First National Bank (Oakland, NE)

View Charter #4610 on SPMC View balance sheet

Episode Information

Episode UID
461001605
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
46100 national
Charter Number
4610
Start Date
September 18, 1933
Location
Oakland, Nebraska (41.836, -96.467)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a92c500d881eca65

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-09-18
Date receivership terminated
1935-10-23
Share of assets assessed as good
59.1%
Share of assets assessed as doubtful
21.6%
Share of assets assessed as worthless
19.3%

Events (3)
1. August 6, 1891 Chartered
Source
historical_nic
2. September 18, 1933 Receivership
Source
historical_nic
3. September 18, 1933 Receivership
Newspaper Excerpt
COWAN APPOINTED AS BANK RECEIVER Wm. P. Cowan, conservator of the First National bank since March, has been appointed receiver of the bank by the Comptroller of the currency, the bank going into receivership Sept. 18.
Source
newspapers

Newspaper Articles (2)
1. September 29, 1933 Oakland Independent and Republican Oakland, NE

Article Text

LOCAL CHURCH NEWS Salem Mission Church (David T. Gustafson, Pastor) State Sunday School conference will be, held at Aurora, Sept. 29 to Oct. 1. Prof. Peter Person of North Park College, will be the guest speaker. Sunday, Oct. 1: Sunday School at 10:15 m. No preaching service Sunday morning. You are invited to attend services at the Covenant church in town. The Lord's Supper will be observed there after the preaching service. Young People's meeting at 7:30 p. m. Evening Evangel at 8 o'clock. Wednesday evening. Oct. 4: Choir practice at 8 o'clock. Thursday, Oct. 5: Ladies Aid society will meet at the Carl Larson home. Mrs. Robert Nelson and Mrs. Larson will be hostesses. Friday through Sunday, Oct. 68th, we will hold series of Mission meetings. The pastors who will meet with us are: Rev. Fred Hall, Rev. J. O. Lonnquist, and Rev. Carl O. Nelson. First meeting on Friday evening at 7:30 o'clock. Verse for the week: "Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house." West Side M. E. Church (Dr. L. Stromberg, Pastor) Tonight, Friday, Epworth League social in the church parlors. would like to see you there. Sunday, Oct. 1: 10:00 m. Sunday School This is promotion Sunday, and all children should be there. Morning sermon in English at 11:00. Reception of members at this service. If you live in our neighborhood, if you love God and his people, and if you wish to be with us, you are welcome to join us. At 7:30 p. m. the Epworth League meeting. At 8:00 p. m., evening worship Friday Oct. 6, at 2:00 p. m. the W M. society will be entertained at the home of Mr. and Mrs. John A. Erickson. This is the annual meeting with election of officers, and all members are urged to be present. Elim Lutheran Church (Rev. A. V. Thoren, Pastor) Elim Lutheran church announcements: Saturday: 9:30 a. m., confirmation class. Sunday: 10:00 a. m., Annual Sunday School Rally Day program with promotion of classes. The new confirmation class will receive their bibles at this meeting, and an offering will be taken to help defray the cost of the Bibles. 11:00 a. m., Divine worship. 7:30 p. m., adult confirmation class meets in the Henry Erickson home at Uehling. Anyone who desires to join the class is cordially invited. Tuesday, 2:30 p. m., Ladies Aid society meets in the church parlors with Mrs. Chas. Wedergren and Mrs. Richard Larson as hostesses. The Ladies chorus also meets for rehearsal. Free Mission Church (Walter Cahill in Charge) Sunday School at 10:00 a. m. Morning service at 11:00 a. m. Prayer band meets at 7:00 p. m. Evening service at 7:30 p. m. The special meetings will continue every night except Saturday at 7:30 o'clock with the Rev. Wm. Werkhauser, Danville, Ill., as speaker. Mr. Werkhauser will speak Sunday morning. Sunday evening he will continue his lectures upon the subject of prophecy until Sunday, Oct. 8th. Come and hear these lectures. Everybody welcome. First Baptist Church (Rev. J. A. Carlson, Pastor) Sunday, Oct. 1: Sunday School at 10:00 a. m. Promotion exercise will be held. Morning service at 11:00. The Lord's Supper will be observed at the close of the service. Evening service at 7:45. Thursday, Oct. 5: The Ladies Aid society will meet at the home of Mrs. Gust P. Johnson at 2:30 p. m. Prayer and bible study at 7:30 p. m. We welcome you to our church Our church will not send any delegate this year The Inner Mission Circle is invited to the Alvin Backstrom home next Tuesday afternoon at 2:30. The Sunday School teachers and officers meet in the church parlors next Tuesday evening at 7:30 Senior choir rehearsal next Thursday evening at 8 o'clock. The Crescent society is invited to the Gust S. Johnson home next Friday evening, Oct. 6. for the October monthly meeting The Oscar Magnuson, Axel Anderson, and Nels Ekberg families will assist in serving. Program and refreshments. A cordial invitation extended to all. Confirmation class Saturday morning at 10:00. First Methodist Church (Rev. T. W. Parkin, Pastor) Regular services will be held Sunday, morning and evening. Covenant Mission Church (Rev. Carl O. Nelson. Pastor) Friday, choir rehearsal at 7:30 p. m. Sunday: Sunday School at 10:00 a. m. Service in Swedish at 11:00 a. m After service commemoration of the Lord's Supper. No meetings in the evening The pastor is invited to take part in the forty year anniversary at the Pender Mission church. Tuesday, teacher training class at 7:30 p. m. Wednesday, Ladies Aid will meet at 2:30 m. Hostesses are Mrs. Gust W. Nelson and Mrs. Chas. Johnson. Come, you are cordially invited. Thursday, prayer meeting at 7:30 p. m. What do you think of a man that confesses to be a Christian but is seldom seen in the House of God? St. John's Evang. Luth. Church (Rev. J. Harms, Pastor) Sunday School at 9:30 a. m. English service at 10:15 a. m. Choir practice Friday evening. Voters' meeting Sunday afternoon at 2 o'clock. COWAN APPOINTED AS BANK RECEIVER Wm. P. Cowan, conservator of the First National bank since March, has been appointed receiver of the bank by the Comptroller of the currency, the bank going into receivership Sept. 18. First Lutheran Church (Dr. M. J. Laure, Pastor) St. Michael's Day. Sunday School at ten, lesson 2. Morning service in the Swedish language at 11:00. The monthly Luther League program will be given next Sunday evening at 7:30, half an hour earlier than during the summer months. Program as follows: Hymn Audience Devotionals Pastor Vocal solo Janet Alexander Reading Carlson Violin solo Marion Roberts Address Judge C. O. Stauffer Announcements Pastor Audience Hymn An offering for the Fifth Christian Conference at Upsala College, N. J., will be lifted next Sunday

2. December 19, 1935 Tampa Bay Times St. Petersburg, FL

Article Text

DEFUNCT BANK RECEIVERSHIPS ARE CONCLUDED Thirteen Liquidations Finished; One Institution Returned to Solvency The Comptroller of the currency, J. F. T. O'Connor, today announced the completion of the liquidation of 13 receiverships and the restoration of one receivership to solvency during November, 1936, making a total of 173 receiverships finally closed or restored to solvency since his last annual report to congress dated Oct. 31, 1934. Total disbursements, including offsets allowed, to depositors and other creditors of these 173 institutions, exclusive of the 12 restored to solvency, aggregated $43,967,785, or an average return of 72.74 per cent of total liabilities, while unsecured depositors received dividends amounting to an average of 60.12 per cent of their claims. The Woodridge-Langdon Savings and Commercial bank of Washington, D. C., in receivership April 9, 1934; restored to solvency Nov. 11, 1935, all creditors having been paid 100 per cent principal. Liabilities Transferred The Ashland National bank of Ashland, Ky., in receivership Sept. 22, 1932, the liabilities of the institution having theretofore been assumed by another bank. The receiver was appointed for the purpose of collecting an assessment against the stockholders to cover a deficiency in the assets sold. The creditor bank, from dividends and other sources, received 100 per cent together with interest in full amounting to 7.31 per cent. Disbursements during receivership, including offsets allowed, aggregated $505,942 and the stockholders received $27,203 together with the assets remaining uncollected. The First National bank in Ashton, Ia., in receivership Oct. 31, 1933; depositors and other creditors were paid 100 per cent with interest in full amounting to an additional dividend of 8.78 per cent. Total payments to creditors, including offsets allowed, aggregated $97,912 and the stockholders received $4,367 together with the assets remaining uncollected. Depositors Get 100 Per Cent The First National bank of Oakland, Neb., in receivership Sept. 18, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 7.712 per cent. Total payments to creditors, including offsets allowed, aggregated $236,610 and the stockholders received $8,216 together with the assets remaining uncollected. The Hamilton County National bank, of Cleves, O., in receivership Nov. 6, 1933; depositors and other creditors were paid 100 per cent principal with interest in full amounting to an additional dividend of 6.516 per cent. Total payments to creditors, including offsets allowed, aggregated $552,149 and the stockholders received $5,118 together with the assets remaining uncollected. The First National bank of Bishop, Tex., in receivership Oct. 15, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $124,768, which represented 82.65 per cent of total liabilities. Unsecured depositors received dividends amounting to 72 per cent of their claims. North Dakota Bank The Bottineau National bank of Bottineau, N. D., in receivership June 23, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $188,460, which represented 54.79 per cent of total liabilities. Unsecured depositors received dividends amounting to 27.93 per cent of their claims. The First National bank of Randolph, Ia., in receivership Sept. 8, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $62,774, which represented 88.85 per cent of total liabilities. Unsecured depositors received dividends amounting to 86.5 per cent of their claims. The First National bank of Middleport, N. Y., in receivership Dec. 30, 1931; disbursements, including offsets allowed, to depositors and other creditors aggregated $403,947, which represented 76.42 per cent of total liabilities. Unsecured depositors received dividends amounting to 63.22 per cent of their claims. The First National bank of Gasport, (Continued on Page 13)