Creighton National Bank (Creighton, NE)

View Charter #8797 on SPMC View balance sheet

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
December 19, 1931
Location
Creighton, Nebraska (42.467, -97.906)
Bank Type
national
Charter Number
8797

Metadata

Episode ID
Bank ID
City ID
310828452
Model
gpt-5-mini
Short Digest

Response Measures

Fed/other loan, Full suspension, Books examined

Other: Bank was placed in receivership and moved toward liquidation (receiver to be appointed by the comptroller); RFC made a small loan to the institution while in receivership.

Receivership Details

Depositor recovery rate
45.0%
Date receivership started
1932-01-09
Date receivership terminated
1938-01-31
Share of assets assessed as good
21.4%
Share of assets assessed as doubtful
70.8%
Share of assets assessed as worthless
7.8%

Notes

Suspension date inferred from article phrase closed last Saturday (paper dated 1931-12-24).

Events (5)
1. July 15, 1907 Chartered
Source
historical_nic
2. December 19, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals from the reserve fund depleted liquidity, prompting action.
Measures
Board adopted resolution to close and suspend payments; national bank examiner P.T. Henninger placed in charge.
Newspaper Excerpt
Withdrawals from the reserve fund were said to necessitate the closing of the institution according to a statement made by the president, G. A. Wright.
Source
newspapers
3. December 19, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension ordered after heavy withdrawals depleted reserves; board resolution to close for protection of depositors.
Newspaper Excerpt
The Creighton National Bank suspended payment to depositors and closed its doors last Saturday morning ... It was deemed advisable by the Board of Directors, who adopted a resolution to close the institution for protection of depositors.
Source
newspapers
4. January 9, 1932 Receivership
Newspaper Excerpt
P.T. Henninger, national bank examiner, is in charge. It is expected a receiver will be appointed in a very short time by the comptroller of the currency ... (subsequent articles identify the bank as 'Creighton National bank (receiver)')
Source
newspapers
5. January 9, 1932 Receivership
Source
historical_nic

Newspaper Articles (10)
1. December 24, 1931 The Plainview News Plainview, NE

Article Text

CREIGHTON NATIONAL BANK CLOSED SATURDAY The Creighton National Bank suspended payment to depositors and closed its doors last Saturday morning after having been in continuous operation in Creighton for over a quarter of a century. It was deemed advisable by the Board of Directors, who adopted a resolution to close the institution for protection of depositors. Withdrawals from the reserve fund were said to necessitate the closing of the institution according to a statement made by the president, G. A. Wright. P.T. Henninger, national bank examiner, is in charge. It is expected a receiver will be appointed in a very short time by the comptroller of the currency at Washington, D. C., to expediate liquidation of assets and release dividends to dépositors as quickly as possible. The institution was the oldest in Knox county.-Creighton News. Filings Fred G. Johnson of Hastings has filed for the republican nomination as congressman from the new Fourth district. Johnson represented the old fifth district in Washington several years ago. His district now comprises 25 counties instead of 18 as heretofore. J. H. Hutchings, democrat of Falls City, has filed for railway commissioner. Wm. W. Hughes, republican of Lincoln, is candidate for the nomination for secretary of state.

2. April 27, 1932 Osmond Republican Osmond, NE

Article Text

Neighborhood News After a short illness, Mrs. Rachael Bodsen of Plainview passed away at the home of her daughter at the age of 96. The sale of collateral liberty bonds deposited by the new defunct Creighton National Bank of Knox county deposits netted $22,589.55 Of this amount there was due Knox county $20,396.99 and the balance was turned over to the bank receiver. An unusual rush for free beds at the police station at Norfolk resulted one day last week when rain forced the "sleepers" to seek indoor shelter for a night. Thirty persons asked free lodging from the city during one night, this being a larger number than has appeared there at any time even during the winter. Funeral services were held at Spencer, Nebr., for Fred Ellermeier, 60year-old farmer, who was dragged to death beneath a disc with which he had been working on his farm. It was believed he met death when a team of mules, with which he was working, ran away, throwing him beneath the disc. Fifteen cousins shared equally in the estate of August Moeller, recluse bachelor found dead last November at the shack on his untilled farm near Wayne. Proceeds from the 200 acre farm gave each cousin about $500. A number of fictitious claims against the estate were refused payment by the court. They tell us that a beggar recently stopped at a business place in Bloomfield and asked for help. He was pretty badly crippled-had lost one arm, one leg, and one eye; said he was born and raised in this county at Creighton. The Bloomfield man gave him a $5.00 bill, saying as he did 80: "You needn't thank me; you're the first Creighton guy I ever saw that was trimmed up to suit me-and I'm willing to pay for the entertainment."

3. October 22, 1932 Norfolk Daily News Norfolk, NE

Article Text

STATES RECEIVE $18,523,502 FOR ANNOUNCED Washington, Oct. corporation shown today its report to have loaned during September. South Trimble, clerk of the house made the public. The corporation authorized 691 loans increases loans banks, trust insurance companies and building and associations. Loans states for relief poses and loans for projects the An advance 000 authorized Sun Maid raisin growers California. addition. Atlee Pomerene, chairman the board. said Trimble that during the month the corporation allocated the secretary of agriculture production loans allocations for purpose been paid Pomerene wrote that loans thorized and trust panies amounted September, which included aid the liquidation closed banks. Loans authorized building and insurance companies mortgage loan companies joint stock land banks $576,000; agriculcredit corporations livestock credit corporations and railroads 541, including $473,341 railroad receivers. Loans authorized during Septem banks trust companies, "exclusive withdrawn cancelled" during the month, listed to include the follow Nebraska: Bassett Commercial bank Callaway, Farmers State bank Carroll, Carroll State bank Carroll, Carroll State Chappell, State bank Clarkson, Farmers State bank Creighton, Creighton National bank (receiver) Curtis, Security State bank, State bank Eagle, Bank Eagle, $5,300; Garland, GermanState Homer, State Howe, Bank Howe $3,300; Kenesaw, First State bank Murdock, Bank State bank Rogers, Bank Rogers House Folda Scotia, Bank of Union, Bank Union Winside, Citizens State bank Wausa, Commercial State bank $8,000. Loans authorized during Septem mortgage loan companies: Lincoln Fremont Joint Stock Land bank of Fremont, Lincoln, the Lincoln Joint Stock Land bank, Carrico place-kicked the point. Norfolk kicked but Stanton couldn't anywhere. penalty setting them back yards Atwood spilling ton two more Carrico turned Stanton's punt yards and then added more the first Wilson and Arnold combined for first down. Carrico plunged remaining three another touchdown again place-kicked for point. Aided by excellent Arnold the ball almost length the field for the final scamper the fullback which sent him thirty yards right through the middle. the line doing brilliant yard scored the touchdown but the kick failed. until after all of this happened that Stanton able register first down. passes gained one first down, Oh lund and Clocker plunged other and given third first down when the officials ruled complete for interference Pass Intercepted The rally nullified, when visiting back passed Carrico turned the ball his Norfolk punted shortly thereafter Atwood the ball for the Panthers but the game ended before anything further could done about Norfolk tallied fifteen first three Stanton gained 307 yards from scrimmage to thirthe visitors. The Panthers tried few passes completed of those they try. The first was for gain and the second the the game, the Carrico, and looked the best among the eight backs that Panek used Thaler, Behmer and wood frequently broke through smear Stanton plays before they could get started. The entire line there fighting during the last half the boys were pushfor Stanton most the first quarters. Wegner Clocker showed advantage Stanton. Two Bands on Hand crowd game both Norfolk and Stanton bands helped enliven the proceedings. The Panthers enter league competition WednesColumbus

4. October 22, 1932 Lincoln Journal Star Lincoln, NE

Article Text

R. F. C. LOANED LARGE SUMS IN SEPTEMBER (Continued from Page 1.) ing orderly marketing of agricultural surpluses, the corporation advanced $1,500,000 to the Sun Maid Raisin Co., of California. To the secretary of agriculture was allocated $2,500,000 for agricultural aid, raising the aggregate allocation for the purpose to $100,000,000 of which $75,000,000 had been paid over to the secretary as of Sept. 30. Loans authorized during the month included: Joint stock land banks: Nebraska: Fremont Joint Stock Land bank of Fremont, $100,000; Lincoln Joint Stock Land bank, $216,000. WASHINGTON. (AP). Loans authorized by the Reconstruction Finance corporation during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month, were listed to include the following: Nebraska: Bassett Commercial bank, $15,000; Callaway, Farmers State bank, $8,000; Carroll, Carroll State bank, $9,786; Carroll, Carroll State bank, $10,000; Chappell, Chappell State bank, $18,000; Clarkson, Farmers State bank, $14,000; Creighton, Creighton National bank (receiver), $7,000; Curtis, Security State bank, $3,000; Davey, Farmers State bank, $4,635; Eagle, Bank of Eagle, $5,300; Garland, Germantown State bank, $5,840; Homer, Security State bank, $9,500; Howe, Bank of Howe, $3,300; Kenesaw, First State bank, $5,300; Murdock, Bank of Murdock, $10,020; Primrose, Farmers State bank, $8,000; Rogers, Bank of Rogers, $7,610; Schuyler, Banking House of F. Folda, $16,000; Scotia, Bank of Scotia, $7,500; Union, Bank of Union, $8,428; Winside, Citizens State bank, $13,700; Wausa, Commercial State bank, $8,000.

5. October 23, 1932 Beatrice Daily Sun Beatrice, NE

Article Text

RECONSTRUCTION CORPORATION LOANS TO NEBRASKA BANKS WASHINGTON, Oct. 22. (P)The Reconstruction corporation was shown today in its report to congress to have loaned $177,346,000 during September South Trimble, clerk of the house of representatives, made the report public. The corporation authorized 691 loans aggregating $59,155,319, and increases of previous loans totalling $5,062,18 for total of $64,217,500 to banks, trust and insurance companies and building and loan associations. Loans to states for relief purposes aggregated $18,523,502. and loans for self liquidating projects were authorized to the amount of $53,105,000. An of $1,500,000 was authorized to the sun maid raisin growers of California. For Crop Loans In addition Atlee Pomerene, chairman of the board, said in letter to Trimble that during the month the corporation allocated $2,500,000 to the secretary of agriculture fofr crop production loans, bringing the total allocations for that purpose to $110,000,000 Of this $75,000,000 had been paid over as of September 30 Pomerene wrote that loans authorized to bank and trust companies amounted to $28,981 in September, which included $4.433,359 to aid in the reorganization or liquidation of closed banks Loans authorized to building and loan associations amounted to $7,233,258 to insurance compantes $3,370,000 to mortgage loan companies $960,000: to joint stcok land banks $576,000; to agricultural credit corporations $702,129: to livestock credit corporations $1,101,198. and to railroads 1,193,541 corporations $1,101,198 and to railroads $21,293,541. including $473,341 to railroad receivers. Loans authorized during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month were listed to include the following In This State Nebraska Bassett, Commercial bank, $15,000; Callaway, F rs State bank, $8,000 Carroll, Carroll State bank 786; Carroll, Carroll State bank, $10,000; Chappell, Chappell State bank, $18,000; Clarkson, Farmers State bank. $14,000; Creighton, Creighton National bank (receiver), $7,000; Curtis, Security State bank, $3,000 Davey. Farmers State bank, $4,635 Eagle, Bank of Eagle, $5,300; Garland, Germantown State bank, $5,840 Homer, Security State bank, $9,500: Howe, Bank of Howe, $3,300; Kenesaw First State bank $5,300 Murdock, Bank of Murdock, $10,020: Primrose, Farmers State bank, $8,000; Rogers, Bank of Rogers, $7,610; Schuyler Banking house of F Folda, $16,000 Scotia, Bank of Scotia, $7,500 Union, bank of Union, $8,428 Winside Citizens State bank, $13,700 Wausa, Commercial State bank $8 000 Loans

6. October 24, 1932 The Grand Island Independent Grand Island, NE

Article Text

Totaling 46,000 Made Corporation Authorized 691 Aggregating 9,155,319 Oct. 24. (AP)—The Reconstruction Finance corporation was shown by its monthly report to congress to have authorized $177,346,000 during September. South Trimble, clerk of the house of representatives, made the report public. The corporation authorized 691 loans aggregating $59,155,319, and increased 10 previous loans totalling $5,062,181, a total of $64,217,500 to banks, trust and insurance companies and building and loan associations. To the states for relief purposes it authorized $8,523,502, and loans for self-liquidating projects were authorized to the amount of $53,105,000. An advance of $1,500,000 was authorized to the Sun-Maid Raisin Growers of California. Chairman Atlee Pomerene, chairman of the board, said in a letter to congress that during the month the corporation allocated $2,500,000 to the secretary of agriculture for crop production loans, bringing the total allocated for that purpose to $110,000,000. Loans authorized to building and loan associations amounted to $7,233,258; to insurance companies $3,370,000; to mortgage loan companies $960,000; to joint stock land banks $576,000; to agricultural credit corporations $702,129; to livestock credit corporations $1,101,198, and to railroads $21,293,541, including $473,341 to railroad receivers. Loans authorized during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month, were listed to include the following: Nebraska: Bassett Commercial bank $15,000; Callaway, Farmers State bank $8,000; Carroll, Carroll State bank $9,786; Carroll, Carroll State bank $10,000; Chappell, Chappell State bank $18,000; Clarkson, Farmers State bank $14,000; Creighton, Creighton National bank (receiver) $7,000; Curtis, Security State bank $3,000; Davey, Farmers State bank $4,635; Eagle, Bank of Eagle $5,300; Garland, Germantown State bank $5,840; Homer, Security State bank $9,500; Howe, Bank of Howe $3,300; Kenesaw, First State bank $5,300; Murdock, Bank of Murdock $10,020; Primrose, Farmers State bank $8,000; Rogers, Bank of Rogers $7,610; Schuyler, Banking House of F. Folda $16,000; Scotia, Bank of Scotia $7,500; Union, Bank of Union $8,428; Winside, Citizens State bank $13,700; Wausa, Commercial State bank $8,000. Loans authorized during September to mortgage loan companies: Nebraska: Lincoln Fremont Joint Stock Land bank of Fremont, $100,000; Lincoln, the Lincoln Joint Stock Land bank, $216,000.

7. October 26, 1932 Osmond Republican Osmond, NE

Article Text

FEDERAL FUNDS ARE LOANED SECTION The report now made public showing the loans made for the month of September out of the Reconstruction Finance Corporation Fund to Nebraska borrowers as follows: Bassett Commercial bank, $15,000; Callaway, Farmers State bank, $8,000; Carroll, Carroll State bank, $9,786; Chappell, Chappell State bank, $18,000; Clarkson, Farmers State bank, $14,000; Creighton, Creighton National bank (receiver), $7,000; Curtis, Security State bank, $3,000; Davey, Farmers State bank, $4,635; Eagle, Bank of Eagle, $5,300; Garland, Germantown State bank, 840;; Howe, Bank of Howe, $3,300; Kenesaw, First State bank, $5,300; Murdock,, Bank of Murdock, $10,020; Primrose, Farmers State bank, $8,000; Rogers, Bank of Rogers, $7610; Schuyler, Banking House of Folda, $16,000; Scotia, Bank of Scotia, $7,500; Union, Bank of Union, $8,428; Winside, Citizens State bank, Wausa, Commercial State bank, $8,000; Lincoln Fremont Joint Stock Land bank of Fremont, $100,000; Lincoln, the Lincoln Joint Stock Land bank, $216,000.

8. April 6, 1933 The Creighton News Creighton, NE

Article Text

LOCAL NEWS Father Windolph was in Pierce Tuesday between trains. Toilet Goods, Stationery, Candy, Puretest Drugs and remedies. Two for one plus one cent, at Manion's 1c sale. L. E. Swanson, Creighton National bank assistant receiver, is expected back today, Thursday, from St. Edward, where he has been several days looking after business matters. W. H. Blakeman, resident of Norfolk since 1893, died Wednesday last week at his home in Norfolk. He was identified with the Blakeman Transfer and Storage company of Norfolk, which firm ran a fleet of trucks in eastern Nebraska. Having bought the stock of monuments from the R. J. Jewell Estate, Plainview, Nebr., will close them out for fifty cents on the dollar. There are some very fine monuments in this stock. Come early and look them over.-Elmer L. Jewell, Plainview, Nebr. 9-12a A. W. "Butch" Marquardt led- the local golf devotees who braved Sunday's chilly winds. Play of the 1932 champ indicated he will be a hard man to dislodge from the throne this year. E. E. Jacobs, club manager this year, expects to have 1933 activities under way. shortly. Miss Gladys Hough, who is attending the Granada Beauty school at Norfolk was in charge of Mildred's Beauty Parlor last week during the absence of her sister, Mrs. O. G. Cromwell, who was in Omaha attending the Midwest Beauticians annual convention. Miss Gladys has practically finished her course of study in Beauty Culture, and is taking her final examinations this week.

9. December 21, 1933 The Creighton News Creighton, NE

Article Text

12-7-33 1-4-34 SHERIFF'S SALE By virtue of an order of sale issued by the Clerk of the District Court of Knox County, Nebraska, on decree of foreclosure wherein The Prudential Insurance Company of America of Newark, New Jersey, is Plaintiff, and Bruno Schick, Gertrude Schick, George G. Cronkelton, Receiver of Creighton National Bank, and John Doe, real and first name unknown, are Defendants, will sell at Public Auction to the highest bidder for cash at the front door of the Court House in Center, Knox County, Nebraska, on the 8th day of January, 1934, at one o'clock p. m., the following described lands and tenements to satisfy the decree and costs in said action, namely: The Southwest Quarter of Section Thirty-two, Township North, Range Five West of the Sixth P. M., in Knox County, Nebraska. Dated this 1st day of December, 1933. NORMAN BURNS, Sheriff. By RALPH L. EMMONS, Deputy. Sale No. 6659.

10. December 28, 1933 The Creighton News Creighton, NE

Article Text

12-28-33 12-21-33 1-11-34 TO the Heirs, Devisees, Personal resentatives, and All Persons Interested in the Estate of Max H. Rokahr, Deceased, and to the of Kin and All Persons Interested in the Person and Estate of Norma Jean Rokahr, Minor Under the Age of Fourteen Years. You hereby notified that December 18, 1933, Fritz Rokahr filed his petition in the County Court of Knox County, Nebraska, cause said Court entitled Matter of the Guardianship of Max H. Rokahr and Norma Jean Rokahr, Minors," being cause No. 2107, Court, alleging that Max H. Rokahr died June 11, 1928, that Conrad Rokahr died August 1932, that the ceeds of said estate were deposited in bank and on account of the failure thereof, there no funds due said minors over and above the amounts expended by Conrad Rokahr such guardian, and the prayer of said petition that any assignment or dividends of said funds by the bank receiver the bank be given Fritz Rokahr, Administrator of the estate of Conrad Rokahr, deceased, or that Fritz Rokahr be appointed Guardian of such minors. You will take notice by publishing copy of this order in the Creighton News, weeks, that said petition will be heard by the County Court of Knox County, Nebraska, January 12th, 1934, at the hour one o'clock in the afternoon, and that less you appear and show cause, an order of this Court will be made signing any balance due come due from the estates of Max H. Rokahr and Norma Jean Rokahr, either of them, to Fritz Rokahr, Administrator of the estate of Conrad Rokahr, deceased. ALLEN S. STINSON, (SEAL) County Judge. 12-7-33 1-4-34 SHERIFF'S SALE virtue of an order of sale issued by the Clerk the District Court of Knox County, Nebraska, decree of foreclosure wherein The Prudential Insurance Company of America of Newark, New Jersey, Plaintiff, and Bruno Schick, Gertrude Schick, George Cronkelton, Receiver Creighton National Bank, and John Doe, real and first name unknown, are Defendants, will sell Public Auction to the highest bidder for eash the front door of the Court House Center, Knox County, Nebraska, the 8th day of January, 1934, o'clock the following cribed lands and tenements to satisthe decree and costs in said tion, namely: The Southwest Quarter of Section Thirty-two, Township North, Range Five West of the Sixth M., in Knox County, Nebraska. Dated this 1st day of December, NORMAN BURNS, Sheriff. By RALPH EMMONS, Deputy. Sale The County Court of Knox County, Nebraska. In the Matter of the Estate of Anna Van Brocklin, deceased, NOTICE OF HEARING The creditors, heirs at law and persons interested in the estate of Anna Van Brocklin, deceased, are notified that Charles Fricke has filed his petition in this Court, praying for decree that said Anna Van Brocklin died intestate on about the 16th day of May, 1905, resident of Knox Nebraska, County, being the time of her death the owner of the following described real estate: An undivided interest in and to the Northwest Quarter of Section 32, Township 30 North, Range West of the 6th in Knox County, Nebraska, leaving her sole and only heirs law, the following named persons, to-wit: Clark Van Brocklin, her husband, Van Bula Van Brocklin, sometimes known Beulah Van Brocklin, daughter. That no application has been made in the State of Nebraska for the pointment of an administrator of said estate; that upon the death of said deceased, said real estate above described descended to the heirs at law above named, and that petitioner now the owner thereof by virtue of direct and mesne from conveyances said heirs at law and that there are debts against said estate. That petition will be heard the County in County, the 20th day of January, 1934, the hour of one o'clock M. of said day. Dated this 26th day of December, 1933. ALLEN STINSON, (SEAL) County Judge.