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| Additional information |
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| Bruning State Bank |
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Mission statement:
The primary mission of Bruning State Bank is to assist clients to:
BUILD AND MAINTAIN WEALTH |
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History:
On August 19, 1891, at a meeting at the Fillmore County Bank in Strang, Nebraska, the GERMAN BANK of Bruning was organized. The bank, with a capital of $10,000, opened for business. The first day showed deposits of $100 and expenditures of $53.20 for miscellaneous supplies.
In December of 1892, a group of nine investors bought controlling interest. These investors were: Frank D. Bruning, Samuel Fitzsimmons, George Buss, R.A. Piggott, W.H. Dempster, J.E. Day, Anthony Martin, S.J. Fitzsimmons, and Mr. Bothwell. Frank D. Bruning was elected president and began forty years of service.
In 1912, at the age of seventeen, Fred H. Bruning, the son of Frank D. Bruning, was employed as assistant cashier. His career here went on to last 53 years.
In 1918, during World War I, the name changed from GERMAN BANK to BRUNING STATE BANK.
In April of 1921, Bruning State Bank purchased the Farmer's State Bank across the street and moved into their building until 1966.
In 1933, a moratorium was declared and 415 banks closed for three days by order of the State Banking Department. On the fourth day, Bruning State Bank reopened 100% with no restrictions.
In 1942, Fred H. Bruning assumed the office of president of the bank. He also served as a president of the Nebraska Bankers Association during his career. Paul Bruning, following in the footsteps of his father and grandfather, became a director of the bank in 1942. Paul served on the board for 54 years.
In 1964, Frank L. Bruning was elected to the board of directors and began working in the bank. Upon the death of his father, Fred H. Bruning, in 1965, Frank became president.
The 75th anniversary of Bruning State Bank in 1966 coincided with the dedication of our new building. The Bank's capital was $100,000 and assets totaled $3,383,317. Since then, we have made 5 expansions to our building.
Representing the fourth generation of Bruning family bankers is Fred D. Bruning. Fred joined the bank in 1990 as Vice President. Fred also serves as a director and is president of Bruning Bancshares, Inc., the holding company of Bruning State Bank.
In 1991, the 100th anniversary of our founding, capital and surplus totaled $2,000,000. Assets were at $51,542,000 and deposits were at $44,923,000. In March of that same year, we added a loan production office in Hebron that eventually became a full-service branch in 1996.
The new millennium began with the formation of Bruning Bancshares, Inc. as the holding company for Bruning State Bank.
In 2005, the Bank of Broken Bow was created, joining Hebron as the second branch of Bruning State Bank.
In 2007, Chris Tonniges, grandson of Frank L. Bruning, joined the bank as the fifth generation of Bruning family bankers.
Bruning State Bank expanded into a new geographic area with the addition of the Holdrege branch in 2009. |
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| Toll Free:
+1 800 403 5889 |
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