11778. Farmers & Merchants Bank (Lindsay, NE)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
December 14, 1931
Location
Lindsay, Nebraska (41.700, -97.694)

Metadata

Model
gpt-5-mini
Short Digest
e61ff7c749db3db1

Response Measures

None

Description

Articles report the Farmers & Merchants Bank of Lindsay was taken over by the Nebraska state department of trade and commerce / state examiner on Dec. 14โ€“15, 1931. No contemporaneous run or heavy withdrawals are described; subsequent court action against stockholders is mentioned, indicating the bank was closed/taken over and placed into state control/receivership. OCR errors in Article 1 corrected (e.g., 'VirLee' is garbled; date Dec. 14, 1931 is given in Article 2).

Events (2)

1. December 14, 1931 Receivership
Newspaper Excerpt
the Farmers Merchants bank of Lindsay, which turned over to the state department of trade and Dec. 14, 1931. has filed district court against five stockholders ... asking that they be required to pay double liability on their ... stockholdings (article describes court action after state takeover).
Source
newspapers
2. December 14, 1931 Suspension
Cause
Government Action
Cause Details
Taken over by the Nebraska state department of trade and commerce / state examiner (state takeover announced Dec. 14โ€“15, 1931).
Newspaper Excerpt
closing state banks at Sidney and at Lindsay was announced today by the state department of trade and commerce. ... The Farmers' Merchants' bank of Lindsay taken over by ...
Source
newspapers

Newspaper Articles (2)

Article from Beatrice Daily Sun, December 15, 1931

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Article Text

BANKS CLOSE IN PANHANDLE TOWNS LINCOLN, Dec. 15. closing state banks at Sidney and at Lindsay was announced today by the state department of trade and commerce. The Liberty State bank of Sidney was taken by State Examiner Richard It capitalized for $25,000; had $25,000 surplus and deposits of about The Farmers' Merchants' bank of Lindsay taken over by VirLee. for $500 surplus, and posits of about $125,000.


Article from The Columbus Telegram, July 28, 1932

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Article Text

Return From and Mrs. Joe Krause returned Tuesday ning from month's visit with their and daughter, Mr. and Mrs. John Borchers, at Ellinwood, Kan. Will Return Jaegwho has been visiting relaLos Angeles, Cal., during the last winter, return here some time during the first part of August, according word received friends. Jaeggi recenttonsilectomy in Angeles, soon she fully recovered, she will start on her return trip. At Salt Lake City, will visit with her brother-inlaw sister, Mr. Mrs. John Horst, for several days. Married received here today by Albert Stenger, that his daughter, Miss Kathand Walter erine Charnley, of Omaha, were married Tuesday noon Omaha by the county judge. the ding, Mr. and Mrs. for trip to the Black Hills region in South Upon their return to Nebraska, they will make their home in Omaha, where Mr. Charnley official in the Nebraska Mills. Miss Stenger was in North Platte during last where she was school year, nurse, and following the school term, with her sister, Miss Cecelia Stenger, at Vermilion lake Minnesota. Child Swallows Cleaning LiquidHenry of Mr. and Mrs. Phil R. swallowed small quantity cleaning liquid, about Wednesday and later taken to Columbus hospital for treatment Miss Dorothy Kluever, maid in the home, diately the remainder of the liquid the tot's stomach. His throat was badly swollen from the liquid and he was to the hospital for treatment but taken home this Both parents away the but arrived home within few minutes, Mrs. enberger having driven to her husband's office the family car to bring him home at the close of the day's work. Sues H. Luiof the Farmers Merchants bank of Lindsay, which turned over to the state department of trade and Dec. 14, 1931. has filed district court against five stockholders bank. asking that they be required to pay double liability on their The defendants Holleran, Mike Krebs, Krebs Mary Schmitz.