Douglas County Farmers Bank - Gardnerville, NV

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: September 27, 1928
Location: Gardnerville, Nevada (38.941, -119.750)

Metadata

Model: gpt-5-mini
Short Digest: e2b986d5

Response Measures

None

Description

Article (Las Vegas Age, 1928-09-27) reports the state bank examiner ordered the Douglas County Farmers Bank at Gardnerville closed to protect depositors pending reorganization because of frozen assets and insufficiently secured loans. No run is described and the closure is described as pending reorganization (suggesting suspension with intent to reopen).

Events (1)

1. September 27, 1928 Suspension

Cause: Government Action
Cause Details: State bank examiner ordered the bank closed to protect depositors because of frozen assets and insufficiently secured loans (estimated $60,000).
Newspaper Excerpt: The state bank examiner Tuesday ordered closed Douglas County Farmers bank at Gardnerville to protect the depositors pending a reorganization.
Source: newspapers

Newspaper Articles (1)

1. September 27, 1928 Las Vegas Age Las Vegas, NV

Article from Las Vegas Age, September 27, 1928

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Article Text

DOUGLAS COUNTY BANK SUSPENDS J The state bank examiner Tuesday ordered closed Douglas County Farmers bank at Gardnerville to protect the depositors pending a reorganization. Frozen assets and insufficiently secured loans were estimatel at is $60,000, although the capital only $50,000, and the surplus is $11,000. R. W. Bickels of Reno is the chief stockholder.