Brainard State Bank (Brainard, NE)

Episode Information

Episode UID
76101571580
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7610157 routing
Routing Number
76-1015
Start Date
August 17, 1931
Location
Brainard, Nebraska (41.184, -97.004)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
38458a54cf8c5c87

Response Measures

None

Description

Receiver appointed Aug. 22; later asset dividend paid June 1932, indicating failure rather than successful reopening.

Events (3)

1. August 17, 1931 Suspension
Cause
Local Banks
Cause Details
Closings attributed to recent bank suspensions in Omaha which precipitated other state banks to fail to open.
Newspaper Excerpt
Six Nebraska state banks today failed to open for business ... the Brainard State bank of Brainard
Source
newspapers
2. August 22, 1931 Receivership
Newspaper Excerpt
Governor Bryan today announced the appointment of ... T. J. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard; ... E. H. Luikart ... is the receiver for all the closed state banks.
Source
newspapers
3. June 2, 1932 Other
Newspaper Excerpt
Depositors of the Brainard State bank received 40 percent or $97,238, also a first payment.
Source
newspapers

Newspaper Articles (17)

Article Text

Nebraska Banks Close Doors Today Lincoln, Neb., Aug. state banks today failed open their doors for and both Charles W. Bryan and E. H. Luikart, secretary of the state of trade and commerce, said the closings were the result of recent bank suspensions The six banks had total deposits $1,180,000. They are the First State bank the Dwight; the Brainerd State bank Brainerd; the Bruno State bank Bruno; the Butter County bank Davis City and the Leigh State bank of Leigh.


Article Text

6 Nebraska Banks Fail To Open Doors Today LINCOLN, Neb., Aug. 17.-(P)- Six Nebraska state banks today failed to open their doors for business and both Gov. Charles W. Bryan and E. H. Luikart, secretary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The banks are the First State bank Pleasant Dale. the Dwight State bank of Dwight, Brainard State bank of Brainard: the State bank of Butler County bank of Davis City, and the Leigh State bank of


Article Text

Nebraskans Feel Effect Of Omaha Bank Closing Lincoln, Neb., Aug. 17 Nebraska state banks today failed open their doors for business both the state trade and said the closings the result of bank Omaha. The six banks had total deposits The banks the First State Bank Pleasant Dale: the Dwight State Bank Dwight: the Brainerd State Bank of Brainerd the Bruno State Bank Bruno: the Butler County Bank of David City, and Leigh State Bank of Leigh.


Article Text

NEBRASKA BANKS QUIT. Six Failures Follow Recent Susin Omaha. LINCOLN, Neb., Aug. Six small state banks failed to open for today. Governor Charles W. and H. Luikart, of the state of trade and commerce. said the the sult of recent bank suspensions in The six banks had total deposits of They were the First State Bank of Dale, the Dwight State Bank of Dwight, the Brainard Bank of the Bruno State Bank of Bruno, the Butler County Bank of Davis City and the Leigh State Bank of Leigh.


Article Text

Six Small Nebraska Banks Fail to Open Lineoln, Nebr. small Nebraska state banks failed to open for business today. Gov. Charles W. Bryan and E. K. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of $1,120,000. They were the First State bank of Pleasant Dale: The Dwight State bank of Dwight, The Brainard State bank of Brainard; The Bruno State bank of Bruno; The Butler County bank of David City, and the Leigh State bank of Leigh.


Article Text

Six Banks Fail to Open Doors Nebraska State Bank Closings tributed to Recent Omaha Suspensions Lincoln, Nebraska banks today failed their doors for business Gov. Charles Bryan Luikart, secretary state partment of trade and commerce said the closings were the result recent bank suspensions in Omaha. six banks had total deposits approximately $1,180,000. The banks are the First State bank Dale; the Dwight State bank of Dwight; Brainard State bank of Brainard; the Bruno State bank of Bruno; the Butler County bank of Davis and the Leigh State bank of Leigh.


Article Text

Six Small Banks In Nebraska Closed LINCOLN, Neb., Aug. small Nebraska state banks failed to for business today. Governor Charles and Luikart, secretary the state of trade said the were the result recent in Omaha. The six banks had total deposits They were the First State bank of Pleasant Dale, Dwight State bank of Dwight, the Brainard State bank Brainard, the Bruno State bank Bruno, bank of David and the Leigh State bank of Leigh.


Article Text

Six State Banks In Nebraska Close Doors Lincoln, Neb., August 17 banks, estimated $1,120,000 voluntarily their doors today. The closures, to Charles W. who for the State "direct result of the Omaha. Union State Bank of Closed today were the following state banking State Bank, Pleasantdale; State Dwight: BrainBrainard; Bruno State Bank, Butler County Bank, David City; Leigh State Bank,


Article Text

STATE BANKS FAIL WITH UNION Six Small Banks in Bohe. mian Communities Are Closed as Direct Result. Governor Bryan announced that small state banks morning result the closing of the State Bank of Omaha." Horacek the Union State Omaha. The banks closed Monday were: First State bank, Pleasantdale. Dwight State bank, Dwight. Brainard State bank. Brainard. Bruno State bank, Bruno. Butler State bank. David City. State bank Leigh. The that the officers financial structure these banks are follows: State deposits deposits vice president


Article Text

Six Small Nebraska State Banks Closed Associated Press) Six small Nebraska state banks failed open today Governor Charles Bryan and E. H. Luikart retary of the state department of trade and commerce. said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits approximately 180,000 They the First State bank of PleasDale the Dwight State bank Dwight the Brainard State bank Brainard Bruno State bank Bruno. the Butler County bank of Davis City, and the Leigh State bank of Leigh.


Article Text

HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.


Article Text

Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.


Article Text

VETERINARIAN Given to Sick Serum Man but Death Comes Frank Lynch, Suvverkruble, veterinary living near Neb., dead of anthrax. Dorsey, had been given serum but He his condition was very serious from the start. He sick for five days. CLOSED BANK RECEIVERS ARE CHOSEN BY BRYAN Lincoln, Special: Gov. Bryan announced appointment following receivers recently failed state banks:! H. Reif. Bloomfield, Liegh State bank, Leigh: Brozek, Chadron, Bruno State bank, Bruno, and Bank Brainard, Hall, Lincoln, State bank Omaha; Barak, South Omaha State bank; Haase, Norfolk, Farmers Merchants, M. Whalen, Lincoln. First state bank, PleasantButler county state David City: E. Schuyler, Dwight State bank, Dwight: Lad, Lincoln, state examiner in charge of Union bank, Omaha. Secretary Luikart of the 5ment of trade and commerce, receiver all failed state banks and appointees serve his assistants. Gov. Bryan said was the policy of the department trade commerce to use the most efficient on the staff rather than to make political appointments. FLORIDAN ORDERS COYOTES FROM NEBRASKA RESIDENT paper publicity does pay, in the opinion of Edward Winkler. man residing Verno Beach, Fla., dered two baby coyotes from him after reading of coyote captures. According trouble should be experienced in filling the order. TIN CAN POISONING IS FATAL TO SEVERAL PIGS Emmett, D. H. Bennett O'Neill diagnosed affliction that killed several pigs the Guy Beckwith ranch tin poisoning. Buttermilk had been allowed stand several days. Acid forming the milk thought to have corroded the tin.


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COUNTY EXCHANGES Rising City Independent The Morgan children were all home over the week end and a delightful family reunion was enjoyed in the parental home. On Wednesday evening the Rising City band played their last concert for the year. The boys have been very faithful during the summer and have entertained hundreds of people at their Wednesday evening programs, who will recall with pleasure the evenings spent in listening to the splendid music. Rising City boasts of having a progressive town board, who watches for and makes needed improvements as finances will allow. At the last meeting they decided to grade and gravel the street to the school house, which will be one of the best and most needed improvements that could be made. Mr. and Mrs. Chas. Babb, Dick and Doyle and Max Shrader were Columbus visitors Sunday. While there they were guests of Charles Miller for an airplane ride. The three boys "got a thrill" they will not forget for a long time. What could boys enjoy more than a trip in the air? Brainard Clipper While Mr. and Mrs. Rudolph Osmera were at a party in Brainard Monday evening, someone stole about fifty of their silver lace Wyandotte chickens. John Piitz threshed the crop of alfalfa seed, Tuesday, which his brother-in-law Anton Schmitz, had harvested from about 3ยฝ acres. He tells us that the seed was excellent quality and the yield 38 bushels, or 11 bushels per acre. With the price about $10 per bushel this patch of alfalfa will net Anton a nice piece of money. Joe Pekarek was rather skeptical of Andrew Behne's claim to a stalk of corn with six ears thereon and when Andrew took him out to prove it they discovered one that had ten ears on it. The ears, however, are about like the extra legs usually found on freak many-legged animals most of them being merely a start of an ear with a small cob and a little silk. John Kugler Jr. returned home Tuesday evening after nine months service in Uncle Sam's army, during which time he was stationed at Ft. Logan, Colo., and in the Hawaiian Islands. John says he has had enough army life to satisfy him for time. Considerable effort has been put forth by the former officers and directors of the Brainard State Bank and other persons interested in the re-organization of that institution and we are reliably informed that the prospects are quite promising. The re-opening of the Union State Bank of Omaha seems to be practically assured, anl its opening would release the money which our local has on deposit there and materially assist with re-organization. Bellwood Gazette Miss Mabel Graves, daughter of Mr. and Mrs. Virgil Graves, was united in marriage to Mr. Joseph Keller at Schuyler, on Wednesday. Mrs. J. Carpenter who has been seriously ill since being removed last Thursday to the home- of "her daughter, Mrs. Cecil Hall, is reported now slowly improving. Miss Gussie Kircher, who has been spending the summer with her broter, Joe Kirchner and family at Alliance returned home Monday. She also visited her sister, Mrs. A. Janicek, and family at Kimball. The Dist. 13 L. F. B. club ladies treated their husbands and families to a pienic at Pawnee park last Sunday. A general pienic dinner was served at noon to which all did full justice. The afternoon was pleasantly spent in visiting. All but three families were present.


Article Text

POISON BRAN REQUIREMENT State to Require Adherence to Standard Formula. D. F. Felton, deputy secretary of agriculture, announced Wednesday the state would require producers of a poison bran mixture for combatting grasshoppers to adhere rigidly to the formula prescribed by the department. Felton said it was necessary to abide by uniform formula if the state expects to attain maximum results in its second year's cam paign against the insects. He ex pected little difficulty, he said, in enforcing the order. The ingredients demanded by the state are: Flaked wheat bran, free of shorts, 100 pounds; arsenic, crude or white, containing 98 percent arsenic trioxide, 5 pounds: black-strap molasses, cane, two gallons The state also will require that the arsenic shall be mixed with the dry bran, the molasses added hot, and all ingredients mixed thoroly before sacking Felton said the following substitutes would not be tolerated. sodium arsenate, black arsenic cattle molasses from beet sugar factories; peanut hulls, mill sweep ings or other bran substitutes. This mixture, Felton said, also has the approval of the entomologists of the state university. bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers C. Ruigh, president: William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent $99,679 to depositors of the Merchants State bank of Winside, being first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first/ payment.


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BANK AT TRYON REOPENS Half Million Paid to Depositors of Failed Banks. One bank reorganized, one failed and payment of $517,553.62 in dividends to depositors of failed banks in the month of April were reported by Secretary Luikart of the department of trade and commerce. Tryon State bank reorganized, recapitalized and made solvent by stockholders, reopened for business Wednesday. The bank suspended Jan. 8. Capital stock is $10,000. Surplus $2,500. Officers of the new bank are: L. A. Warden, president, and A. C. Hill, jr., cashier. The plan of reorganization contemplates ultimate payment of depositors in full. Upon request of the officers, the department of trade and commerce has taken charge of the Firth bank, pending reorganization. Examiner Richard Hadley has taken charge. The deposits are about $140,000. Officers are: J. C. Ruigh, president; William Kramer, vice president and John Doeschot, cashier. Payment of $517,553.62 paid in April from assets of failed banks went to depositors of twenty-one banks. The largest payment was 45 percent or $99,679 to depositors of the Merchants State bank of Winside, being a first payment. Depositors of the Brainard State bank received 40 percent or $97,238, also a first payment.


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FEDERAL COURT NEW CASES In re Jacob Horacek of Brainard, Luikart recvr Brainard St Bk allege creditors of $6377.75 & asks for invol pet in bankruptcy, W A Crossland, J J Thomas In re Eric J Erickson merchant of Wahoo, vol pet in bankruptcy, assets $7587 but $650 exempt, debts $8696.17 ord adj, Hendricks & Kokjer Prudential Ins Co V Frank H Kreifels et al mtg foreclosure on land in Otoe Co, Perry, Van. Pelt & Marti, Q Joyner In re Edw Kulla of Lincoln, vol pet in bankruptcy, assets $100 and all exempt, debts $696.51 ord adj, Lloyd E Chapman In Jones Mtr Co of Talmage same, assets $3651.08, debts $2,814.73 ord adj, Mueller & West In re Clarence E Wilson mgr Red Feather Stamp Co Lincoln vol pet in bankruptcy, assets $876.98 & all claimed exempt; debts $2392.30, ord adj, Wm Niklaus, J E Mockett In re Delorma M Douthett Lincoln Contin Nat Bk & Edw J Offer pet for invol bankruptcy, Beghtol & Foe, J Lee Rankin, Frederick J Patz Della J Tait V U S A ins benefits $8895.25, M M Schmidt-affi & ord to file pov affi In re General Automotive Co, garage & machine shop of Lincoln vol pet in bankruptcy, schedules not filed, ord adj, John Jacobson