State Bank (Blair, NE)

Episode Information

Episode UID
76010571494
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
7601057 routing
Routing Number
76-0105
Start Date
June 19, 1924
Location
Blair, Nebraska (41.544, -96.125)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
937a168f90ad4d65

Response Measures

None

Description

Commission took over in 1924 and bank was sold/closed by late 1927; one article has a possibly incorrect 1917 failure date in legal suit.

Events (3)

1. June 19, 1924 Suspension
Cause
Government Action
Cause Details
Nebraska Guaranty Fund commission took the bank into custody and administered it starting June 19, 1924
Newspaper Excerpt
taken over by the commission on June 19, 1924
Source
newspapers
2. November 27, 1927 Other
Newspaper Excerpt
$655,104 Paid Out of Bank's Assets; sale of the bank this week to the Farmers' State bank, Blair; commission realized and paid depositors 50 per cent of the remainder
Source
newspapers
3. December 17, 1927 Receivership
Newspaper Excerpt
The bank closed December 17, 1927
Source
newspapers

Newspaper Articles (4)

Article from The Lincoln Star, November 25, 1927

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Article Text

GUARANTY FUND SAVED BIG SUM (Continued from Page One.) day his leave only ultimately to be He sat the sipppaid by guaranty fund, out of of coffee ing original deposits to on the table before him. $942,072 on the date when the bank Asked About Invitation. taken over, three years and five Carol's attention called to months ago. printed morning newsThe record made in salvaging the paper that the peasants partv had sent him an invitation return State bank of Blair is decided conhis land Asked trast to that in the case of another about this report, the former crown large institution in the same city, replied: the must still await further events house of Castetter, in Rumania The Press which failed in March, 1921, owing that the peasants party has depositors This bank sent me an return was receivership for years once. Ihave not seen such and three months, before the guaranty fund commission came "The conditions which recently took over control outlined to you regarding mv return of Its affairs in June, to Rumania cannot out Ways. M. Bratianu's death. Where prefer no for holding net the the But decisive guaranty fund on my part matter of days, not instance. Castetter receiver drew upon the fund "Whether return to Rumania for several years ago king member of the council notes addition regents simply Prince Carol more to pay the deposidecided until arrive in Since commission began administering latter affairs Titulescu Gravely has the notes Nov. and reimbursed the Foreign Minister Titulescu Rufund to the extent out mania. ill with what from the assets, thus leaving flammation the lungs, net draft upon the fund. reports Secretary was first ing assets the Castetter described as influenza, but yield about more Should reported he is now critithis the condition. guaranty fund burden further to Nov. N. Even that, the commis- were here sion could day that Prince Carol down the the fund almost much airplane, en route to Bucharest. Castetter bank failure as drain upon involved wind- Prince Carol gave the Internaup the State Bank tional News Service the managed Paris this morning stating that from start to finish. return in hurry to both located in the same town and same condition when taken over, inasmuch the NEW ATTEMPT State bank of Blair had posits than etter bank had, the vastly better SEEN ON LIFE the stands tribute efficient work the fund OF O'CONNOR sion, the ceivership which failed banks were and which ate up large part Three Armed Men, Lurktheir assets. How It Was Done. The ing Near Chicago OffiState Bank Blair continued going cial's Home, Taken. which put one agents charge. the and five months has elapsed Nov. since came into the the of hands, the agent paid depositors Chief Detectives William $368,000 in the course regular the second week was reducing the liabil- thwarted here kind to today when detectives swooped down hiding cent of the latter with loaded sum, near being paid the pistols their remaining from the The rushed to the ceeds and questioned. credits still on hand to the lenly Farmers gave State bank. police believed latter institution paid refused talk for the fixthe bank Blair and Abraham ChezThis the full which alias Chase carried on the had been made There were liberty on hand Chief the face value These chieftain the State bank tempted chief the the brought office The from that item up above with assault with inCredit was also given by the purattempted attack tochasing bank the Chief other coming the from the Peter home powfund, customers' over- the and to drafts of personal friend ganster leaders. Three farms by the State bank under contracts March next, MOSELEY FILES were taken the other bank their face discounted for the intervening period CONGRESS would done ordinary commercial transfrom Page One. purchasing bank paid face That of educafor notes be with secretary $150,637 cabinet. There in the State bank Favor the present policy of Blair Part by attention given to the added to the the rights going items, pay the the people first district 50 per cent deposits Expects to Oppose Morehead. Nominal assets left, on which the In capitol hopes realize about filing his total including Mr. Moseley he said anticipated notes, and $10,000 estate. on the Bank's Showing ticket. He make When house race, should the primary, under 1921, Hart, any trade might became official receiver candidate placed Fred Tecumseh younger generation banker in The prev- His failure, had man- public career thus comprises by its Clar- terms the lower branch president, was filed against the sions 1915, 1921. the latter alleging improper banking those different he served several After from the finance, insurance, fund issuing cities towns. pay He native 41 years depositors, the Moseley, make the been for fund the time the guaranty years law and fund was estate took the As previously fore stated, commission has practice Omaha the to the fund since then. Gurley Paid notes, His was expects return $70,000 more celved the public schools University Nebraska, operating cost of the Cast- from was He studied first two three versity his mission the time the Indian estates shown by the the federal interior four years Moseley has been active three months which being been looking after the up to September 1920 made has spent Leonard Wood for president In the the of by the During the few weeks he has the cost for made addresses three noints in the district the bank six years and nine his home caster county as well as in months. locality.


Article from The Omaha Morning Bee-News, November 27, 1927

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Article Text

$655,104 Paid Out of Bank's Assets Guaranty Fund Not Yet Levied on in Case of State Bank of Blair. -How the guarantee fund commission has been able to pay off $655,104 to dΓ©positors of the State Bank of Blair, Neb., without calling on the guarantee fund for a dollar, and will be abe to pay some of the $286,968 liabilities till owing out of assets still held by the commission, was explained here Friday by Secretary Van E. Peterson of the commission. Two Cases Contrasted. The handling of the State Bank of Blair case in marked contrast to the handling of the banking house of A. Castetter. Blair. The Castetter bank failed in March. 1921 owing its depositors $863,684. The bank's receiver drew on the guarantee fund for $698,786 several years ago, and Issued receiver's note in addition for $50,000. Since the commission took over the matter, it has paid off the receiver's notes. paid back $95 into the guarantee fund. and may realize $70,000 more from assets, making the probable net loss $533,000. Net Loss 60 Per Cent Less. In the case of the State Bank of Blair, initial liabilities to depositors were $942,072. about $80. 000 more than in the case of the Castetter bank, and the commission, while keeping the bank open," reduced liabilities from $942,072 to $573,936. With the sale of the bank this week to the Farmers' State bank, Blair, the commission realized and paid depositors 50 per cent of the remainder, $286,968. The commission hopes to realize about $60,000 more from assets it still holds, making the net loss only about 40 per cent as great as in the Castetter bank, although the depositors were owed more. Operation Cost Cut Heavily. It cost $59,039 to operate the Castetter bank in the two years and three months before the commission took it over, and in the four years and three months in which the commission handled the bank, the cost was $12,729. The net operating costs of the bank of Blair in three years and five months was $6,533. started by Dr. C. C. Gafford, owner of the location on Main street, where the A. J. Morford restaurant and confectionery store burned six weeks ago when the gasoline tank of a popcorn machine caught fire while the burners were being generated by Morford.


Article from The Nelson Gazette, December 8, 1927

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Article Text

LATEST NEBRASKA NEWS OF INTEREST PREPARATION FOR CHRISTMAS MAILING Shop Now And Mail Early For Early Delivery Post offices will make to handle the Christmas mails without congestion and delay, but owing to the enormous volume this can be done only with the co-operation of the public. Compliance with the following suggestions will greatly aid the Post Office and insure the prompt handiing of your mail. All parcels must be securely wrapped or packed. Use strong paper and heavy twine. Articles easily broken or crushed must be crated or securely wrapped. Addresses should be complete, with house number and name of street, post-office box or ruralroute number, and typed or painly written in During the holiday time the volume of mail increases approximately 200 per cent. It is physical impossibility to handle this great mass of mail matter efficiently and promptly within few days. Therefore to insure delivery of their Christmas presents, cards and letters by Christmas Day the public should Shop and Mail Early. Written matter in the nature of personal correspondence can not be inclosed in parcels. All valuable mail should be insured. Mail Not Later Than: Friday, Dec. California, Oregon, Washington. Maine, Vermont, New Hamp shire, Massachusetts, Connecticut, Rode Island. Saturday, Dec. Alabama, Florida. Georgia, Louisiana, Mississippi, North Carolina, Texas, Virginia, South Carolina. Monday, Dec. Arizona, Delaware, District of Columbia, Idaho, Maryland, Montana, Nevada, New Jersey, New Mexico, New York, Pennsylvania, West Virginia, Utah. Tuesday, Dec. 20th-for Arkansas, Colorado, Indiana, Kentucky, Michigan, Minnesota, North Dakota, Ohio, Oklahoma, Tennessee, Wisconsin, Wyoming. Wednesday, Dec. Illinois, Iowa, Kansas, Missouri, Nebraska, So. Dakota. Thursday, Dec. local delivery. Boone County Proud Of Boys people of this vicinity turned out enmass recently to honor the victorious stock judging team which won the national contest at Memphis. This team of three farmer boys won the state contest at Lincoln, and then met the victorious teams from other states Memphis, which entitles the members to represent the United States in the international contest to be held in England next July. And one of this team held the high score of points for individuals among the hundreds of contestants at the national contest. Now the question arises how to finance the team's expenses to England next summer. Walter Head of Omaha contributed the $300 to pay the of the Nebraska team to Memphis. This victory of Nebraska it felt, will great incentive to the nine thousand stock club members in the state. This club work among the boys and girls is considered by leading educators and agricultural experts to be of incalculable value to the state. Historic Spot Marked dedicatory exercises were held under the auspices of the Nebraska State Bociety for the marker which has been placed on the spot where Company of the First Nebraska regiment was mustered into service on June 1861. Four of the men who originally enlistin the company are still living. they being Col. Thomas Majors and Wilson Majors of Peru, Charles McPherson of Republican City, and Charles D. Smith of Palm City, Calif. Many descendants of members of the company reside in this vicinity. Guaranty Fund To Lose $220,000 of $220,000 will sustained by the Nebraska Guaranty Fund commission on the State Bank Blair, defunct, It was announced Van Peterson following sale of the bank to the Farmers State bank Blair. Sale of the bank, which was taken over by the commission on June 19, 1924, includes all capital and fixtures the institution. It was announced. 79 Conventions Held In Omaha 16 conventions scheduled for Omaha in December, the total number of conventions this year will be as compared with 82 last year. While there have been fewer meetings the attendance larger than for 1926, Chamber of Commerce officials said. thousand persons have come to Omaha this year so far for conventions and the total is expected to approximate as compared 39,000 last year. conventions have been secured for 1928 thus far. Wins Prize On Onion Weighing Pound onion. tipping the scales at slightly more than one pound and with circumference of thirteen and one-half inches, is the pride of Landis Storm. truck gardener, who thinks he may hold national record for onion growing. An Iowa seed which offered prize for the largest onion submitted, gave $15 to Mr. Storm as the winner. Mr. Storm raised 400 bushels of onions from four pounds of seed on one acre of ground. The netted him around nine hundred dollars.


Article Text

NEBRASKA BANK RECEIVER SUES MERIDEN WOMAN Local Auto Fatality and Injury Suit In Superior Court New Haven, Sept. 6. (Special)β€”Damages amounting to $600 are sought from Flora Bradley of Los Angeles, Cal., and Meriden in a suit filed in the Superior court here by E. H. Luikart of Blair, Nebraska, receiver for the State Bank in that town. The receiver claims that the woman as holder of nearly five shares of common stock of the bank was liable for double the value of the stock, since the bank failed in 1917 and was unable to meet current obligations. The bank closed December 17, 1927. Williams Seeks $10,000 Claiming to have been disabled from injuries received in an accident which occurred on Grove street, near West Main street in Meriden on January 7, when he was struck by an automobile operated by Winifred Young and owned by Harriet M. Young, both of Middletown, David Williams of Meriden, has filed a suit for damages amounting to $10,000 in an action returned to the Superior court for the September term. Williams alleges that he was crossing Grove street and had about reached the opposite curb stone when a machine driven by Winifred Young struck him. He states that he was knocked a considerable distance by the impact and received a fractured nose, deep lacerations about the head and body, and abrasions about both legs. Two Ask $12,500 An accident on the Milldale road in Meriden on June 24, is the basis of two damage actions aggregating $12,500 filed by Lillian Runge and Nelson H. Andrews, both of Meriden, against Nunzio Gugliotti, of Southington. The woman asks damages of $7,500 alleging that she suffered serious abrasions and bruises about the head and body in a collision which involved a machine she was riding in and a car driven by Gugliotti. Andrews asks $5,000, claiming that he received a serious back injury in the crash. Both plaintiffs allege that the Southington man operated his machine at a high rate of speed and failed to slow down when approaching the car in which they were passengers. Auto Death Action The death of Jacob DeBoo of Meriden, from injuries received when struck by an automobile on South Broad street, near the Watrous Farm, is the basis of an action for damages amounting to $10,000 sought by Amanda DeBoo, administratrix, of the dead man's estate, from Louis Agli, also of Meriden. DeBoo was crossing South Broad street when the machine driven by Agli, struck him. DeBoo received a fractured skull and serious internal injuries which resulted in his death several hours later at the Meriden hospital. Agli is charged in the writ with gross negligence and failure to have his brakes in proper repair. Injured when struck by a machine at Hanover and South Grove streets on March 10, R. Harold Ganner, of Meriden, seeks damages amounting to $3,000 from Harriet R. Forbes, of Meriden. Ganner claims that he is suffering with constant headaches and dizzy spells as the result of the injuries received in the accident.