Farmers State Bank - Plattsmouth, NE

Episode Information

Episode UID: 76114671601
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7611467 routing
Routing Number: 76-1146
Start Date: May 25, 1933
Location: Plattsmouth, Nebraska (41.011, -95.882)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4d7e2b2b259c4acd

Response Measures

None

Description

Article describes waiver agreement and trustee handling collateral consistent with an ongoing closure/settlement; no explicit suspension date given.

Events (2)

1. May 25, 1933 Other

Newspaper Excerpt: The depositor's committee of the Farmers State bank of Plattsmouth held a meeting Wednesday evening at the said bank ... Over 90% of the deposits have been signed up under the waiver agreement ... deeds to 640 acres of land owned by the bank have been executed, recorded and delivered to Fred T. Ramge, trustee ... the waiver contract and agreement is now in full force and effect.
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank entered into waiver agreement with depositors; trustee holding collateral to secure depositors, indicating insolvency-related suspension/settlement.
Newspaper Excerpt: The depositors of the bank are coming in every day and signing the waiver contract.
Source: newspapers

Newspaper Articles (1)

1. May 25, 1933 The Plattsmouth Journal Plattsmouth, NE

Article Text

DEPOSITOR'S COMMITTEE MEETS The depositor's committee of the Farmers State bank of Plattsmouth held a meeting Wednesday evening at the said bank, all members being present, Ed P. Lutz, Fred T. Ramge, Wm. C. Tippens, Ed G. McCulloch, and Wm. F. Halmes. Fred T. Ramge, trustee, reported that all the provisions and requirements of the waiver contract and agreement between the Farmers State bank and the depositors and the depositor's committee have been fulfilled. Over 90% of the deposits have been signed up under the waiver agreement, deeds to 640 acres of land owned by the bank have been executed, recorded and delivered to Fred T. Ramge, trustee, together with all notes, securities and the $42,000 mortgage given as additional collateral to secure the depositors against loss, and the waiver contract and agreement is now in full force and effect. The depositors of the bank are coming in every day and signing the waiver contract.