12814. Farmers State Bank (Blair, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 31, 1932
Location
Blair, Nebraska (41.544, -96.125)

Metadata

Model
gpt-5-mini
Short Digest
d15c588f

Response Measures

None

Description

The bank suspended operations Dec 31, 1932 pending reorganization (Article 1). A receiver was later appointed (Article 2, notice says receiver was recently appointed in March 1933) and creditors directed to file claims — indicates permanent closure and receivership.

Events (2)
1. December 31, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
Suspended by officers pending reorganization; examiner placed in charge for state department of trade and commerce.
Newspaper Excerpt
Farmers State Bank of Blair suspended operations December 31, 1932 pending reorganization. Peter M. Tyson is president, C. M. Hitchman vice president and R. C. Hitchman cashier. Examiner J. F. McLain is in charge for the state dept. of trade and commerce.
Source
newspapers
2. March 1, 1933* Receivership
Newspaper Excerpt
The notice was signed March by Willis G. Sears, district judge, application Luikart, as secretary of the state department of trade and commerce, was recently appointed receiver of the bank. Depositors and other creditors the closed Farmers State Bank Blair are directed to file their claims ...
Source
newspapers

Newspaper Articles (2)
1. January 14, 1933 Nebraska Legal News Lincoln, NE
Article from Nebraska Legal News, January 14, 1933

Click image to open full size in new tab

Article Text

BANK SUSPENSIONS Bank of Union was closed January 12, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce. Officers are W. B. Bannig, Vice-president and D. Ray Frans, Cashier. Capital stock $15,000 and deposits about $70,000. Farmers State Bank, Ogallala, was closed January 6, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce. Capital stock is $35,000 and deposits about Officers are: President, E. A. Smith, Vice-president C. R. Smith and Cashier, John M. Creamer. Greenwood State Bank on action of its officers and directors suspended business January 9 for reorganization. Capital stock is $25,000; surplus $5,000. Officers are P. L. Hall, President; E. A. Landon, Vice-president; E. O. Miller, Cashier. Examiner J. F. McLain is on charge for the dept. of trade and commerce. Farmers State Bank of Blair suspended operations December 31, 1932 pending reorganization. Peter M. Tyson is president, C. M. Hitchman vice president and R. C. Hitchman cashier. Bank's capital is $35,000 and its surplus $15,000. Examiner J. F. McLain is in charge for the state dept. of trade and commerce.

2. April 6, 1933 The Pilot-Tribune Blair, NE
Article from The Pilot-Tribune, April 6, 1933

Click image to open full size in new tab

Article Text

FILE BANK CLAIMS HEARING SET FOR JUNE AT OMAHA ON CREDITORS CLAIMS Depositors and other creditors the closed Farmers State Bank Blair are directed to file their claims against the bank before the 13th day of May, 1933, under penalty of having their claims not forever barred, by virtue of notice pearing in this issue of the Tribune. The notice was signed March by Willis G. Sears, district judge, application Luikart, as secretary of the state department of trade and commerce, was recently appointed receiver of the bank. During the week creditors were mailed forms for filing claims and any person who may have been overlooked may secure such blanks the receiver his office the Farmers State Bank, from Marcus the district court, the local court house. claims scheduled be held the court house Omaha, on June 12, at ten o'clock thereafter they may be