Bank of Graf - Graf, NE

Episode Information

Episode UID: 76073471588
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7607347 routing
Routing Number: 76-0734
Start Date: April 2, 1932
Location: Graf, Nebraska (40.400, -96.104)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: ab1a55421add39a2

Response Measures

None

Events (1)

1. April 2, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Officers and directors suspended business due to unprofitable volume and asked the state bank commissioner to take charge.
Newspaper Excerpt: Graf Bank Closed; First In 10 Days The first bank closing which has occurred in Nebraska for the past ten days was reported Saturday by the state bank commissioner's office at the village of Graf in Johnson county. A small institution there, the Bank of Graf, suspended business on action of its officers and directors, who asked the state official to take charge.
Source: newspapers

Newspaper Articles (1)

1. April 2, 1932 The Lincoln Star Lincoln, NE

Article Text

Graf Bank Closed; First In 10 Days The first bank closing which has occurred in Nebraska for the past ten days was reported Saturday by the state bank commissioner's office at the village of Graf in Johnson county. A small institution there, the Bank of Graf, suspended business on action of its officers and directors, who asked the state official to take charge. Deposits were only about $60,000. The bank was capitalized at $20,000, with surplus account of $1,000. The volume of patronage in the community proved too small to enable the bank to do a profitable business. SIDNEY FIRM INCORPORATES. Incorporation papers have been registered with the secretary of state by the Farmers' Union Co-Operative Livestock Shipping association of Sidney. Its articles permit the issuance of stock up to $10,000. The membership includes Ed Weger, R. S. Robertson, Frank Gross, and a number of others.

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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