First National Bank (Medicine Lodge, KS)

View Charter #3253 on SPMC View balance sheet

Episode Information

Episode UID
325301131
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
32530 national
Charter Number
3253
Start Date
March 7, 1894
Location
Medicine Lodge, Kansas (37.281, -98.580)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
220aaf4ba4d62aeb

Response Measures

None

Description

Bank was purchased/merged into Citizens State Bank and liquidated; a receiver is later referenced.

Events (4)
1. September 24, 1884 Chartered
Source
historical_nic
2. March 1, 1894 Voluntary Liquidation
Source
historical_nic
3. March 7, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
First National's business was purchased by Citizens State Bank and the First National was liquidated/closed in a consolidation.
Newspaper Excerpt
There was considerable surprise on our streets Thursday morning to find the officials of the Citizens State Bank behind the counters of the First National, with a placard on the outside announcing that the former had purchased the entire business of the latter.
Source
newspapers
4. December 4, 1896 Receivership
Newspaper Excerpt
The receiver of the First National Bank will, of course, press all debtors of that bank for a settlement.
Source
newspapers

Newspaper Articles (2)
1. March 7, 1894 Barbour County Index Medicine Lodge, KS
Article from Barbour County Index, March 7, 1894

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Article Text

The Banks Consolidate. There was considerable surprise on our streets Thursday morning to find the officials of the Citizens State Bank behind the counters of the First National, with a placard on the outside announcing that the former had purchased the entire business of the latter. It was very much unexpected by the people here and caused no little wonder and amazement. In this consolidation there is formed one of the strongest financial institutions in the state. The last report of the Citizens Bank showed resources and liabilities of $126,729.08 and when the business is doubled by adding that of the First National there are few country banks that can equal it. The officers of the institution are C. Q. Chandler, president; J. W. Berryman, vice president; F. B. Chapin, cashier, J.S. Runyan, assistant cashier. The directors are W. S. Woods, C. Q. Chandler, J. W. Berryman, F. B. Chapin and W. S. Berryman. The names insure the confidence of all our business men. The liquidated bank is the oldest in the county. It has passed through several hands since it was established, the last officers being J. P. Hall president, T. L. Lindley vice president, C. S. Jobes cashier and J. S. Runyan as. sistant cashier. The board of directors were J. P. Hall, W. L. Blair, T. L. Lindley, C.S. Jobes, W. T. Rouse and A. L. Noble. The resources on January 1st were $111,574.01, deposits time and demand $42,615.70 and loans and discounts $63,319.61. The gentlemen who conducted the business were very affable and courteous and made many friends. Mr. Hall will now take up and attend to his farming interests as soon as it demands attention. Mr. Jobes will remain here until the term of school closes, on account of his child. ren. After that he will probably locate nearer his other interests, just where he has not decided as yet. J. S. Runyan and Roy Hall are retained in the bank. It is clear that the depression in business has brought about this change whereby we have but one bank, and that the move was for the best to all parties concerned there is no reason to doubt. And now that the Citizens State Bank has the field to itself we feel sure that no undue advantage will be taken in any respect; but that the customers will meet that same courtesy and considerate treatment which characterized it when there was competition.

2. December 4, 1896 Kansas Agitator Garnett, Greeley, Topeka, KS
Article from Kansas Agitator, December 4, 1896

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Article Text

# THE BANK OF COMMERCE. The new Bank of Commerce has leased the rooms occupied by the First Natiosal Bank for one year, and the new bank will be ready for business about the 15th inst. The Bank of Commerce is credited with large means We understand that Dr. Woods, of the Kansas City Bank of Commerce, is one of the chief movers in the new enterprise. Mr. Chandler, president of the only bank in Medicine Lodge that was able to withstand the late panic, is president of the new bank. Mr. Masterman, of Elk City, is another man of large means, and will havecharge of the business here, He will make his home here immediaiely, and Mr. Chandler will move here later on. These gentlemen are brothers-in-law, and Mr. Chandler is a nephew of Dr. Woods. The receiver of the First National Bank will, of course, press all debtors of that bank for a settlement. The Bank of Commerce, with the large capital behind it, stands ready (as soon as it opens for business) to accommodate those with money who are indebted to the First National Bank, We sincerely hope that the depression in business caused by the failure of the First National will be more than offset by the new bank.