Farmers National Bank - Hendricks, MN

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9457
Charter Number: 9457
Start Date: December 20, 1933
Location: Hendricks, Minnesota (44.507, -96.424)

Metadata

Model: gpt-5-mini
Short Digest: a3f5b932

Response Measures

None

Receivership Details

Depositor recovery rate: 54.2%
Date receivership started: 1933-12-08
Date receivership terminated: 1939-03-21
Share of assets assessed as good: 48.2%
Share of assets assessed as doubtful: 45.3%
Share of assets assessed as worthless: 6.5%

Description

Article states a receiver was named to take over the closed Farmers National Bank at Hendricks. No run or reopening is mentioned; bank is closed and in receivership.

Events (3)

1. June 21, 1909 Chartered

Source: historical_nic

2. December 8, 1933 Receivership

Source: historical_nic

3. December 20, 1933 Receivership

Newspaper Excerpt: Graff of this place has been named ... as receiver for the closed Farmers National bank at Hendricks, and he has gone to that place to take over the affairs of the bank.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1933 The Sioux City Journal Sioux City, IA

Article from The Sioux City Journal, December 20, 1933

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Article Text

Sturgis May Get Lake Sturgis, S. D.-Special: With the offer of grant of land by William Hoel, Bear Butte rancher, possibilities for lake for Sturgis are good, It was announced at a meeting of the commercial club. The land will be surveyed by the state game and fish commission and after a decision, the matter will be taken up with the commanding officer at Fort Meade, as the dam must be built on government property. Hendricks Bank Receiver Named Ivanhoe, Minn George will distribute 500 bags of candy chil- and Graff of this place has been named and town to all country as receiver for the closed Farmers nuts December 23, the grades National bank at Hendricks, and he dren in American Legion by the has gone to that place to take over sponsored and auxiliary. Members of the Legion the affairs of the bank. placed large Christmas with tree smaller in the of town Geddes Legion to Treat Children center part trees alons the streets. -Special: Santa Claus Geddes, S.