Newcastle State Bank (Newcastle, NE)

Episode Information

Episode UID
3743614791469
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
374361479 hash
Start Date
May 2, 1922
Location
Newcastle, Nebraska (42.651, -96.874)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9d1cacec80adaa90

Response Measures

None

Description

Receiver appointment (May 2, 1922) indicates the bank entered receivership and remains a closed receivership being liquidated.

Events (2)
1. May 2, 1922 Receivership
Newspaper Excerpt
Newcastle State bank, receiver appointed May 2, 1922
Source
newspapers
2. November 19, 1924 Other
Newspaper Excerpt
a refund will be made from these latter named banks as soon as the receiver or the guarantee fund commission obtains court orders authorizing these refunds.
Source
newspapers

Newspaper Articles (2)
1. November 19, 1924 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, November 19, 1924

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Article Text

REFUND TO STATE BANKS MORE THAN $238,000 GOES TO GUARANTY FUND. Each Bank to Receive Its Proportionate Share of Its Contribution to the Payment of Depositors. The state banking department, under K. C. Knudson, secretary, is figuring on refund checks to the guaranty fund from eight different receiverships, and a total amount of $238,716 will be mailed to all the state banks within a few days, each bank to receive its proportionate share of what it contributed to the guaranty fund which paid the deposits of these failed banks. A receiver for the Goodrich Bros. Banking company of Fairbury was appointed January 3, 1922, and will now refund 69 3-4 per cent from the total draft drawn on the depositors guaranty fund, which amounted to $50,035.28. This receivership is now being closed and this is the final refund from this receivership to the guaranty fund. A 10 per cent refund will be made from the Pioneer State bank of Omaha, for which a receiver was appointed June 6, 1921, and a draft upon the guaranty fund was made to the amount of $300,761.16. A previous refund of 20 per cent has been made to the banks from this receivership. This receivership is not closed and an additional refund will be made when all the assets are liquidated. A receiver for the State Bank of Waterloo was appointed July 26, 1922, and a draft to the amount of $69,251.53 was drawn upon the guaranty fund, and at this time a refund of 20 per cent will be made. The First State bank of Hemingford, receiver appointed September 19, 1922, and a draft on the guaranty fund was drawn to the amount of $205,380.88, and a refund of 15 per cent is now being made. The Homer State bank receiver was appointed February 17, 1922. The American State bank of Lincoln, receiver appointed July 16, 1921; Newcastle State bank, receiver appointed May 2, 1922; Shelton State bank, receiver appointed July 20, 1922, and a refund will be made from these latter named banks as soon as the receiver or the guarantee fund commission obtains court orders authorizing these refunds.

2. November 26, 1924 The Phonograph St. Paul, NE
Article from The Phonograph, November 26, 1924

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Article Text

BANKING DEPARTMENT MAKES GOOD SHOWING The state banking department, under K. C. Knudsen, secretary, is figuring on refund checks to the guaranty fund from eight different receiverships, and a total amount of $238,716 will be mailed to all the state banks within a few days, each bank to receive its proportionate share of what it contributed to the guaranty fund which paid the deposits of these failed banks. A receiver for the Goodrich Bros. Banking company of Fairbury was appointed January 3, 1922, and will now refund 69 3-4 per cent from the total draft drawn on the depositors guaranty fund, which amounted to $50,035.28. This receivership is now being closed and this is the final refund from receivership to the guaranty fund. A 10 per cent refund will be made from the Pioneer State Bank of Omaha, for which a receiver was appointed June 6, 1921, and a draft upon the guaranty fund was made to the amount of $300,716.16. A previous refund of 20 per cent has been made to the banks from this receivership. This receivership is not closed and an additional refund will be made when all the assests are liquidated. A receiver for the State Bank of Waterloo was appointed July 26, 1922, and a draft to the amount of $69,251.53 was drawn upon the guaranty fund and at this time a refund of 20 per cent will be made. The First State Bank of Hemingford, receiver appointed September 19, 1922, and a draft on the guaranty fund was drawn to the amount of $205,380.88, and a refund of 15 per cent is now being made. The Homer State Bank receiver was appointed February 17, 1922. The American State bank of Lincoln, receiver appointed July 16, 1922; Newcastle State bank, receiver appointed May 2, 1922; Shelton State bank, receiver appointed July 20, 1922, and a refund will be made from these latter named banks as soon as the receiver or guarantee fund commission obtains court orders authorizing these refunds.—State Journal.