Farmers State Bank (Dixon, NE)

Episode Information

Episode UID
76125071490
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7612507 routing
Routing Number
76-1250
Start Date
February 16, 1924
Location
Dixon, Nebraska (42.416, -96.997)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bfa57e13249ba3ad

Response Measures

None

Events (3)
1. February 16, 1924 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had failed and guaranty fund was used to make full payment to depositors.
Newspaper Excerpt
Farmers' State bank, Dixon, full payment to depositors, $16,274.
Source
newspapers
2. December 1, 1926 Other
Newspaper Excerpt
Dixon Bank Claimants Lose. In line of its recent affirming the judgment court in Dixon which shut claims against the fund by perholding deposit the Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind These are the Paul and same McCarthy claims.
Source
newspapers
3. June 20, 1931 Receivership
Newspaper Excerpt
Suit has been brought district court here by George Parker, ceiver the Farmers State bank, Dixon, Neb., against Dr. W. Runyon for $1,500.
Source
newspapers

Newspaper Articles (3)
1. February 16, 1924 The Lincoln Star Lincoln, NE
Article from The Lincoln Star, February 16, 1924

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Article Text

Settlements for Six Failed Banks Take One-sixth of Cash on Hand. About one-sixth of the amount of money in the state guaranty fund is being drawn out by Trade and Commerce Secretary Knudson to meet claims against six failed banks, in conformity with orders made by district court judges. The whole sum withdrawn is $427,275, to be distributed as follows: Nebraska State bank, Milligan, full payment to depositors, $80,184. Farmers' State bank, Dixon, full payment to depositors, $16,274. Citizens' State bank, McCook, to take up receiver's certificates in full, $204,208. First State bank, Kenesaw, to take up receiver's certificates in full, $115,785. Citizens' State bank, Kimball, interest on receiver's certificates, $5,000. Farmers' State bank, receiver's expenses, $5,885. Each solvent bank was drawn upon by Secretary Knudson for 16.8 per cent of its guaranty reserve, to make these payments. In addition, the same percentage was drawn from the special reserve guaranty fund of $19,700 in the hands of the state treasurer, yielding nearly $3,300 from that source. The regular guaranty fund contained $2,551,688 prior to the draft, and there now remains in it $2,124,413. The amount left on hand is less than the legal requirement of 1 per cent on average deposits, but the semi-annual assessment July 1 will bring the fund up again very close to the minimum which the law specifies.

2. December 1, 1926 The Lincoln Star Lincoln, NE
Article from The Lincoln Star, December 1, 1926

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Article Text

INSURANCE FIRM Supreme Court Again Affirms Decision In Bankers' Automobile Suit. Union Auto Company Wins $5,000 Suit Against Failed Bank. Affirmance of decree by the district court of Lancaster county which allowed the Bankers' Automobile Insurance Co. of Lincoln, now only $5,079 its claim of more than against the failed American State bank of this city, as the amount be paid out of the guaranty fund. by state court decision the for the second insurance claim grew one of the relled made by Charles its who turned over number notes bank in 1921 and took certicate deposit exchange therefor president and officer the bank. secretary the company Maixner. who of the State bank Ceresco and in charge its business, had made the company to underwrite its $250,000 of on 10 per commisnotes and certificates changed back and forth differthe two banks this Maixner pleaded guilty to bezzling funds of the Ceresco bank which failed the meantime to the served ing finally paroled and the first trial of the guaranty fund was rejected Supreme court the judgment, and on retrial, after evidence had been presented. the district court partial but of the claim. the three which In the American State when but were found the property of the Union Auto Co. Wins. In suit from Gage the high district court's throwing out three certificates deposit total held by the mobile Co. of Lincoln the failed Farmers' State bank Adams, which company presented as claims against the guarfund. These certificates originally Life and assigned by it to the Union. Payment was contested by bank receiver guaranty fund on the ground that Cashier Larson the bank had made an unlawful agreement with president the Bankers' National whereby the make the for acting company's agent business and also making personal the vice district court disallowed the claims for that reason. In upsetting this judgment, the court not sufficient prove unlaw ful officers the bank the company. in the face of Larson's plicit denial on the stand that he had such contract. letter written by the vice president the company to Larson, which was offered an exhibit the "agreement" held by the tribunal collected Larson and deposited in bank, and not to any other Dixon Bank Claimants Lose. In line of its recent affirming the judgment court in Dixon which shut claims against the fund by perholding deposit the Farmers' State bank of Dix on, the Supreme court now disalmore claims of the kind These are the Paul and same McCarthy claims. Can't Halt Foreclosure. real estate gage the mortgage start foreclosure for of taxes the contry to public policy, says high bench in Dawson county also declares that after an action of that kind started the declinquent stop by dering in the of terest taxes have due and showing that the The lower judgment was in of James B. Houser, the sign against Bryce Not Liable for Death. The Railway Light corporation not sponsible for death Rhinold Hron, hold while on bridge to the held in the county action directing verdict for the defendant $25,000 damage Opinion. Omaha Lincoln Ry Creek Land Livestock and given modified Without Opinions the Court. further National Bank Dodge

3. June 20, 1931 The Sioux City Journal Sioux City, IA

Article Text

Bank Receiver Files $1,500 Suit Suit has been brought district court here by George Parker, ceiver the Farmers State bank, Dixon, Neb., against Dr. W. Runyon for $1,500.