Farmers Bank - Dunbar, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: July 7, 1932
Location: Dunbar, Nebraska (40.668, -96.030)

Metadata

Model: gpt-5-mini
Short Digest: 066680da

Response Measures

None

Description

Article reports the Farmers & Merchants Bank, Byron suspended July 7, 1932 and reopened in March 1933 for limited banking under H.R. 167 (Emergency Banking Act). No mention of a depositor run; reopening was under limited operations and new/continued management (A. Pailing).

Events (2)

1. July 7, 1932 Suspension

Cause Details: Article simply states the bank suspended July 7, 1932; no specific cause given (likely part of wider banking distress but not specified).
Newspaper Excerpt: The Farmers and Merchants Bank, Byron, reopened March for the purpose of doing limited banking business as provided under H. R. 167. The bank suspended July 7, 1932 and reopened under the management of A. Pailing.
Source: newspapers

2. March 1, 1933* Reopening

Newspaper Excerpt: The Farmers and Merchants Bank, Byron, reopened March for the purpose of doing limited banking business as provided under H. R. 167. ... reopened under the management of A. Pailing.
Source: newspapers

Newspaper Articles (1)

1. March 4, 1933 Nebraska Legal News Lincoln, NE

Article from Nebraska Legal News, March 4, 1933

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Article Text

BANKING NEWS BANK DIVIDENDS Hooper State Bank, Hooper, $23,262.14 or 10% first dividend Febru10. ary Nebraska State Bank, Republican City, $1,995.87 or 5% February 20. Prior payments $7,983.24 or 20%, $9,979.11 25%. total payments 15% of original deposits paid during going bank period. The Farmers Bank, Dunbar, reopened February 28 for the purpose of doing a limited banking business as provided by H. R. 167. This bank has been suspended for ten days and will be managed and operated by the same officers and directors. The Germantown State Bank, Garland, reopened March for the purpose of doing a limited banking business as provided under H. R. 167. This bank suspended February It will be operated by the same officers and directors. The Farmers and Merchants Bank, Byron, reopened March for the purpose of doing limited banking business as provided under H. R. 167. The bank suspended July 7, 1932 and reopened under the management of A. Pailing. The Fort Calhoun State Bank, Fort Calhoun, reopened March 2 for the purpose of doing limited banking business as provided under House Roll 167. This bank suspended January 13, 1933. The bank will be operated under the same management.