Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 29, 1923
Location: Hadar, Nebraska (42.105, -97.449)

Metadata

Model: gpt-5-mini
Short Digest: 7a58b4d4

Response Measures

None

Description

Article (Omaha Bee, 1923-07-30) states the Farmers State Bank of Hadar is in receivership and that its assets will be sold at public auction and transferred to the state guaranty fund commission. No run or prior suspension is explicitly mentioned in the excerpt; because a receiver has been appointed and assets are to be sold, I classify this as a suspension leading to permanent closure (receivership).

Events (1)

1. July 29, 1923 Receivership

Newspaper Excerpt: The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, ... making arrangements for turning over the receiverships.
Source: newspapers

Newspaper Articles (1)

1. July 30, 1923 The Omaha Morning Bee Omaha, NE

Article from The Omaha Morning Bee, July 30, 1923

Click image to open full size in new tab

Article Text

State to Transfer 60 Bank Receiverships Lincoln, July 29.-Between 50 and 60 bank receiverships will be dissolved and turned over to the new state guaranty fund commission within the next week or so, it was announced by K. C. Knudson, head of the state bank ing department. This is in accord with the new banking law which provided for the transfer within four months after the act took effect. It was approved on April. August 7 is therefore the last day for the transfers. The assets of the Farmers State bank of Hadar will be sold at public auction next Monday, Knudson announced, and the assets of the Farm. ers bank of Page later. Bank examiners and Knudson himself are out over the state every day making arrangements for turning over the receiverships.