11597. First National Bank (Exeter, NE)

View Charter #3121 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
3121
Charter Number
3121
Start Date
April 9, 1897
Location
Exeter, Nebraska (40.644, -97.450)

Metadata

Model
gpt-5-mini
Short Digest
8b762f60e7d87eea

Response Measures

None

Description

Articles report the First National Bank of Exeter suspended business and entered voluntary liquidation effective April 9, 1897 by stockholders' resolution. No run or receivership is mentioned; this is a voluntary suspension leading to permanent closure.

Events (3)
1. February 7, 1884 Chartered
Source
historical_nic
2. April 9, 1897 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders resolved to withdraw their capital because business was unprofitable; resolution dated April 8, 1897 to take effect April 9, 1897.
Newspaper Excerpt
The First National bank suspended business last night. It has gone into voluntary liquidation.
Source
newspapers
3. April 9, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (2)
1. April 10, 1897 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, April 10, 1897

Click image to open full size in new tab

Article Text

Bank Winds Up Its Business. EXETER, Neb., April 9.-(Special.)-The First National bank suspended business last night. It has gone into voluntary liquidation. The bank is in sound condition, and most of the time for the past three years has had available funds enough to pay all depositors, but owing to the unprofitable nature of the business the stockholders wish to withdraw their capital and invest it in other lines of business.

2. April 30, 1897 The Herald Los Angeles, CA
Article from The Herald, April 30, 1897

Click image to open full size in new tab

Article Text

National Bank Changes The latest bulletin of the comptroller of the currency reports the following changes in national banks since last advice: Application to organize national bank approved-Moshannon National bank of Philipsburg, Pa., capital $50,000, by the following persons: W. D. Crosby, L. C. Harmon, J. N. Schoonover, E. E. Jamison, T. Barnes, W. C. Andrews, Adam Mayer, E. H. Schadt, J. J. Jermyn. Corporate existence of national bank extended-The National State bank of Boulder, Col., until April 18, 1917. Liquidation--The First National bank of Exeter, Neb., has gone into voluntary liquidation by resolution of its stockholders, dated April 8, 1897, to take effect April 9. 1897. Insolvent-The Fort Stanwix National bank of Rome, N. Y., R. H. Huntington appointed receiver in place of Daniel G. Griffin, deceased.