Article states Farmers State Bank, Brule, operated on a restricted basis since March 1933 and on Aug 12, 1933 was taken over by the state department of banking for final liquidation. No mention of a depositor run; this is a suspension leading to permanent closure/liquidation.
Events (2)
1.March 1, 1933*Suspension
Cause
Government Action
Cause Details
Bank operated on a restricted basis beginning March 1933 under actions/oversight of the state banking department.
Newspaper Excerpt
the bank operated restricted has been basis since March 1933.
Source
newspapers
2.August 12, 1933Receivership
Newspaper Excerpt
Lincoln, Aug. 12 Farmers State Brule, been taken over the state department banking for final liquidation, announced today.
Source
newspapers
Newspaper Articles (1)
1.August 12, 1933The Columbus TelegramColumbus, NE
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Article Text
BANK
Girl. Lincoln, Aug. 12 Farmers State Brule, been taken over the state department banking for final liquidation, announced today. The bank operated restricted has been basis since March 1933.