11738. Farmers Bank (Kearney, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 1, 1934*
Location
Kearney, Nebraska (40.699, -99.081)

Metadata

Model
gpt-5-mini
Short Digest
7c1e3d73f6b8dc73

Response Measures

None

Description

Articles (June 1934) report the 'Farmers bank of Kearney' as one of the closed Nebraska banks whose receivers borrowed from the RFC/Finance Corporation (loans authorized Feb–May 1934). This indicates the bank had closed and was in receivership and obtained RFC funds — no mention of a depositor run. OCR errors in articles corrected (e.g., fragmented sentences).

Events (2)
1. February 1, 1934* Receivership
Newspaper Excerpt
Receivers of closed Nebraska banks ... The Farmers bank of Kearney borrowed $141,750 ... closed bank receivers, the RFC authorized loan ... Fremont Mortgage ... Jesse Jones, chairman, reported (Feb–May 1934).
Source
newspapers
2. February 1, 1934* Suspension
Cause
Government Action
Cause Details
Bank was closed and in receivership; receivers obtained loans from the RFC/Finance Corporation (authorized Feb–May 1934)
Newspaper Excerpt
The Farmers bank of Kearney borrowed $141,750 ... receivers of closed Nebraska banks to borrow from the Finance ... February May 1934
Source
newspapers

Newspaper Articles (3)
1. June 7, 1934 Primrose Press Primrose, NE
Article from Primrose Press, June 7, 1934

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Article Text

Receivers of closed Nebraska banks to from the Finance corporation February 1934, reported. largest dividual authorized in Nebraska $175,000 Farmers State bank Columbus. The Farmers bank of Kearney borrowed $141,750 and the Norfolk National bank receiv $130,000. Besides loans closed the authorized loan $50,000 Fremont Mortgage company.

2. June 8, 1934 The Steele City News Steele City, NE
Article from The Steele City News, June 8, 1934

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Article Text

Receivers of closed banks were borrow from the Finance between February May Jesse Jones, chairman, reported. The largest dividual authorized in Nebraska was the Farmers State Columbus. The Farmers bank of Kearney borrowed and the Norfolk National Besides the loans closed RFC also authorized the

3. June 14, 1934 Lawrence Locomotive Lawrence, NE
Article from Lawrence Locomotive, June 14, 1934

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Article Text

Receivers of closed Nebraska banks to borrow $2,022,653.from the Finance February May 1934, Jesse Jones, chairman; reported. largest dividual authorized Nebraska $175,000 to the Farmers State Columbus. Farmers Kearney $141,750. the Norfolk National bank receiv$130,000. Besides the loans closed bank receivers, the RFC authorized loan the Fremont Mortgage