13243. Farmers State Bank (Mason City, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 30, 1931
Location
Mason City, Nebraska (41.223, -99.300)

Metadata

Model
gpt-5-mini
Short Digest
b50cdff0

Response Measures

None

Description

Articles show the state (attorney general) petitioned for appointment of a receiver in mid-1931 and the bank's assets were sold to a depositors' committee in Jan 1932. No article describes a depositor run prior to suspension; sequence is suspension/receivership followed by asset sale, consistent with permanent closure under receivership.

Events (3)

1. June 30, 1931 Receivership
Newspaper Excerpt
Two bank receiver cases viz: the Farmers State Bank of Mason City, Nebr., and the Anselmo State Bank ... were filed during the year, making total of seven bank receivership cases filed in the county in the last ten years. (district court report for 1931).IS ASKED FOR BANK MASON petition ... asks the appointment receiver for the Farmers State Bank of Mason City.IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30).IS ASKED FOR BANK MASON (1931-06-30). (Note: excerpted multiple references in county reports).
Source
newspapers
2. June 30, 1931 Suspension
Cause
Government Action
Cause Details
Petition filed by Nebraska attorney general requesting appointment of a receiver for the Farmers State Bank of Mason City.
Newspaper Excerpt
In petition filed in the district court ... the State Nebraska ex relator Sorensen attorney general, asks the appointment receiver for the Farmers State Bank of Mason City.
Source
newspapers
3. January 28, 1932 Other
Newspaper Excerpt
Depositors Committee Buy Assets Of Mason City Bank... the assets finally sold to depositor's committee for $40,000. When the sale confirmed the court, all the assets ... the Mason City bank ... expected that ... settlement the affairs ... will settle the bank ... . (The Custer County Chief, 1932-01-28).
Source
newspapers

Newspaper Articles (5)

Article from The Custer County Chief, June 30, 1931

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IS ASKED FOR BANK MASON In petition filed in the district court of Custer county, the State Nebraska ex relator Sorensen attorney general, asks the appointment receiver for the Farmers State Bank of Mason City. The petition sent from Lincoln through the mail by Stoll, the receivership division. Mr. Stoll asked that case docketed and then the petition to him that It might be presented Judge Hostetler. District Clerk Herman Hanson Scomplied with the request.


Article from Thomas County Herald-Clipper, Mullen Sandhills Stockman, January 6, 1932

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NEWS FROM BROKEN BOW AND CUSTER COUNTY Larger Number of Cases Filed in District CourtIn the report of Herman son, clerk of the district court, the for 1931 show increase in er, records the number of cases filed over that of the previous. In 1931 year were filed total of 232 cases comcluded in the 1931 cases were civil, 30 criminal, 14 insanity, and naturalization, while the 1930 cases were divided as follows: 162 22 criminal, 12 insanity and uralization, showing an increase every one of the divisions for the just closed. year The criminal cases were divided follows: unlawful possession 01 intoxicating liquor; unlawful trans portation of intoxicating liquor; unlawful sale of intoxicating unlawful possession of still toxicating liquor; obtaining money under false pretenses; ootaining property under false pretenses; failure support minor stealing chickens, stealing stealing cow; steaing ess; stealing partridges; resenting terms of an insurance icy; embezziement; burglary; arson; statutory sodomy; using an indecent and resisting and abusing uage police officer. Included among the list of civ., filed were 19 divorce for cases This is decrease of the year. cases of this nature filed yea. before and is the smailest number of divorce cases filed 10r the ten years. The list of civil cases also shows that there were number of and foreciosure cases containing several causes of action, each cause of action describing and effecting separate and distinct tract of rea. estate; for example, in one tax foreclosure case there was causes of action. The city of Broken Bow commenced tax foreclosure this year on causes of action based on tax sale certinates against tracts of rea. tate located in the city of Broken Bow. These were filed in three law suits to save considerable Two bank receiver cases viz: the Farmers State Bank of Mason City, Nebr., and the Anselmo State Bank of Anselmo, Nebraska, were fi.ed during the year, making total of seven bank receivership cases tiled in the county in the last ten years. Marriage Licenses— Sumner 26 LeRoy Spellmeyer Velma Pierce Edyyville 18 (ceremony performed by County Judge Ross G. Moore) Breeders Association Will Conduct SalePlans are being completed here for the second annual sale of the Central Nebraska Breeders Association. Last 87 head were listed, year while 115 head are listed for the sale this and it was necessary to year turn down 50 additional head of yearling bulls which will be sold at be held in March. Includ to in the 115 head for the sale soon to be held are 82 Herefords; Angus, Red Polls and 26 Shorthorns. Secretary M. L. Gould states that in all probability of grade dairy stock will also be sold. Farm Account Expert Will Be in County Agent Gould has ceived word that Wendell Huff, specialist in farm accounting, who is connected with the University of Nebraska will be in Custer county January 11, 12, Mr. on to have 50 books of farm expected records to check. County Attorney Runyan Attends Bar County Attorney M. M. Runyan, of Custer county and William C. Schaper, former cuonty attorney, represented this county in the an nual meeting of the Nebraska ty Attorneys and the State Bar Association held at Omaha last week. Mr. Rynyan was elected to the executive committee of the state association of county attorneys. Broken Bow Open With a green team representing them the squad of BrokBow school will open the season en Ravenna at Ra this week, playing evening. Next venna on Friday will play Arnold on Tuesday they Arnold floor. The team is coachthe Thomas, former Unied by of Nebraska athlete who versity his sixth year here. completing O.E.S. Chapter Installs Arrow Chapter officers, at stalled following held on Tuesday regular meeting Mrs. Grace Runyan, evening: Merle Runyan, worthy matron; Henrietta Johnworthy patron; Ralph Johnassociate associate patron; Mrs Cloe Kuns secretary; Mrs. Caroline Smith, trea. Mrs. Juna Harley, conductress; Mrs. Luree Watts, associate conductress; Mrs. chapiain; M.s. Taibot, organist; Mrs. De Lisle LinuAda; Miss G.adys Ruth; Mrs. Helen Jonnson, Mrs. Luman Dr. Henrietta M. Electa; Agnes Schnabel, sentinel. Office of County Surveyor Active Ben Heskett, who has just compieted his mist year, surveyor Custer county reports that in add.- tion to the regular work of nce he has furn.shed plans and mates on steel bridges for Custor county, inspected the construction abutments and concrete noor, has drawn up maps 01 the principle towns OI the county W.L. property mg the as has made dramage and estimates in duties as proximately 12,000 hilles cus ter county the to with the C.ty property and within the county. new 1080 the the proposed county investigate to the advisability or Date ing the road. County Clerk's Makes county and nic deputy, D. sell, have complied few agares that WILL in some degiee acqualnt the public with certain amount the WORK that has passed inroug. the omee the year just ed. This once 18 considered one the most important ones in the house, by virtue 01 nis Ommice, county clerk in large the financial manager and or the county. in addition regu.ar duties of the office mr. ters performs valueable service individuals. Chatter mortgages filed during year number and amount as compared with med during 1930, ing 1931 number and to while the filed during the preceding year bered 3,528 and amounted of During year just closed the amount tel mortgages med, more vidia released during the same period, amount to showing mortgages not released during 1931 amounting to $1,347,033.00. Miscellaneous mings during year numbered 890, making total 7,168 uling for the year. Permits to hunt, 118.1 and trap issued as resident ing and fishing licenses were amounting to $3,482.00. trapping licenses numbered amounted to $119.00. fishing licenses numbered 35 and amounted to $70.00. Non hunting and fishing licenses to $90.00. A total of amounting was remitted to the state for the sale of these licenses. In addition to the above permits to operate Public Amus ments outside of incorporated vil ages were issued; 406 certificates of hung were issued; 20 Notary commissions were recorded; 13 miscellan recordings; 280 village and eous school bonds were registered; fire mens certificates were recorded and 28 discharge from army were corded. County Superintendent Makes Annual Report- The office of superintendent Custer county schools is numbered among the most important ones in the court hourse as all records of the various school districts of the county are kept here, as well the handling of the various activities connected with the schools. County Superintendent Harry E. Weekly, who has just completed his fifth year in the office, and his chief assistant Miss Bessie VanBuskirk, have compiled brief report of the work of the office during the year just clos few of the ed. The following are things accompiished by the office 275 schools visited in ing 1931: area comprising 2,592 square miles of 1,012 pupils in the examination eighth grade examinations; 12,548 eighth grade examination papers graded and grades recorded; 26,000 Christmas seals sold by Custer counschool children under the d.rection of the county superintendent; office callers; 8,000 receiving 7,100 the handling of lette.s written; individual teacher 698 disputes; examinations; 1,969 teachers examiassembled, classi nation papers recorded; 2,642 entr.e. and grades classified and placed cataloged,


Article from The Anselmo Enterprise, January 7, 1932

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AND CUSTER COUNTY Larger Number of Cases District the of Herman Hanreport clerk of the district court, the records for 1931 show increase in the number of cases filed over that the previous. In 1931 there year filed total of 232 cases compared with 198 filed in in cluded in the 1931 cases were 184 civil, 30 criminal, insanity, and naturalization, while the cases follows: 162 22 criminal, 12 insanity and showing an increase in uralization, of the divisions for the every just closed. year The criminal cases were divided as follows: unlawful possession liquor; unlawful trans intoxicating portation of intoxicating liquor; unlawful sale of intoxicating liquor; unlawful possession of still and toxicating liquor; obtaining money under false pretenses; obtaining property under false pretenses; failure to support minor children; stealing chickens, stealing stealing stealing harnstealing misrepresenting terms of an insurance polembezzlement; forgery; burglary; statutory sodomy; using an indecent langand resisting and abusing uage police officer. Included the list of civil among filed were divorce for cases the This decrease of year. cases of this nature filed the year before and is the smallest number of divorce cases filed for the past ten years. The list of civil cases also shows that there were number of tax and foreclosure cases containing several causes of action, each cause of action describing and effecting separate and distinct tract of real estate; for example, in one tax foreclosure case there was of action. The city of Brokcauses Bow commenced tax foreclosure this year on causes of tion based on tax sale certifiates against tracts of tate located in the city of Broken Bow. These were filed in three law suits to save considerable Two bank receiver cases viz: the Farmers State Bank of Mason City, Nebr., and the Anselmo State of Nebraska, were fi.ed during the making total of year, bank cases the county in the last ten Marriage LeRoy Sumner Velma (ceremony performed by County Judge Ross G. Moore) Breeders Association Will Conduct Plans being completed here are for the second annual sale of Central Nebraska Breeders Associa tion. Last year were listed, this year and necessary turn down 50 additional head of yearling buils which will be sold sale to be March. Included the 115 head for the sale soon to be held are 82 Herefords; Angus, Red Polls and 26 Shorthorns. Secretary Gould states that in all probability of grade dairy stock will also be sold. Farm Account Expert Will Be in CountyCounty Agent Gould has ceived word that Wendell specialist in farm accounting, who connected with the University Nebraska will be in Custer county January Mr. expected to have 50 books farm records to check. associate matron; Ralph Johnassociate Cloe Kuns patron; Mrs. Caroline Smith, trea. secretary; Julia Harley, conductress; Mrs. Luree Watts, associate conductress; Mrs. Pauline Forsyth, chaplain; Clara Johnson, marshal; Mrs. Evt organist; Mrs. De Lisle LindTalbot, Ada; Miss Lambert; Ruth; Mrs. Helen Johnson, Esther; Mrs. Lillian Chrisman, Martha; Dr. Henrietta M. Johnson, Electa; Mrs. Schnabel, LindAgnes sentinel. Office of County Surveyor Active During Ben H. Heskett, who has just completed his first year, as surveyor Custer reports that in add.county tion the regular work of the to fice he has furnished plans and steel bridges for Custer mates inspected the construction county, one 70 foot bridge, steel truss, concrete abutments and concrete floor, has drawn of the eleven up maps towns of the county with principle the property descriptions correspond with the last tax description; he has made for drainage and surveys estimates for highway surveys excavations. In his duties as veyor Mr. Heskett has traveled 12,000 miles over Cusproximately ter county roads. The work of the county regular has to do with the surveyor new county roads, surveying of property and within the county. new proposed it is the duty of to investigate and county surveyor to the advisability of report the road. County Clerk's Office Makes Report- Waters, clerk of Custer and his deputy, Ruscounty sell, have compiled few figures that in some degree acquaint the public with certain the work that has passed the office during the year just ed. This office is considered one the most important ones in house, by virtue of his the clerk is in large degree the county financial manager and accountant of the county. In addition regular duties of the office ters performs valueable individuals. Chattel mortgages during year number 6,273 and amount as compared with filed during 1980, number and while the filed during the preceding year bered 3,928 and amounted to of During year just closed the amount tel mortgages filed, more than released during the same period, amount to showing not released during mortgages amounting to Miscollaneous filings year numbered 895, making filing for the year. Permits issued as and fishing licenses were amounting to Resident trapping licenses numbered amounted to Non-resident fishing Lcenses numbered amounted to $70.00. Non resident hunting and fishing licenses were amounting to $90.00. total was remitted the state for the sale of these licenses. In addition to the above eleven permits operate Public ments outside of incorporated issued; 406 certificates ages were filing were issued; 20 Notary commissions recorded; 13 miscellan recordings; 280 village and school bonds were registered; mens certificates 28 discharge from army were corded. County Attorney Runyan Attends Bar County Attorney M. M. Runyan, of Custer county and William Schaper, former cuonty attorney, represented this county in the nual meeting of the Nebraska CounAttorneys and the State Bar Association held at Omaha last week. Mr. Rynyan was elected to the executive committee of the state association of county attorneys. Broken Bow Open Basket-ball With green team representing them the basket-ball squad of Bow school will open the this week, playing Ravenna at venna on Friday evening. Next will play Arnold the The team coachThomas, former University athlete who completing his sixth year here. O.E.S. Chapter Arrow Chapter No. 164 stalled the following officers, regular meeting held on Tuesday evening: Mrs. Grace Runyan, worthy matron; Merle Runyan, Miss Henrietta


Article from Mason City Transcript, January 7, 1932

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District Court Cases For the Year 1931 In the report of Herman F. Hanson, clerk of the district court, the records for 1931 show a increase in the number of cases filed over that of the year previous. In 1931 there were filed a total of 232 cases compared with 198 filed in 1930. Included in the 1931 cases were 184 civil, 30 criminal, 14 insanity and 4 naturalization, while the 1930 cases were divided as follows: 162 civil, 22 criminal, 12 insanity and 2 naturalization, showing an increase in every division for the year just closed. The criminal cases were divided as follows: 2 unlawful possession of intoxicating liquor, 1 unlawful transportation of of intoxicating liquor, 3 unlawful sale of intoxicating liquor, 1 unlawful possession of still and intoxicating liquor, 1 obtaining money under false pretense,, obtaining property under false pretences, 1 failure to support minor children, 2 stealing chickens. 1 stealing wagon, 1 stealing cow, 1 stealing harness, 1 stealing partridges, 1 misrepresenting terms of an insurance policy, 1 embezzlement, 2 forgery, 3 burglary, 1 arson, 1 statutary rape, 1 sodomy, 2 using abusive and indecent language, and 1 resisting and abusing a police officer. Included among the list of civil cases filed were 19 divorce cases for the year. This is a decrease of 3 cases of this nature filed the year before and is the smallest number of divorce cases filed for the past ten years. The list of civil cases also shows that there were a number of tax and foreclosure cases commenced during the year; some of these cases containing several causes of action, each cause of action describing and effecting a separate and distinct tract of real estate, fo example, in one tax foreclosure case there was twenty-nine causes of action. The bank receiver cases viz: The Farmers State Bank of Mason City, Neb., and the Anselmo State Bank of Anselmo, Neb., were filed during the year, making a total of seven bank receivership cases filed in the county in the last ten years.


Article from The Custer County Chief, January 28, 1932

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HIGHEST Depositors Committee Buy Assets Of Mason City Bank. Custer State Assets Not in Demand. The of the assets of the Farmer's Bank Mason Custer State Bank Broken Bow, held the courthouse in this city Tuesday, attracted quite people. Most there through curiosity and bidders. charge two representatives state department, McGrew former banker being here at that time. There tremendous differapparently in the and securities these Mason bank totalabout $85,000 were cold Depositor's committee $40.000. assets the Custer State Bank amounted trifle over and brought the insignifisum Haley Investment Company Lexington put the high $505 the assets of the Custer State Bank and this firm was declared the subject, to the sale being confirmed the district court The assets the Custer State Bank over eighty notes and judgements, these ranged in from $9,500 down $7.70. There notes and against seven peomore than $5000 others had notes rangfrom Bids were first individual of $21 was put $3000 group notes and bids of each single One man bid $11 on note representing considerable sum, another large proportions only to of After these several notes and judgements were offered singly and in groups, the entire lot, cluding all the notes and all the judgements the Custer State Bank totaling more than one hundred thousand dollars was offered Nebrasfirm for $505. When the assets of the Farmers Bank offered. once apparent that better conditions existed the Mason City institution. An opportunity first given indinotes and the estate and furniture and fixtures of the bank were offered. The bids these small but the entire assets the bank ing over Mason City, representing depositor's started out bid $30,000. This sum raised three times, and the assets finally sold depositor's committee for $40,000. When the sale confirmed the court, all the assets due course time the bank will receive proportionate share the committee the Mason City bank consists John and Harry Sennett expected that charge bank for many will placed charge settlement the affairs. Redmond the confidence his munity this most excellent way which settle the bank the lowest