Central City National Bank (Central City, NE)

View Charter #8385 on SPMC View balance sheet

Episode Information

Episode UID
838501599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
83850 national
Charter Number
8385
Start Date
March 1, 1933*
Location
Central City, Nebraska (41.116, -98.002)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
908efdf3bfcdfb51

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-11-01
Date receivership terminated
1937-07-31
Share of assets assessed as good
72.9%
Share of assets assessed as doubtful
26.4%
Share of assets assessed as worthless
0.7%

Description

Articles state the bank was closed by presidential order in March 1933 and later placed in receivership in November 1933.

Events (4)
1. October 2, 1906 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed during the March 1933 federal banking holiday ordered by the president.
Newspaper Excerpt
closed by presidential order in March
Source
newspapers
3. November 1, 1933 Receivership
Source
historical_nic
4. November 1, 1933 Receivership
Newspaper Excerpt
Hall of Greenwood ... was assigned November receiver; ... Central City National Bank ... declared insolvent and receivers appointed.
Source
newspapers

Newspaper Articles (7)
1. November 9, 1933 Central City Nonpareil Central City, NE

Article Text

BANK RECEIVERSHIP COMES AS SUPRISE Central City National Will Be Closed Out by Hall of Greenwood, Nebr. Despite general local belief in early of the CenCity National bank, closed by presidential order in March, the federal government ordered early this month. Hall of Greenwood, former president the Nebraska Bankassociation, was assigned vember receiver, and came Saturday of last week. The stitution will be formally turned over to Hall by ConservCarns, under whose rection been collecting and operating with restrictions. Local hopes were raised some weeks ago when an Associated Press dispatch named the Central City National one four insti-

2. November 14, 1933 Evening Star Washington, DC
Article from Evening Star, November 14, 1933

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Article Text

$16,084,000 RESTORED IN BANK REOPENING Thirteen National Institutions Red ported Again in Operation This Month. By the Associated Press. The opening of 13 national banks during the first 10 days of November was announced by J. F. T. O'Connor yesterday to have restored $16,084,000 in deposits. During the same period, six national banks had their reorganization plans approved by the Treasury, involving $2,825,000 in deposits. The controller reported that two banks with approved reorganization plans have been declared insolvent and receivers appointed. These were the Jefferson County National Bank of Brookville, Pa., with $1,507,000 of deposits, and the Central City National Bank of Central City, Nebr., with $98,000 in deposits.

3. November 14, 1933 The Cincinnati Enquirer Cincinnati, OH

Article Text

REPAYMENTS Greater Than Loans. R. Reports Operations For Third Quarter. Closed Banks Get $122,500,000 Of Since Formation 2.6 Billions. Washington, November Reconstruction Corporation received more money repayments during the last three months than loaned to aid business and agriculture. summary of the corporation's report for the third quarter, ended September 30, disclosed today that it had disbursed and recelved repayments totaling $238, 186,400. that corporation had nearly half million dollars less outstanding than on June 30. From the time of its formation. 1932, the corporation has disbursed out authorizations totaling During third quarter corporation loaned banks and trust companies which assist reorganization or of closed banks. Loans Are Iltemized. Loans to building and loan associations insurance unions, $10,000; loan $20,663,842; joint stock land banks, credit corporations, $470,520; rediscounts for gional agricultural credit corporations, $30,015,863; Federal land banks, $5,000,000; credit corporations, $400,000, and railroads, Under the 1932 Emergency Relief Act, 19 loans aggregating under another section $53,880,543 loaned for nancial sales agricultural surpluses foreign markets and finance orderly marketing of agricultural commodities and stock. Advances banks on preferred stock during quarter totaled and subscriptions for preferred stock banks and trust companies, $19,337,500. The corporaalso purchased $500,000 of bank debentures. Cotton Loan Listed. In connection with the preferred stock purchases, was that since September 30 many millions dollars stocks and debentures either have been their purchase During the quarter Secretary Agriculture allowed $3,500,000 with which purchase cotton. The opening National Banks during first 10 days of Novemwas announced O'Connor have restored $16,084,in deposits. During same period six National Banks had their reorganization plans approved the Treasury, involving $2,825,000 in deposits. Comptroller reported that two banks reorganization plans been declared insolvent and appointed These the County Brookville, with deposits, and the City Bank of Central City, Neb., with $98,000 in deposits.

4. November 17, 1933 Aurora News-Register Aurora, NE

Article Text

Wind Shatters Plate Glass Front While the severe windstorm of last Sunday was at one of the points of its height it destroyed the north section of the west plate glass front in the Grosvenor building at the northeast corner of the square. The blast that took the big glass out and completely shattered it struck it at about five o'clock in the afternoon. The building is occupied by the Iowa-Nebraska Light and Power company offices and at the time the big window went out there was a large display of electric light bulbs in the window. Despite the fierceness of the gale and the square sweep it had at the window the pieces of glass fell outward to the walk. Of the big stock of light bulbs in the window only one was broken, a really remarkable circumstance. This was the largest single bit of damage done by the storm in this city. —Colonel Phil Hall, of Greenwood, prominent in Legion and military circles in the state, was last week called to Central City to take charge of the affairs of the closed Central City National Bank. As receiver Colonel Hall will liquidate the affairs of the bank. He is now paying out the trust deposit funds. What amount will be recovered on the old deposits is purely speculative at this time. —Peter Stohl left his forge and anvil long enough the latter part of the week to make a trip to Kearney for a short visit with Mr. and Mrs. Gus Stohl and to take in the big fight bill staged in that city Friday night. Mr. Stohl made the trip by bus and had an enjoyable time at the home of the son and attending the boxing bill.

5. December 28, 1933 Central City Nonpareil Central City, NE

Article Text

Oliver Bay of Battle Creek, Ia., is spending part of the holiday vacation in Central City. Crispy Waffles at Candyland Cafe & Confectionery. Mr. and Mrs. M. L. Clark and son, Laurence, spent Sunday and Christmas day at Blue Hill with Mrs. Clark's relatives. Mrs. Clark stayed for a longer visit. Mr. and Mrs. Ray Prime and daughter left Saturday for Arapahoe to spend the holiday season with relatives, returning Tuesday. Mr. and Mrs. O. A. Jernberg spent Sunday in Palmer with her sister and husband, Mr. and Mrs. Bruce Gage. Mr. and Mrs. H. A. Armstrong returned home Wednesday after spending the Christmas season with their son, P. C. Armstrong, and family and a daughter, Mrs. Shaw Little, and family at Clarks. Harold Toller of Council Bluffs, Ia., spent Sunday afternoon and evening in the city with friends. Eddie Kozal of Hastings spent the fore part of the week with his parents, Mr. and Mrs. Pete Kozal. Mrs. Anna Hoare and children, Marion, Alvin and Keith, motored to Cedar Rapids Christmas morning, where they spent the day with the former's sister, Mrs. T. J. Evans. Mr. and Mrs. Ralph Demel and daughter, Virginia, spent Christmas day with her parents, Mr. and Mrs. George Staats, at Fremont. Mr. and Mrs. John Kelly and daughters, Jean, Irene and Marilyn of North Bend and Mr. and Mrs. Browning Warren and children, Phyllis and Sammy of Lincoln spent Christmas at the S. B. Starrett home and at noon a big turkey feast was enjoyed. Miss Ann McCreary went to Wayne Christmas day to spend a few days with friends. Miss Leone DeBrunner of Cozad arrived Friday to spend several days at the home of her uncle, George DeBrunner, and family. Mr. and Mrs. Harry Persons and children attended a family dinner at the Ira Packer home in District 50 Christmas day. Gerald Tooley of Kearney spent Christmas day with his mother, Mrs. Mable Tooley and grandparents, Mr. and Mrs. W. W. Moore. Mr. and Mrs. Cecil Potter and sons spent Sunday and Monday at Albion with relatives. Miss Estellene Wilson arrived home Sunday from Clarkson for the holiday vacation with her parents, Mr. and Mrs. M. H. Wilson. Miss Helen and Laurence Bryan and Clarence Reed, students at the Baptist college at Sioux Falls, S. Dak., arrived home for the holiday vacation with their respective parents. Misses Lena and Ruth Bryan, teachers at Stromsburg, also are enjoying a vacation with their mother. E. L. Hall and family spent Sunday at Hastings with her father, W. J. Pottorf, and Christmas day in the C. W. Hall home at Hastings. Mr. and Mrs. Ellis Anderson of Grand Island spent Christmas day with her parents, Mr. and Mrs. J. B. Gleason. Mr. and Mrs. Everett Crites of Lincoln were guests at the R. Tooley home from Saturday afternoon until Tuesday. Mr. Pool and Rolland Wunderlich, teacher at Marquette, left Friday evening by auto to visit friends and relatives in Chicago during the holidays. P. E. Hall, bank receiver at the Central City National bank, spent Sunday and Monday at Greenwood with his family. Miss Margaret Reed of Chicago arrived Saturday to spend the holidays as a guest of Mrs. Lela Montgomery. Ted Ratcliff was a passenger to Kearney Christmas night. Mr. and Mrs. George Hedges and three sons of Lincoln came Christmas day to her parents, Mr. and Mrs. Sam Crawford, and other relatives. They returned home Tuesday afternoon. Mr. and Mrs. Ray Poage and Mrs. Sarah Poage and Mr. and Mrs. J. F. Shafer of Lincoln were guests of Dr. and Mrs. J. E. Shafer of Marquette Christmas day.

6. February 1, 1934 Central City Nonpareil Central City, NE

Article Text

Mr. and Mrs. Chas. Campbell left Sunday morning for Enumclaw, Wash., in response to word that their son, Horace, was seriously ill with pneumonia. He passed away early the following morning. Co. Supt. Pearl Simmons and Mrs. Pearson of Aurora left Monday to attend the county superintendent's convention in Lincoln this week, expecting to return late Friday evening. Mr. and Mrs. P. C. Armstrong and W. C. Kerr attended the funeral service of M. M. Kokjer at Clarks Monday. P. L. Hall, receiver at the Central City National bank, transacted business in Omaha Monday. Mr. and Mrs. L. R. Barnes of Creston were visiting with relatives and transacting business in the city Saturday. Mrs. Walter Cast, who is receiving medical treatment in St. Francis hospital at Grand Island, is expected home the latter part of the week. Earl Crawford and family spent Sunday in Columbus with her parents, Mr. and Mrs. Joe Poeffel. Lee Naumenberg of Cedar Rapids transacted business in the city Thursday. Misses Esther Kline and Lela Nispel, teachers, spent the weekend in Lincoln. Ted Skiff and family moved recently from Grand Island in with his parents, Mr. and Mrs. J. B. Skiff. Ted is now engaged in wholesaling candies in this part of the country. Victor Blase of Hordville transacted business in the city Saturday. New Spring Hats, off the face, Wide Brims and Turbans. Our selection is very complete, priced at only $1.36 and $1.66. Trotters. Mrs. Frank Lock of Grand Island spent Saturday and Sunday in the city with her parents, Mr. and Mrs. C. F. Newmyer. Rolland Wunderlich of Marquette was a dinner guest in the T. F. Benecke home Sunday. Misses Elsie, Irene McHargue and Kathleen Powell attended a B. Y. P. U. association banquet in Polk Saturday evening. Mrs. C. R. Combs of Omaha arrived Sunday morning to be a guest of her sister, Mrs. P. H. Cowgill, and brothers, Atty. E. E. Ross and A. B. Ross, this week. Alfred Johnson of Morrill is a guest in the W. A. Wilder and W. A. Everett homes.

7. July 12, 1934 The Lincoln Star Lincoln, NE

Article Text

PHIL HALL OUT CONGRESS Post As Federal Bank Receiver Prevents Candidacy. Phil Hall, former Greenwood banker and receiver for the Central City National bank, Thursday withfor the demodistrict federal bared his canddiacy Hall said letter to Seretary of State Swanson The comptroller the Washington recently issued that employes that federal cannot public Hall explained. for the nomination the second definitely withdrew from that race Thursday after keeping weeks tactics He closed the candidacy letter to the secretary state Bartling ticket. former who Thursday that close the voting