Greeley County Circa 1929-1930
Greeley Citizen Archives

December 28, 1929

The doors at the 1st National Bank in Greeley were closed. A note on the door stated, "Closed by order of the Comptroller of the Currency. The National Bank Examiner is now in charge." Greeley was now without a bank for the first time in the modern history of the town.

January 23, 1930

The Greeley postmaster reports that the closing of the bank has doubled the money order business in town as local residents try to partially and temporarily fill the void created by the only bank in town closing. P.J. Rooney and the Greeley Grain Co. are writing smaller checks to the local producers so they can get them cashed more easily in the town. It is now feared that it will be difficult to induce the capital for a bank to reopen in Greeley as unfavorable business conditions exist throughout the Midwest.

January 30, 1930

Active promoters Will Kennedy, Tim Long, Roger Mulcahy and J.H. O'Malley were working on securing a new bank for the town.

February 13, 1930

About 300 claims had been filed by depositors against the 1st National Bank in Greeley that had closed in late December.

February 20, 1930

E.C. Manning, receiver of the closed 1st National Bank, announced that $12,000 of the $40,000 owed the bank had been collected.

March 6, 1930

Cautious optimism began to prevail in the town as promoters of a new bank were hoping to be ready sometime in April. The new name of the bank would be the "City National Bank" upon the approval of federal government.

March 20, 1930

F.S. Nelson, National Bank Examiner, was in Greeley to make a report on the need for a bank and the financial standing and character of the men who have pledged themselves in the enterprise to be known as the "City National Bank".

April 17, 1930

The headline for the story in the Greeley Citizen echoed the sentiment of the people of Greeley in exclaiming"O.K. APPLICATION FOR BANK CHARTER". Word was received in the late evening of April 11th that the charter for the new "City National Bank" in Greeley had been approved. A meeting of the stockholders was held. No board of directors had been chosen yet. J.M. McQuillan was the head of the new organization. Frank Horan of Sterling, Colorado arrived and would be the new cashier. Arrangements had not been made as to where the new bank would be housed.

April 24, 1930

The City National Bank would be located in the former 1st National Bank Building on O'Connor Ave. Officers elected were President - J.M. McQuillan, Vice-President - P.J. Rooney, Cashier - Frank Horan. The board consisted of these three individuals plus Will Kennedy and James Scott. The other stockholders announced were Tim Long, Peter Kerrigan, Dr. J.L. Brannen, Elmer Burke, T.H. Murphy, J.M. Lanigan and T.W. Lanigan.

May 4, 1930

The City National Bank opened to a rush of depositors. Bank officials kept busy all day receiving deposits. The new bank is capitalized at $30,000 with a $3,000 surplus. Greeley, Nebraska once again had a bank.