13608. Farmers State Bank (St Edward, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
July 15, 1931
Location
St Edward, Nebraska (41.570, -97.866)

Metadata

Model
gpt-5-mini
Short Digest
8382447e

Response Measures

None

Description

Articles indicate the Farmers State Bank of St. Edward was in receivership (receiver paid attorneys; receiver sued on a note). No mention of any depositor run. Therefore this is a suspension that resulted in closure/receivership. Dates taken from newspaper publication dates mentioning the receiver.

Events (3)

1. July 15, 1931 Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership/closed by banking authorities (receiver handling bank affairs as listed among receivership attorney payments).
Newspaper Excerpt
Fred S. Berry, Wayne, $14,605: ... H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers.
Source
newspapers
2. February 4, 1932 Other
Newspaper Excerpt
The action of jury in Boone county in freeing Frank Flaherty of liability on $5,900 note upon which the receiver of the Farmers State Bank of St. Edward had sued him was sustained by supreme court.
Source
newspapers
3. February 4, 1932 Receivership
Newspaper Excerpt
receiver of the Farmers State Bank of St. Edward had sued him was sustained by supreme court.
Source
newspapers

Newspaper Articles (2)

Article from Osmond Republican, July 15, 1931

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Article Text

BRYAN LISTS ATTORNEYS The controversy now at its height between Governor Bryan and Bank Receiver Clarence Bliss in which the governor is accused of such interference in the labors of the receiver that the latter attempted removal of his office from the co-operation of the state banking department has prompted Governor Bryan to publish the names of the attorneys who have been employed by the receivers and the amounts paid to them in the past. The Governor recently suggested list of attorneys who should be given preference in receivership cases and as these men were of the gov. ernor's political faith, decided ob jections were voiced by the receiver. Employed heretofore in bank cases according to the list given publicity by Bryan are: B. Hurley, Ponca, $735; Allen State bank, Allen; Citizens State bank, Martinsburg State bank, Martinsburg; Security State bank, Ponca. George B. Hastings, Grant, Allen State bank, Allen, and two others. Kelsey and Kelsey, Norfolk, $5,494; Battle Creek Valley bank, Battle Creek; Pierce State bank, Pierce: Enola State bank, Enola: Magnet State bank, Magnet; Meadow Grove State bank. Fred S. Berry, Wayne, $14,605: Beemer State bank, Beemer; Farmers State bank. Bradish: Farmers State bank, Altoona; Farmers State bank. Crofton; Magnet State bank, Magnet; Dixon State bank, Dixon; State Bank of Laurel, Laurel; Orchard State bank, Orchard: Thurston State bank, Thurston; Security State bank, Wakefield. H. Doyle, Fullerton, bank of Clarks, Clarks: Ottis and Murphy bank, Humphrey; Farmers State bank, St. Edward, and two ers. Shurtleff and Spillman, Norfolk, Breslau State bank, Breslau: James C. Guigley, Valentine, $1,220; Browneee State bank, Brownlee; Ranchers State bank, Cody: Valentine State bank, Valentine; Kilgore State bank, Kilgore; American bank Merriman. Crites and Crites, Chadron, $2,502; Chadron State bank, Chadron; Wayside State bank, Wayside; Farmers bank, Crawford (sale). W. A. Meserve, Creighton, $2,051; Security bank, Creighton; First State bank, Bazille Mills. Dolezal, Mapes and Johnson, Fremont, $4,456.61; Dodge State bank, Dodge; Farmers State bank, Ames; Dodge county bank, Scribner: Snyder State bank, Snyder; Farmers State bank, Genoa. Swarr. May and Royce, Omaha, $13,942.19; Scribner State bank, Scribner; Snyder State bank, Snyder; Brown county bank, Long Pine, and two others. Hammond, $226; Inman State bank, Inman. Sidney Frumm, Dakota City, $2,210; Bank of Dakota county, Jackson; First State bank, Nacora: State bank of Laurel, Laurel; Bank of South Sioux City, South Sioux City. NORFOLK MAN FOUND DEAD City authorities at Norfolk were called the home of Gus Bartholoto mew on Monday to ascertain if possible the cause of death of Hillard Bartholomew; 24 years old, whose body was found in the home garage by his father. From all indications the young man had committed suicide. Examination by the authorities proved that he had taken the car belonging to his father on Sunday evening without the knowledge of his parents and contrary to instructions from them. He had been out late in the evening and overturned the car. It was also learned that he had been drinking. The body of Bartholomew was found lying near the exhaust of the car; all doors to the garage were closed.


Article from The Albion Argus, February 4, 1932

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Article Text

Supreme Court Sustains Verdict In Flaherty Case (Lincoln Journal) The action of jury in Boone county in freeing Frank Flaherty of liability on $5,900 note upon which the receiver of the Farmers State Bank of St. Edward had sued him was sustained by supreme court. Thursday. Flaherty said he gave the note accommodation and never got any money on it. The receiver said that its execution fraudulent scheme to deceive the state banking authorities and worked fraud on the creditors, even the it were accomodation note. The court says the evidence does not support that contention or that the state authorities were really deceived. There no testimony to show that the bank, a going concern when the note was given, was in an unsound condition. It is true that it needed money, but appears to have preferred to raise this by the use of paper rather than enforce obligations upon farmer debtors who suffered loss of crops. No one, the court says, was injured or deceived.