Hinds State Bank (Odell, NE)

Episode Information

Episode UID
76048971560
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Bank ID
7604897 routing
Routing Number
76-0489
Start Date
December 26, 1929
Location
Odell, Nebraska (40.050, -96.803)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
84df92a9036a569a

Response Measures

None

Description

Closure followed a quiet run and state banking department takeover; receiver later pursued assets.

Events (3)

1. December 26, 1929 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors and a 'quiet run' drew down deposits substantially during preceding months, precipitating failure.
Newspaper Excerpt
A quiet run on the bank is said to have brought the deposits down to less than $100,000.
Source
newspapers
2. December 26, 1929 Suspension
Cause
Government Action
Cause Details
Bank closed and then taken into custody by the state banking department after heavy withdrawals and impaired condition.
Newspaper Excerpt
The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county...
Source
newspapers
3. January 9, 1930 Receivership
Newspaper Excerpt
Examiners from the state banking department arrived Odell yesterday afternoon and have taken over the affairs of the bank.
Source
newspapers

Newspaper Articles (20)

Article from Beatrice Daily Sun, May 9, 1929

Click image to open full size in new tab

Article Text

field to reopen its doors. RETRIAL As re-vamped, the bank has paid in capital $25,000 surplus of $10,000. It closed February 25, 1929. Reorganized under the fashioned after Minnesota Crop Mortgage dict Reversed At Lincoln LIEN BEFORE GRAIN GROWN retrial of the controversy beKelley, Wymore, William and Ora Kanarr, farm couple residing near Odell, over the latter's 1927 corn crop been ordered by the state supreme was heard during April, 1928, before district court jury ending in verdic: in favor of Kelley brought suit fifths of the plaintiffs 140 acre corn crop on held. The attempted to show that the Hinds State bark of Odell held first mortgage on the crop the result argeement with Kanarr, and that Kelley's mortgage although read signed by Kanarr on the that would second. It was brought during the trial that an elderly man, suffered defective eyesight and unable to read instrument when was Moss On Bench Judge William Jefferson oMss over the trial. The court reversing Judge Moss pointed out that the district court erred when held that Kelley's was first lien that the lien of bank could not been created the the to give on the crop before planted. It holds that ordinarily thing not being cannot settled that mortgage is created such promise as Kelley knew of its existence. The court adds Kelley will relived the duplicity because the mortgagors exercise the last degree of care.


Article from The Columbus Telegram, December 27, 1929

Click image to open full size in new tab

Article Text

FIRST BANK IN 30 YEARS Neb., Dec. closing the Hinds State bank Odell yesterday said be the first bank failure Gage county The bank organizHinds, cashier, said the dition the bank was impaired but that did not believe insolvent. The organized the Hinds capitalized $20,000 and had deposits of quiet bank said have brought deposits down less than


Article from Fremont Tribune, December 27, 1929

Click image to open full size in new tab

Article Text

GAGE COUNTY HAS FIRST BANK LOSS ODELL, NEB., Dec. 27 (U.P)-The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in' 30 years. The bank was organized in 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe it was insolvent. The bank, organized by the Hinds famly, was capitalized at $20,000 and had deposits of approximately $165,000. A quiet run on the bank is said to have brought the deposits down to less than $100,000.


Article from The Hastings Daily Tribune, December 27, 1929

Click image to open full size in new tab

Article Text

COZAD ACCIDENT FATAL Neb., Dec. juries sustained when thrown from car Elm Creek resulted in the death Kearney hospital of Ray Scott, lifelong Cozad. Scott injured when the door of his machine jarred open rounded curve and he was thrown out. Entertain Christmas Dec. and Timothy Farrell entertained family gathering at their hom\ day. and Mrs. McCoy Bobby, Martha Florence Lee Gardner and of and Dorothy Fremont; Lester Farrell of Lincoln; and Mrs. Fred Metzer and and Mrs. Rob and Patty and Audrey of Hastings; Kath and Powers, and Robert Wilson Dale Harvard. First Failure Years ODELL, Neb., Dec. closing the Hinds State Bank Odell yesterday said to be the first bank failure Gage county in 30 years. The bank was organ 1903. N. Hinds, cashier, said the condition the bank impair that did not believe The bank, organiz the Hinds family, cap and had deposits of the bank said have brought the deposits down to less than $100,000.


Article from The McCook Daily Gazette, December 27, 1929

Click image to open full size in new tab

Article Text

Odell Bank Is Closed Odell, Neb., Dec. 27 The closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1903. N. Hinds cashier, said the condition of the bank was imired, but that he did not believe it was insolvent. The bank, organized by the Hinds family. was capitalized at $20,000 and had deposits of approximately $165, 000. quiet run on the bank is said to have brought the deposits down to less than $100,000.


Article from York News-Times, December 27, 1929

Click image to open full size in new tab

Article Text

FAMILY BY SISTER MARY NEA Service bread is delicious to serve with afternoon tea. Plain bread and butter sandwiches the bread are dainty and most compatible with tea. If more elaborate sandwich is wanted. cream cheese and nuts make an excellent filling. Either yeast bread or quick bread can be flavored with orange. The yeast bread keeps better. so the bread must be made long before wanted this rule is more desirable. Orange Bread (Yeast Method) One cake compressed yeast, cup orange juice, tablespoons grated orange rind. tablespoons sugar. tablespoons melted butter, 1-2 cup candied orange peel, egg yolk, 1-2 teaspoon salt, 1-4 cup lukewarm water, cups flour. Dissolve yeast cake in water. Add orange juice, half the sugar, salt and cup flour. Stir with spoon until smooth and let stand covered in warm place until bubbly and doubled in bulk Add remaining sugar, butter, orange rind and finely chopped candied peel and egg yolk Mix well and add remaining flour. Use as little flour possible. Knead until smooth and elastic and put into mixing bowl. Cover and let rise in warm place until double in bulk. Shape into loaf and let rise again. When double in bulk, bake one hour in moderately hot oven. Orange Bread (Quick Method) Four cups pastry flour, teaspoons baking powder, teaspoon salt, 1-2 cup sugar, tablespoons melted butter, tablespoons grated orange rind, 1-2 cup orange marmalade, cups milk. Mix and sift flour, salt, baking powder and sugar. Beat egg until light and add with remaining ingredients to dry mixture. Mix thoroughly and turn into a welloiled bread pan. Let rise 15 minutes and bake 50 minutes in moderate oven. BANK CLOSES ODELL, Neb., Dec. closing of the Hinds State bank at Odell yesterday is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe it was insol vent. The bank organized by the Hinds family. was capatalized at and had deposits of approximately $165,000 quiet run on the bank is said to have brought the de posits down to less than $100,000. Dr. K. F. Wirt, Chiropractor UsIng the latest methods and equipment. Read Building. Phone 72. York, Neb. Itf.


Article from The Stockman's Journal, December 27, 1929

Click image to open full size in new tab

Article Text

First Gage County Bank Failure In Thirty Years ing of the Hinds State bank at Odell yesterday is said to be the first bank failure Gage years. The bank was organized 1903. C. N. Hinds, cashier, said the condition of the bank was impaired but that he did not believe was insolThe bank, organized by the Hinds family was capitalized at $20, 000 and had deposits of $165,000 quiet run on the bank said to have brought the deposits down to less than $100,000. Offer a woman of today pinch of snuff and she will be quite as much offended as Victorian by the offer of Yet century ago the invitation snuff would have been accepted without demur


Article from Nebraska Daily News-Press, December 28, 1929

Click image to open full size in new tab

Article Text

Gage County Bank Is Closed Thursday ODELL, Neb., Dec. closing the Hinds state bank at Odell is said to be the first bank failure in Gage county in 30 years. The bank was organized in 1908. Hinds, cashier, said the dition of the bank impaired but that he did not believe insolvent. The bank, organized by the Hinds family, was at $20,000 and had approximately $165,000. the bank said to have brought the deposits down to less


Article from The Marysville Advocate, January 2, 1930

Click image to open full size in new tab

Article Text

ODELL. NEB. BANK GOES UNDER AFTER "RUN" The Hinds State Bank, at Odell, Nebr., one of the oldest banks in the


Article from Saline County Democrat, January 9, 1930

Click image to open full size in new tab

Article Text

ODELL CLOSED ON THURSDAY Hinds State Bank In The Hands of State Banking Department Hinds State Odell, the oldest banks the town. untarily closed doors the morning Examiners from department arrived Odell yesterday afternoon taken affairs of the withdrawals of deposits reason for closing institution, Hinds, stated Thursday afternoon. Hinds stated that probably could longer putting more money inthe institution to tide him over. but did not was advisable putting nearly $40,000 additional reserve hold the business open, Hinds Bank. family capital $25,000 the time deposits Rumors distressing nature for the the in late Thursday afternoon Approximately per deposits the during the pust Hinds estimates approximately per deposits out since the first Odell Oracle. MRS. JOSEPH ENDLER DEAD Mrs. Joseph Endler passed about Tuesday, January years months Endler born the vicinity July 23, and has lived all of her life has been in health of which bedfast. Endler's maiden name was Smisek. daughter Mr. Joseph Smisek. surby husband, Joseph Endler sister, Rose Pisny Omabrothers. Joseph Exeter. Adolph Cortland and Frank Edward, Stanley and William Wilber. The funeral held from the Havel Houser chapel Thursday, Janbody laid the Bohemian cemetery of


Article from The Wilber Republican, January 10, 1930

Click image to open full size in new tab

Article Text

ODELL BANK IS CLOSED ON THURSDAY Hinds State Bank The Hands of The State Banking Department The Hinds State Bank, Odell, one of the oldest banks in the town, untarily closed its doors the morning after Christmas. Examiners from the state banking department arrived Odell late yesterday afternoon and have taken over the affairs of the bank. Heavy withdrawals of deposits cently reason for closing the Chas. Hinds, president, stated Thursday afternoon Hinds is said to have stated that probably could have held on little longer by putting lot more money in to the institution to tide him over, but he did not think was an advisable move. It would have required putting nearly $40,000 additional in the cash reserve to hold the business open, said. The Hinds State Bank, family bank, had capital of $25,000 and at the time It was closed deposits of about $98,000. Rumors of distressing nature were probably responsible more than anything else for the "run" on the bank It was stated in Odell late Thursday afternoon. per cent of the deposits of the bank were withdrawn during the past three or four months. Hinds estimates that approximately 40 per cent of the deposits taken out since the first of September.Odell Oracle.


Article from Omaha World-Herald, January 19, 1930

Click image to open full size in new tab

Article Text

ASKS BANK General Sorensen filed an action district court here today asking that the Hinds State bank Odell that Clarence Bliss be appointed take charge of assets the stitution and wind its up affairs.


Article from Lincoln Journal Star, April 28, 1930

Click image to open full size in new tab

Article Text

ACTION NOTES Bliss Enjoins Holders From Selling or Collecting on Them. the reinstatement of notes alleged to been rmeoved from Hinds State bank of Odell, after that institution was known to insolvent, Bliss, state bank has gun an action district court against Charles Hinds, and cashier the defunct bank, six other defendants. The enjoin all the defendants from disposing of or collecting upon the notes and also would hold them to full accounting


Article from Lincoln Journal Star, April 28, 1930

Click image to open full size in new tab

Article Text

TO ON NOTES Bliss Enjoins Holders From Selling or Collecting on Them. the notes alleged to have been rmeoved from Hinds State bank Odell, after that institution was known insolvent, Clarence Bliss, state bank receiver, has action district court gun against Charles Hinds, president and cashier of the defunct bank, and other The action would enjoin all the defendants from disposing or collecting upon the removed notes also would hold them to full accounting


Article from Norfolk Daily News, April 28, 1930

Click image to open full size in new tab

Article Text

Seeks Return of $19,795 in Notes Beatrice, Neb., April Clarence Bliss, state bank has begun an action in district court here seeking the return of $19,795 in notes, alleged to have been removed from the failed Hinds State bank of Odell after the institution was known to be Among those named defendants Albert William Runkle, John Krug, the Odell Cemetery association, The Home Savings and Loan clation of Beatrice and Martin Eickmann, its cashier. Since the creation of the Oregon state parole board in total 2,544 have been paroland convicts pardoned.


Article from North Platte Daily Telegraph, April 28, 1930

Click image to open full size in new tab

Article Text

FILE SUIT TO COLLECT ON REMOVED BANK PAPER Beatrice, Apr. 28, Clarence Bliss, state bank reiver, has begun an action district court here seeking the return of in notes, alleged have been removed from the failed Hinds state bank of Odeil after the institution was known be insolvent. Among those named as defendants Albert Stenglemeyer William Runkle, John II. Krug. the Odell Cemetery association, the Home Savings Loan sociation of Beatrice and Martin Eickmann, its cashier.


Article from The Weekly Wymorean, August 28, 1930

Click image to open full size in new tab

Article Text

HINDS DROPPED Charles Hinds, Odell banker, has been cleared of charge of bezzlement In connection with the failure of the Hinds State bank, and been given continuance his three September 22. Hinds had been charged in the original action brought in district court by the bank receiver with tributing to the failure of the bank by embezzlement of $5,000. That charge was dismisesd last Thursday.


Article from The Diller Record, September 5, 1930

Click image to open full size in new tab

Article Text

Hinds Charge Dropped Charles N. Hind, Odell banker, has been cleared of a charge of embezzlement in connection with the tailure of the Hinds State bank, and has been given a continuance on his trial of three charges of irregularity until September 22. Hinds had been charged in the original action brought in district court by the bank receiver with contributing to the failure of the bank by embezzlement of $5,000. That charge was dismissed.


Article Text

TEN PER CENT IDEND A ten per cent dividend to the depositors the Hinds State bank of Odell was approved yesterday by District Judge Fred W. Messmore upon application of the bank receiver. The dividend increases the repayment to depositors of the failed institution to 35 per cent. Liquidation is not yet complete.


Article Text

CHARGE EX-BANK HEAD TRIES TO BLOCK CLAIMS BEATRICE July Contending that Charles N. Hinds, former president the Hinds State bank of Odell, has concealed his assets to block collection just claims. H. Sible of Odell and Clarence G. Bliss, receiver the Hinds bank. have brought ac tion against Hinds