fred Burchmore Dies

Norfolk, Neb., Sept. B. Burchmore, 59, federal bank receiver, died here yesterday. He was receiver for the Norfolk National bank and for the First National banks Tilden, Hartington and Crofton, Neb.

Article Text

New Receiver for National

Harald Nomland, new receiver the Norfolk National bank, arrived here late Wednesday and assumed new duties Thursday morning. Mr. Nomland succeeds the Frank Burchmore, who died suddenly short time ago, He will receiver for the First National bank of Tilden, the First National Crofton and the First National Hartington. experienced bank receivcoming here from Kearney where held that position for the City National bank. Prior to his service there Mr. Nomland bank receiver at Stockton and Phillipsburg, Kan. He married and has daughter years old. The family will move here once.

Article Text

TRANSFER BANK RECEIVER

KEARNEY. Sept. Nomland, receiver of the City National bank of Kearney, has been transferred to Norfolk, where he will be in charge of the Norfolk National bank and the First National banks at Hartington, Tilden and Crofton. Affairs of the City National are in the final stages of liquidation, and the final dividend, probably 2.8 per cent and amounting to approximately $50,000, probably will be ready in October. With the payment of this final dividend, the creditors will have received trifle 50 per cent of the total approved claims of $1,682,000.

Article Text

Holiday Committee Meet Bank Receivers

An Agreement Is Reached and MisUnderstandings Clear Up At Hartington

The Crofton Farmers Holiday com mittee which met, with officials in charge of the defunct First National Bank of Crofton, Monday afternoon at Hartington, report a very satisfactory meeting. The various misunderstandings were discussed, suits against borrowers were dropped for the present. Those who represented the farm er were Ames Thompson, Ray Kramer, Paul J. Kohles and E. J. Gobel. These reperesenting the bank interests were Herald Nomland, re ceiver; Otto Burkhardt, Alfonse "Tubby" Lammers, and Mr. Weod ward.

Mr. Nomland and the holiday com mittee stated Monday, that it was recently incorrectly stated in Sionx City papers that the First National Bank of Crofton had filed suits against 56 borrowers. According the committee this is false. There were 15 against whom pro ceedures were started, all these have been satisfactorily settled. The meeting was called by a spacial arrangement between the Hol iday committee and Mr. Nom nd

According to one newspaper cor respondent the new admini will use the war debts to bargain with for increased W rld trade All right, SO we don't for increased debts in return the shipment cel of goods from Europe.

Article Text

Knox County Receives $10,000 From Closed Bank

Edw. J. Lenger Receives Money Of The Crofton First National Bank

With a communication, dated Feb. ruary 24, received by Edw. J. Lenger, Knox county clerk, a draft for $10, 266.98 was received from bonds which secured Knox county deposits in the First National bank of Crofton.

The draft was received from G. H. Pipkin of the Kansas City Mo. Reserve bank who was instructed in the matter by Harald Nomland, bank receiver.

The amount represented the deposit amounting to $10 106. and interest on it. The par value of the bonds was $12,500. They were sold in order to pay the amount. This is the second payment made from the defunct bank. The other was around $5,000 received by the Crofton school board on school deposits.

Article Text

KNOX COUNTY RECEIVES $10,000 FROM CLOSED BANK

Edw. J. Lenger Receives Money Of The Crofton First National Bank

With a communication, dated Feb ruary 24, received by Edw. J. Lenger, Knox county clerk, a draft for $10,266.98 was received from bonds which secured Knox county deposits in the First National bank of Crofton. The draft received from G. H. Pipkin of the Kansas City, Mo., Re serve bank who was instructed in the matter by Harold Nomland, bank receiver. The amount represented the deposit amounting to $10,106.79 and interest on it. The par value of the bonds was $12,500. They were sold in order to pay the amount. This is the second payment made from the defunct bank. The other was around $5,000 received by the Crofton school board on school deposits.-Ex.

Article Text

Forrest Lear Is Named National Bank Receiver

Forrest Lear of Norfolk, present in bankruptcy for the Norfolk has been named receiver for the Norfolk National bank, also First National bank of Tilden and First tional bank of Crofton, succeeding Harold Nomland, who was appointed receiver following the death of Burchmore. understood that Mr. Lear will continue for the present as referee bankruptcy although he assumed the position receiver at the close of business Wednesday. John Wehr, clerk and field who has been manager, charge of the bank here will tinue his position is announced.