Bank of Graf (Graf, NE)

Episode Information

Episode UID
76073471588
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7607347 routing
Routing Number
76-0734
Start Date
April 2, 1932
Location
Graf, Nebraska (40.400, -96.104)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b408ac3e9bf5b6ad

Response Measures

None

Description

Suspension was initiated by the bank's officers who asked the state to take charge; later listed among failed banks receiving payments.

Events (2)
1. April 2, 1932 Suspension
Cause
Government Action
Cause Details
Officers and directors suspended business and asked the state bank commissioner to take charge because operations were unprofitable in a small community.
Newspaper Excerpt
The first bank closing which has occurred in Nebraska for the past ten days was reported Saturday by the state bank commissioner's office at the village of Graf in Johnson county. A small institution there, the Bank of Graf, suspended business on action of its officers and directors, who asked the state official to take charge.
Source
newspapers
2. October 27, 1933 Receivership
Newspaper Excerpt
The state banking department reports payment of $53,000 to depositors in failed banks at Alliance, Graf, Snyder, Creston, Cortland, Irvington.
Source
newspapers

Newspaper Articles (2)
1. April 2, 1932 The Lincoln Star Lincoln, NE

Article Text

Graf Bank Closed; First In 10 Days The first bank closing which has occurred in Nebraska for the past ten days was reported Saturday by the state bank commissioner's office at the village of Graf in Johnson county. A small institution there, the Bank of Graf, suspended business on action of its officers and directors, who asked the state official to take charge. Deposits were only about $60,000. The bank was capitalized at $20,000, with surplus account of $1,000. The volume of patronage in the community proved too small to enable the bank to do a profitable business. SIDNEY FIRM INCORPORATES. Incorporation papers have been registered with the secretary of state by the Farmers' Union Co-Operative Livestock Shipping association of Sidney. Its articles permit the issuance of stock up to $10,000. The membership includes Ed Weger, R. S. Robertson, Frank Gross, and a number of others.

2. October 27, 1933 The Leigh World Leigh, NE

Article Text

The state banking department reports payment of $53,000 to depositors in failed banks at Alliance, Graf, Snyder, Creston, Cortland, Irvington. Agricultural statistics show that the number of cattle on feed in Nebraska October 1 of this year was nearly 10 percent lower than last year. The number of sheep on feed on that date was from 15 to 20 percent less than during. the previous year.