Walthill National Bank (Walthill, NE)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
July 20, 1931
Location
Walthill, Nebraska (42.148, -96.488)
Bank Type
national
Charter Number
9816

Metadata

Receivership Details

Depositor recovery rate
64.6%
Date receivership started
1931-07-20
Date receivership terminated
1936-09-25
Share of assets assessed as good
41.2%
Share of assets assessed as doubtful
44.1%
Share of assets assessed as worthless
14.7%

Notes

Use known receivership date (1931-07-20); articles show receiver handling liquidation and later dividend payments.

Events (4)

1. July 19, 1910 Chartered
Source
historical_nic
2. July 20, 1931 Receivership
Newspaper Excerpt
the Hartington National Bank HartingWalthill National Bank National Bank Plainview... assigned receiver for total banks Nebraska during the past ten and present time directing the liquidation nine Nebraska banks in addition to his new charge here.
Source
newspapers
3. July 20, 1931 Receivership
Source
historical_nic
4. May 12, 1932 Other
Newspaper Excerpt
A dividend of 35% is now being paid to all claimants who have proven claims against the Walthill National Bank. The Receiver in charge wishes that all claimants would call promptly for their checks.
Source
newspapers

Newspaper Articles (2)

Article Text

Thursday; To Payment

Oct. George B.Cronkleton receiver First National Bank Hast. Ings, Neb., Comptroller Currency Cronkleton has handled sevreceiverships NebrasHe in the state now and report immediately Hastings.

Immediately after receipt here news comptroller's lection, the Tribune obtained long distance Interview with Cronkleton after locating him Coleridge, learned that the receiver, who expects arrive here Thursday evening and assume active charge First National Bank Friday morning, has had long experience liquidation. Served 20 Posts. He assigned receivfor total banks Nebraska during the past ten and present time direct ing the liquidation nine Nebrasbanks addition to his new charge here. The banks which he Hquidating include First tional Bank Coleridge, the Hartington National Bank HartingWalthill National Bank National Bank Plainview, the Laurel National Bank Laurel, the Farmers National Bank Wakefield, First National Bank of Humphrey, Saunders County Bank Wahoo, First NationBank Elgin. Mr. Cronkleton declared that, though continue the direction the liquidation of the nine other banks, move headquarters Hastings, the First National here being the largest the group. He declared that he now has several assistants working with intimated that more may be secured. how rapidly the Hastings may progress, Mr. Cronkleton course, unmake statement, being necessary he first quaint himself with the conditions the To Work Rapidly. may, however,' assert"assure the people Hastings an earnest effort proceed with work there rapidly efficiently complished, and dividend be forthcoming depositors' there will warrant," he told the Tribune. Prior his first appointment bank years ago, Mr. Cronkleton resided Bayard, Neb., where cashier present First National Bank of that city.


Article Text

Walthill National

PAYING DIVIDENDS,

A dividend of 35% is now being paid to all claimants who have proven claims against the Walthill National Bank. The Receiver in charge wishes that all claimants would call promptly for their checks. (This will be a considerable help to the community due to the fact that it is releasing approx imately $18000.00 in cash to be distributed among depositors.