Citizens State Bank (Martinsburg, NE)

Episode Information

Episode UID
76112571598
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7611257 routing
Routing Number
76-1125
Start Date
February 24, 1933
Location
Martinsburg, Nebraska (42.508, -96.831)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
434b84d8782f754f

Response Measures

None

Description

Receiver Luikart is litigating stockholder liability; bank was taken over by the state/receiver.

Events (2)
1. February 24, 1933 Receivership
Newspaper Excerpt
Receiver Luikart of the Citizens State bank of Martinsburg, Dixon county, appealed to the supreme court Friday ... claiming the bank was solvent when it was taken over and that operation by the state was responsible for the depreciation in the value of assets.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank was taken over and operated by the state, with a receiver appointed (state receivership).
Newspaper Excerpt
Receiver Luikart of the Citizens State bank of Martinsburg, Dixon county, appealed to the supreme court Friday from a finding of Judge Ryan releasing ... from stockholders' liability.
Source
newspapers

Newspaper Articles (4)
1. July 15, 1931 Osmond Republican Osmond, NE

Article Text

BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.

2. February 24, 1933 Lincoln Journal Star Lincoln, NE

Article Text

MERE MENTION Fresh mushrooms 28c lb. Strawberries, boxes 35c. Pure Virgin olive oil $1.25 quart. Beachly Democratic luncheon club will Saturday noon the Cornhusker, with Lieutenant Governor Jurgensen as speaker. Depositors of the Snyder State have been paid of 3.5 percent, $4,739.73, by the of trade commaking total of percent or Earl Hansen, arrested several ago on of Hardy Clark charges of assault and battery, tried court morning, found guilty and fined $1 and Secretary of State Swanson has decided to hold hearing March at o'clock in supreme courtNo. on the objection filed by John M. Printup against renewal of the chattel agency license now held by Motors F1nance company of Lincoln. Receiver Luikart of the Citizens State bank of Martinsburg, Dixon county, appealed to the supreme court Friday from finding of Judge Ryan releasing Henry HarSchultz, guardian, Ruth Schultz and Annie Rakow Sioux City from stockholders' liability. The motion to dismiss was grounded the claim that the evidence did not sustain any judgment, that the bank was solvent when it taken over and that operation by the state was responfor the depreciation in value of assets, and that liability does not follow stock when it is received as legacy. Marriages are increasing in Nebraska despite financial conditions, according to the state bureau of vital statistics. Its report shows constant since 1929 when the total number of marriages was 10,202. The in 1930 was 10,248; in 1931 was 11,030; 1932 was 11,757. Nebraska has law requiring postof notice for five or ten days before the issuance of license, but several adjoining states have such laws. Douglas county, on the border of Iowa, shows an increase in marriages during the past four years except in 1930. Lancaster county, inland sixty more miles, shows decrease in 1932 when the total number was 694. There were 718 the year before, 820 the year before that and 808 in 1929. The supreme court Friday reversed its former holding, and awards to Arnold Vandenburg, justice of the peace in Center township, Butler county, compensation the sum of $15 week for 300 weeks and after that $12 week, along with $463 for medhospital fees. Justices Eberly and Paine dissented. Justice was member of township board, which gave him contract to dynamite some stumps. In an explosion he lost the sight of both eyes. Under the law was the duty of the board supervise road maintenance, but not to do work. The court says that while other members denied any contract to do the work, there was an implied one arising from the fact that they had him doing this blasting various parts of the township. This gives him the status of employe, and entitles him to compensation, since there is no law

3. February 24, 1933 Lincoln Journal Star Lincoln, NE

Article Text

MERE MENTION Fresh mushrooms 28c lb. Strawberries, 2 boxes 35c. Pure Virgin olive oil $1.25 quart. Beachly Bros.—Adv. Democratic luncheon club will meet Saturday noon at the Cornhusker, with Lieutenant Governor Jurgensen as speaker. Depositors of the Snyder State bank have been paid a dividend of 3.5 percent, or $4,739.73, by the department of trade and commerce, receiver, making a total of 29.5 percent or $39,949.30. Earl Hansen, arrested several days ago on complaint of Hardy Clark on charges of assault and battery, was tried in municipal court Friday morning, found guilty and fined $1 and costs. Secretary of State Swanson has decided to hold a hearing March 3 at 2 o'clock in supreme courtroom No. 2, on the objection filed by John M. Printup against renewal of the chattel loan agency license now held by Motors Finance company of Lincoln. Receiver Luikart of the Citizens State bank of Martinsburg, Dixon county, appealed to the supreme court Friday from a finding of Judge Ryan releasing Henry Harney, W. J. Schultz, guardian, Ruth Schultz and Annie Rakow of Sioux City from stockholders' liability. The motion to dismiss was grounded on the claim that the evidence did not sustain any judgment, that the bank was solvent when it was taken over and that operation by the state was responsible for the depreciation in the value of assets, and that liability does not follow stock when it is received as a legacy.

4. February 24, 1933 Lincoln Journal Star Lincoln, NE

Article Text

Receiver Luikart of the Citizens State bank of Martinsburg, Dixon county, appealed to the supreme court Friday from a finding of Judge Ryan releasing Henry Harney, W. J. Schultz, guardian, Ruth Schultz and Annie Rakow of Sioux City from stockholders' liability. The motion to dismiss was grounded on the claim that the evidence did not sustain any judgment, that the bank was solvent when it was taken over and that operation by the state was responsible for the depreciation in the value of assets, and that liability does not follow stock when it is received as a legacy. Marriages are increasing in Nebraska despite financial conditions, according to the state bureau of vital statistics. Its report shows a constant increase since 1929 when the total number of marriages was 10,202. The number in 1930 was 10,248; in 1931 it was 11,030; in 1932 it was 11,757. Nebraska has no law requiring posting of notice for five or ten days before the issuance of a license, but several adjoining states have such laws. Douglas county, on the border of Iowa, shows an increase in marriages during the past four years except in 1930. Lancaster county, inland sixty or more miles, shows a decrease in 1932 when the total number was 694. There were 718 the year before, 820 the year before that and 808 in 1929.