State Bank (Minatare, NE)

Episode Information

Episode UID
76101071550
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7610107 routing
Routing Number
76-1010
Start Date
February 23, 1929
Location
Minatare, Nebraska (41.809, -103.504)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
11661c01c9f99bb3

Response Measures

None

Description

Bank failed/closed and was placed in receivership and liquidated; no run described.

Events (5)
1. February 23, 1929 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failed to open and examiner turned affairs over to guarantee fund commission indicating insolvency/closure.
Newspaper Excerpt
which failed to open its doors for business on February twentythird.
Source
newspapers
2. March 1, 1929* Other
Newspaper Excerpt
turned the affairs of the State Bank of Minatare ... over to the Guarantee Fund commission for liquidation. Torgeson ... has been placed in charge of the local institution which failed to open its doors for business on February twenty-third.
Source
newspapers
3. May 1, 1931 Receivership
Newspaper Excerpt
Clarence G. Bliss as receiver of the State Bank Minatare, Nebraska, was plaintiff ... will ... offer for sale ... real estate ... Dated this 2nd day of April. 1931. ... Sheriff sale ... 4th day of May, 1931 .
Source
newspapers
4. October 16, 1931 Other
Newspaper Excerpt
The banks involved in the suit were the Citizens State of Geneva, Strang State bank, State Bank Minatare and the State Bank Nelson.
Source
newspapers
5. November 12, 1932 Other
Newspaper Excerpt
A. Torgeson, receiver of the State Bank of Minatare, announces depositors of the bank ... will be paid Nov. 12th ... third dividend payment ... total of twenty per cent paid depositors.
Source
newspapers

Newspaper Articles (11)
1. March 7, 1929 Minatare Free Press Minatare, NE
Article from Minatare Free Press, March 7, 1929

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Article Text

PROSPECTS SEVERAL INTERESTED BANKERS ARE INVESTIGATING A. E. Torgeson Placed in of Charge Assets of Defunct State Bank of Minatare The department of Trade and Commerce, through examiner, Lau, of the books of the State Bank of Minatare last Friday afternoon and turned the fairs of the bank over to the Guarantee Fund commission for liquidation. Torgeson, formerly connected with the First National Bank at Bayard, and until recently in charge affairs of the defunct American State at Scottsbluff has been placed in charge of the local instituwhich faidel to open its doors for business on February twentythird. The bank open now during regular banking hours and patrons the are permitted to get their belongings from the safety deposit vault, to get their statements and cancelled checks. Mrs. Inez Houck, who has been employed as bookkeeper in the bank for the past eral years is retained in the service of the guarantee fund commission. The depositors committee, appointat meeting of the depositors, soon after the bank failure made vain effort to reopen the closed bank, but have been working diligently work out ways and means will best protect the depositors. The mittee composed of E. Clough, Harry Johnson, Hary Conklin, Otto Juergens and Redding. Several persons interested in starting anothbank in this city have been here during the past week in conference with commission heads and the committee. and new bank may be reality within short time acording reports being circulated. officially stated that one application has been filed for new state bank charter and there very strong probability application will filed for National bank charter within few days. ladies aid food and apron sale will be held March 30th at Fry's store. -m7. Carter, district judge, of Gering was Minatare visitor yesterday afternoon. Hill of Alliance visited the home of his sister. Mrs. Clough, in this city yesterday. Dwiggins and Mrs. visited the Whitcomb home in Scottsbluff Saturday. Powel returned Friday from Rapid City, South Dakota, where he had been called by the death of his mother. Chas. Howard and daughter Shirley of Lyman visited Tuesday the Hathaway and E. R. Bollhoefner homes. Art Stempfig and Mrs. Stempfig, of Mitchell spent nesday at the home of Mrs. Faust in this city. Eastern Star Kensington met at the home of Mrs. Tuesday with Mrs. Swindell assistant hostess. E. H. Johnson entertained her Sunday school class at taffy pull, Monday after school. most delightful afternoon was spent. Friday afternoon bridge club met at the home of Mrs. George Webb, last Friday. High score awarded Mrs. Clyde Haring. Aftdelightful afternoon most delicious lunch was served. and Mrs. Morris of Oshkosh, Nebr., speak M. church the evening the 13th of March. The meeting called to organize Queen Esther branch of the Missionary orciety, All girls from 12 years ganization. 18 years of age are eligible to members. Everyone is cordially come invited

2. November 20, 1930 Nebraska Signal Geneva, NE
Article from Nebraska Signal, November 20, 1930

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Article Text

Acquitted. Johnson, former of the defunct State bank Minatare, charged embezzacquitted here Saturday by district court jury. The described in the two the and cash. the funds they were $500 taken the he claimed lieu voted the bank directors handling real estate purchase the bank. State guaranty fund commission members several state bank receivers were here testify. received the case Friday afternoon. Turkey Irons, ironing helps, ways different articles clothing discussed the Creek club, at the home of Mrs. James Delaney. The meeting opened with then the club members The business meeting elect secretary vote taken William elected. close the meeting licious luncheon served Rohla, Frank We meet Friday, home of Mrs. James Mrs. Schmidt Mrs. John Spohn helping Ernest Sutter among The Signal's callers Friday. before caring for sick horse.

3. May 1, 1931 Scottsbluff Republican Scottsbluff, NE

Article Text

LEGAL NOTICES NOTICE OF SHERIFF'S SALE Notice is hereby given that pursuant to a decree of the District Court of Seotts Bluff County, Nebraska, entered in certain action therein pending wherein Clarence G. Bliss as receiver of the State Bank Minatare, Nebraska, was plaintiff and Noah Houck and Mar tha J. Houck and Albert Ofnes, were defendants, the undersigned, Sheriff of Scotts Bluff County, Nebraska will on the 4th day of May, 1931, at the hour of one o'clock P. M., at the east front door of the County Court House in Gering. Nebraska, offer for sale and sell at public auction to the highest bidder for cash the following described real estate to wit: CommencIng at a point 32 rode east of the west line of the Southwest quarter of Section eight (8), in township twenty one (21), North Range fifty three (53), West of the 6th P. M. and two rods south of the North line of said quarter section running thence east eight rods (8), thence south twenty (20) rods, thence west eight (8) rods, thence north twenty reds to the point of beginning and known as Lot numbered five (5), in Wiles Addition to East Minatare, Scotts Bluff County, Nebraska. Said sale to be held open for the period of one hour. Dated this 2nd day of April. 1931. 97-1. VINCENT S. RAMSEY, Sheriff.

4. September 23, 1931 Osmond Republican Osmond, NE

Article Text

Bank Receiverships Are Denied Luikhart Denying application of E. H. Luikhart, secretary of the state department of trade and commerce, District Judge Carter Thursday assigned a number of independent bank receiverships in western Nebraska to A. E. Torgeson of Scottsbluff. Judge Carter recently announced in other receivership actions that he would not appoint Luikhart in place of Clarence G. Bliss, former secretary, or other receivers, until he had assurance that Governor Bryan would not interfere. The independent receivership transfers were made after H. C. Peterson of Lodgepole, resigned. The Bridgeport, Angora and Broadwater banks were then placed under Torgeson's jurisdiction. Peterson will file final reports at once on the American State bank of Scottsbluff and the Security State bank of McGrew, and will resign from their receiverships it was stated. Togerson is expected to also be assigned these banks. Inasmuch as affairs of the Oshkosh State, Minatare and Gering State banks are nearly wound up, Mr. Peterson is expected to close the receiverships within a short time. SIDNEY.—H. C. Peterson of Lodgepole, receiver of a number of failed banks in western Nebraska, has resigned as receiver of the Bridgeport, Angora State and Broadwater State banks. District Judge Carter appointed A. E. Torgeson to succeed Peterson. Applications for the appointment of E. H. Luikhart, secretary of the state commerce department, as receiver were on file with Judge Carter but he said he would not make the appointment until Luikhart had agreed to work under the direction of the court.

5. October 16, 1931 The Columbus Telegram Columbus, NE

Article Text

RECEIVERS Oct. 16 four failed state banks in which Monroe Bolton, former Geneya lumberman, stock. lost in the state supreme court today in tempt hurry collection of contingent claims his estate. County court had approved the executor's final report, but because of contingent claims filed by directed that the propervalued $70,000, be held until order. The supreme court ruled that the secured in county court all the relief to which they were entitled and cannot appeal therefrom. Bolton died in September. 1927, leaving an estate valued at $135,000. The banks involved in the suit were the Citizens State of Geneva, Strang State bank, State Bank Minatare and the State Bank Nelson. Frank Harmer, convicted in Cass county stealing hogs, denied trial by the state's high court today. term of one to three years in prison.

6. October 16, 1931 Fremont Tribune Fremont, NE

Article Text

BANK RECEIVERS LOSE ON APPEAL LINCOLN, four failed state banks Monroe Genstate held stock, lost court Friday attempt to contingent claims against his County court had approved the executor's final but claims filed by ceivers directed that the property $70,000 be held ther order. court ruled that the receivers secured county court all relief which they entilled and cannot appeal thereBolton died in September, leaving estate at $135,000 The in the State of Strang State bank, State Bank Minatare and the State Bank Nelson. Harmer, convicted in Cass was the state's high one to three years prison.

7. October 16, 1931 The Hastings Daily Tribune Hastings, NE

Article Text

COURT RULES BANKS MUST AWAIT ORDER Can Not Hurry Stock Assessment Claims Against Geneva Man's Estate. Receivers of four failed state banks in which Monroe Bolton, former Geneva lumberman held stock, lost in the state supreme court today in an attempt to hurry collection of contingent claims against his es tate. County court had approved the executor's final report, but because of contingent claims filed by receivers directed that the property valued at $70,000 be held until further order. The supreme court ruled that the receivers secured in county court all the relief to which they were entitled and cannot appeal therefrom. Bolton died in September, 1927, leaving an estate valued at $135, 000. The banks involved in the suit were the Citizens State of Geneva, Strang State Bank, State Bank of Minatare and the State Bank of Nelson. Frank Harmer, convicted in Cass county of stealing hogs, was denied a new trial by the state's high court today. Harmer was sen tenced to term of one to three years in prison. ELECTROCUTE 4 MURDERERS murderers went to their deaths to day in Cook county's new electric chair. A fifth obtained a last minute stay on insanity claims. Frank Jordan, slayer of two po licemen: Charles Rocco, who par ticipated in the killing of a banker during holdup: John Papescu, Rocco's partner in the murder of Courtney Merrill, and Richard Sul livan, co-slayer of a restaurant owner, were the ones to pay the death penalty.

8. November 6, 1931 The Alliance Times-Herald Alliance, NE

Article Text

Torgeson Made Receiver When Bliss Resigns Gering-District Judge E. F. Carter Monday accepted the resignation of Clarence G. Bliss, former secretary of the state department of trade and commerce, as receiver of seven defunct state banks in western Nebraska. A. E. Torgeson of Scottsbluff, assistant to the receiver, was named to the position vacated by Bliss. Torgeson filed bond immediately after his appointment. Judge Carter previously had denied the application of E. H. Luikart, present secretary of the commerce department, for appointment as receiver. According to state law, the commerce department secretary shall be receiver of failed state banks. Judge Carter, however, declined to transfer the receivership to Luikart, saying he would not make the transfer to Luikart until he was assured there would be no interference from Governor Bryan. The seven banks are located at Bridgeport, Bayard, Lyman, Mitchell, Scottsbluff and Minatare. Torgeson now is receiver of eleven failed banks in this district. Thrift-T service 7c per lb. Model Laundry. Phone 168.

9. November 26, 1931 The Scottsbluff Pioneer Scottsbluff, NE

Article Text

Luikhart Files Suit To Oust Torgeson as Failed More fireworks broke out this week in the defunct bank situation in westNebraska, when word was received that E. H. Luikart and Gov. Bryan were filing suit to have Torgeson removed as receiver eleven failed banks in western Nebraska. Torgeson was appointed by Judge E. Carter some time ago. The Governor charges that Torgeson has received more pay than any other bank receiver, and that such excess salary must come out of the depositors' share of recovered funds in failed banks. further declared that banks in of the state would not pay out percent under Torgeson. Mr. Torgeson states that he will be glad to have an investigation of his management of failed banks. He cites several instances where banks he has handled have paid out considerably more than that, as follows Irrigators, Scottsbluff, 57 per cent; American State, Scottsbluff, 58.25; American bank, Mitchell, 50; Bank Bayard, Bayard, 50; Nebraska State, Bridgeport, 55.9; Mitchell State, Mitchell, 35.5; Lyman, 17; State Bank. of Minatare, Minatare, Bridgeport bank, Bridgeport, 16 per cent.

10. December 1, 1931 The Alliance Times-Herald Alliance, NE

Article Text

RECEIVER ISSUE TO THE SUPREME COURT State Bank Department Protests the Appointment of Torgeson by District Judge Right of a district judge to appoint a man other than the secretary of the state department of trade and commerce as receiver for a failed state bank was placed before the Supreme court Tuesday morning when Governor Bryan's banking department appealed from refusal of District Judge Carter to name E. H. Luikart as receiver for five failed banks in Scotts Bluff county. The five banks, State bank of Minatare, Mitchell State bank, Irrigator's bank, Scottsbluff. Lymar. State bank and American bank, Mitchell, were ones in which Judge Carter appointed A. E. Torgeson as receiver instead of Luikart. The western judge discharged Clarence G. Bliss as receiver following submission of final reports but denied the application of Luikart for appointment as receiver. Torgeson, who had been assistant receiver of the banks, and who was held by the court to be familiar with their affairs and competent to administer the receiverships, was named instead.

11. November 10, 1932 Minatare Free Press Minatare, NE

Article Text

STATE BANK RECEIVER TO PAY 5% DIVIDEND NOV. 12 Will Be Paid Depositors in 5% Payment Now 29% A. Torgeson,, receiver of the State Bank of Minatare, announces depositors of the bank, on Sat November 12th. The made the First National Bank on certificates This the third dividend payment and makes total of twenty per cent paid depositors. The amount of the ment to be made Saturday $9,310.-