Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 15, 1933
Location: Wymore, Nebraska (40.122, -96.663)

Metadata

Model: gpt-5-mini
Short Digest: c3867b2b

Response Measures

None

Description

Article (The Wymore Arbor State, 1933-12-15) reports the bank is in liquidation and a receiver (E. H. Luikhart) filed a receiver's report asking suits against stockholders; assets exhausted and unpaid claims remain. No run is mentioned. Classified as a suspension/closure with receivership (government action).

Events (3)

1. December 15, 1933 Other

Newspaper Excerpt: suit against 6 stockholders in view of their liability for a portion of the bank's debts was asked by E. H. Luikhart ... in the liquidation of the Farmers & Merchants Bank of Wymore.
Source: newspapers

2. December 15, 1933 Receivership

Newspaper Excerpt: E. H. Luikhart of the state banking department in his receiver's report to the District Court in the liquidation of the Farmers & Merchants Bank of Wymore.
Source: newspapers

3. December 15, 1933 Suspension

Cause: Government Action
Cause Details: Bank placed in liquidation and receiver (E. H. Luikhart) reporting to court; assets exhausted and unpaid claims remain.
Newspaper Excerpt: receiver's report to the District Court in the liquidation of the Farmers & Merchants Bank of Wymore.
Source: newspapers

Newspaper Articles (1)

1. December 15, 1933 The Wymore Arbor State Wymore, NE

Article from The Wymore Arbor State, December 15, 1933

Click image to open full size in new tab

Article Text

Court House Notes Week of December 4 to 9 New Cases Filed In District Court C. D. Clements VS. Gage County, Appeal. Attorneys for plaintiff, Rinaker & Delehant, M. S. Hevelone. D. Z. Mummert vs. Gage County, Appeal. Attorneys for plaintiff, Rinaker & Delehant and M. S. Hevelone. Glenn Miller VS. Mabelle MillerDivorce. Hubka & Hubka, attorneys for plaintiff. (In his petition the plaintiff charges abandonment. The couple were married at Fullerton, Nebraska, in 1923, and are the parents of one child. After the birth of the child, according to the plaintiff, Mrs. Miller left with the child and has since resided with her mother in Iowa. In his petition the plaintiff suggests that the child be left with Mrs. Miller, who in his opinion, is a fit person to have its eustody and control. However, he is asking that he be allowed the privilege of seeing the child at stated intervals). The Home Savings & Loan Association of Beatrice, Nebraska, a corporation, VS. Henry R. Price and Elizabeth A. Foreclosure of mortgage. Attorneys for plaintiff, Rinaker & Delehant and M. S. Hevelone. The State Savings & Loan Association vs. G. W. Mathews and Margaret B. Mathews-Foreelosure of mortgage. Attorney for plaintiff, A. H. Kidd. The Wymore Building & Loan Association of Wymore, Nebraska, a corporation, vs. George R. Cooper, Nannie Cooper and J. Perry Philben Foreelosure of Mortgage. Attorney for plaintiff, C. B. Ellis. The Wymore Building & Loan Association, of Wymore, Nebraska, a corporation, VS. Grace M. Fulton, Ralph E. Fulton and Lester G. Antram-Foreclosure of mortgage. Attorney for plaintiff, C. B. Ellis. Lulu Standley VS. Fred W. Buckley-$11,617.00 damages. Attorneys for plaintiff, Killen & VanBorkum. Alma B. Crocker vs. Lloyd Owen -Suit on note. Attorneys for plaintiff, Rinaker Delehant and M. S. Hevelone. Vivian Bickell vs. Albert E. Kruegêr, et al-Cancellation of deed. Attorneys for plaintiff, Jack & Vette. Two Beatrice residence properties were disposed of at a sheriff's sale this week to satisfy mortgages which were held by the State Savings & Loan Association of Beatrice. The Warren Funk place brought $500 against an eneumbrance of $555.60, the bid being made by the State Savings & Loan Association. A defieiency judgment for $119.16 was asked. The other place was in South Beatrice, formerly belonging to Goldie Hohenfeldt. The property brought $475, the Loan Association being the bidder. The eneumbrance was $1,517.12. Preparations were completed last Thursday at the Court House for the removal of the Gage County Emergency Relief and Employment headquarters to a new location. Since the organization of the office the headquarters have been on the first floor of the court house in a small room adjoining the Register of Deed's office. They have been moved to the second floor on the south side County Superintendent Miller's office. The space has been occupied for several years by the county superintendent as a special room for examinations and supplies. It is much more commodious than the committee's present headquarters. A county school examination room will be established on the third floor of the court house. Friends of Mrs. T. J. Sullivan, wife of County Clerk Tim Sullivan, will be glad to know that she has nearly recovered from a serious illness which has kept her in a Beatrice hospital for the past few months. She left the hospital for home several weeks ago but it was afterward found necessary for her to return. She has been ill since last June of a blood infection. During the summer and autumn her relatives and friends volunteered for numerous*blood transfusions. Friends of the family at Beatrice and at Cortland, their former home, all over Gage County, in fact, will be greatly relieved to learn that she is now definitely on the way to recovery. D. Z. Mummert, of Blair, and C. D. Clements, who purchased tax certificates issued by error on approximately 200 acres of state owned farm land east of Beatrice, and were then refused their money back by the county board, have appealed their case to the District Court. The filings were made Tuesday. Back in 1928 the state purchased the land from O. H. Liebers for institution farm purposes, which antomatically exempted from taxation. However, former County Clerk Roy Mumford overlooked the removal of the property from the tax books, according to the appellants, and subsequently they bought the tax certificates from former county treasurer, E. F. Wilt. The county made the usual distribution of the proceeds of the sale, apportioning the money to the state, county, township and school district and the same has been spent and in the opinion of the county board is irrecoverable. Mummert and Clements filed their claims for $289.38 and $86.20 against the county irrespective of the participation in the apportionment of the tax sale money by the other tax receiving institutions, and the county rejected the claims. On Friday morning suit against 1X stockholders in view of their liability for a portion of the bank's debts was asked by E. H. Luikhart of the state banking department in his receiver's report to the District Court in the liquidation of the Farmers & Merchants Bank of Wymore. D. Oelkers, W. C. Oelkers, E. E. Chamberlin, Clara McAdams, L. N. Adkins and W. A. Dawson were named as the stockholders against whom the action is requestd. Luikhart listed the claim and diability of the bank at $175,317.34 of which $124,132.41 has been paid through liquidation of the bank's assets. With all of the assets exnausted, the unpaid claims amount to $61,611.12. The bank was capitalized at $35,000 through the issue of 350 shares of stock at $100 par value. Some of the stockholders have paid the 100 per cent assessment provided by law. The six stockholders mentioned in the report have not responded to the assessment in full and most of them in no part. The employment relief committee for Gage County has been confronted with a problem this week which has added to the numerous difficulties which it has experienced during its recent weeks of service. The county committee and local official have been busy with the CWA program, the understanding being that men then on the unemployed listover 400 of them in the countyW( be given jobs. However, during the past few days 315 mennever before on the list of unem-