Farmers State Bank - Chapman, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 5, 1929
Location: Chapman, Nebraska (41.024, -98.159)

Metadata

Model: gpt-5-mini
Short Digest: c94d2e43

Response Measures

None

Description

Multiple articles (Oct 5–7, 1929) report the Farmers State Bank of Chapman was closed by the state bank commissioner and taken over by an examiner; commissioner announced a receiver would be appointed and the bank may not be reorganized. OCR errors in Article 1 (missing words) corrected when reading text. No run or depositor panic is described — closure is by government action.

Events (2)

1. October 5, 1929 Receivership

Newspaper Excerpt: With the possibility that this bank will not be reorganized, Commissioner Woods announced that receiver would be appointed.
Source: newspapers

2. October 5, 1929 Suspension

Cause: Government Action
Cause Details: Closed by state bank commissioner; taken over by an examiner (state intervention).
Newspaper Excerpt: The other closed institution is the Farmers' State bank of Chapman in Merrick county, which was taken over by Examiner Y. Castle.
Source: newspapers

Newspaper Articles (3)

1. October 5, 1929 The Grand Island Independent Grand Island, NE

Article from The Grand Island Independent, October 5, 1929

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Article Text

ONE OF CHAPMAN BANKS IS CLOSED Chapman, Oct. Farmers' State bank which Smith president, has been closed for iness. State bank officials ing complete examination the bank's books. No details have been out. In financial circles here learnthat January 1929 statement bank showed capital of surplus of deposits $172,000. deposits liability, learned, has been creased something $130,000 since then and the increased $10,000 that believed the depositors loss will not be indeed, they are in Smith president, Remboldt vice president and Kopecy, cashier.

2. October 5, 1929 The Omaha Evening Bee-News Omaha, NE

Article from The Omaha Evening Bee-News, October 5, 1929

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Article Text

STATE CLOSES MORE BANKS more state bank were announced Saturday by George W. Woods, bank commissisoner. One of the closings, that Tamora where the Farmers' Exchange bank was taken over by Examiner Fred Babka, was the first in Seward county, it was reported. depositors' meeting has been arranged and Commissioner Woods meet with delegation Tuesday. The bank had deposits of approximately $80,000. The other closed institution is the Farmers' State bank of Chapman in Merrick county, which was taken over by Examiner Y. Castle. Deposits 1927 amounted to nearly $350,000. With the possibility that this bank will not be reorganized. Commissioner Woods announced that receiver would be appointed.

3. October 7, 1929 North Platte Daily Telegraph North Platte, NE

Article from North Platte Daily Telegraph, October 7, 1929

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Article Text

TWO MORE STATE BANKS ARE CLOSED Lineoln, Oct. more state bank suspensions were announced today George Woods, bank commissioner. One of the closings, that Tamora where the Farmers Exchange Bank was taken over by Examiner Fred Babka, was the first in Seward county, reported. depositors' meeting has been arranged, however, and Commissioner will meet with the delegation Tuesday evening. This bank bad deposits of proximately $80,000. Fannie Miner president and Humlicek, cashier. The other closed institution the Farmers' State Bank of Chapman in Merrick which was taken over by Examiner Castle. Deposits in 1927 amounted nearly E. Ross was president and D. E. Magnuson, cashier. With the possibility that this bank will not be reorganized, Commissioner Woods announced that receiver would pointed.