Farmers State Bank (Petersburg, NE)

Episode Information

Episode UID
76042371596
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7604237 routing
Routing Number
76-0423
Start Date
December 15, 1932
Location
Petersburg, Nebraska (41.853, -98.079)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a605d066ca7dccd5

Response Measures

None

Description

Judgments and receivership documents indicate the bank closed and a receiver was appointed.

Events (3)
1. December 15, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had closed and stockholders were sued under stockholders liability law, indicating failure/insolvency.
Newspaper Excerpt
The suits were brought under the provisions of the stockholders liability law, following the closing of the two banks.
Source
newspapers
2. January 11, 1933 Receivership
Newspaper Excerpt
Joe H. Luikart, Receiver of the Farmers State Bank, Petersburg, Nebraska, ... in an action therein ... on the 11th day of 1933, ... Special Master ... will sell ... to satisfy the liens described in said decree ... to satisfy sum ... and interest ... from the 11th day August, 1933, ...
Source
newspapers
3. June 23, 1934 Other
Newspaper Excerpt
Special Master ... will sell public auction ... on the 23rd day of June ... to satisfy the liens described in said decree ... to satisfy sum of $73.24 costs and the accruing costs.
Source
newspapers

Newspaper Articles (2)
1. December 15, 1932 Albion News Albion, NE

Article Text

Judgments Rendered in State Bank Cases Judge Spear entered judgments this week in the cases of the Bank Receiver against the stockholders of the Farmers State Bank of Petersburg and of the Receiver versus the Citizens State Bank of Petersburg stockholders. The judgment in the Farmers State Bank was as follows: J. L. Levos, $500.; C. Koch $2,500; B. M. Koch, $985.76; Geo. Stokes, $424.76; George Evans, $500; Carl Nore, $500; Frances Markus, $1,000; Mary Leder, $2,000; John Mannlein, Sr., $5,222.59; Frank Liefield, $500. The judgments assessed in the case of the Citizens State Bank of Petersburg were: Ed. O'Shea, $2,600; Tom O'Shea, $1.400; Zaida O'Shea, $1,000; Etha O'Shea, $1,000; Frances O'Shea Jones, $2,600; Jean O'Shea Hennes, $700. The suits were brought under the provisions of the stockholders liability law, following the closing of the two banks.

2. June 7, 1934 The Albion Argus Albion, NE

Article Text

on the 11th day of 1933, in an action therein ing Numbered Equity, wherein The Union Central Life Insurance Company of Cincinnati, Ohio, corporation Complainant, and Frank Mary feld, Joe Leifeld, also known Joe H. Luikart, Receiver of the Farmers State Bank, Petersburg, Nebraska, John Doe, real name unknown, and Mrs. John Doe, real name known, are Respondents, Special Master appointed for such purpose by said decree, will sell public auction to the highest bidder for cash the County Court House of Boone Nebraska, in the City of Albion, Boone County, Nebraska, at usual place where sheriff's land are made said County, on the 23rd day of June, the hour of One o'clock the following real property scribed in the Bill of Complaint and decree in said cause, situated the County of Boone, State of Nebraska, to-wit: The North Half (N%) of Section Thirteen (13), Township Twenty-one (21), Range Seven (7) West, containing Three Hundred and Twenty (320) acres, to satisfy the liens described said decree as follows, to-wit: In favor of The Union Centra Life Insurance Company of cinnati, Ohio, corporation, the of with terest at seven percent (7%) annum from the 11th day August, 1933, and to satisfy sum of $73.24 costs and the cruing costs, all provided said decree and Order of Sale. HERMAN AYE, SPECIAL May 24-31, June 7-14-21