Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 2, 1932
Location: Deshler, Nebraska (40.141, -97.723)

Metadata

Model: gpt-5-mini
Short Digest: 4a37f2f3

Response Measures

None

Description

Article (The Hebron Journal, 1932-01-07) reports the Farmers and Merchants State Bank of Deshler closed by order of its board and turned over to the state department (state examiner in charge). No run or depositor panic is mentioned. I corrected the bank name to include 'State' as in the article.

Events (2)

1. January 2, 1932 Receivership

Newspaper Excerpt: turned over to the state department of trade and commerce... State bank examiner U. P. Stannard is charge for the state department.
Source: newspapers

2. January 2, 1932 Suspension

Cause: Government Action
Cause Details: Closed by order of the board and turned over to the state department of trade and commerce; state bank examiner in charge.
Newspaper Excerpt: The doors of the Farmers and Merchants State Bank of Deshler was closed Saturday by order of the Board of Directors and officers and turned over to the state department of trade and commerce.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1932 The Hebron Journal Hebron, NE

Article from The Hebron Journal, January 7, 1932

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Article Text

DESHLER BANK PUT IN HANDS OF BANK RECEIVER FINANCIAL INSTITUTION CLOSES DOORS SATURDAY Defunct Bank Was Once Merger of Two Deshler Banks The doors of the Farmers and Merchants State Bank of Deshler was closed Saturday by order of the Board of Directors and officers and turned over to the state department of trade and commerce. A short time ago two banks merged into the present institution. It is stated that this bank will be re-organized soon. The capital stock of the bank was $25,000; surplus, $25,000 and deposits amounted to approximately $217,000. The officers are: President, Rulolph Koch, vice-presients, E. A. Rodenburg and L. C. Krutz; cashier, R. W. Rodenburg. State bank examiner U. P. Stannard is charge for the state department. The $30,000 in bonds recently voted by Deshler for the new school building was deposited in this bank. About $9,500 was deposited by Thayer county in the Farmers and Merchants which is secured with bonds.