Farmers State Bank - Concord, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: March 8, 1932
Location: Concord, Nebraska (42.384, -96.988)

Metadata

Model: gpt-5-mini
Short Digest: cf56d9d7

Response Measures

None

Description

Article (Lincoln Journal Star, 1932-03-08) states Farmers State Bank, Concord, suspended for the purpose of reorganization by its officers and directors. No run or depositor panic is mentioned. Suspension appears voluntary to reorganize, implying intent to resume operations; no later reopening or permanent closure is reported in the provided articles.

Events (1)

1. March 8, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Suspended by action of its officers and directors for the purpose of reorganization (voluntary suspension).
Newspaper Excerpt: Upon action of its officers and directors the Farmers State bank, Concord, suspended for the purpose of reorganization.
Source: newspapers

Newspaper Articles (1)

1. March 8, 1932 Lincoln Journal Star Lincoln, NE

Article from Lincoln Journal Star, March 8, 1932

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Article Text

TWO STATE BANKS CLOSE Upon action of its officers and directors the Farmers State bank, Concord, suspended for the purpose of reorganization. Virgil S. Lee is in charge for the department. The capital stock is $20,000, surplus $1,000 and deposits about $150,000. The officers are: President, G. Rieth; vice president, E. J. Hughes, and cashier, C. S. Shesman. Upon action of its directors, the Horace State bank was closed and turned over to the department of trade and commerce. R. M. Hauser will be in charge. Capital stock is $10,000, surplus $2,000, and deposits about $30,000. The officers are: President. T. J. Hansen and cashier, P. Leth.