Farmers Bank - Lyons, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 30, 1934
Location: Lyons, Nebraska (41.937, -96.477)

Metadata

Model: gpt-5-mini
Short Digest: fe55f427

Response Measures

None

Description

Article (Burt County Herald 1934-08-30) reports the Farmers Bank of Lyons as closed and that the State Banking Department mailed a 17% dividend to depositors from funds in receivership; indicates government involvement and permanent closure/receivership rather than a depositor run.

Events (2)

1. August 30, 1934 Receivership

Newspaper Excerpt: The petition for intervention ... the payment funds in the hands of the court but no decision has been given as yet. DIVIDEND CHECKS FOR LYONS BANK ... checks from the State Banking Department making 17 per cent dividend payment to depositors in the closed Farmers Bank were in the mail Sunday. This first payment was made possible by loan secured from the Finance Corporation. (Burt County Herald, 1934-08-30).
Source: newspapers

2. August 30, 1934 Suspension

Cause: Government Action
Cause Details: State Banking Department handling funds and issuing dividend from Finance Corporation loan; bank closed by authorities and funds in hands of the court.
Newspaper Excerpt: making 17 per cent dividend payment to depositors in the closed Farmers Bank
Source: newspapers

Newspaper Articles (1)

1. August 30, 1934 Burt County Herald Tekamah, NE

Article from Burt County Herald, August 30, 1934

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Article Text

DIVIDEND CHECKS FOR LYONS BANK checks from the State Banking Department making 17 per cent dividend payment to depositors in the closed Farmers Bank were in the mail Sunday. This first payment was made possible by loan secured from the Finance Corporation. Approximately 650 depositors checks totaling around The amount of the checks ranged from to Arthur Hittner who is in charge of the bank, states that there are still many papers left the bank. and that he would ciate it the owners would call for these. The petition for intervention in school and town the payment funds in the hands of the court but no decision has been given as yet.