13615. Farmers State Bank (Stella, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 3, 1929
Location
Stella, Nebraska (40.233, -95.773)

Metadata

Model
gpt-5-mini
Short Digest
e8e898f6

Response Measures

None

Description

Newspapers report Farmers State Bank of Stella was taken over by the banking commissioner on June 3, 1929 and a receiver appointed. There is no mention of a depositor run; county is pursuing funds from the bank/receiver and bondsmen. Classify as suspension leading to closure/receivership (government action).

Events (2)
1. June 3, 1929 Receivership
Newspaper Excerpt
demand... from the receiver of the Farmers State Bank of Stella, Nebraska, and from the signers of the bond for said bank as a depository for county funds, that the amount due the county ... be paid over to said treasurer without delay, and that if such sum is not paid that suit be instituted to recover from said bank, its receiver, and its bondsmen such amount due.
Source
newspapers
2. June 3, 1929 Suspension
Cause
Government Action
Cause Details
Bank taken over by the state banking commissioner (regulatory takeover) on June 3, 1929.
Newspaper Excerpt
taken over by the banking commissioner on June 3, this year.
Source
newspapers

Newspaper Articles (5)
1. August 20, 1929 The Falls City Journal Falls City, NE
Article from The Falls City Journal, August 20, 1929

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Article Text

SEEKING FUNDS IN FAILED BANK Board Demands Treasurer Secure County Money in Defunct Institution at Stella. Action was taken by the county board this afternoon, demanding that the county treasurer take steps without further delay to secure for the county the funds that the county had on dpeosit in the Farmers State Bank of Stella, which was taken over by the banking commissioner on June 3, this year. The county board, this year, before depositing money in county banks, did not depend on the guaranty fund but also insisted on a bond being filed by the banks. The county treasurer was instructed to make demand, and failing to get results, to institute suit against the bank and the bondsmen for the amount that was on deposit when the bank was taken over. The motion, which was carried unanimously, follows: It was moved by Buchholz, seconded by Morris, that the county clerk be instructed to notify the county treasurer that, in accordance with verbal suggestions made on several occasions, and in accordance with the written opinion of the attorney general already shown to said county treasurer, that the said county treasurer be instructed to make demand, without further delay, from the receiver of the Farmers' State Bank of Stella and from the signers of the bond for said bank as a depository for funds, that the amount due county the county as shown by the county if such sum is not paid, that suit will be instituted to recover from said its receiver and its bondmen, bank, such amount due.

2. August 22, 1929 Nemaha County Republican Auburn, NE
Article from Nemaha County Republican, August 22, 1929

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Article Text

County Demands Failed Bank Funds Falls City, Aug. was taken by the county board this afternoon, demanding that the county treasurer take steps without ther delay to secure for the county the funds that the county had on deposit in the Farmers State Bank of Stella, which was taken over by the banking commissioner on June this year. The county board, this year, bedepositing money county did not depend the guarfund but also insisted on bond being filed by the banks. The county treasurer was instructed to make demand, and failing to get results, institute suit against the bank and bondsmen for the amount that was on deposit when the bank taken over.

3. August 30, 1929 The Falls City Times Falls City, NE
Article from The Falls City Times, August 30, 1929

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Article Text

COUNTY BOARD MEETING Fall City, Nebraska August 20, 1929 Nine O'Clock A M County Board of Commissioners met at 9 o'clock P M pursuant to adjournment with Commissioners J H Hut chings, Louis Buchholz and Ed D Morris present. Claims Claims were received, audited and allowed on various funds by the Board and the County Clerk directed to issue warrants on the county treasurer to pay same as follows: General Fund Mrs. H R Foster, expense to Atchison 7.50 Mrs H R Foster, care of Bon15.40 children I nicamp M Brannum, sup plies & labor 24.00 F O Slagle, medi_ine for Coun- ty farm J C Penney Co., mdse. to county farm Florence Cleaver, house rent for Mrs. Motsinger Florence Cleaver, stamps Lewis Davies, mi eage and expense H L Miller, supplies Omaha Printing Co., supplies for assessors 7.50 4.76 20.00 6.80 50.13 18.00 42.33 H. V. Dorland, smithing 38.25 Ayers Auto Suppiy Co, supplies 21.25 E. I. Dupont DeNemours, dynamite 103.75 Lincoln Road Equipment Co., re11.53 pair parts Lee Scott, road work 2.40 John/Gerdes, road work 2.40 Earl Marsh, patrolman No. 2 44.10 W. M. Hunzeker, road wrok 7.10 Inheritance Tax Fund Fred Knickerbocker, road work_40.60 John Karsten, road wrok 70.30 County Road District No. 1 Fund Lee Strough, road work 25.00 Carl Palmer, road work 25.20 Everett Palmer, road work 46.20 Charles Martin, road work 39.20 John Ivey, road work 39.20 A. J. Ivey, road work 145.70 County Road District No. 2 Fund M. J. Turner, road work 11.60 Vern Williams, raod work 5.00 Levi Hooley, road work 5.00 County Road District No. 3 Fund H. V. Dorland, smithing 18.60 54.30 10.50 11.40 8.70 57.60 14.40 12.00 54.00 Road Dragging Fund Herman Tubach, dragging Claude Fisher, dragging Clarence Egner, dragging Hugh Kelly, dragging Ted Jarvis, dragging Harold K. Peck, dragging Hugh Kelly, dragging B. G. Mullen, dragging Road District Funds 7.80 Lee Glathar, road work 17.50 Claude Glathar, road work 18.60 J. H. Glathar, road work 4.80 George L. Jones, road work 4.60 O. P. Babb, road work 11.60 O. P. Babb, raod work 6.90 O. P. Babb, road work William Brooks, road work 9.40 4.80 Luther Ray, raod work 19.30 Luther Ray. road work 3.50 Robert W. Duryea, road work 5.00 J. W. King, road work 12.50 J. W. King, road work 10.00 J. W. King, road work 4.25 Ted Wing, road work 39.50 Vern Williams, road work Vern Williams, road work 20.00 39.50 Levi Hooley, road work 20.00 Levi Hooley, road work Marlin Harris, road work 5.70 31.20 Samuel J. Harris, road work 13.10 Henry Apel, road work Wm Wissman, road work 15.50 Ernest Colem, road work 7.00 Albert Fischer, road work 12.50 E. W Hunzeker, road work 40.00 Paul Bauchman, road work 2.50 John Hamilton, road work 5.00 Jake Zimmerman, road work 35.90 4.50 Henry West, road work 5.00 Neal Dean, road work F E Watton, road work 32.00 Date Watton, road work 12.00 Edwin Fisher, road work 7.50 H. C. Jorn, road work .50 Recess was taken by the Board from 12:00 o'clock noon until 1:00 o'clock P. M. The Board assembled :00 o'clock P. M. County Treasurer Directed to Collect County Funds from Farmers State Bank of Stella. It was moved by Buchholz and seconded by Morris that the County Clerk to be instructed to notify the County Treasurer that in accordance with the written opinion of the Attorney General already shown said County Treasurer be instructed to make demand without further delay, from the receiver of the Farmers State Bank of Stella, Nebraska, and from the signers of the bond for said bank as a depository for county funds, that the amount due the county as shown by the county treasurer's books, together with interest at 2 per cent to be paid over to said treasurer without delay, and that if such sum is not paid that suit be instituted to recover from said bank, its receiver, and its bondsmen such amount due. The motion carried all members voting yes. Mother's Pension Renewal The orders of the County Court granting mother's pensions were received and examined by the Board and it was regularly moved which carried that same be appróved and the county clerk directed to issue warrants on the Mothers Pension Fund of the county to pay same when due as follows: Jennie Dunn $20.00 per month for six months, commencing September 4, 1929. Effie Slagle $20.00 per month for six months commencing August 15th. 1929. Approval of Bond of Jess Buchholz. Road Overseer The bond of Jess Buchholz, anpointed road overseer in road district No. 1 Ohio precinet was received and examined by the Board and it was regularly moved. seconded and car ried that the bond be approved. Time of Next Meeting It was regularly moved, which carried that when this Board adjourns, we adjourn to meet August 24th at 9 o'clock A. M. Approval of Minutes The minutes of the meeting were read and approved. Adjournment Motion regularly moved which carried to adjourn. R W DAGGETT, County Clerk J H HUTCHINGS. Chairman, Rote E W Simpson, ambulance ser14.50 vice A. M. Baughman, printing bal150.00 lots, publication, etc. Bridge Fund C'arence Wilson, bridge work 21.00 Charley Doran, bridge work Del Mort, bridge work 21.00 Walter Rist, bridge work James Hooley, bridge work 45.85 Harley Niles, bridge work. Frank Ferron, bridge work 45.85 Jack Marion, bridge work 28.35 Y. Michel, bridge work Ben Franklin, bridge work 48.13 Theodore Gilmore. bridge work 36.75 Orville Richmond, bridge work 35.35 W T Femmer, bridge work 20.00 17.50 E A Sailors. bridge work Burr DeWald. bridge work 17.85 17.50 Ralph Bolejack, bridge work o P Babb, bridge work 9.20 William Brooks, bridge work 8:00 Vern Williams, bridge work 2.50 M J Turner, bridge work 48.94 Geo. L Jones, bridge work 12.00 Clarence Wilson, bridge work 8.40 Del Mort, bridge work 15.40 Charley Doran, bi dge work 18.90 C. B. & Q. Railroad, freight on car piling 232.72 H. V. Dorland, smithing 6.00 Ayers Auto Supply Co, supplies 14.50 County Highway Fund Bud Hughes, road work 53.80 W. M. Hogan, right of way 15.00 Ted Wing, road work 53.12 J. W. King, tractor operator 37.50 Robert W. Duryea, road work 23.10 38.40 Luther Ray, road work W. T. Femmer, road work 32.00 E. A. Sailors, road work 28.00 Burr Dewald, road work 28.00 Ralph Bolejack, road work 28.00 O. P. Babb, road work 27.70 William Brooks, road work, 38.60 M. J. Turner, road work 8.70 45.70 George L. Jones, road work

4. September 1, 1929 Falls City Daily News Falls City, NE
Article from Falls City Daily News, September 1, 1929

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Article Text

COUNTY BOARD MEETING (Continued from Page Two) 15.40 nicamp children for bids for removing 15,000 yard of I M Brannum, supplies & labor 24.00 dirt for con-tructing road from SaF O Slagle, medicine for Counlem stock yards to the Coon coiner. 7.50 ty farm Time of Next Meeting JC Penney Co., mdse. to county It was regularly moved which carfarm 4.76 ried that when this Board adjourns, Florence Cleaver, house rent for we adjourn to meet Aug. 20, 1929 at 20.00 Mrs. Motsinger 9:00 o'clock A. M. Florence Cleaver, stamps 6.80 Approval of Minutes Lewis Davies, mileage and exThe minutes of the meetings of 50.13 pense August 6th, 1929 and August 13th, 18.00 H L Miller, supplies 1929 were read and approved. Omaha Printing Co., supplies for Adjournment 42.33 assessors Motion to adjourn carried. Mrs. N. Brenizer, rent for John R. W. DAGGETT, Rote 10.00 County Clerk E W Simpson, ambulance serJ H HUTCHINGS, Chairman, Fall City, Nebraska August 20, 1929 Nine O'Clock A M County Board of Commissioners met at 9 o'ulock P M pursuant to adjournment with Commissioners J H Hutchings, Louis Buchholz and Ed D. Morris present. Claims Claims were received, audited and allowed on various funds by the Board and the County Clerk directed to issue warrants on the county treasurer to pay same as follows: General Fund Mrs. H R Foster, expense to At- It was moved by Buchholz and seconded by Morris that the County Clerk to be instructed to notify the County Treasurer that in accordance with the written opinion of the Attorney General already shown said County Treasurer be instructed to make demand without further delay, from the receiver of the Farmers State Bank of Stella, Nebraska, and from the signers of the bond for said bank as a depository for county funds, that the amount due the county as shown by the county treasurer's books, together with interest at 2 per cent to be paid over to said treasurer without delay, and that if such sum is not paid that suit be instituted to recover from said bank, its receiver, and its bondsmen such amount due. The motion carried all members voting yes. Mother's Pension Renewal The orders of the County Court granting mother's pensions were received and examined by the Board and it was regularly moved which carried that same be approved and the county clerk directed to issue warrants on the Mothers Pension Fund of the county to pay same when due as follows: Jennie Dunn $20.00 per month for six months, commencing September 4, 1929. Effie Slagle $20.00 per month for six months commencing August 15th, 1929. Approval of Bond of Jess Buchholz, Road Overseer The bond of Jess Buchholz, appointed road overseer in road district No. 1 Ohio precinet was received and examined by the Board and it was regularly moved, seconded and carried that the bond be approved. Time of Next Meeting It was regularly moved, which carried that when this Board adjourns, we adjourn to meet August 24th at 9 o'clock A. M. Approval of Minutes The minutes of the meeting were read and approved. Adjournment Motion regularly moved which carried to adjourn. R W DAGGETT, County Clerk , H HUTCHINGS, Chairman, chison 7.50 Mrs H R Foster, care of Bon14.50 vice A. M. Baughman, printing bal150.00 lots, publication, etc. Bridge Fund Clarence Wilson, bridge work 21.00 Charley Doran, bridge work 21.00 Del Mort, bridge work 21/00 Walter Rist, bridge work 21.00 James Hooley, bridge work 62.50 Harley Niles, bridge work 45.85 Frank Ferron, bridge work 42.18 Jack Marion, bridge work 45.85 Y. Michel, bridge work 28.35 Ben Franklin, bridge work 48.13 Theodore Gilmore, bridge work_36.75 Orville Richmond, bridge work_35.35 W T Femmer, bridge work 20.00 Lincoln Road Equipment Co., reE A Sailors, bridge work 17.50 pair parts 11.53 Burr DeWald, bridge work 17.85 Lee Scott, road work 2.40 Raiph Bolejack, bridge work 17.50 John Gerdes, road work 2.40 0 P Babb, bridge work 9.20 Eart Marsh, patrolman No. 2 44.10 William Brooks, bridge work 8.00 W. M. Hunzeker, road wrok 7.10 Vern Williams, bridge work 2.50 Inheritance Tax Fund M J Turner, bridge work 48.94 Fred Knickerbocker, road work Geo. L Jones, bridge work 12.00 John Karsten, road wrok 70.30 Clarence Wilson, bridge work 8.40 County Road District No. 1 Fund Del Mort, bridge work 15.40 Lee Strough, road work 25.00 Charley Doran, bridge work 18.90 Carl Palmer, road work 25.20 C. B. & Q. Railroad, freight on Everett Palmer, road work 46.20 232.72 Charles Martin, road work 39.20 car piling H. V. Dorland, smithing 6.00 John Ivey, road work 39.20 Ayers Auto Supply Co, supplies_14.50 A. J. Ivey, road work 145.70 County Highway Fund County Road District No. 2 Fund Bud Hughes, road work 53.80 M. J. Turner, road work 11.60 W. M. Hogan, right of way 15.00 Vern Williams, raod work 5.00 Ted Wing, road work 53.12 5.00 Levi Hooley, road work J. W. King, tractor operator 37.50 County Road District No: 3 Fund 23.10 18.60 Robert W. Duryea, road work H. V. Dorland, smithing Luther Ray, road work 38.40 Road Dragging Fund W. T. Femmer, road work 32.00 54.30 Herman Tubach, dragging 28.00 10.50 E. A. Sailors, road work Claude Fisher, dragging Burr Dewald, road work 28.00 11.40 Clarence Egner, dragging 28.00 8.70 Ralph Bolejack, road work Hugh Kelly, dragging O. P. Babb, road work 27.70 57.60 Ted Jarvis, dragging William Brooks, road work, 38.60 14.40 Harold K. Peck, dragging 8.70 12.00 M. J. Turner, road work Hugh Kelly, dragging 45.70 54.00 George L. Jones, road work B. G. Mullen, dragging H. V. Dorland, smithing Road District Funds Ayers Auto Supply Co, supplies 21.25 Lee Giatnar, road work 7.80 E. I. Dupont DeNemours, dyna- Claude Glathar, road work 17.50 mite 103.75 J. H. Giathar, road work 18.60 George L. Jones, road work 4.80 O. P. Babb, road work 4.60 O. P. Babb, raod work 11.60 O. P. Babb, road work 6.90 William Brooks, road work 9.40 4.80 Luther Ray, raod work 19.30 Luther Ray, road work Robert W. Duryea, road work 3.50 J. W. King, road work 5.00 J. W. King, road work 12.50 10.00 J. W. King, road work Ted Wing, road work 4.25 Vern Williams, road work 39.50 Vern Williams, road work 20.00 Levi Hooley, road work 39.50 Levi Hooley, road work 20.00 Marlin Harris, road work 5.70 Samuel J. Harris, road work 31.20 Henry Apel, road work 13.10 Wm Wissman, road work 15.50 Ernest Colem, road work 7.00 Albert Fischer, road work 12.50 E. W® Hunzeker, road work 40.00 Paul Bauchman, road work 2.50 John Hamilton, road work 5.00 Jake Zimmerman, road work 35.90 Henry West, road work 4.50 Neal Dean, road work 5.00 F E Watton, road work 32.00 Dale Watton, road work 12.00 Edwin Fisher, road work 7.50 H. C. Jorn, road work .50 Recess was taken by the Board from 12:00 o'clock noon until 1:00 o'clock P. M. The Board assembled at 1:00 o'clock P. M. County Treasurer Directed to Collect County Funds from Farmers State Bank of Stella. 17th and Chase Streets PHONE NO. 404 FALLS CITY, NEBRASKA CHRYSLER HUDSON PLYMOUTH ESSEX

5. September 19, 1929 The Falls City Journal Falls City, NE
Article from The Falls City Journal, September 19, 1929

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Funds From Farmers State Bank of Stella. It was moved by Buchholz and seconded by Morris that the County Clerk be instructed to notify the County Treasurer that in accordance with the written opinion of the Attorney General already shown said County Treasurer and with verbal suggestions made on several occasions, that the said county treasurer be instructed to make demand with out further delay, from the receiver of the Farmers State Bank of Stella, Nebraska, and from the signers of the bond for said bank as a depository county funds, that the amount due the county as shown by the county treasurer's books, together with interest at 2 per cent be paid over to said treasurer without delay, and that if such sum is not paid that suit be instituted to recover from said bank, its receiver, and its bondsmen such amount due. The motion carried all members voting yes. Mother's Pension Renewals. The orders of the County Court granting mother's pensions were received and examined by the Board and it was regularly moved which carried that same be approved and the County Clerk directed to issue warrants on the Mothers' Pension Fund of the county to pay same when due as follows: Jennie Dunn $20.00 per month for six months, commencing Sept. 1929, Effie Slagel, $20.00 per month commencing August 15, 1929. Approval of Bond of Jess Buchholz, Road Overseer. The bond of Jess Buchholz appointed road overseer in Road District No. 1 Ohio precinct was received and ex. amined by the board and it was reg ularly moved, seconded and carried that the bond be approved. Time of Next Meeting. It was regularly moved which car- Circus King ried that when this Board adjourns we adjourn to meet August 24th, 1929, at 9;00 o'clock A. M. Approval of Minutes. The minutes of the meeting were read and approved. Mrs. Stover's Bungalow Candies, 80c a pound. Penner's Pharmacy. 188-tf