Farmers State Bank - Inland, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 26, 1931
Location: Inland, Nebraska (40.597, -98.223)

Metadata

Model: gpt-5-mini
Short Digest: 326a9d12

Response Measures

None

Description

Article states the officers voluntarily closed the bank and intend to liquidate; no run is mentioned and the state banking department was not involved. Closure appears permanent (liquidation). OCR shows 'Farmer's State Bank' in text; bank metadata lists 'Farmers State Bank' — treated as same.

Events (1)

1. August 26, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Officers voluntarily closed the bank because $70,000 in deposits was not sufficient to continue business profitably; state banking department not involved.
Newspaper Excerpt: INLAND- C. H. Worley, cashier of the Farmer's State Bank of Inland announced that the officers of that institution voluntarily decided to close their doors, Wednesday morning.
Source: newspapers

Newspaper Articles (1)

1. August 27, 1931 The Harvard Courier Harvard, NE

Article from The Harvard Courier, August 27, 1931

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Article Text

CLOSES BANK INLAND-C. H. Worley, cashier of the Farmer's State Bank of Inland announced that the officers of that institution voluntarily decided to close their doors, Wednesday morning. The bank has a total of $70,000 in deposits which was not volume enough to continue business profitably. The state banking department had nothing to do with the closing of the bank according to Mr. Worley, who went on to say in the conversation we had with him that he was confident that the depositors would be paid in full with the liquidation of the bank's affairs. Mr. Worley wasn't sure whether a state bank receiver would handle the liquidation or whether the bank's officers would handle the business of settling up.