Articles state the bank was in receivership and its assets were to be sold at public auction (announcement dated July 29, 1923). No newspaper text describes a depositor run or reopening; the bank appears to have failed and been closed with a receiver appointed. A later 1929 article refers to B. N. Saunders as a former receiver of the Farmers State Bank, Hadar, confirming receivership status. Dates inferred from article publication (Lincoln, July 29, 1923; Omaha Bee July 30, 1923).
Events (2)
1.July 29, 1923Receivership
Newspaper Excerpt
The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, and the assets of the Farmers bank of Page later.
Source
newspapers
2.June 14, 1929Other
Newspaper Excerpt
Mr. Saunders was receiver of the Farmers State bank Winside: Wayne County bank Sholes: Farmers State bank Hadar
Source
newspapers
Newspaper Articles (2)
1.July 30, 1923The Omaha Morning BeeOmaha, NE
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Article Text
State to Transfer 60 Bank Receiverships Lincoln, July 29.-Between 50 and 60 bank receiverships will be dissolved and turned over to the new state guaranty fund commission within the next week or so, it was announced by K. C. Knudson, head of the state bank ing department. This is in accord with the new banking law which provided for the transfer within four months after the act took effect. It was approved on April. August 7 is therefore the last day for the transfers. The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, and the assets of the Farm. ers bank of Page later. Bank examiners and Knudson himself are out over the state every day making arrangements for turning over the receiverships.
2.June 14, 1929The Sioux City JournalSioux City, IA
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Article Text
MACHINERY AND GRANARY BURN
Nebraska Farmer Suffers Heavy Loss Through Flames. northwest of burned to he ground. with all the grain he end. his automobile and some farm nachinery
The cause of the fire is not known. the fire was beyond control when Mr. Raffel awoke Only a small part of the loss is covered by insurance
BANK RECEIVER ANSWERS
TO CHARGE IN SUIT
Lincoln Neb Special: An answer was filed in district court by B. N. Saunde Plainview formerly re. reiver of a number of failed banks 111 the case of Van E. Peterson gainst G Bliss. secretary of the lepartment of trade and commerce Saunders said he had no interest in the suit other than the preserva ion of words of the guaranty fund commission He asks the court to is. sue an order providing for the of such records for fureference. Mr. Saunders was receiver of the Farmers State bank Winside: Wayne County bank Sholes: FarmT'S State bank Hadar
