Farmers State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 28, 1931
Location: Naper, Nebraska (42.964, -99.097)

Metadata

Model: gpt-5-mini
Short Digest: d4f6f692

Response Measures

None

Description

Article reports the Governor announced the closing of Farmers State Bank at Naper and an examiner (Virgil S. Lee) was placed in charge. No run is described; the closure is by government action and appears permanent.

Events (2)

1. September 28, 1931 Receivership

Newspaper Excerpt: Examiner Virgil S. Lee was placed in charge.
Source: newspapers

2. September 28, 1931 Suspension

Cause: Government Action
Cause Details: Closed by order of the Governor; banking examiner placed in charge.
Newspaper Excerpt: Governor Bryan today announced the closing of the Farmers State bank at Naper ... Examiner Virgil S. Lee was placed in charge.
Source: newspapers

Newspaper Articles (1)

1. September 28, 1931 The Grand Island Independent Grand Island, NE

Article from The Grand Island Independent, September 28, 1931

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Article Text

FARMERS' STATE BANK CLOSES DOORS Lincoln, Sept. 28. (/P)-Governor Bryan today announced the closing of the Farmers State bank at Naper, village in Boyd county. Examiner Virgil S. Lee was placed in charge. The bank carried deposits of about $40,000; was capitalized for $15,000. and had $3,000 surplus. E. H. Hughes was president, and Lida M. Hughes, cashier.