Farmers State Bank (Sargent, NE)

Episode Information

Episode UID
76035471586
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7603547 routing
Routing Number
76-0354
Start Date
February 1, 1932
Location
Sargent, Nebraska (41.641, -99.371)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
fe4b0752910d78b5

Response Measures

None

Events (3)

1. February 1, 1932 Suspension
Cause
Government Action
Cause Details
Directors suspended business and turned bank over to State Department of Trade and Commerce; state bank examiner placed in charge.
Newspaper Excerpt
Upon action of its directors and officers, the Farmers State bank, Sargent, suspended business Monday turned the bank over department trade and commerce. State Bank Examiner Merl will in charge for the department.
Source
newspapers
2. September 1, 1932 Reopening
Newspaper Excerpt
the Farmers State bank, suspended last February, has complied with all instructions of the state banking board and will reopen within a few days
Source
newspapers
3. May 15, 1934 Other
Newspaper Excerpt
SARGENT BANK PAYS OUT IN FULL ... announced ... that it would pay the remaining 35-per-cent due to depositors ... who had left funds there prior to the bank's suspension in February, 1932.
Source
newspapers

Newspaper Articles (12)

Article Text

BANK CLOSES. Upon officers, the Farmers State bank, Sargent, suspended Monday and turned the bank over the department trade and merce. State Bank Garrison, will in charge for department. capital stock and posits about $240,000. The officers H. Kiker, president, Amos, president and Larson, cashier. Closing of the Farmers' State bank Sargent without any banking facilities. Those closely touch with the believe that will be reorganized and depositors will be paid out in


Article Text

BANK CLOSES. Upon action of its directors and officers, the Farmers State bank, Sargent, suspended business Monday turned the bank over department trade and commerce. State Bank Examiner Merl will in charge for the department. The capital stock surplus and about $240,000. The officers H. president, vice president and cashier. Closing the Farmers' State bank Sargent without any banking facilities. Those closely touch with the however, believe reorganized and depositors will paid out in full.


Article Text

BANK TO REOPEN Sargent, Neb., Sept. 1. (Special)—We are glad to announce that the Farmers State bank, suspended last February, has complied with all instructions of the state banking board and will reopen within a few days, a


Article Text

Reorganized Farmers State Bank at Sargent Reopens Neb., Sept. Farmers Lincoln, State Bank of Sargent The opened for business Saturday bank had been closed since February The bank and solvent former stock holders and depositors. reorganized the bank has $25,000 paid capital, $5,000 surplus and deposits $92,432. permits plan immedia release of 35 per cent of deposits to depositors. The balance released on monthly instalments. Ultimate payment depositors is specified in the contract.


Article Text

LAST MINUTE SHOTS OF NEBRASKA NEWS ITEMS SARGENT BANK REOPENS SARGENT—The Farmers State Bank of Sargent has reopened for business. The bank had been closed since February. LOST LIMB IN ACCIDENT LINCOLN—Robert Mourne, 16, of Hinsdale, Illinois, slipped between two freight cars while trying to board a west bound Rock Island train here this morning. His left leg was severed at the knee.


Article Text

SARGENT BANK PAYS OUT IN FULL Sargent, Neb., May 15. (Special)—The Farmers State Bank of this place announced on Monday morning, that it would pay the remaining 35 per-cent due to depositors, who had left funds there prior to the bank's suspension in February, 1932. The bank reopened the following September, paying 35 percent on opening day, 30 percent about a year later and this payment will cancel all obligations of the bank to those who entrusted their money there on deposit.


Article Text

Eye Strain Is Called Cause 'Blue Monday' Blue Mondays' thought to have departed with the advent of the "noble experiment are with us yet and are caused by eyestrain entailed the day before. by driving violent exercise or excessive reading.' Dr. Neil C. Morrison of Fairbury told the semi-annual ladies night meeting of the southeastern district of the Nebraska Association of Optometrists in the Cornhusker hotel Tuesday evening Formation of ladies' auxiliary organization and the election of Mrs. Clarence R. Carlson of Lincoln as president was completed while the men held their educational clinic Other auxiliary officers: Mrs. Frank H. Beer vice president: and Mrs. N. C. Morrison, Fairbury -treasurer. Mrs. Carlson is state vice president Mrs. O. J. Melvin. Omaha, state president of the auxiliary, was a guest Golf troubles can often be traced to the eyes, Dr. Harold C. Riggert of Seward declared in the course of his lecture. "When patients have eye trouble and you find that they have trouble in golf. look out for disassociation the functioning of the two eyes together,' Dr. Rig gert said Dr. Nellie V. McNeff. Lincoln, and Dr. Earl F. Riggs of Lincoln also spoke. Dr. Carlson presided. It was announced that the monthly dinner meetings would be discontinued during the summer months. Next meeting of association is scheduled for September 18. BANK WILL PAY. SARGENT Neb. May 16-(P)Officials of the Farmers State bank have announced they will pay the remaining 35 per cent due depositors who had left funds there prior to the bank's suspension in February 1932 The bank reopened the following September, paying 35 per cent on the opening day and 20 per cent about a year later.


Article Text

PAY UP DEPOSITORS SARGENT, Neb., May 16 Officials of the Farmers State bank they will the remaining 35 percent positors who had left funds there prior to the bank's suspension in February reopened the following September, paying 35 percent on opening day and percent about year later.


Article Text

Nebraska News Pioneer Woman Buried. RED CLOUD.-Mrs. Emma I. Coombs, 83, pioneer of Red Cloud, who died Saturday in Washington, D. C., where she had made her home for a number of years, was buried here Wednesday with services at the CongregationalChristian church. Surviving are one son E. S. Combs ofg Washington, and two daughters, Miss Alice of Washington and Mrs. R. E. Camp, of Burlington, Colo. To Pay Depositors. SARGENT. (P). Officials of the Farmers State bank will pay the remaining 35 percent due depositors who had left funds there prior to the bank's suspension in February, 1932. The bank reopened the following September, paying 35 percent on the opening day and 30 percent about year later.


Article Text

RADIO FLASHES WJAG'S PROGRAM Friday (4318 days on the air) :00-Irl Hudson (Fields). 7:30-Good Morning club con ducted by Russell Jensen -Devotional (Norfolk Min Isterial Union). the Rev. E. Merle Adams, Congregational church. Program preview and mu sical clock. :55-Grain and Wall Street opening 9:00-Uncle Gene, Wayne Her ald by remote control. 9:30-The Comstocks (Fields) Bernard Fuhr (Fields) 10 00 Weather, markets and Floyd Zarn. of the Street. 10 West Point program by remote Dakota weather markets and musical masterpieces 11:30 Today in History and or gan Raggy Ring (Fields) New Recordings. 12 15-Markets (Fields) 20-Karl Stefan, Radio fam 45-Don Bridge, The Scotch Laf 48 Mail Bag 12:55-Tena and Tim. :15-Stuetsman and Robbas Markets and California Night Hawk orchestra. 2:15-Studio. 2:30-Around town. 3:00-The Demons (Fields). 4:15-Late news 4:20-Safety talk. 4:25-Radio detectives. 4:30-Story Lady conducted by Margaret Williams. 5:30-Russell Jensen, organist, Granada 6:00-- Leon and studio. 6:30-A1 and Wendell (Fields) off. Sargent Bank to Pay Officials of the Farmers State bank have announced they will pay the remaining 35 percent due depositors who had left funds there prior to the bank's suspension in February, 1932. The bank reopened the following September, paying 35 percent on the opening day and 30 percent about a year later.


Article Text

Sargent Bank to Pay 35 Per Cent More Sargent, Neb., May 16 (AP).—Officials of the Farmers State bank have announced they will pay the remaining 35 per cent due depositors who had left funds there prior to the bank's suspension in February, 1932. The bank reopened the following September, paying 35 per cent on the opening day and 30 per cent about a year later. Burns Fatal to Girl. Special Dispatch to The World-Herald. Scottsbluff, Neb., May 16.—Socoor Quevedo, 14, Minatare, died in a hospital here Tuesday night as a result of burns she received in a kerosene blast April 23.


Article Text

BANK WILL PAY OFF Sargent, Neb., May the Farmers State bank have announced they will the remaining 35 percent due depositors who had left funds there prior the bank's pension February 1932. The bank reopened the following September, paying percent the opening day and 30 percent about year later.