Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 14, 1927
Location: Morrill, Nebraska (41.963, -103.926)

Metadata

Model: gpt-5-mini
Short Digest: 199353bd

Response Measures

None

Description

Articles (May 14, 1927) refer to J. W. Rogers as receiver of the State Bank at Gering. No run or prior suspension is described in the provided texts, but assignment of a receiver indicates the bank was closed and in receivership (closure). The entry documents legal action by the receiver against a surety company.

Events (1)

1. May 14, 1927 Receivership

Newspaper Excerpt: appeal has been filed in the supreme court by J. W. Rogers, receiver of ... the State Bank at Gering
Source: newspapers

Newspaper Articles (2)

1. May 14, 1927 Beatrice Daily Sun Beatrice, NE

Article from Beatrice Daily Sun, May 14, 1927

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Article Text

BANK RECEIVER SUES NATIONAL SURETY COMPANY Lincoln, May appeal has been filed in the supreme court by J. W. Rogers, receiver of the Farmers and Merchant's bank at Morrill and of the State bank at Gering. in his suit for recovery from the National Surety company of $111 and $7.976, respectively. for the two banks. The surety company was sued by the depositors guaranty fund on the ground that It was a cosurety with it on the deposits in the bank of the county treasurer of Scottsbluff. who deposited more than the legal limit. The respective responsibilities of the parties at interest were litigated, the surety company claims, in another law suit that went to the supreme court and which resulted in the guaranty fund having to pay certain sums.

2. May 14, 1927 The Omaha Morning Bee, The Omaha Daily News Omaha, NE

Article from The Omaha Morning Bee, The Omaha Daily News, May 14, 1927

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Article Text

BANK RECEIVER APPEALS SUIT Lincoln, May appeal has been filed in the supreme court by J. W. Rogers, receiver of the Farmers and Merchants bank at Morrill and of the State Bank, of Gering in his suit for recovery from the National Surety company of $111 and $7,976, respectively, for the two banks. The surety company was sued by the deposit guaranty fund on the ground that it was cosurety with it on the deposits made in these two banks by the county treasurer of Scotts Bluff county, who deposited more than the legal limit. The respective responsibilities of the parties at interest were litigated. the surety company claims, in another lawsuit that went to the supreme court, which resulted in the guaranty fund having to pay certain sums. The surety company now claims that suit settled all issues between them, but attorneys for the guaranty fund contend that it had to do with other liabilities, and that the one now sought to be enforced did not accrue until the fund made good all of the deposits of the county treasurer in each bank