Citizens Bank - Fairfield, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 26, 1931
Location: Fairfield, Nebraska (40.432, -98.106)

Metadata

Model: gpt-5-mini
Short Digest: 24f08bac

Response Measures

None

Description

Newspaper notices show Citizens Bank, Fairfield, Nebraska, under a court-appointed receiver (Clarence Bliss) with a court order to sell remaining assets (notice dated Aug 27, 1931; order dated Aug 26, 1931; sale set for Sept 23, 1931). No article text describes a depositor run prior to suspension; the bank is in receivership and assets are being liquidated, consistent with suspension leading to permanent closure/receivership.

Events (3)

1. August 26, 1931 Suspension

Cause: Government Action
Cause Details: District court order appointing a receiver and ordering liquidation/sale of remaining bank assets (order dated Aug 26, 1931).
Newspaper Excerpt: Dated this 27th day of August 1931. CLARENCE BLISS, Receiver Citizens Bank. Nebraska.
Source: newspapers

2. August 27, 1931 Receivership

Newspaper Excerpt: CLARENCE BLISS Receiver Citizens Bank. Nebraska. ... sale to be for cash by law this 27th day of August 1931. CLARENCE BLISS Receiver Farmers Merchants Fairfield. Nebraska. ... CLARENCE BLISS, Receiver Citizens Bank. Nebraska. Sale set for the 23rd day of September, 1931 (notice content).
Source: newspapers

3. September 23, 1931 Other

Newspaper Excerpt: will sell ... at the of Wages' Drug Store, Fairfield, Clay County, Nebraska, o'clock the 23rd day of September, 1931, the following described property, being the entire remaining said bank ... Said sale to be for cash as by provided. Dated this 27th day of August 1931. CLARENCE BLISS, Receiver Citizens Bank. Nebraska. (sale notice).
Source: newspapers

Newspaper Articles (1)

1. September 3, 1931 The Clay County Sun Clay Center, NE

Article from The Clay County Sun, September 3, 1931

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Article Text

Clay County Estate of Mary K. Hansen, Deceased. Notice hereby given to all cerned the time limited for presentation and filing of claims against said estate is 11, 1931; that will sit at the County Court Room at Clay Center, in said county, on 12, to ceive, examine, hear, allow and adjust claims and objections duly filed, enter an order barring all claims filed. Dated this 24th day of August, 1931. (SEAL) HENRY VAUCK, County Judge. MASSIE, Attorney. (9-11) State of Nebraska County Court Clay County In the Matter of the Estate of Arthur King, The creditors, heirs and all others interested the estate of Arthur King, take notice: That Irvin King, on the day August, 1931, filed his petition County Court of Clay County, Nebraska, that Arthur King, resident of Clay County, Nebraska, died intestate or about the 9th day February, 1928, seized in fee of the following described real estate, toundivided interest in Lot Four (4), and North Half of Lot Five (5), Block SevEller's Addition, to City of Clay Center, Nebraska; and Lot (33) of Waite's Sub-division of the Half of Quarter of the Southeast Quarter of the Northwest Quarter NW%) of Section Thirty (30), Township Ten (10), North Range Seven (7), East of the 6th Lancaster County, Nebraska; That said petitioner and heir at law said deceased and ownof undivided half interest in the above described real estate. That deceased left as his only heirs at law, his widow, Mildred King, and that more than two have since his that said real estate herein and no part thereof is liable for an tax. Said petition the following prayer: your petitioner prays for of the time of the death of said Arthur King, and of heirs, the degree of kinship and the right of descent of the real property belonging to said deceased the State of and that may be found and determined that estate part thereof liable for an inheritance Said petition will be heard on the 10th of September, 1931, ten Court Room in the Clay County Court House in Clay Center, Clay County, Nebraska, when all persons may apand oppose same. (Seal) HENRY VAUCK. (8-10) County Judge. Massie Attorney. NOTICE OF HEARING State of Nebraska In County Court Clay County the Matter of the Estate of George Dickson. Deceased. Notice hereby given to all persons interested in the estate of George Dickson, deceased. that petition estate and correct the open inventory and decree heretofore entered in said estate by finding that the George died seized in fee of the following dereal estate: The Quarter of the Quarter and Irregular Lot One (1), of the Southeast Quarter (SE%) of Section (36), Township Seven (7), North, Range Seven West of the 6th. Clay County, Nebraska, except irregular Lots Two (2), Four (4), Six (6), and Seven of said Original Lot One (1), and the right of way of the And tract land the Northwest Quarter of the Southeast Quarter of Section (36), Township Seven (7), North, Range Seven the 6th. Clay County, Nebraska, described as follows: Beginning stone in the center of Section Thirty-six (36), Township Seven (7), Range Seven (7), in Clay County, thence East on the half section line 16.50 chains to stone point on said line, south on along George Dickson's land chains point on said Dickson's line, thence northwest the circular course of the Race Track, nearpoint chains straight west from said Dickson's line and 9.74 chains straight south from said half section line the North, thence west chains to point chains straight east from the half section line the 9.74 chains straight south from said half section line on the North, thence the circular of the Race Track, nearly so, to point on said section line the west, thence North on said half section chains to the place beginning, containing 16.02 acres more less, and known Lot Three (3), of the NorthQuarter of Southeast Section Thirty-six (36), Township Seven Range (7), West the Clay County, NebrasLot Eighteen and Nineteen in Block Eighteen of First Addition Clay Center, Nebraska; Lots Five (5), and Six (6), Four (4), Eller's Addition Clay Center, Nebraska; Lots Seven (7), Block Seven Original Town of Clay Center, Nebraska; Seven (7), Block Five (5), to Clay Center, Nebraska; East Half of the Northeast Quarter Section Thirty-six (36), Township Seven Range Seven (7), West of the in Clay County, NeHalf of the Southeast (E%SE%) of Section (31), Seven Range Six (6), West of the in Clay County, Nebraska; reason that through error the of real the inventory filed or decree therein entered. Said petition prays for an order to reopen and the and final decree be corrected to properly describe the real estate owned by said George Dickson, deceased, at the his death, and decree be entered assigning said according to the terms of the and testament of the said George Dickson, admittprobate. fixed the of ber, 1931, at the hour of 10 o'clock forenoon at my office in Clay Nebraska, as the time and place hearing said matter. August 25th, 1931. SEAL HENRY VAUCK, County Judge. MASSIE, Attorney (9-11) In Court of Clay County, Nebraska State of Nebraska, SpillMerchants Bank, Fairfield, defendant. Notice hereby given by virtue of order of sale duly made in the above entitled cause by the Honorable James, one the judges the District Court the Judicial District of Nebraska, held within and for Clay County, August, 1931, that the will at the of Wages' Drug Store, in FairClay Nebraska, at 10 the 23rd day of Septhe described the entire of said bank, save and except of stockholders and dirliability after assets exto-wit: RECEIVABLE, notes varpersons total ASSETS: Fund 422.24 in the 17.21 Customers Counter 7"x4" steel bank with double time lock (Round) Burroughs No. Electric Posting 6-611736 and Stand. altercurrent motor, 11-column Underwood Typewriter No. good condition Safety deposit nest, consisting of 73 boxes. all steel and good condition, and steel base stapling machine Letter Box Postal scale Wooden note case Finger moistener Supply Cupboard Money changer Paper cutter Letter Press Wells metal document tions Snow shovel, oil mop Waste baskets Draft racks Check sorter Glass pen holders book cabinet chair Spindles washer. floor brush ACQUIRED: Judgments Frank Dist. 3-20-28. with int. from 3-20-28 Minor. Dist. Buffalo Co. plus int. plus costs, 16.00, with int. from 4-20-29 $3,841.34 $4,896.19 Harry Loftquist, Dist. Clay Co., 7-20-29, int. from 592.90 Croft Mrs. Emma Dist. Court, Clay Co., 10% from 682.85 John Palmer, Dist. Court, Clay Co., 1-9-26, 1-9-26 1,496.25 property herein advertised for subject liquidation prior to of sale. above assets will be offered and also whole. Full notes and other assets in the office of the clerk the district court of county and notes are subject to inspection at the of the of of Trade and the state sale to be for cash by law this 27th day of August 1931. CLARENCE BLISS Receiver Farmers Merchants Fairfield. Nebraska OF SALE OF REMAINING OF CITIZENS BANK, NEBRASKA District Court of Clay County, Nebraska Nebraska. SorenGeneral, plaintiff, Bank, Fairfield. Nebraska, hereby given by virtue order duly made and the above entitled Honorable James, one Judges of the District Court Tenth Judicial District of Nebraska, within and for Clay County, the 26th day of 1931, that will sell the of Wages' Drug Store Fairfield, Clay County, Nebraska, o'clock the 23rd day of September, 1931, the following described property, being the entire remaining said bank, save and except the liability of stockholders and ectors' liability after assets are hausted, to-wit: RECEIVABLE, being notes against various persons for different aggregating an approxOVERDRAFT in the sum OTHER ASSETS: Bankers Conservation Fund Cash Item 3.72 Allowed claim against F&M Fairfield 215.70 BONDS, STOCKS AND WARRANTS Galloway Co., Waterloo, 7% First Mtge. Gold 54 Shares Common Stock 108 Shares Preferred Stock JUDGMENTS. Earl Court Clay Co. costs, 67.25 Vs. Geo. Boyles and Bryant, County Court, Clay 393.96 Vs. Mattricks, County Court, Clay Co., plus costs, int. 10% from 173.89 H. Welstead Denny, County Court, Clay plus costs, 8.60, int. from 7-8-29 443.60 John Zdychynec, County Court, Clay Co. 7-8-29, 45.67, plus costs, 7.10, int. 10% from 7-8-29 45.67 All property herein advertised for sale subject liquidation prior to date of sale. The above assets will be offered and also as whole. Full list of notes and other assets found the office of of the district court of county, and all notes subject to at the office of the of the of trade and comthe state at Lincoln. Said sale to be for cash as by provided. Dated this 27th day of August 1931. CLARENCE BLISS, Receiver Citizens Bank. Nebraska. (10-12)