Custer State Bank (Broken Bow, NE)

Episode Information

Episode UID
76011671533
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7601167 routing
Routing Number
76-0116
Start Date
September 29, 1927
Location
Broken Bow, Nebraska (41.402, -99.639)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
15e76ac402f7a748

Response Measures

None

Description

Initial article reports state guaranty commission takeover; later articles show assets sold and small dividend paid to depositors.

Events (3)

1. September 29, 1927 Suspension
Cause
Government Action
Cause Details
Taken over by State Guaranty Fund Commission due to slowness in realizing on outstanding loans
Newspaper Excerpt
The Custer State Bank at Broken Bow was taken over by the State Guaranty Fund Commission last Thursday morning.
Source
newspapers
2. January 28, 1932 Receivership
Newspaper Excerpt
The assets of the Custer State Bank amounted to a trifle over $100,000 and brought the insignificant sum of $505; the high bid of $505 ... was declared the subject to the sale being confirmed by the district court (assets sold).
Source
newspapers
3. February 20, 1932 Other
Newspaper Excerpt
To the depositors of the Custer State Bank, Broken Bow, $7. paid five per cent Depositors ... (payment of five percent).
Source
newspapers

Newspaper Articles (4)

Article from Thomas County Herald-Clipper, Mullen Sandhills Stockman, October 6, 1927

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Article Text

LOCALS AND ADVERTISING The New York Yankees shut out the Pittsburgh Pirates on Wednes day in a score of 5-4 and on Thursany by a score of 6 and 2 in the now keeping in close touch with the at a time. players and games. Thomas County Teachers' Institute will be held at Thedford, Thursday and Friday, October 20-21. Cherry county teachers invited to attend. Rosa Salleng, County Supt 2J Mrs. Frank Walters, Bessie Cox and Helen Cannon drove over from Purdum Friday and were Thedford visitors several hours. The Custer State Bank at Broken Bow was taken over by the State Guaranty Fund Commission last Thursday morning. The slowness in which to realize on outstanding loans is the reason given for taking over the bank's assets. Mr. and Mrs. John Mallory returned home Saturday. John wa down east making arrangements fo. his fall supply of apples. Nick Shriner rode home with them from GrandIsland, where he had gone with Mrs. Shriner several days before, where she had undergone an operation. Mr. Shriner returned the next day to Grand Island in his car to be with his wife who is getting along nicely. Follow the crowd to the Farmers Store where you get more for you dollar in quality goods than you cal in any store in Thomas county. Let us show you. (16tt) Irving Steen left Monday morn ing for Omaha in the car on busi ness. Winter Apples, $1.00 per bu. P. T. Lewellen. (19) Freighters from the Doe Higgins and Sears & Thompson ranches have been hauling their winter's supply of Several fine farms going cheap to settle an estate. Also several ranches for sale or trade; prairie country. Address W. G. Warner, Lamar, Mo.p Big bundles of papers at The Herald office, worth about a quarter for 10 cents until we run out. -adv. Otto Lamprecht of near Purdum was in town Tuesday and stated that his recent accident in which he received a broken collar bone was leaving no serious effect on him. He was able to drive in by car. We meet all competition in prices on quality goods. Farmers Union Co-operative Association. (15tf) C. O. Lyle of Minden is an extra aegnt here on the Burlington Route during the next few weeks while the cattle shipments run the heaviest The Burlington Route usually keeps an extra man at this time of the year from 30 to 60 days. Bring your cream to Patterson! Myron Deicy came on 44 Thursday from Denver, Colo. and will spend the winter with his relatives, Mr. and Mrs. Edgar Steen and family. Mr. and Mrs. J. N. Neely returned from a trip to Omaha the latter part of the week. J. N. states both he and his wife stood the trip fine as they have made many long drives together in several makes of cars. York last Tuesday where he had attended the regular cattle sale there of the York Live Stock Commission Company. Edgar states the consignment was one of their best of the season and went at extra good prices. We learned interviewing him that he had recently purchased the Brownlee garage from Marvin J. Hester, known as the Brownlee Motor Co. Mr. Thompson expects to hire a mechanic and will afford the best service possible to his Cherry county ranch friends and customers in general. It is likely an ad will appear in the Herald next week. As yet we have not learned the definite plans of Mr. Hester. Bring your cream to Patterson! Mrs. J. B. Jolly has been employed part time at the law office of Evans & Evans as stenographer. Just received, non-freeze Alcohol for your radiators. Red Top Filling Station. The Herald is carrying school notes from three different schools at the present time. We look for more schools to be represented thru its columns soon and likely Purdum will send it their school notes later. The Thomas County High School notes section covers practically half the front page and this week they will be found especially interesting to Herald readers because of a great deal of local mention of former students in classes as far back as 1916. Graduates of that year will note the Alumni has told of the activities, location, etc. in the notes this issue. The Thomas County High School notes reach this office between ten and eleven o'clock on Wednesday, ably edited and type written. White we are a day late with The Herald this week, we shall not place the blame on the time required to set the school notes or the regular rotine of type setting we have each week, but if you will turn to page five you see the delinquent tax list, composed mostly of figures and fractions which required several hours of extra work on the linotype. Nebraska publication laws states that it must be published three weeks in October of each year, beginning on or near the first of the month. Since it is now mastered, we expect to come out on time as usual next Thursday. One three pound can of 60c coffee and one 2½ lb. can of table pears for $1.45. Farmers Store. (16tf) Just received, non-freeze alcohol for your radiators. Red Top Filling Station. (19) For sale: Celery to put in your ce!lar for the winter. E. E. Hilliker, Norway, Nebr. (19) Mr. and Mrs. Allen Engberg and mother, Mrs. L. A. Cole have been visiting at Stanton and returned home Thursday evening accompanied by Mrs. Cole's sister, Mrs. Nell Tainter. Goldena Beckhoff and mother, Mr. Gus Beckhoff left last week for Om ha where Golda underwent a mactoid operation at the Methodist hospital. The latest report is that she is getting along nicely and will leave the hospital soon. Rev. E. D. Gideon was in town Wednesday and Thursday and has now leased his ranch south of town to Mr. Strunk of near Brownlee. Mr. Gideon spent his leisure time at The Herald office looking over the old files of ten to 12 years ago when he was editor of this paper and found a great deal of "kick" perusing some of the issues that were pub lished in those years. Wanted: Plain sewing. Mrs. C. J. Treat, Thedford (18-19) The last installment of the artic'e Judge Bayard H. Paine wrote after touring Europe will appear in The Herald next week, also the Simmons' continued letter will be published next week. The Delinquent tax list took up our space that these good article have had. H. W. Mier of Scribner, Nebr. who has ranch nine miles northwest of Thedford came Thursday night to look over his interests there. Mr. Mier reports an excessive amount of rain in that part of the state of late. Mr. and Mrs. J. A. Coffman of Broken Bow; Mr. and Mrs. Francis Coffman of Ainsworth and Mr. and Mrs. Goodner of Halsey all were dinner guests at the home of Mrs. M. J. Coffman Sunday, on the Brown ing place. Bring your cream to Patterson! "What are you doing?" asked the big business man of his little boy the other evening. "The history teacher asked me something and answered It." said Willy, "so I'm writing her confirming our conversation of today's date." and Opthalmometry and rest assured that your lenses will be perfectly fitted and your conditions properly diagnosed for these are the only positive methods of refracting the eyes and determining their conditions. Dr. Edw. J. Norwood, O, D., the expert, will be in Halsey Oct. 13, p. m. only. At Palmer hotel in Thedford Oct 14 a. m. only, and ONE DAY each S.Xty days in the future. See him. He is very thoroughly schooled and experienced and is very reasonably priced. Have your children's eyes examined. He can determine their eye conditions without asking them one question. Some people like opera because one does not have to understand it to enjoy it. Another good thing is that when the Red Cross says relief, that is just what it means. The whale that tried to eat an ocean cable might even be Induced to try some bride's biscuits. Tabloids are to newspapers what fleas are to Cogs. One touch of sumburn makes the whole world feel skinned. Somebody must have told Lindbergh to hitch his wagon to a star. The new "knee clock" hoslery Is probably an afarin clock to reformers It's a long road that has no repair gang working on it, gumming up traf Have you also noticed that table cloths no longer cover the legs of the table? Dirt is worth $29 a pound in some places in Weepah or to a tubloid editor. Suddenly the question of airports takes precedence over that of rivers About the only enemy of the one piece buthing suit these days is the common moth The record of deaths in traffle ever) holiday ought to prove that there's no place like home. Man Isn't ready for freedom until be learns his rights end where the other fellow's toes begin. With the radio and everything. the criminal can't hope to escape- until after he gets caught. Blessed are the poor. The most unhappy peoples are those who no longer yearn for anything. It is well to travel all over America Then you can be amused when one state pokes fun at another. The author who does you the most good is the one who Inspires In you = desire to argue with him. The country is not absolutely de nuded of trees. There are still enough for reckless drivers to crush, against An old-timer is one who can remem ber when Paris got the blame for styles and only the rich were naughty Twenty-six million postal cards are now printed every day and on most of them somebody writes: "Wish you was here." Nothing has been said about Adam teaching Eve how to swim, and It is well known she wore a one-piec* bathing suit. What the movies need is a star who can play a sweet and Innocent role without making you long to kill her with a brick. It is noticeable that of all the hu morists who are getting off wise cracks at the expense of Mussollni not one lives in Ituly. The person next due for undying fame is the one who will Invent salt shaker which will function is damp weather. This summer, like all other sum iners, is the dryest, the hottest, the most humid. NS long as the old timer


Article Text

HIGHEST Depositors Committee Buy Assets Of Mason City Bank. Custer State Assets Not in Demand. The of the assets of the Farmer's Bank Mason Custer State Bank Broken Bow, held the courthouse in this city Tuesday, attracted quite people. Most there through curiosity and bidders. charge two representatives state department, McGrew former banker being here at that time. There tremendous differapparently in the and securities these Mason bank totalabout $85,000 were cold Depositor's committee $40.000. assets the Custer State Bank amounted trifle over and brought the insignifisum Haley Investment Company Lexington put the high $505 the assets of the Custer State Bank and this firm was declared the subject, to the sale being confirmed the district court The assets the Custer State Bank over eighty notes and judgements, these ranged in from $9,500 down $7.70. There notes and against seven peomore than $5000 others had notes rangfrom Bids were first individual of $21 was put $3000 group notes and bids of each single One man bid $11 on note representing considerable sum, another large proportions only to of After these several notes and judgements were offered singly and in groups, the entire lot, cluding all the notes and all the judgements the Custer State Bank totaling more than one hundred thousand dollars was offered Nebrasfirm for $505. When the assets of the Farmers Bank offered. once apparent that better conditions existed the Mason City institution. An opportunity first given indinotes and the estate and furniture and fixtures of the bank were offered. The bids these small but the entire assets the bank ing over Mason City, representing depositor's started out bid $30,000. This sum raised three times, and the assets finally sold depositor's committee for $40,000. When the sale confirmed the court, all the assets due course time the bank will receive proportionate share the committee the Mason City bank consists John and Harry Sennett expected that charge bank for many will placed charge settlement the affairs. Redmond the confidence his munity this most excellent way which settle the bank the lowest


Article Text

ROUND ABOUT THE STATE Broken Bow—The sale of the assets of the Farmers Bank of Mason City and the Custer State Bank of Broken Bow, was held here recently by two representatives of the banking department. There was a tremendous difference in the value of the notes, judgments and securities of these two banking institutions as shown by the final bids. The assets of the Mason City bank totaled about $85,000 and were sold to a depositor's committee for $40,000. The assets of the Custer State Bank amounted to a trifle over $100,000 and brought the insignificant sum of $505. Cedar Bluffs—The citizens of Cedar Bluffs and vicinity responded so liberally to the call for provisions and clothing to be sent to northern Nebraska that two cars were filled instead of the previously pay but were disappointed. There are hundreds of trucks bringing feeds into Nebraska and South Dakota but at prices the poor man cannot afford to pay. Valparaiso — The first major coasting accident occurred here when George Copperstone suffered the fracture of a small bone just above his ankle when he and a group of friends were coasting. The sled was steered into a bank which was thought to be snow. The pile was dirt instead and his leg was caught in such a way as to cause the fracture. Chadron—The County Treasurer has just given notice that the Treasurer's office will accept partial payments on any amount on taxes due at this time. The arrangement is being made in order to aid taxpayers who are having difficulty in making their tax payments and to eliminate the issuing distress warr taxes. The county is in need of the money that is taxes.


Article Text

PAY DONIPHAN DEPOSITORS LINCOLN, Neb., Feb. of four Nebraska banks today payment total of from quidation of assets of the InstituLargest payment to the CedCounty State Bank, which celved payment of 15 per cent deposits To the depositors of the Custer State Bank, Broken $7. paid five per cent Depositors the Inman State Bank seven per cent Payment $3,232.68 made depositors of the Exchange Bank, of Doniphan, in payment 2.85 per cent dend.