Farmers State Bank (Concord, NE)

Episode Information

Episode Type
Suspension → Reopening
Start Date
March 8, 1932
Location
Concord, Nebraska (42.384, -96.988)
Bank Type
state
Routing Number
76-1175

Metadata

Episode ID
Bank ID
City ID
310828291
Model
gpt-5-mini
Short Digest

Notes

Suspension was voluntary for reorganization; no reopening reported in these articles.

Events (1)
1. March 8, 1932 Suspension
Cause Details
Suspended by its officers and directors for purpose of reorganization; state department (Virgil S. Lee) put in charge.
Newspaper Excerpt
Upon action of its officers and directors the Farmers State bank, Concord, suspended for the purpose of reorganization.
Source
newspapers

Newspaper Articles (2)
1. March 8, 1932 Lincoln Journal Star Lincoln, NE

Article Text

TWO STATE BANKS CLOSE

Upon action of its officers and directors the Farmers State bank, Concord, suspended for the purpose of reorganization. Virgil S. Lee is in charge for the department. The capital stock is $20,000, surplus $1,000 and deposits about $150,000. The officers are: President, G. Rieth; vice president, E. J. Hughes, and cashier, C. S. Shesman. Upon action of its directors, the Horace State bank was closed and turned over to the department of trade and commerce. R. M. Hauser will be in charge. Capital stock is $10,000, surplus $2,000, and deposits about $30,000. The officers are: President. T. J. Hansen and cashier, P. Leth.

2. March 8, 1932 Lincoln Journal Star Lincoln, NE

Article Text

TWO STATE BANKS CLOSE

Upon action of its officers and directors the Farmers State bank, Concord, suspended for the purpose of reorganization. Virgil S. Lee is in charge for the department. The capital stock is $20,000, surplus $1,000 and deposits about $150,000. The officers are: President, G. Rieth; vice president, E. J. Hughes, and cashier, C. S. Shesman.

Upon action of its directors, the Horace State bank was closed and turned over to the department of trade and commerce. R. M. Hauser will be in charge. Capital stock is $10,000, surplus $2,000, and deposits about $30,000. The officers are: President, T. J. Hansen and cashier, J. P. Leth.