Farmers Bank (Broken Bow, NE)

Episode Information

Episode UID
4665572491221
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
466557249 hash
Start Date
September 5, 1901
Location
Broken Bow, Nebraska (41.402, -99.639)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3f1b5ff81f5b766a

Response Measures

None

Description

Closed by state banking board order and placed in receivership; later paid dividends under receiver (liquidation).

Events (3)

1. September 5, 1901 Receivership
Newspaper Excerpt
closed its doors today on an order from the secretary of the state banking board; receiver referenced in later articles indicating liquidation and dividend payments.
Source
newspapers
2. September 5, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by state banking board due to slow collections and some poor paper (weak assets).
Newspaper Excerpt
Broken Bow, Neb., Sept. 5.-The Farmers' bank of Custer county, closed its doors today on an order from the secretary of the state banking board.
Source
newspapers
3. July 29, 1903 Other
Newspaper Excerpt
The Farmers' bank of Custer county at Broken Bow has reported a 12ยฝ per cent dividend, which makes the total amount paid to depositors 47ยฝ per cent.
Source
newspapers

Newspaper Articles (3)

Article from The Guthrie Daily Leader, September 5, 1901

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Article Text

NEBRASKA BANK SUSPENDS. [By Associated Press.] Broken Bow, Neb., Sept. 5.-The Farmers' bank of Custer county, closed its doors today on an order from the secretary of the state banking board. Slow collections and some poor paper are given as the cause of the suspension. The July statement showed reserve $34,628, and liabilities about $65,000.


Article from Custer County Republican, July 31, 1902

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Article Text

198 07 Am't. Rec'd. from Tooley " 23 00 certificates By institute circulars 5 00 By postage on circulars 10 00 Balar ce in institute fund 206 07 Total $ 221 07 $221 07 $ 18 70 To special fund from Tooley By Expense $ 17 45 1 25 Balance In special fund Total $ 18 70 $18 70 To claims allowed $ 841 70 By salary to July 9 $800 00 By office expense 39 75 Balance 1 95 Total $ 741 70 $841 I, J. G. W. Lewis, county superintendent of Custer county, Nebraska, hereby certify that the above is a true and correct statement of receipts and disbursements of my office from January 9, to July 9, 1902. J. G. W. Lewis. We, your committee, respectfully report that we find the above report correct. G. Hiser, Com. Alvin Daily; Report accepted and adopted. Special committee appointed to check up the office of the county clerk, reported as follows: Report of the county clerk for first and second quarters, 1902: Total receipts for first quarter $ ending March 31, 1902 245 35 229 95 2nd quarter "ending July I, 1902 Total receipts $575 30 I, Geo. W. Dewey, county clerk of Custer county, Nebraska, hereby certify that the above is a true statement of fees received by me from January 9, to June 30, 1902. Geo. W. Dewey, County Clerk. Subscribed and sworn to before me, this 21st day of July, 1902. C. T. Orr, Clerk District Court. Report accepted and adopted. Special committee appointed to check up the office of the county treasurer, reported as follows: semi-annual statement of W. A. George, county treasurerf for the term ending June 30, 1902, showing receipts and disbursements: To cash received from M. K. Schner- $ inger, ex-treasurer 57 263 13 To county warrants received from M. E. Schueringer, ex-treasurer 1744300 To school district Warrants received 2 826 92 from M. E. Schneringer, ex-treasurer. To Irrigation orders and coupons received from M. E. Schneringer, extreasurer 1 737 00 l'o certificates of Receiver Farmers 2 338 30 Bank, received from ex-treasurer


Article from The Columbus Journal, July 29, 1903

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Article Text

The ninth assembly of the Salem Interstate Chautauqua will be held at Salem, Neb., August 1 to 9 inclusive. Rev. Lincoln McConnell, who so successfully superintended the enterprise last year, will act in the same capacity this season. The first step in the direction of a new court house for Saunders county was taken the other day. when the commissioners ordered a special election to be held Thursday August 13, 1903, for the purpose of 1 oting on the proposition to issue $85,000 bonds of the denomination of $1,000 each, at 3ยฝ per cent interest, payable eleven years from date. Martin Scheukles' 6-year-old daughter ran in front of a mower in Adams county and her left foot was completely severed. Secretary Rouse of the state banking board is receiving some good reports from the receivers of a number of wrecked banks. The receiver of the Platte Valley bank at Bellwood has reported the first dividend paid to depositors of 5 per cent. The Farmers' bank of Custer county at Broken Bow has reported a 12ยฝ per cent dividend, which makes the total amount paid to depositors 47ยฝ per cent. Sterling will hold a street fair August 13 and 14.