11440. Farmers Bank (Broken Bow, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 5, 1901
Location
Broken Bow, Nebraska (41.402, -99.639)

Metadata

Model
gpt-5-mini
Short Digest
2f715007fd73eb72

Response Measures

None

Description

Article (Guthrie Daily Leader, 1901-09-05) reports the Farmers' Bank of Custer County (Broken Bow, NE) closed on order of the state banking board due to slow collections and poor paper. A later local county paper (1902) references 'certificates of Receiver Farmers Bank', indicating a receiver was involved after the suspension; thus suspension led to closure/receivership. I corrected the bank designation to Farmers Bank (as printed).

Events (2)
1. September 5, 1901 Suspension
Cause
Government Action
Cause Details
Closed by order of the secretary of the state banking board; cited slow collections and poor paper.
Newspaper Excerpt
Broken Bow, Neb., Sept. 5.-The Farmers' bank of Custer county, closed its doors today on an order from the secretary of the state banking board. Slow collections and some poor paper are given as the cause of the suspension.
Source
newspapers
2. July 31, 1902 Receivership
Newspaper Excerpt
To certificates of Receiver Farmers Bank, received from ex-treasurer
Source
newspapers

Newspaper Articles (2)
1. September 5, 1901 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, September 5, 1901

Click image to open full size in new tab

Article Text

NEBRASKA BANK SUSPENDS. [By Associated Press.] Broken Bow, Neb., Sept. 5.-The Farmers' bank of Custer county, closed its doors today on an order from the secretary of the state banking board. Slow collections and some poor paper are given as the cause of the suspension. The July statement showed reserve $34,628, and liabilities about $65,000.

2. July 31, 1902 Custer County Republican Broken Bow, NE
Article from Custer County Republican, July 31, 1902

Click image to open full size in new tab

Article Text

198 07 Am't. Rec'd. from Tooley " 23 00 certificates By institute circulars 5 00 By postage on circulars 10 00 Balar ce in institute fund 206 07 Total $ 221 07 $221 07 $ 18 70 To special fund from Tooley By Expense $ 17 45 1 25 Balance In special fund Total $ 18 70 $18 70 To claims allowed $ 841 70 By salary to July 9 $800 00 By office expense 39 75 Balance 1 95 Total $ 741 70 $841 I, J. G. W. Lewis, county superintendent of Custer county, Nebraska, hereby certify that the above is a true and correct statement of receipts and disbursements of my office from January 9, to July 9, 1902. J. G. W. Lewis. We, your committee, respectfully report that we find the above report correct. G. Hiser, Com. Alvin Daily; Report accepted and adopted. Special committee appointed to check up the office of the county clerk, reported as follows: Report of the county clerk for first and second quarters, 1902: Total receipts for first quarter $ ending March 31, 1902 245 35 229 95 2nd quarter "ending July I, 1902 Total receipts $575 30 I, Geo. W. Dewey, county clerk of Custer county, Nebraska, hereby certify that the above is a true statement of fees received by me from January 9, to June 30, 1902. Geo. W. Dewey, County Clerk. Subscribed and sworn to before me, this 21st day of July, 1902. C. T. Orr, Clerk District Court. Report accepted and adopted. Special committee appointed to check up the office of the county treasurer, reported as follows: semi-annual statement of W. A. George, county treasurerf for the term ending June 30, 1902, showing receipts and disbursements: To cash received from M. K. Schner- $ inger, ex-treasurer 57 263 13 To county warrants received from M. E. Schueringer, ex-treasurer 1744300 To school district Warrants received 2 826 92 from M. E. Schneringer, ex-treasurer. To Irrigation orders and coupons received from M. E. Schneringer, extreasurer 1 737 00 l'o certificates of Receiver Farmers 2 338 30 Bank, received from ex-treasurer