Articles (duplicate) report that the First State Bank of Murphy was taken in charge by the guaranty fund commission since October (likely Oct 1928) and a receiver was appointed by court on application of the Attorney General (March 13, 1929). No run is mentioned; the bank was effectively suspended/taken over and later placed in receivership. Dates are drawn from article publication; since last October interpreted as 1928-10-00 given the March 1929 publication. Duplicate articles are the same report reprinted.
Events (2)
1.October 1, 1928*Suspension
Cause
Government Action
Cause Details
Taken into charge by the state guaranty fund commission (special agent M. J. Ferguson in charge) beginning last October; bank closed to normal operations and run under guaranty commission control.
Newspaper Excerpt
Since last October the Murphy bank has been in charge of the guaranty fund commission.
Source
newspapers
2.March 13, 1929Receivership
Newspaper Excerpt
Judge Landis has appointed A. Kirk of Gibbon receiver for the First State bank of Murphy. On application of Attorney General Sorensen, ... receiver appointed for the First State bank of Murphy.
Source
newspapers
Newspaper Articles (2)
1.March 13, 1929Lincoln Journal StarLincoln, NE
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Article Text
MURPHY BANK RECEIVER
I. A. Kirk of Gibbon in Charge of Closed
AURORA. Neb-On application of Attorney General Sorensen. Judge Landis has appointed A. Kirk of Gibbon receiver for the First State bank of Murphy Since last October the Murphy bank has been in charge of the guaranty fund commission M. J. Ferguson, special agent for the commission, has been in charge and his collections have been sufficient to pay out a dividend of 70 percent. The capital of the bank was $15,000. It was established by the late W. Farley about fifteen years ago. The deposits shown by the last report before the guaranty fund took the bank over were about $85,000.
2.March 13, 1929Lincoln Journal StarLincoln, NE
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Article Text
MURPHY BANK RECEIVER
I. A. Kirk of Gibbon in Charge of Closed Institution.
AURORA, Neb-On application of Attorney General Sorensen. Judge Landis has appointed 1. A. Kirk of Gibbon receiver for the First State bank of Murphy. Since last October the Murphy bank has been in charge of the guaranty fund commission. M. J. Ferguson, special agent for the commission, has been in charge and his collections have been sufficient to pay out a dividend of 70 percent. The capital of the bank was $15,000. It was established by the late W. I. Farley about fifteen years ago. The deposits shown by the last report before the guaranty fund took the bank over were about $85,000.
