Farmers State Bank - Loomis, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1930
Location: Loomis, Nebraska (40.478, -99.507)

Metadata

Model: gpt-5-mini
Short Digest: 05b87bb1

Response Measures

None

Description

Article (May 1, 1930) states an assistant receiver is in charge and instructs depositors to file claims; no run or reopening is mentioned. This indicates the bank was placed in receivership (government action) and remains closed.

Events (2)

1. May 1, 1930 Receivership

Newspaper Excerpt: H. P. Burmood, assistant receiver, will be in charge of the Farmers State Bank, Loomis, Nebr. ... He urges all depositors to immediately file their claims, as the last day for filing claims is May 10, 1930.
Source: newspapers

2. May 1, 1930 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership and taken into custody of state department; depositors instructed to file claims.
Newspaper Excerpt: H. P. Burmood, assistant receiver, will be in charge of the Farmers State Bank, Loomis, Nebr.
Source: newspapers

Newspaper Articles (1)

1. May 1, 1930 The Loomis Sentinel Loomis, NE

Article from The Loomis Sentinel, May 1, 1930

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Article Text

BANK RECEIVER HERE H. P. Burmood, assistant receiver, will be in charge of the Farmers State Bank, Loomis, Nebr. Mr. Burmood has been with the department of Trade and Commerce for some time and comes here from Wymore, Nebr., where be was acting as Assistant Receiver for a bank. He urges all depositors to immediately file their claims, as the last day for filing claims is May 10, 1930. All depositors who do not file their claims will be forever barred from receiving any portion of same. Mr. Burmood will be glad to assist everyone interested in the bank, and invites all who are interested to call and meet him Arrested for stealing a piano, a Nebraska man confessed that he had taken it "in a moment of weak ness." If he had been feeling right strong he probably would have carried away the house. Lorena Seeman spent from Monday until Wednesday at her home