Farmers State Bank (Aurora, NE)

Episode Information

Episode UID
76010171599
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7601017 routing
Routing Number
76-0101
Start Date
March 23, 1933
Location
Aurora, Nebraska (40.867, -98.004)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
98ea44e0703c96b9

Response Measures

None

Description

Nov 1933 article calls bank 'now defunct' but Jan 1934 piece describes waiver signatures and plans to reopen; additional records would clarify outcome.

Events (3)
1. March 23, 1933 Suspension
Cause
Government Action
Cause Details
March 1933 banking holiday declared (federal/state banking holiday) affecting the bank
Newspaper Excerpt
The recent banking holiday brought forth its share of anecdotes
Source
newspapers
2. November 1, 1933 Other
Newspaper Excerpt
Alleging that George Wanek as president of the Farmers' State bank of Aurora, now defunct, represented falsely the safety of his $14,205 deposit in the bank, ... sued him ... today.
Source
newspapers
3. January 5, 1934 Reopening
Newspaper Excerpt
Both the First National Bank and the Farmers State Bank of Aurora are encouraged over the response to their waiver letters ... signatures are coming in promptly ... sufficient to assure the banks ... to put through the plans as outlined by each.
Source
newspapers

Newspaper Articles (3)
1. March 23, 1933 The Grand Island Independent Grand Island, NE

Article Text

BANK HOLIDAY HELPFUL TO JAMES Aurora, Neb., Mar. 23. (AP)—The recent banking holiday brought forth its share of anecdotes and sidelights but here's one a bit different—Charles James had $1,000 in the Farmers State Bank of Aurora of which he knew nothing. When the holiday was declared the bank sent notices calling a mass meeting of depositors. James, administrator of the estate of his father, M. W. James, closed many months ago, and of his mother's estate, now in process of settlement, received a notice of the meeting. Certain all estate accounts had been cancelled but still curious, he made inquiry only to learn that $1,000 had been deposited in the bank by M. W. James as a joint account for himself and his wife. Mrs. James, ignorant of the existence of the account, willed her estate to various heirs. Special bequests were made to all but one, the son, and he was to receive all residue from the estate.

2. November 1, 1933 The Grand Island Independent Grand Island, NE

Article Text

SUES BANKER Lincoln, Nov. 1. (AP)—Alleging that George Wanek as president of the Farmers' State bank of Aurora, now defunct, represented falsely the safety of his $14,205 deposit in the bank, Elmer H. Feldt sued him for that amount in district court here today. PHEASANT FEED Cairo, Neb., Nov. 1. (Special)—The American Legion members chose up sides and went pheasant hunting Sunday. On Monday evening the losing hunters entertained the winning hunters at a pheasant feed at the Legion hall.

3. January 5, 1934 Aurora News-Register Aurora, NE

Article Text

BANK WAIVERS BEING SIGNED BY DEPOSITORS The Aurora Banks Reporting Progress Toward Their Reopening Soon Both the First National Bank and the Farmers State Bank of Aurora are encouraged over the response to their waiver letters recently sent out to all depositors of their institutions. The signatures are coming in promptly and a large number have been received at the bank, sufficient to assure the banks that an ample number of names will be received to put through the plans as outlined by each. Some signatures have of course been delayed, as depositors are residing out of town and state. The resolutions on the approval of the preferred stock of the National Bank were passed in Washington on December 12th. The Farmers State Bank received their authorization for the submission of contract agreements from Merle N. Foster, chief examiner of the state banking department. general balance of $15,089.77 protected by the pledge of assets and that the certificates of deposit for the cemetery fund amounting to $14,59 were trust funds; that they were placed in the bank by officers of the bank who were also city officers and at no time were considered a part of the funds to be used by the bank. The city has already won its case involving its claim for the prompt payment of $29,357. The state supreme court held that the bank had the right to secure city deposits with the bank's assets. The new question arose because assets with a face value