First State Bank (Murphy, NE)

Episode Information

Episode UID
76103671546
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7610367 routing
Routing Number
76-1036
Start Date
October 1, 1928*
Location
Murphy, Nebraska (40.879, -98.112)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c3470f821d66ea4b

Response Measures

None

Description

Bank was placed in charge of the guaranty fund commission in October prior to the receiver appointment.

Events (2)
1. October 1, 1928* Suspension
Cause
Government Action
Cause Details
Taken into charge by the guaranty fund commission in October (placed under commission custody).
Newspaper Excerpt
Since last October the Murphy bank has been in charge of the guaranty fund commission.
Source
newspapers
2. March 13, 1929 Receivership
Newspaper Excerpt
Judge Landis has appointed A. Kirk of Gibbon receiver for the First State bank of Murphy.
Source
newspapers

Newspaper Articles (2)
1. March 13, 1929 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, March 13, 1929

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Article Text

MURPHY BANK RECEIVER I. A. Kirk of Gibbon in Charge of Closed AURORA. Neb-On application of Attorney General Sorensen. Judge Landis has appointed A. Kirk of Gibbon receiver for the First State bank of Murphy Since last October the Murphy bank has been in charge of the guaranty fund commission M. J. Ferguson, special agent for the commission, has been in charge and his collections have been sufficient to pay out a dividend of 70 percent. The capital of the bank was $15,000. It was established by the late W. Farley about fifteen years ago. The deposits shown by the last report before the guaranty fund took the bank over were about $85,000.

2. March 13, 1929 Lincoln Journal Star Lincoln, NE
Article from Lincoln Journal Star, March 13, 1929

Click image to open full size in new tab

Article Text

MURPHY BANK RECEIVER I. A. Kirk of Gibbon in Charge of Closed Institution. AURORA, Neb-On application of Attorney General Sorensen. Judge Landis has appointed 1. A. Kirk of Gibbon receiver for the First State bank of Murphy. Since last October the Murphy bank has been in charge of the guaranty fund commission. M. J. Ferguson, special agent for the commission, has been in charge and his collections have been sufficient to pay out a dividend of 70 percent. The capital of the bank was $15,000. It was established by the late W. I. Farley about fifteen years ago. The deposits shown by the last report before the guaranty fund took the bank over were about $85,000.