Article states the bank operated restricted basis since March 1933 and on Aug 12, 1933 was taken over by the state department of banking for final liquidation. No explicit run is mentioned. Classification: suspension followed by permanent closure/receivership by state authorities (government action).
Events (2)
1.March 1, 1933*Suspension
Cause
Government Action
Cause Details
Operated on a restricted basis beginning March 1933, indicating suspension of normal payments under state oversight prior to takeover for liquidation.
Newspaper Excerpt
the bank operated restricted basis since March 1933.
Source
newspapers
2.August 12, 1933Receivership
Newspaper Excerpt
been taken over the state department banking for final liquidation, announced today.
Source
newspapers
Newspaper Articles (1)
1.August 12, 1933The Columbus TelegramColumbus, NE
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Article Text
BANK
Girl. Lincoln, Aug. 12 Farmers State Brule, been taken over the state department banking for final liquidation, announced today. The bank operated restricted has been basis since March 1933.