13377. Douglas County Bank of Omaha (reorganized Farmers' and Merchants Bank of Benson) (Omaha, NE)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
May 11, 1932
Location
Omaha, Nebraska (41.259, -95.938)

Metadata

Model
gpt-5-mini
Short Digest
25d66351

Response Measures

None

Description

Multiple contemporaneous newspaper notices (May 11–19, 1932) report that the reorganized Farmers' and Merchants Bank of Benson reopened under the name Douglas County Bank of Omaha following approval of a reorganization plan by the state banking department. The articles do not describe a depositor run; they describe a reorganization and reopening with depositors allowed 30% cash or to open accounts for that amount. I infer the bank had previously suspended/closed and subsequently reopened after state-approved reorganization.

Events (2)

1. May 11, 1932 Reopening
Newspaper Excerpt
Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened business. Announcement of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount.
Source
newspapers
2. * Suspension
Cause
Government Action
Cause Details
Bank had been reorganized and required approval of the state banking department before reopening, implying prior suspension/closure and state-supervised reorganization
Newspaper Excerpt
reorganized Farmers' and Merchants Bank of Benson has reopened for business ... following approval by the state banking department of details of the reorganization plan
Source
newspapers

Newspaper Articles (10)

Article from The Greenwood Gazette, May 11, 1932

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Article Text

Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened business. of the reopening was made by Clement Waldron, president, following approval by the state banking department details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits cash open an account the bank for the amount.


Article from The Ansley Herald, May 12, 1932

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Article Text

March chicken hatchery reports showed 10.7 per cent fewer eggs set and 19.7 per cent fewer saleable chickens hatched, the state and federal division of agricultural statisticians reported. For the United States, the report showed 5.1 fewer eggs set in March and 4.8 per cent fewer saleable chickens hatched. Saleable chickens hatched January to March inclusive show an increase of nearly 11 per cent, the statisticians reported. Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. Announcement of the reopening was, made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan, Waldron said persons who had deposits in the old, bank may get 30 percent of their de posits in cash or open an account in, the new bank for the same amount About 45,000 head of sheep and lambs remain to be marketed instre Scottsbluff section, A. E. Anderson state and federal statistician, announeed recently. The total movement of sheep and lambs from that territory since January 1 is 1,462 cars as compared with 1,415 cars in the same period in 1931 and 1,616 cars two years ago. Total shipments since the first of January will probably exceed the heavy run two years ago, when the remaining stock is moved, Mr. Anderson believes. The Nebraska state capitol at Lincoln has been voted the third. "most beautiful building" by 50 prominent American architects, according to the United States Daily. First place was given, with 17 votes, to the Lincoln Memorial in Washington and second place, 14 votes, to the Empire State building in New York. The Nebraska building got 13 votes. The J. P. Morgan library in New York was voted fourth most beautiful, the Scottish Rite temple in Washington fifth and the St. Thomas church in New York, sixth.


Article from The Douglas Enterprise, May 12, 1932

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Article Text

Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. of the reopening made by Clement Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits the old bank may get 30 percent of their posits in cash open an account the new bank for the same amount.


Article from The Nelson Gazette, May 12, 1932

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Article Text

Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount.


Article from The Monroe News, May 12, 1932

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Article Text

State News Items of Interest Robbing crows' nests is more profitable than raising chickens and gathering hen eggs now. Hen eggs bring from eight to ten cents a dozen at stores at O'Neill. Crow eggs are worth 60 cents a dozen. The county bounty on crows applies to young crows and eggs. Leslie W. Nelson of North Platte was elected president of the principals and superintendents association at Nebraska State Teachers association meeting at Lincoln. He succeeds J. R. Bitner of Fullerton. E. L. Novotny of Beatrice was elected vicepresident, and John P. Weisensee of Tekamah, secretary-treasurer, The Omaha livestock exchange has issued a warning to sheep raisers not to send any offerings of aged ewes to the Omaha market. The warning was issued after 58 head of aged ewes sold for ten cents each. When the price reached the ten cent level, one commission house refused to accept a carload of aged ewes. The city of Lincoin, will sustain a loss of $3,000 as a result of the removal of the "H street" railroad, over which materials have been moved to the state capitol grounds, it was estimated. The loss represents the difference between the $1,247 deposited by the state capitol commission by the city treasurer and $4,200 that will be required to pave H street where the tracks are to be removed. March chicken hatchery reports showed 10.7 per cent fewer eggs set and 19.7 per cent fewer saleable chickens hatched, the state and federal division of agricultural statisticians reported. For the United States, the report showed 5,1 fewer eggs set in March and 4.8 per cent fewer saleable chickens hatched Saleable chickens hatched January to March inclusive show an increase of nearly 1 per cent, the statisticians reported. Under the name of the Douglas County Bank of Omaha, the reorgan Ized Farmers' and Merchants Bank of Benson has reopened for business Announcement of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount. About 45,000 head of sheep and lambs remain to be marketed in the Scottsbluff section, A. E. Anderson, state and federal statistician, announced recently The total movement of sheep and lambs from that territory since January is 1,462 cars as com pared with 1,415 cars in the same period in 1931 and 1,616 cars two years ago. Total shipments since the first of January will probably exceed the heavy run two years ago, when the remaining stock is moved, Mr. Anderson believes. The Nebraska state capitol at Lin coln has been voted the third "most beautiful building" by 50 prominent American architects, according to the United States Daily First place was given, with 17 votes, to the Lincoln Memorial in Washington and second place, 14 votes, to the Empire State building in New York. The Nebraska building got 13 votes. The J. P. Morgan library in New York was voted fourth most beautiful, the Scottish Rite temple in Washington fifth and the St. Thomas church in New York, sixth.


Article from The Randolph Times, May 12, 1932

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Article Text

NEWS OF THE STATE What Other Parts of Nebraska are Doing Leslie W. Nelson of North Platte was elected president of the principals and superintendents association at a Nebraska State Teachers association meeting at Lincoln. He succeeds J. R. Bitner of Fullerton. E. L. Novotny Beatrice was elected vicepresident, and John P. Weisensee of Tekamah, secretary-treasurer. The Omaha livestock exchange has issued a warning to sheep raisers not to send any offerings of aged ewes to the Omaha market. The warning was issued after 58 head of aged ewes sold for ten cents each, When the price reached the ten cent level, one commission house refused to accept a carload of aged ewes. The city of Lincoln, will sustain a loss of $3,000 as a result of the removal of the "H street" railroad, over which materials have been moved to the state capitol grounds, it was estimated. The loss represents the difference between the $1,247 deposited by the state capitol commission by the city treasurer and $4,200 that will be required to pave H street where the tracks are to be removed. March chicken hatchery reports showed 10.7 per cent fewer eggs set and 19.7 per cent fewer saleable chickens hatched, the state and federal division of agricultural statisticians reported. For the United States, the report showed 5.1 fewer eggs set in March and 4,8 per cent fewer sale able chickens hatched. Saleable chickens hatched January to March inclusive show an increase of nearly 1 per cent, the statisticians reported. Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. Announcement of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount. About 45,000 head of sheep and lambs remain to be marketed in the Scottsbluff section, A. E. Anderson, state and federal statistician, announced recently. The total movement of sheep and lambs from that territory since January is 1,462 cars as compared with 1,415 cars in the same period in 1931 and 1,616 cars two years ago. Total shipments since the first of January will probably exceed the heavy run two years ago, when the remaining stock is moved, Mr. Anderson believes. The Nebraska state capitol at Lincoln has been voted the third "most beautiful building" by 50 prominent American architects, according to the United States Daily. First place was given, with 17 votes, to the Lincoln Memorial in Washington and second place, 14 votes, to the Empire State building in New York. The Nebraska building got 13 votes. The J. P. Morgan library in New York was voted fourth most beautiful, the Scottish Rite temple in Washington fifth and the St. Thomas church in New York, sixth. Elmer Kanaly, living on a ranch near Falls City, wants someone to sug. gest a remedy that will keep him from seeing snakes. Kanaly is a man of perfect sobriety, but he believes he sees more snakes than any man In eastern Nebraska, And they're real ones, too. Kanaly's house appears to rest above a colony of blacksnakes and blue racers, So far this spring he has killed well in excess of 100 of the reptiles which come from beneath the house on warm days to bask in the sun. He uses a rifle to kill the snakes but finds the process slow in view of the seeming large number, he complains. From the little town of Trenton comes a note of cheer in the midst of gloom over mounting taxes. Trenton, let it be known, is slashing taxes right and left-and there's still a surplus in its treasury. So far this year Trenton's not quite 900 citizens have made these changes to lighten the tax load, The village tax has been eliminated, light, heat and power rates have been cut, and village officials have reduced their own salaries and effected other economies to hold down expense. Revenue from the municipal light-water-and-ice plant is expected to pay all the town's expenses. The plant, valued at more than $150,000, also supplies ice to several nearby towns. Know how to spell "peristalsis?" Thirteen-year-old Barbara Luff of Central City, did and it won for her the title of champion grade speller of Nebraska. She will represent the Cornhusker state in competition against champions from the 47 "other states in Washington. Barbara won when Fern Steuteville of South Sioux City tripped on the word mentioned above, The two were the last of 61 boys and girls from as many Nebraska counties to compete in the tournament decided at Omaha recently. John Finney, jr., of Dundy county was third. Patronize our advertisers!


Article from The Ulysses Dispatch, May 12, 1932

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Article Text

State News Items of Interest Robbing crows' nests more profitable than raising chickens and gathering hen eggs Hen eggs bring from eight to ten cents dozen stores O'Neill. Crow eggs worth cents dozen, The county bounty on crows applies young crows and Leslie W. Nelson of North Platte was elected president of the princiand superintendents association Nebraska State Teachers association meeting Lincoln. He succeeds Bitner of Fullerton. Novotny of Beatrice elected vicepresident, and John Weisensee Tekamah, The Omaha livestock exchange has issued warning to sheep raisers not to send any offerings of aged ewes to the Omaha market. The warning was issued after head of aged sold for ten cents each, When the price reached the ten cent level, one commission house refused to accept carload of aged ewes. The city of Lincoln, will sustain loss $3,000 result of the moval of the street" railroad, over materials have been moved to the state capitol grounds, was estimated. The loss represents the difference between the $1,247 deposited by the state capitol commission by the city treasurer and that will be required pave H street the tracks are to be removed. March chicken hatchery reports showed 10.7 per cent fewer set and per cent fewer saleable chickhatched, the state and federal division of agricultural statisticians reported. For the United States, the report showed fewer eggs set in March and per cent fewer saleable chickens hatched. Saleable chickens hatched January to March inclusive show an increase of nearly per cent, the statisticians reported. Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. Announcement of the reopening made by Clement Waldron, president, following approval by the state banking department details of the reorganization Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash open an account the new bank for the same amount.


Article from The Tryon Graphic, May 12, 1932

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Article Text

Under the name of the Douglas County Bank of Omaha, the reorgan ized Farmers' and Merchants Bank of Benson has reopened for business Announcement of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan, Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount. About 45,000 head of sheep and lambs remain to be marketed in the Scottsbluff section, A. E. Anderson, state and federal statistician, announced recently, The total movement of sheep and lambs from that territory since January is 1,462 cars as compared with 1,415 cars in the same period in 1931 and 1,616 cars two years ago. Total shipments since the first of January will probably exceed the heavy run two years ago, when the remaining stock is moved, Mr. Anderson believes. The Nebraska state capitol at Lincoln has been voted the third "most beautiful building" by 50 prominent American architects, according to the United States Daily. First place was given, with 17 votes, to the Lincoln Memorial in Washington and second place, 14 votes, to the Empire State building in New York. The Nebraska building got 13 vot.3, The J. P. Morgan library in New York was voted fourth most beautiful, the Scottish Rite temple in Washington fifth and the St. Thomas church in New York, sixth.


Article from Louisville Courier, May 13, 1932

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Article Text

State News Items of Robbing nests is more profitraising chickens and gathering hen eggs Hen eggs bring from eight ten cents dozen at stores Crow are worth cents dozen. The county bounty on applies to young crows and eggs. Nelson North Platte elected president the princiassociation Nebraska State Teachers association meeting Lincoln. He succeeds Bitner of Fullerton. Novotny Beatrice was elected vicepresident, and Weisensee of Tekamah, The Omaha livestock exchange has issued warning to sheep raisers send any offerings of aged the Omaha market. The warning was issued after 58 head of aged sold for ten cents each. When the price reached the ten cent level, one commission house refused to accept load of aged ewes. The city of Lincoln, will sustain loss of $3,000 result of the moval the street" railroad, over which materials have been moved the state capitol grounds, was estimated. The loss represents the difference between the $1,247 deposited by the state capitol commission by the city treasurer and $4,200 that will required pave street where the tracks are to be removed. March chicken hatchery reports showed 10.7 per cent fewer and cent fewer saleable chickens hatched, the state and federal division of agricultural statisticians reported. For the United States, the report showed fewer eggs set in March and per cent fewer saleable chickens hatched. Saleable chickens hatched January to March clusive show increase of nearly per cent, the statisticians reported. Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. of the reopening was made by Clement Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank get 30 percent of their deposits cash or open an account the bank for the amount. About 45,000 head of sheep and lambs remain to be marketed in the Scottsbluff section, Anderson, recently. The total movement of sheep and lambs from that territory since January cars as compared with 1,415 cars in the same period in 1931 and cars two years Total shipments since the first January will probably exceed the heavy run two years ago, when the remaining stock moved, Mr. Anderson believes.


Article from The Enterprise Messenger, May 19, 1932

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Article Text

Under the name of the Douglas County Bank of Omaha, the reorganized Farmers' and Merchants Bank of Benson has reopened for business. Announcement of the reopening was made by Clement L. Waldron, president, following approval by the state banking department of details of the reorganization plan. Waldron said persons who had deposits in the old bank may get 30 percent of their deposits in cash or open an account in the new bank for the same amount.