Farmers State Bank - Ogallala, NE

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 6, 1933
Location: Ogallala, Nebraska (41.128, -101.720)

Metadata

Model: gpt-5-mini
Short Digest: 4ea61a10

Response Measures

None

Description

Article states Farmers State Bank, Ogallala, was closed January 6, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce. This indicates a suspension and transfer to state authority (receiver/examiner) and implies permanent closure rather than a temporary run-only event.

Events (2)

1. January 6, 1933 Receivership

Newspaper Excerpt: turned over to the Dept. of Trade and Commerce. Examiner J. F. McLain is on charge for the dept. of trade and commerce.
Source: newspapers

2. January 6, 1933 Suspension

Cause: Government Action
Cause Details: Closed by its officers and directors and turned over to the Dept. of Trade and Commerce for the state examiner to take charge.
Newspaper Excerpt: Farmers State Bank, Ogallala, was closed January 6, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce.
Source: newspapers

Newspaper Articles (1)

1. January 14, 1933 Nebraska Legal News Lincoln, NE

Article from Nebraska Legal News, January 14, 1933

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Article Text

BANK SUSPENSIONS Bank of Union was closed January 12, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce. Officers are W. B. Bannig, Vice-president and D. Ray Frans, Cashier. Capital stock $15,000 and deposits about $70,000. Farmers State Bank, Ogallala, was closed January 6, 1933 by its officers and directors and turned over to the Dept. of Trade and Commerce. Capital stock is $35,000 and deposits about Officers are: President, E. A. Smith, Vice-president C. R. Smith and Cashier, John M. Creamer. Greenwood State Bank on action of its officers and directors suspended business January 9 for reorganization. Capital stock is $25,000; surplus $5,000. Officers are P. L. Hall, President; E. A. Landon, Vice-president; E. O. Miller, Cashier. Examiner J. F. McLain is on charge for the dept. of trade and commerce. Farmers State Bank of Blair suspended operations December 31, 1932 pending reorganization. Peter M. Tyson is president, C. M. Hitchman vice president and R. C. Hitchman cashier. Bank's capital is $35,000 and its surplus $15,000. Examiner J. F. McLain is in charge for the state dept. of trade and commerce.