Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 29, 1924
Location: Dix, Nebraska (41.235, -103.486)

Metadata

Model: gpt-5-mini
Short Digest: 1926e169

Response Measures

None

Description

Article (Omaha Morning Bee, 1924-03-01) states the failed Farmers State Bank of Dix had receivers' certificates sold; indicates the bank failed and a receiver was appointed. No run is described in the article; outcome is permanent closure/receivership.

Events (1)

1. February 29, 1924 Receivership

Newspaper Excerpt: Several banks throughout the state have purchased the receivers certificates of the failed Farmers State bank of Dix, amounting to $39,740 ... These certificates bear 7 per cent interest and have been purchased by the banks as an investment for their idle funds.
Source: newspapers

Newspaper Articles (1)

1. March 1, 1924 The Omaha Morning Bee Omaha, NE

Article from The Omaha Morning Bee, March 1, 1924

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Article Text

Receivers' Certificates of Bank Find Ready Sale Lincoln, Feb. 29.-Several banks throughout the state have purchased the receivers certificates of the failed Farmers State bank of Dix, amount. ing to $39,740, and those of the failed Citizens State bank of Potter, $54,465, according to Trade and Commerce Secretary Knudson. These certificates bear 7 per cent interest and have been purchased by the banks as an investment for their idle funds. The available amount offered was greatly overscribed, Mr. Knudson said, some banks asking for as much as $25,000.