First National Bank (Abilene, KS)

Episode Information

Episode UID
242701080
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
24270 national
Charter Number
2427
Start Date
December 10, 1889
Location
Abilene, Kansas (38.917, -97.214)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8e809ede4a060d52

Response Measures

Public signal of financial health, Full suspension, Books examined

Receivership Details

Depositor recovery rate
87.5%
Date receivership started
1890-01-21
Date receivership terminated
1895-05-09
OCC cause of failure
Excessive lending
Share of assets assessed as good
18.2%
Share of assets assessed as doubtful
43.5%
Share of assets assessed as worthless
38.3%

Description

Some articles give inconsistent resource figures; receivership press date (1890-01-16) slightly differs from known government date 1890-01-21.

Events (5)

1. June 23, 1879 Chartered
Source
historical_nic
2. December 10, 1889 Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by loss of confidence after failure of Lebold/Leopold Fischer & Co.
Newspaper Excerpt
The failure of the bank of Lebold Fisher & Co. shook the confidence in the other banks and there has been a heavy withdrawal of deposits from the First National Bank.
Source
newspapers
3. December 10, 1889 Suspension
Cause
Local Banks
Cause Details
Suspension followed heavy withdrawals after failure of a nearby bank; affairs later placed in hands of the Deputy Comptroller/examiner.
Newspaper Excerpt
The First National bank of this city has suspended business.
Source
newspapers
4. January 16, 1890 Receivership
Newspaper Excerpt
GEO. A. ROGERS, of Solomon City, has been appointed receiver of the Abilene First National Bank.
Source
newspapers
5. January 21, 1890 Receivership
Source
historical_nic

Newspaper Articles (20)

Article from Daily Kennebec Journal, December 11, 1889

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Article Text

Another Kausas Bank Goes Under. ABILINE, Kan., Dec. 10.-The First National bank of this city has suspended business. The failure of the bank of Lebold Fischer & Co. shook the confidence in the other banks and there has been a heavy withdraw. al of deposite from the First National Bank. The liabilities are placed at $116,000, resources, $300,000.


Article from Sacramento Daily Record-Union, December 11, 1889

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Article Text

Bank Suspended. ABILENE (Kas.), December 10th.-The First National Bank of this city has suspended business. The liabilities are placed at $116,000, and the resources at $300,000. Oh! Give Us a Rest.


Article from The Morning News, December 11, 1889

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Article Text

A Bank Falls. ABILENE, KAN., Dec. I 10.-The First National bank of this city has suspended business. The liabilities of the bank are placed at $116,000, and its resources at $300,000,


Article from Lancaster Daily Intelligencer, December 12, 1889

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Article Text

Failure of a Kansas Bank. The First National bank of Abilene, Kansas, has suspended business. Ever since the failure of the bank of Leopold Fisher & Co. confidence in the other banks has been somewhat shaken. Many Eastern depositors withdrew their deposits from the First National bank, and the drafts


Article from Delaware Gazette and State Journal, December 12, 1889

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Article Text

The First National Bank of Abilene, Kansas, suspended Tuesday. Its liabilities are stated at $116,000, and its resources at $300,000.


Article from The Anaconda Standard, December 13, 1889

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Article Text

win Pay Deposits in Full. ABILENE, Kas., Dรฉc. 12. -Bank examiner Griffith took charge of the suspended First National bank this morning. He authorizes the statement that the assets will pay the depositors in full.


Article from Middlebury Register, December 13, 1889

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Article Text

Peter Clausen, a lineman, was fatally burned and died entangled in a mass of wires. Whitney & Co., dry goods commission merchants, at 73 Worth street, New York, made an assignment Monday. The failure is thought to amount to $500,000. The burning of the National steamship dock in New York Saturday afternoon resulted in the death of four persous, the injury of several others and a property loss of $200,000. Mrs. Margaret Dilliard, who, with her paramour, William H. Bartholomew, was convicted of the murder of her husband on the night of September 6 at Biersville, Pa., has been sentenced to be hanged. Mrs. Helen R. Saltus has brought suit for divorce at New York from her husband, Edgar Saltus, the novelist, on the ground of adultery. Elsie W. Smith and Fanny Girvan are named as co-respondents. Rumple, Smith & Co. of New York have been awarded by the authorities of Havana, Cuba, a contract to erect a system of waterworks for that city, at a cost of $2,000,000. The firm bid against a number of European houses. The New York guarantee fund for a world's fair amounts to $5,135,826. A bill will be presented to Congress providing for the creation of a corporation which shall direct the exhibition subject to the supervision of the United States. Mrs. Wiliam J. Foster of Franklin, N. H., was shot dead Saturday evening by Madison G. Colby, a butcher of that town. A feud growing out of disputed boundaries was at the bottom of the deed, although the victim was innocent of connection with it. The Jerome park villa site and improvement company of New York have decided to discontinue racing. Jerome park is to be cut up into lots and sold. Nearly $100,000 was lost on last season's racing, largely owing to the opening of the rival Westchester track. The First national bank of Abilene, Kan., has suspended business. The failure of the bank of Lebold Fisher & Co. shook confidence in the other banks and there has been a heavy withdrawal of deposits from the First national bank. The liabilities are placed at $116,000 and the resources at $300,000. The officers of the bank are Kansas men. The work of refining sugar was begun Monday in Claus Spreckel's immense new sugar refinery on the Delaware river at the foot of Reed street in Philadelphia. The capacity of the refinery is 2,000,000 pounds of sugar every 24 hours. The building, machinery and site cost about $3,000,000 and Mr. Spreckels has already begun to duplicate the buildings, so that the refinery may turn out 4,000,000 pounds daily. The death of Jefferson Davis, ex-President of the southern confederacy, took place at New Orleans on Friday morning last, and the funeral was held in that city on Wednesday. Confederate and Union veterans joined in the service. Mr. Davis was born in Todd county, Ky., June 3, 1808, and graduated at the West Point military academy, but retired from the army in 1835 and entered politics. He was sent to the House in 1845, but resigned to go into the Mexican war. Returning from that he was made a Senator, in which capacity he served the most of the time till the breaking out of the rebellion. His later career is familiar to nearly every one. Johnstown, Pa., was the scene of a terrible disaster Tuesday night, by which ten persons lost their lives and over 75 were injured, some very seriously. As the performance of the "Uncle Tom's Cabin" troupe was drawing to an end in the Main-street opera house, the fire-bell was rung, causing a frantic scramble for the exit. There were 500 or 600 men, women and children in the hall, and to gain the street, it was necessary to pass down a narrow walled-up stair-case and through a very narrow door. The people from the streets rushed into the door from the outside and many were crushed before they could be forced out. It was necessary to turn the hose on the crowd at the door before the rescuers could get at the dead and wounded.


Article from Butte Semi-Weekly Miner, December 14, 1889

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Article Text

will Pay the Depositors. ABILENE, Kan., Dec. 12.-Bank Examiner Griffith took charge of the suspended First National bank this morning. He authorizes the statement that the assets will pay the depositors in full.


Article from The Great Falls Leader, December 14, 1889

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Article Text

Depositions Safe. ABILENE, Kas., Dec. 13.-Bank Examiner Griffith, of the U. S. treasury, took charge of the suspended First National bank here today. He authorizes the statement that the assets will pay the depositions in full.


Article from The True Northerner, December 18, 1889

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Article Text

An Abilene (Kan.) Bank Suspends. The First National Bank of Abilene, Kan., has suspended operations, and its affairs have been placed in the hands of the Deputy Comptroller of the Currency for settlement. The liabilities are placed at $116,000 and the resources at $800,000. The officers are all Kansas men.


Article from Crawford Avalanche, December 19, 1889

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Article Text

An Abilene (Kan.) Bank Suspends. The First National Bank of Abilene, Kan., has suspended operations, and its affairs have been placed in the hands of the Deputy Comptroller of the Currency for settlement. The liabilities are placed at $116,000 and the resources at $300,000. The officers are all Kansas men.


Article from The Saline County Journal, January 16, 1890

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Article Text

GEO. A. ROGERS, of Solomon City, has been appointed receiver of the Abilene First National Bank. The appointment is a good one.


Article from Abilene Weekly Reflector, July 13, 1893

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Article Text

I First published in ABILENE WEEKLY RE. FLECTOR, July 6, 1893.) Sheriff's Sale. George A. Rogers, Receiver of the First National Bank of Abilene, Kansas, plaintiff,


Article from Abilene Weekly Reflector, July 13, 1893

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George A. Rogers receiver of the First National Bank of Abilene Kansas, Plain. tiff. VS.


Article from Abilene Weekly Reflector, July 27, 1893

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Article Text

[First published in the ABILENE WEEKLY REFLECTOR July 6. 1893.] Sheriff's Sale. George A. Rogers, Receiver of the First National Bank of Abilene, Kansas, plaintiff, VS.


Article from Abilene Weekly Reflector, August 17, 1893

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And also all books and accounts of said The First National Bank, of Abilene, Kansas, not valuable to the Comptroller as records, and all other property. bills receivable, claims, demands and assets of every nature and description whether herein specifically set forth or not, ABILENE, Kansas, August 15, A. D. 1893. GEORGE A. ROGERS, Receiver of The First National Bank, of Abi01 5 lene, Kansas.


Article from Abilene Weekly Reflector, August 24, 1893

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And also all books and accounts of said The First National Bank, of Abilene, Kansas, not valuable to the Comptroller as records, and all other property. bills receivable, claims, demands and assets of every nature and description whether herein specifically set forth or not, ABILENE, Kansas, August15, A. D. 1893. GEORGE A. ROGERS, Receiver of The First National Bank, of Abl51 5 lene, Kansas.


Article from Abilene Weekly Reflector, August 31, 1893

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And also all books and accounts of said The First National Bank, of Abilene, Kansas, not valuable, to the Comptroller as records, and all other property. bills receivable, claims, demands and assets of every nature and description whether herein specifically set forth or not, ABILENE, Kansas, August 15, A. D. 1893. GEORGE A. ROGERS, Receiver of The First National Bank, of Abi51 5 lene, Kansas.


Article from Abilene Weekly Reflector, September 7, 1893

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And also all books and accounts of said The First National Bank, of Abilene, Kansas, " 1. valuable to the Comptroller as records, and al other property. bills receivable, claims, demands and assets of every nature and description whether herein specific ally set forth or not, ABILENE, Kansas, August 15, A. D. 1893. GFORGE A. ROGERS, Receiver of The First National Bank, of Abi51 5 lene, Kansas.


Article from Abilene Weekly Reflector, December 14, 1893

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Article Text

Another Dividend. The creditors of the First National bank will be interested in the fact that another dividend has been declared by the receiver, G. A. Rogers. This makes a total of 85 per cent and the creditors whose claims amounted to $75,000 have yet the building to dispose of.