Creighton National Bank (Creighton, NE)

View Charter #8797 on SPMC View balance sheet

Episode Information

Episode UID
879701584
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
87970 national
Charter Number
8797
Start Date
December 19, 1931
Location
Creighton, Nebraska (42.467, -97.906)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d86a19c7bc9ddb3c

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
45.0%
Date receivership started
1932-01-09
Date receivership terminated
1938-01-31
Share of assets assessed as good
21.4%
Share of assets assessed as doubtful
70.8%
Share of assets assessed as worthless
7.8%

Description

The bank suspended on Saturday, December 19, 1931, following heavy withdrawals that depleted its reserve fund.

Events (5)
1. July 15, 1907 Chartered
Source
historical_nic
2. December 19, 1931 Run
Cause Details
Withdrawals depleted the reserve fund, though the specific trigger for the run is not stated.
Measures
The Board of Directors adopted a resolution to close the institution for protection of depositors.
Newspaper Excerpt
Withdrawals from the reserve fund were said to necessitate the closing of the institution
Source
newspapers
3. December 19, 1931 Suspension
Cause Details
Board of Directors closed the bank due to reserve depletion from withdrawals.
Newspaper Excerpt
The Creighton National Bank suspended payment to depositors and closed its doors last Saturday morning
Source
newspapers
4. January 9, 1932 Receivership
Source
historical_nic
5. January 9, 1932 Receivership
Newspaper Excerpt
It is expected a receiver will be appointed in a very short time by the comptroller of the currency
Source
newspapers

Newspaper Articles (10)
1. December 24, 1931 The Plainview News Plainview, NE

Article Text

CREIGHTON NATIONAL BANK CLOSED SATURDAY The Creighton National Bank suspended payment to depositors and closed its doors last Saturday morning after having been in continuous operation in Creighton for over a quarter of a century. It was deemed advisable by the Board of Directors, who adopted a resolution to close the institution for protection of depositors. Withdrawals from the reserve fund were said to necessitate the closing of the institution according to a statement made by the president, G. A. Wright. P.T. Henninger, national bank examiner, is in charge. It is expected a receiver will be appointed in a very short time by the comptroller of the currency at Washington, D. C., to expediate liquidation of assets and release dividends to dépositors as quickly as possible. The institution was the oldest in Knox county.-Creighton News. Filings Fred G. Johnson of Hastings has filed for the republican nomination as congressman from the new Fourth district. Johnson represented the old fifth district in Washington several years ago. His district now comprises 25 counties instead of 18 as heretofore. J. H. Hutchings, democrat of Falls City, has filed for railway commissioner. Wm. W. Hughes, republican of Lincoln, is candidate for the nomination for secretary of state.

2. April 27, 1932 Osmond Republican Osmond, NE

Article Text

Neighborhood News After a short illness, Mrs. Rachael Bodsen of Plainview passed away at the home of her daughter at the age of 96. The sale of collateral liberty bonds deposited by the new defunct Creighton National Bank of Knox county deposits netted $22,589.55 Of this amount there was due Knox county $20,396.99 and the balance was turned over to the bank receiver. An unusual rush for free beds at the police station at Norfolk resulted one day last week when rain forced the "sleepers" to seek indoor shelter for a night. Thirty persons asked free lodging from the city during one night, this being a larger number than has appeared there at any time even during the winter. Funeral services were held at Spencer, Nebr., for Fred Ellermeier, 60year-old farmer, who was dragged to death beneath a disc with which he had been working on his farm. It was believed he met death when a team of mules, with which he was working, ran away, throwing him beneath the disc. Fifteen cousins shared equally in the estate of August Moeller, recluse bachelor found dead last November at the shack on his untilled farm near Wayne. Proceeds from the 200 acre farm gave each cousin about $500. A number of fictitious claims against the estate were refused payment by the court. They tell us that a beggar recently stopped at a business place in Bloomfield and asked for help. He was pretty badly crippled-had lost one arm, one leg, and one eye; said he was born and raised in this county at Creighton. The Bloomfield man gave him a $5.00 bill, saying as he did 80: "You needn't thank me; you're the first Creighton guy I ever saw that was trimmed up to suit me-and I'm willing to pay for the entertainment."

3. October 22, 1932 Lincoln Journal Star Lincoln, NE

Article Text

R. F. C. LOANED LARGE SUMS IN SEPTEMBER (Continued from Page 1.) ing orderly marketing of agricultural surpluses, the corporation advanced $1,500,000 to the Sun Maid Raisin Co., of California. To the secretary of agriculture was allocated $2,500,000 for agricultural aid, raising the aggregate allocation for the purpose to $100,000,000 of which $75,000,000 had been paid over to the secretary as of Sept. 30. Loans authorized during the month included: Joint stock land banks: Nebraska: Fremont Joint Stock Land bank of Fremont, $100,000; Lincoln Joint Stock Land bank, $216,000. WASHINGTON. (AP). Loans authorized by the Reconstruction Finance corporation during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month, were listed to include the following: Nebraska: Bassett Commercial bank, $15,000; Callaway, Farmers State bank, $8,000; Carroll, Carroll State bank, $9,786; Carroll, Carroll State bank, $10,000; Chappell, Chappell State bank, $18,000; Clarkson, Farmers State bank, $14,000; Creighton, Creighton National bank (receiver), $7,000; Curtis, Security State bank, $3,000; Davey, Farmers State bank, $4,635; Eagle, Bank of Eagle, $5,300; Garland, Germantown State bank, $5,840; Homer, Security State bank, $9,500; Howe, Bank of Howe, $3,300; Kenesaw, First State bank, $5,300; Murdock, Bank of Murdock, $10,020; Primrose, Farmers State bank, $8,000; Rogers, Bank of Rogers, $7,610; Schuyler, Banking House of F. Folda, $16,000; Scotia, Bank of Scotia, $7,500; Union, Bank of Union, $8,428; Winside, Citizens State bank, $13,700; Wausa, Commercial State bank, $8,000.

4. October 26, 1932 Osmond Republican Osmond, NE

Article Text

FEDERAL FUNDS ARE LOANED SECTION The report now made public showing the loans made for the month of September out of the Reconstruction Finance Corporation Fund to Nebraska borrowers as follows: Bassett Commercial bank, $15,000; Callaway, Farmers State bank, $8,000; Carroll, Carroll State bank, $9,786; Chappell, Chappell State bank, $18,000; Clarkson, Farmers State bank, $14,000; Creighton, Creighton National bank (receiver), $7,000; Curtis, Security State bank, $3,000; Davey, Farmers State bank, $4,635; Eagle, Bank of Eagle, $5,300; Garland, Germantown State bank, 840;; Howe, Bank of Howe, $3,300; Kenesaw, First State bank, $5,300; Murdock,, Bank of Murdock, $10,020; Primrose, Farmers State bank, $8,000; Rogers, Bank of Rogers, $7610; Schuyler, Banking House of Folda, $16,000; Scotia, Bank of Scotia, $7,500; Union, Bank of Union, $8,428; Winside, Citizens State bank, Wausa, Commercial State bank, $8,000; Lincoln Fremont Joint Stock Land bank of Fremont, $100,000; Lincoln, the Lincoln Joint Stock Land bank, $216,000.

5. April 6, 1933 The Creighton News Creighton, NE

Article Text

LOCAL NEWS Father Windolph was in Pierce Tuesday between trains. Toilet Goods, Stationery, Candy, Puretest Drugs and remedies. Two for one plus one cent, at Manion's 1c sale. L. E. Swanson, Creighton National bank assistant receiver, is expected back today, Thursday, from St. Edward, where he has been several days looking after business matters. W. H. Blakeman, resident of Norfolk since 1893, died Wednesday last week at his home in Norfolk. He was identified with the Blakeman Transfer and Storage company of Norfolk, which firm ran a fleet of trucks in eastern Nebraska. Having bought the stock of monuments from the R. J. Jewell Estate, Plainview, Nebr., will close them out for fifty cents on the dollar. There are some very fine monuments in this stock. Come early and look them over.-Elmer L. Jewell, Plainview, Nebr. 9-12a A. W. "Butch" Marquardt led- the local golf devotees who braved Sunday's chilly winds. Play of the 1932 champ indicated he will be a hard man to dislodge from the throne this year. E. E. Jacobs, club manager this year, expects to have 1933 activities under way. shortly. Miss Gladys Hough, who is attending the Granada Beauty school at Norfolk was in charge of Mildred's Beauty Parlor last week during the absence of her sister, Mrs. O. G. Cromwell, who was in Omaha attending the Midwest Beauticians annual convention. Miss Gladys has practically finished her course of study in Beauty Culture, and is taking her final examinations this week.

6. December 21, 1933 The Creighton News Creighton, NE

Article Text

12-7-33 1-4-34 SHERIFF'S SALE By virtue of an order of sale issued by the Clerk of the District Court of Knox County, Nebraska, on decree of foreclosure wherein The Prudential Insurance Company of America of Newark, New Jersey, is Plaintiff, and Bruno Schick, Gertrude Schick, George G. Cronkelton, Receiver of Creighton National Bank, and John Doe, real and first name unknown, are Defendants, will sell at Public Auction to the highest bidder for cash at the front door of the Court House in Center, Knox County, Nebraska, on the 8th day of January, 1934, at one o'clock p. m., the following described lands and tenements to satisfy the decree and costs in said action, namely: The Southwest Quarter of Section Thirty-two, Township North, Range Five West of the Sixth P. M., in Knox County, Nebraska. Dated this 1st day of December, 1933. NORMAN BURNS, Sheriff. By RALPH L. EMMONS, Deputy. Sale No. 6659.

7. May 4, 1934 Lincoln Journal Star Lincoln, NE

Article Text

poration at Sioux City totaled $1,288,980.61. Nebraska bank loans authorized were: Clatonia State bank (receiver), $15,400; Creighton National bank (receiver), $10,000; Duncan State bank (receiver), $53,250; State Bank of Elkhorn (receiver), $25,800; Wallace National bank of Exeter, $60,000; Hazard State bank (receiver), $15,000; Platte County bank of Platte Center (receiver), $36,900, and Rockville State bank (receiver), $25,800.

8. May 4, 1934 Lincoln Journal Star Lincoln, NE

Article Text

NEBRASKA BANKS Advances Authorized for Eight in the State. WASHINGTON. (AP). Jesse H. Jones, the tion Finance said report RFC January that eight Nebraska banks had been authorized loans. The report showed the ration had authorized to banks, buildand loans associations, insurcompanies, agricultural credit corporations, loan panies federal land banks. The Omaha federal land bank was thorized borrow millions month, and the Regional Agricultural Credit poration at Sioux totaled Nebraska bank loans authorized State bank (receiv$15,400; Creighton National (receiver), $10,000; Duncan State (receiver), $53,250; State Bank Elkhorn (receiver), $60,000; Hazard State Platte County Platte Center (reand State bank (receiver),

9. May 4, 1934 The Omaha Evening Bee-News Omaha, NE

Article Text

REVEAL LOANS TO EIGHT BANKS May H. Jones, chairman of the n Corp., said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling The Omaha Federal Land bank was authorized to borrow million dollars during the month, and loans to the Regional Agricultural Credit Corp at Sioux City totaled Nebraska bank loans authorized were: Clatonia State bank ceiver) $15,400; Creighton Na. tional bank (receiver) $10,000; Duncan State bank (receiver) $53,250: State Bank of Elkhorn (receiver) $25,800; Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36. 900, and Rockville State bank (receiver)

10. May 4, 1934 The Omaha Morning Bee-News Omaha, NE

Article Text

Eight Nebraska WASHINGTON, May Jesse H. Jones, chairman of the Corp., said in his report of RFC operations January that eight Nebraska banks had been authorized loans. The report showed that the corporation authorized loans taling The OmaFederal Land bank authorized borrow million dollars during the month, loans the Regional Agricultural Credit Corp. Sioux City totaled Nebraska bank loans authorized were: Clatonia bank ceiver) $15,400; Creighton tional bank (receiver) Duncan State bank (receiver) $53,250; State Bank Elkhorn (receiver) Wallace tional of Exeter, $60,000; Hazard State bank (receiver) Platte County Bank Platte Center (receiver) 900, and Rockville State bank (receiver) $25,800.