The Farmers State Bank in Ruskin suspended business to the public on April 7, 1928 and its fixtures/business were purchased by the Ruskin State Bank; the two banks consolidated. This indicates a suspension followed by permanent closure/merger rather than a temporary suspension or run.
Events (1)
1.April 7, 1928Suspension
Cause
Voluntary Liquidation
Cause Details
Bank suspended business and its fixtures/business were purchased by Ruskin State Bank; consolidation/ sale rather than regulatory receivership or run.
Newspaper Excerpt
After being actively engaged in business in Ruskin for twenythree years, the Farmers State Bank suspended business to the public Saturday, April 7. The Ruskin State Bank purchased the fixtures and business and the two banks consolidated.
Source
newspapers
Newspaper Articles (2)
1.April 12, 1928The Ruskin LeaderRuskin, NE
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Article Text
Farmers State Bank Sells
After being actively engaged in business in Ruskin for twenythree years, the Farmers State Bank suspended business to the public Saturday, April 7. The Ruskin State Bank purchased the fixtures and business and the two banks consolidated. The Farmers State Bank under the management of J. B, Parsons was given a charte rin 1905. During the time of its existance it was under teh management of J. R. Parsons, Percy Baird, J. C. Dillon and B. C. Wehrman, Mr. Wehrman will continue with the Ruskin State Bank for a couple of months until everything is straightened out. We are sorry to loose the Farmers State Bank for it means one more empty business building and probably the loss of another family.
2.April 19, 1928Superior Weekly JournalSuperior, NE
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Article Text
FARMERS STATE BANK SELLS
From the Ruskin News. After being actively engaged in business in Ruskin for twenty-three years, the Farmers State Bank suspended business to the public Saturday, April 7. The Ruskin State Bank purchased the fixtures and business and the two banks consolidated. The Farmers State Bank under the management of J. R. Parsons was given a charter in 1905. During the time of its existence it was under the management of J. R. Parsons, Percy Baird, J. C. Dillon and B. C. Wehrman. Mr. Wehrman will continue with the Ruskin State Bank for a couple of months until everything is straightened out. We are sorry to lose the Farmers State Bank for it means one more empty business building and probably the loss of another family.
