Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Dixon, Nebraska (42.416, -96.997)

Metadata

Model: gpt-5-mini
Short Digest: 9eb84215

Response Measures

None

Description

The article discusses claimants against the guaranty fund related to the failed Farmers State Bank of Dixon and mentions a bank receiver and claims being shut out. There is no description of a depositor run; the bank is presented as failed/closed and in receivership. No precise failure or suspension date is given in the text, so dates are left null.

Events (2)

1. * Receivership

Newspaper Excerpt: Payment was contested by bank receiver guaranty fund on the ground that Cashier Larson the bank had made an unlawful agreement ... Dixon Bank Claimants Lose. ... the failed Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind (article discusses claims and receiver).
Source: newspapers

2. * Suspension

Cause Details: Article refers to the bank as a failed bank with claims against the guaranty fund; no specific trigger (e.g., run or correspondent failure) is described.
Newspaper Excerpt: Dixon Bank Claimants Lose. In line of its recent affirming the judgment court in Dixon which shut claims against the fund by perholding deposit the Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind
Source: newspapers

Newspaper Articles (1)

1. December 1, 1926 The Lincoln Star Lincoln, NE

Article from The Lincoln Star, December 1, 1926

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Article Text

INSURANCE FIRM Supreme Court Again Affirms Decision In Bankers' Automobile Suit. Union Auto Company Wins $5,000 Suit Against Failed Bank. Affirmance of decree by the district court of Lancaster county which allowed the Bankers' Automobile Insurance Co. of Lincoln, now only $5,079 its claim of more than against the failed American State bank of this city, as the amount be paid out of the guaranty fund. by state court decision the for the second insurance claim grew one of the relled made by Charles its who turned over number notes bank in 1921 and took certicate deposit exchange therefor president and officer the bank. secretary the company Maixner. who of the State bank Ceresco and in charge its business, had made the company to underwrite its $250,000 of on 10 per commisnotes and certificates changed back and forth differthe two banks this Maixner pleaded guilty to bezzling funds of the Ceresco bank which failed the meantime to the served ing finally paroled and the first trial of the guaranty fund was rejected Supreme court the judgment, and on retrial, after evidence had been presented. the district court partial but of the claim. the three which In the American State when but were found the property of the Union Auto Co. Wins. In suit from Gage the high district court's throwing out three certificates deposit total held by the mobile Co. of Lincoln the failed Farmers' State bank Adams, which company presented as claims against the guarfund. These certificates originally Life and assigned by it to the Union. Payment was contested by bank receiver guaranty fund on the ground that Cashier Larson the bank had made an unlawful agreement with president the Bankers' National whereby the make the for acting company's agent business and also making personal the vice district court disallowed the claims for that reason. In upsetting this judgment, the court not sufficient prove unlaw ful officers the bank the company. in the face of Larson's plicit denial on the stand that he had such contract. letter written by the vice president the company to Larson, which was offered an exhibit the "agreement" held by the tribunal collected Larson and deposited in bank, and not to any other Dixon Bank Claimants Lose. In line of its recent affirming the judgment court in Dixon which shut claims against the fund by perholding deposit the Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind These are the Paul and same McCarthy claims. Can't Halt Foreclosure. real estate gage the mortgage start foreclosure for of taxes the contry to public policy, says high bench in Dawson county also declares that after an action of that kind started the declinquent stop by dering in the of terest taxes have due and showing that the The lower judgment was in of James B. Houser, the sign against Bryce Not Liable for Death. The Railway Light corporation not sponsible for death Rhinold Hron, hold while on bridge to the held in the county action directing verdict for the defendant $25,000 damage Opinion. Omaha Lincoln Ry Creek Land Livestock and given modified Without Opinions the Court. further National Bank Dodge