Bank of Otoe (Otoe, NE)

Episode Information

Episode UID
76065571582
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7606557 routing
Routing Number
76-0655
Start Date
October 1, 1931*
Location
Otoe, Nebraska (40.724, -96.117)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a4c41e669fae10d2

Response Measures

None

Events (3)
1. October 1, 1931* Suspension
Cause
Government Action
Cause Details
Bank was closed (ceased operations) in October and later placed in receivership by court order.
Newspaper Excerpt
The Bank of Otoe was closed in October.
Source
newspapers
2. November 19, 1931 Receivership
Newspaper Excerpt
Luikart Appointed Otoe Bank Receiver E. H. Luikart, secretary of trade and commerce, was appointed receiver for the Bank of Otoe, Neb., Wednesday morning by Judge James T. Begley in district court. The Bank of Otoe was closed in October.
Source
newspapers
3. February 27, 1934 Other
Newspaper Excerpt
Otoe Bank Receiver Files Suit for Note E. H. Luikart, receiver for the failed Bank of Otoe, has filed suit in district court against R. R. Irland, Otoe, for $2,000, alleged to be due on a promissory note given the bank by Irland June 3, 1931. Luikart sets forth in his petition that interest has been paid on the note up to February 20, 1934. He seeks to collect the principal, plus seven per cent interest from that date.
Source
newspapers

Newspaper Articles (2)
1. November 19, 1931 Nebraska Daily News-Press Nebraska City, NE

Article Text

Luikart Appointed Otoe Bank Receiver E. H. Luikart, secretary of trade and commerce, was appointed receiver for the Bank of Otoe, Neb., Wednesday morning by Judge James T. Begley in district court. It. was ordered by the court that the assets of the bank shall be placed in the hands of the receiver uponal providing bond fixed in the sum of $15,000. In reeciver was authorized and ordered to take possession of all books, records and assests of every kind and description belonging to the bank and he was empowered to proceed to colect all debts due and owing the bank as speedily as possibly. The court further ordered the receiver to file such suits as necessary to recover upon the indebtedness due the bank, subject to the approval of the court. The Bank of Otoe was closed in October.

2. February 27, 1934 Nebraska Daily News-Press Nebraska City, NE

Article Text

Otoe Bank Receiver Files Suit for Note E. H. Luikart, receiver for the failed Bank of Otoe, has filed suit in district court against R. R. Irland, Otoe, for $2,000, alleged to be due on a promissory note given the bank by Irland June 3, 1931. Luikart sets forth in his petition that interest has been paid on the note up to February 20, 1934. He seeks to collect the principal, plus seven per cent interest from that date.