Bank of Dorchester - Dorchester, NE

Episode Information

Episode UID: 76038671612
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7603867 routing
Routing Number: 76-0386
Start Date: April 6, 1934
Location: Dorchester, Nebraska (40.647, -97.113)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: d7d9a95c5f1423ca

Response Measures

None

Description

Article refers to the bank as a failed institution in receivership receiving an RFC loan and paying depositors.

Events (1)

1. April 6, 1934 Receivership

Newspaper Excerpt: Through a loan made by the Reconstruction Finance Corporation, depositors of the failed bank of Dorchester have received their 50 percent cash dividend.
Source: newspapers

Newspaper Articles (1)

1. April 6, 1934 The Republican-Register Aurora, NE

Article Text

Through a loan made by the Reconstruction Finance Corporation, depositors of the failed bank of Dorchester have received their 50 percent cash dividend. These people are the first to benefit from government bank aid. However, the state banking department is negotiating with the RFC for similar loans for other state banks in receivership. Under the government's corn loan program approximately 25 million farmers will receive 20 million dollars of federal money on an estimated 43 million bushels of corn. The total amount may be raised to 25 million dollars with an additional month for sealing warehouses and obtaining loans.