First National Bank - Exeter, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3121
Charter Number: 3121
Start Date: April 9, 1897
Location: Exeter, Nebraska (40.644, -97.450)

Metadata

Model: gpt-5-mini
Short Digest: d77fc51d

Response Measures

None

Description

Articles (Omaha Daily Bee 1897-04-10 and The Herald 1897-04-30) state the First National Bank of Exeter suspended business effective April 9, 1897 and entered voluntary liquidation by stockholders' resolution dated April 8, 1897. No run is mentioned; closure is voluntary liquidation rather than receivership.

Events (3)

1. February 7, 1884 Chartered

Source: historical_nic

2. April 9, 1897 Suspension

Cause: Voluntary Liquidation
Cause Details: Stockholders passed a resolution dated April 8, 1897 to withdraw their capital and liquidate because the business was unprofitable despite being in sound condition financially.
Newspaper Excerpt: The First National bank suspended business last night. It has gone into voluntary liquidation.
Source: newspapers

3. April 9, 1897 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (2)

1. April 10, 1897 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, April 10, 1897

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Article Text

Bank Winds Up Its Business. EXETER, Neb., April 9.-(Special.)-The First National bank suspended business last night. It has gone into voluntary liquidation. The bank is in sound condition, and most of the time for the past three years has had available funds enough to pay all depositors, but owing to the unprofitable nature of the business the stockholders wish to withdraw their capital and invest it in other lines of business.

2. April 30, 1897 The Herald Los Angeles, CA

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Article Text

National Bank Changes The latest bulletin of the comptroller of the currency reports the following changes in national banks since last advice: Application to organize national bank approved-Moshannon National bank of Philipsburg, Pa., capital $50,000, by the following persons: W. D. Crosby, L. C. Harmon, J. N. Schoonover, E. E. Jamison, T. Barnes, W. C. Andrews, Adam Mayer, E. H. Schadt, J. J. Jermyn. Corporate existence of national bank extended-The National State bank of Boulder, Col., until April 18, 1917. Liquidation--The First National bank of Exeter, Neb., has gone into voluntary liquidation by resolution of its stockholders, dated April 8, 1897, to take effect April 9. 1897. Insolvent-The Fort Stanwix National bank of Rome, N. Y., R. H. Huntington appointed receiver in place of Daniel G. Griffin, deceased.