Farmers State Bank - Humphrey, NE

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 6, 1931
Location: Humphrey, Nebraska (41.692, -97.484)

Metadata

Model: gpt-5-mini
Short Digest: d82e81e9

Response Measures

None

Description

Article (Albion Argus, 1931-01-08) reports the Farmers State Bank of Humphrey failed to open its doors for business Tuesday morning because of depleted cash and inability to reorganize on short notice. State Bank Examiner was called and took charge; depositors' meeting to elect a committee was planned. No run is mentioned. The paper date implies the failure to open occurred Tuesday, Jan 6, 1931.

Events (1)

1. January 6, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Depleted cash on hand and inability to reorganize on short notice (internal liquidity/solvency problem).
Newspaper Excerpt: The Farmers State bank of Humphrey failed to open its doors for business Tuesday morning of depleted cash and the inability of reorganization on short notice. The bank officers called on the state bank to take over the institution and result State Bank Examiner VirLee arrived that afternoon to take charge to make plete check up. The bank will main closed pending either reormeeting will be called in the course next few days the depositors for the purpose of electing committee to look after their interests.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1931 The Albion Argus Albion, NE

Article from The Albion Argus, January 8, 1931

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Article Text

Gleaned From Here and There Because of Interest Albert Brandt, of Neligh was found unconscious in front of the lying Daxion building Christmas night, shortly after he had left the dance at the auditorium. He was taken home and physician was called attend to the long gashes in the back of his head, which required stitches close. He was unable tell who struck him. He recovering and will again in few days. Thieves pried the padlock from the door the Stringfellow oil in Oakdale sometime between Saturday night and Monday morning and stole three barof oil. No other losses have been reported and no trace of the thieves has been found. The Farmers State bank of Humphrey failed to open its doors for business Tuesday morning of depleted cash and the inability of reorganization on short notice. The bank officers called on the state bank to take over the institution and result State Bank Examiner VirLee arrived that afternoon to take charge to make plete check up. The bank will main closed pending either reormeeting will be called in the course next few days the depositors for the purpose of electing committee to look after their interests. Marshal Stone of Humphrey called to Columbus Monday he met an officer the Chicago police force, Detective Whedon, who arrived to take back with him Charles Pyrsok, who had been picked up at Humphrey the Monday before who had mitted frankly that he had taken his Chicago Platte Center his tion. Charley in the employ of Chicago company service His him around the the friendship of the office boy, man about his had the company which had open, he would work the tion from which written, and always replaced drawer. Charley took note where the slip was placed. He also had key to the office and this made the of easy. There other in the safe the time money but only $450 was taken. When theft was discovered and Charley did appear they did connect him job very strongly, due to the fact of the safe being opened by working the not until they from Marshal Stone that he had been taken here and of his mitting taking money that cleared up the mysterious pearance. Charley and the officer left for Chicago where charge larceny pending against him. Russell Berney, 21, son Peter Berney Wolbach, died last Thursday from injuries ceived an automobile accident. Miss Lint of Glen Grosard of Wolbach, fered minor injuries. The two youths had been visiting friends Cotesfield and invited Miss Lint to take ride Grosard's they hill wheels apparently locked. All caught underneath would probhave all been injured had not Carl Barnes and his who were hunting nearby, aided them from the wreck. Read the Want Ads in this of The Albion Argus.