Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 12, 1922
Location: Walton, Nebraska (40.799, -96.562)

Metadata

Model: gpt-5-mini
Short Digest: 3bb9748b

Response Measures

None

Description

Article (New York Herald, 1922-04-13) reports the Department of Trade and Commerce took over the Farmers and Merchants State Bank of Walton on April 12, 1922 and a receiver will be appointed due to inability to recover from transactions of former officers. No run is mentioned; government takeover and receivership indicate permanent closure.

Events (2)

1. April 12, 1922 Receivership

Newspaper Excerpt: a receiver will be appointed, according to J. E. Hart, secretary. The bank was unable to recover from the transactions of former administrative officers, Mr. Hart said.
Source: newspapers

2. April 12, 1922 Suspension

Cause: Government Action
Cause Details: Taken over by the Department of Trade and Commerce because the bank was unable to recover from transactions of former administrative officers.
Newspaper Excerpt: The Farmers and Merchants State Bank of Walton, Neb., was taken over to-day by the Department of Trade and Commerce and a receiver will be appointed
Source: newspapers

Newspaper Articles (1)

1. April 13, 1922 The New York Herald New York, NY

Article from The New York Herald, April 13, 1922

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Article Text

BANK IN WALTON IN TROUBLE. LINCOLN. Neb., April 12.-The Farmers and Merchants State Bank of Walton, Neb., was taken over to-day by the Department of Trade and Commerce and a receiver will be appointed, according to J. E. Hart, secretary. The bank was unable to recover from the transactions of former administrative officers, Mr. Hart said.