Central City National Bank (Central City, NE)

Episode Information

Episode UID
838501599
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
83850 national
Charter Number
8385
Start Date
March 1, 1933*
Location
Central City, Nebraska (41.116, -98.002)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7be40789bbf06b10

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-11-01
Date receivership terminated
1937-07-31
Share of assets assessed as good
72.9%
Share of assets assessed as doubtful
26.4%
Share of assets assessed as worthless
0.7%

Events (5)

1. October 2, 1906 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed during the March 1933 presidential/state banking holiday by federal order
Newspaper Excerpt
closed by presidential order in March
Source
newspapers
3. November 1, 1933 Receivership
Source
historical_nic
4. November 9, 1933 Receivership
Newspaper Excerpt
Hall of Greenwood ... was assigned November receiver and came Saturday of last week. The institution will be formally turned over to Hall by Conserv Carns, under whose rection been collecting and operating with restrictions.
Source
newspapers
5. November 14, 1933 Other
Newspaper Excerpt
$16,084,000 restored ... two banks ... declared insolvent and receivers appointed ... the Central City National Bank of Central City, Nebr., with $98,000 in deposits
Source
newspapers

Newspaper Articles (5)

Article from The Banner-Press, March 30, 1933

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Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt


Article from Central City Nonpareil, November 9, 1933

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Article Text

BANK RECEIVERSHIP COMES AS SUPRISE Central City National Will Be Closed Out by Hall of Greenwood, Nebr. Despite general local belief in early of the CenCity National bank, closed by presidential order in March, the federal government ordered early this month. Hall of Greenwood, former president the Nebraska Bankassociation, was assigned vember receiver, and came Saturday of last week. The stitution will be formally turned over to Hall by ConservCarns, under whose rection been collecting and operating with restrictions. Local hopes were raised some weeks ago when an Associated Press dispatch named the Central City National one four insti-


Article from Evening Star, November 14, 1933

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Article Text

$16,084,000 RESTORED IN BANK REOPENING Thirteen National Institutions Red ported Again in Operation This Month. By the Associated Press. The opening of 13 national banks during the first 10 days of November was announced by J. F. T. O'Connor yesterday to have restored $16,084,000 in deposits. During the same period, six national banks had their reorganization plans approved by the Treasury, involving $2,825,000 in deposits. The controller reported that two banks with approved reorganization plans have been declared insolvent and receivers appointed. These were the Jefferson County National Bank of Brookville, Pa., with $1,507,000 of deposits, and the Central City National Bank of Central City, Nebr., with $98,000 in deposits.


Article from The Cincinnati Enquirer, November 14, 1933

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Article Text

REPAYMENTS Greater Than Loans. R. Reports Operations For Third Quarter. Closed Banks Get $122,500,000 Of Since Formation 2.6 Billions. Washington, November Reconstruction Corporation received more money repayments during the last three months than loaned to aid business and agriculture. summary of the corporation's report for the third quarter, ended September 30, disclosed today that it had disbursed and recelved repayments totaling $238, 186,400. that corporation had nearly half million dollars less outstanding than on June 30. From the time of its formation. 1932, the corporation has disbursed out authorizations totaling During third quarter corporation loaned banks and trust companies which assist reorganization or of closed banks. Loans Are Iltemized. Loans to building and loan associations insurance unions, $10,000; loan $20,663,842; joint stock land banks, credit corporations, $470,520; rediscounts for gional agricultural credit corporations, $30,015,863; Federal land banks, $5,000,000; credit corporations, $400,000, and railroads, Under the 1932 Emergency Relief Act, 19 loans aggregating under another section $53,880,543 loaned for nancial sales agricultural surpluses foreign markets and finance orderly marketing of agricultural commodities and stock. Advances banks on preferred stock during quarter totaled and subscriptions for preferred stock banks and trust companies, $19,337,500. The corporaalso purchased $500,000 of bank debentures. Cotton Loan Listed. In connection with the preferred stock purchases, was that since September 30 many millions dollars stocks and debentures either have been their purchase During the quarter Secretary Agriculture allowed $3,500,000 with which purchase cotton. The opening National Banks during first 10 days of Novemwas announced O'Connor have restored $16,084,in deposits. During same period six National Banks had their reorganization plans approved the Treasury, involving $2,825,000 in deposits. Comptroller reported that two banks reorganization plans been declared insolvent and appointed These the County Brookville, with deposits, and the City Bank of Central City, Neb., with $98,000 in deposits.


Article from The Lincoln Star, July 12, 1934

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Article Text

PHIL HALL OUT CONGRESS Post As Federal Bank Receiver Prevents Candidacy. Phil Hall, former Greenwood banker and receiver for the Central City National bank, Thursday withfor the demodistrict federal bared his canddiacy Hall said letter to Seretary of State Swanson The comptroller the Washington recently issued that employes that federal cannot public Hall explained. for the nomination the second definitely withdrew from that race Thursday after keeping weeks tactics He closed the candidacy letter to the secretary state Bartling ticket. former who Thursday that close the voting