Commercial National Bank (Columbus, NE)

View Charter #5180 on SPMC View balance sheet

Episode Information

Episode UID
518001597
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
51800 national
Charter Number
5180
Start Date
January 23, 1933
Location
Columbus, Nebraska (41.430, -97.368)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3aa550acea787d0f

Response Measures

None

Receivership Details

Depositor recovery rate
84.0%
Date receivership started
1933-01-24
Date receivership terminated
1938-06-02
Share of assets assessed as good
29.5%
Share of assets assessed as doubtful
60.4%
Share of assets assessed as worthless
10.1%

Events (4)
1. February 24, 1899 Chartered
Source
historical_nic
2. January 23, 1933 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors voluntarily closed the bank citing heavy and frozen assets; deposits $427,412 reported.
Newspaper Excerpt
Commercial National bank ... closed Monday by its directors. Heavy and frozen assets are blamed.
Source
newspapers
3. January 24, 1933 Receivership
Source
historical_nic
4. January 24, 1933 Receivership
Newspaper Excerpt
George G. Cronkleton of Hastings has been appointed receiver of the Commercial National bank here. C. W. Lyon ... has been in charge since the bank was closed voluntarily by its directors last week.
Source
newspapers

Newspaper Articles (2)
1. January 25, 1933 The Omaha Morning Bee-News Omaha, NE

Article Text

Columbus National Closed by Directors Commercial National bank, business institution dating back to 1888, closed Monday by its directors. Heavy and frozen assets are blamed. Deposits totaling $427, 412 were reported by the bank in its last call. D. A. Becher, mayor of Columbus, was president, and H. A. Vierguts, cashier. D. A. Becher, George W. Galley and G. W. Vierguts comprised the directorate. Capital stock was $50,000.

2. January 30, 1933 The Omaha Evening Bee-News Omaha, NE

Article Text

G.G. CRONKLETON NAMED COLUMBUS BANK RECEIVER George G. Cronkleton of Hastings has been appointed receiver of the Commercial National bank here. C. W. Lyon, national bank examiner in this district, has been in charge since the bank was closed voluntarily by its directors last week.