gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5c3ae450983b027f
Response Measures
None
Receivership Details
Depositor recovery rate
70.0%
Date receivership started
1891-08-17
Date receivership terminated
1899-05-25
OCC cause of failure
Fraud
Share of assets assessed as good
29.5%
Share of assets assessed as doubtful
30.0%
Share of assets assessed as worthless
40.5%
Description
Articles refer to the First National Bank of Wyandotte (Kansas City, Kan.) — Wyandotte is an OCR/variant name recorded in sources.
Events (4)
1.May 17, 1887Chartered
Source
historical_nic
2.July 16, 1891Suspension
Cause
Bank Specific Adverse Info
Cause Details
Lack of ready cash and illiquid or questionable assets (involvement with Husted Investment Company); president reticent; examiner taking charge.
Newspaper Excerpt
The First National bank of Wyandotte, or Kansas City, Kan., suspended business to-day and is in the hands of a bank examiner.
Source
newspapers
3.August 17, 1891Receivership
Source
historical_nic
4.August 17, 1891Receivership
Newspaper Excerpt
The controller of the currency today appointed Mr. Wm. T Atkinson of Hutchinson, Kan., receiver of the First National Bank of Kansas City, Kan.
Source
newspapers
Newspaper Articles (22)
1.July 17, 1891The Morning NewsSavannah, GA
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Article Text
A BANK IN TROUBLE. The First National of Wyandotte in the Hands of an Examiner. KANSAS CITY, Mo., July 16.-The First National Bank of Wyandotta, or Kansas City, Kan., suspended business to-day and is in the hands of a bank examiner, J. D. Wilson. The president of the bank is very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that the assets are $200,000 and the liabilities $100,000 It is generally believed that the liabilities are considerably over $100,000, inasmuch as the city of Kansas City, Kan., has on deposit in the bank about $60,000. The bank is capitalized for $100,000. The First National Bank of Kansas City, Mo.. is in no way involved in the failure.
A W yand otte Bank Suspends. KANSAS CITY, July 16.-The First National bank of Wyandotte, or Kansas City, Kas., suspended today and IS in the hands of a bank examiner. President Wilson IS very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that the assets are $200,000 and the liabilities $100,000. Much of the assets, which were supposed to be gilt-edged, are of such a nature, be says. as to prevent rapid realization. Last falt the bank became involved in the affairs of the Husted Investment company and was in a shaky condition. The institution at that time consolidated with the Exchange National bank and it was believed had tided over the difficulty. It is generally believed that the liabilities are considerably over $100,000, inasmuch as the city of Kansas City, Kas., had on deposit in the bank about $60,000.
3.July 17, 1891Wheeling RegisterWheeling, WV
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Kansas Bank Suspends. KANSAS CITY, Mo., July 16.-The First National Bank of Wyandotte, or Kansas City, Kansas, suspended business to-day and is in the hands of a bank examiner. J. D. Wilson, president of the bank, is very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that assets are $200,000 and liabilities $100,000.
4.July 17, 1891Fort Worth GazetteFort Worth, TX
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Article Text
Bank Failure at Wyandotte, Kan. KANSAS CITY, Mo., July 16.-The First national bank of Wyandotte or Kansas City, Kan., suspended business to-day and is in the hands of a bank examiner. I D. Wilson, president of the bank, is very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that the assets are $200,000, and the liabilitles $100,000.
5.July 17, 1891St. Paul Daily GlobeSaint Paul, MN
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Article Text
Á BANK CLOSED. Assets Alleged to Be Double th Liabilities. KANSAS CITY. Mo., July 16.-The First National Bank of Wyandotte, 01 Kansas City, Kan., suspended business to-day and is in the hands of a bank examiner. J.D. Wilson. president of the bank, is very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that the as sets are $200,000 and lia bilities $100.000. It is generally be lieved that the liabilities are consider ably over $100,000, inasmuch as the city of Kansas City, Kan.. had on deposit in the bank about $60,000. The First National Bank of Kansas City, Mo., is in no way involved.
6.July 18, 1891The Helena IndependentHelena, MT
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Shut up a Bank. KANSAS CITY, July 16.-The First National bank, of Wyandotte, or Kansas City, Kan., suspended to-day and is in the hands of a bank examiner. President Wilson is very reticont concerning the cause of failuro and the condition of the bank. He says, however, that the assets are $200,000 and the liabilities are $100,000. Much of the assets which were supposed to be gilt edged, are of such nature, he says, as to prevent rapid realization.
7.July 18, 1891Santa Fe Daily New MexicanSanta Fe., Santa Fe, NM
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Article Text
KANSAS CITY, Mo., July 18.-The First National bank of Wyandotte, or Kansas City, Kas., has suspended business. The liabilities were $90,000, including deposits. The total assets are $214,000 of gilt edge securities. The failure was due to lack of ready cash.
8.July 18, 1891Telegram-HeraldGrand Rapids, MI
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Article Text
A Kansas Bank Fails. KANSAS CITY. Mo., July 17.-The First national bank of Wyandotte, or Kansas City, Kan., suspended business Thursday and is in the hands of a bank examiner. J. D. Wilson, president of the bank, is reticent concerning the cause of the failure and the condition of the bank He does say, however, that the assets are $200,000 and the liabilities $100,000.
9.July 21, 1891New-York TribuneNew York, NY
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Article Text
by foreign loan companies on account of the Alien Land law. Mr. Spaulding says the bank is solvent; that there is no occasion for a receiver, and he would not have taken such a step except at the unanimous request of the directors. Depositors and creditors will be fully protected. A movement is on foot to re-organize the bank under the new law. Other banks tendered aid, but the directors decided to take the course they did. No other banks are affected, and little excitement is exhibited over the suspension.
Kansas City, Mo., July 20. -The Central Bank of Kansas City, Kan., failed this morning. The failure was due to the failure of the First National Bank, which was taken charge of by the Bank Examiner last Thursday. The liabilities are $35,000, assets $65,000. R. W. Hilliker is the president and cashier of the bank. The bank was organized under the State law.
10.July 24, 1891The McCook TribuneMcCook, NE
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Article Text
Kansas Bank Smash. KANSAS CITY, Mo., July 18.-The First National bank of Wyandotte, or Kansas City, Kan., suspended business yesterday and is in the hands of a bank examiner. I. D. Wilson, president of the bank, is very reticent concerning the cause of the failure and the condition of the bank. He does say, however, that the assets are $200,000 and the liabilities $100,000. Much of the assets, which were supposed to be giltedged, are of such a nature, he says, as to prevent a rapid realization upon them.
11.July 27, 1891Evening StarWashington, DC
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Article Text
AN INSOLVENT BANK.-The controller of the currency today received a report from Bank Examiner Marshall which shows that the First National Bank of Kansas City, Kan., is insolvent. A receiver will be appointed immediately.
FAILURES. W ASHINGTON, July - -The comptroller of the currency said today that it would be found necessary to place the First National bank of Kansas City, Kan., in the hands of a receiver. SAN FRANCISCO, July 27.-A run began upon the People's Savings bank today and several thousand dollars were paid to depositors. The bank commissioners have begun an investigation of the bank's affairs. The bank officers state that the institution is perfectly solvent. ATCHISON, Kau., July 27.-H. C. Solomon, agent of the First National bank of Chicago, has completed the work of invoicing the Howell, Jewett & Co. lumber yard in this city. The yard, including real estate and material on hand invoices $108,764.95. The real estate is valued at $25,000. The outstanding accounts will aggregate $25,000.
13.July 28, 1891Evening JournalWilmington, DE
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THE NEWS IN BRIEF. Theodore D. Lorich, of Jersey City, was drowned at Sharon, Mass. The anti-pool selling law at St. Louis has been declared cunconstitutional. Captain William W. Bair, of Clarion, Pa., has been appointed president judge of Clarion county, to succeed the late Theophilus Wilson. Eighty motor men and conductors of the Newark (N.J.) Passenger Railway company have struck for a reduction of hours and an increase of wages. The Massachusetts Democratic state convention will be held on Tuesday, Sept. 29, at Worcester. The First National Bank of Kansas City Kan., is insolvent. A receiver will be appointed. Ex-Governor Paul Dillingham, of Vermont, died July 27. He was a member of congress in 1844 and governor in 1865. E. H. Morris, of the Republican state central committee of Illinois, has been offered the position of minister to Liberia by the president. Mrs. Samuels, the mother of Jesse James, the outlaw, has received an offer to exhibit the James log house near Kearny, Mo., at the World's fair. The lobster factories at Bay of Islands, N. F., with the exception of those operated by the French, have been closed by the commander of the British ship Pelican. A conscience stricken unfortunate has sent thirty-eight one dollar lottery tickets, none of which drew a prize, to the dead letter office, with the comment that the lottery is a humbug. Treasury officials are said to be greatly worried over the letter written by Mr. Owen, superintendent of immigration, in which he said tin plate workers might be brought into this country in spite of the contract labor law.
14.July 28, 1891New-York TribuneNew York, NY
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A KANSAS CITY BANK IN TROUBLE. Washington, July 27.-The Controller of the Currency said to-day that it would probably be found necessary to place the First National Bank of Kansas City, Kan., in the hand of a receiver.
15.August 17, 1891Evening StarWashington, DC
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KANSAS CITY BANK RECEIVER.- - The controller of the currency today appointed Mr. Wm. T Atkinson of Hutchinson, Kan., receiver of the First National Bank of Kansas City, Kan.
16.August 19, 1891Wheeling RegisterWheeling, WV
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A Receiver Appointed. WASHINGTON, August 17.-The Controller of the Currency to-day appointed Mr. Wm. T. Atkinson, of Hutchinson, Kan., receiver of the First National Bank of Kansas City, Kan.
17.August 20, 1891Delaware Gazette and State JournalWilmington, DE
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Bank Receiver Appointed. WASHINGTON, Aug. 17.-The comptroller of the currency to-day appointed William T. Atkinson of Hutchinson, Kan., receiver of the First National Bank of Kansas City, Kan.
18.August 21, 1891Iowa County DemocratMineral Point, WI
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WASHINGTON. THE president has appointed George A. Birdsall postmaster at Chadron, Neb., vice F. B. Carty, resigned. RICHARD COLTS SHANNON, of New York, has been appointed Urited States minister to Central America. THE United States government is negotiating for the island of St. Thomas for a West Indies coaling station. SECRETARY TRACY says he is planning to have the white squadron visit the gulf states this fall and winter, and, if possible, 20 up the Mississippi as far as Vicksburg. THE comptroller of the currency on Monday appointed William T. Atkinson, of Hutchinson, Kan., receiver of the First National bank of Kansas City, Kan. THE foreign ministers to China are said to have made a concerted demand for reparation for the lives of Europeans and Americans killed in the recent riots in the Celestial empire. AT the request of the Indian bureau the general land office has sent two agents to the Fond du Lac Indian reservation to put a stop to the timber stealing upon the Indian lands. One of the agents will take charge of the timber already cut and the other will see what can be done with those who have taken the timber.
19.September 18, 1891St. Paul Daily GlobeSaint Paul, MN
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Its Assets Small. KANSAS CITY, Sept. 17.-The appraisers appointed by Judge Alder, of the district court of Wyandotte county, to ascertain the value of the assets of the suspended First National Bank of Kansas City, filed their report to-day. Assets appraised at $1,680. The liabilities of the bank are $34,000.
20.July 5, 1905Rock Island ArgusRock Island, IL
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APPEAL TO HAVE DEVLIN BANKRUPT Kansas City Creditors Petition for Proceedings-Run on Banks Stopped. Topeka, July 5.-A petition to declare C. J. Devlin a bankrupt was filed in the federal court today on behalf of Kansas City creditors. Runs on Topeka banks, which started Monday following the failure of the First National bank, had apparently been stopped when the institutions opened today. There was no excitement. The bank officials stated they were in better shape than ever to meet all demands.
21.December 7, 1907The Vinita Daily ChieftainVinita, OK
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CRISIS PASSED Kansas City, Mo', Dec. 6. .-There were no evidence of a run on any local banks in the early hours today. Bank officials generally gave it as their opinion that the crisis resulting from the failure yesterday of the National Bank of Commerce was over, and that normal condition would soon exist again. Many depositors were reassure by declarations of officials of that institution that it would not only pay its depositors in full, but that the stockholders also would loose nothing. One of the three small banks that closed yesterday, the First National Bank of A rgentine, Kansas, re-opened for busi ness this morning. The bank has deposits of a quarter of a million of dollars and the cashier says it is in a perfectly sound condition.
22.December 12, 1907The Vinita Weekly ChieftainVinita, OK
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CRISIS PASSED Kansas City, Mo: Dec. -There were no evidence of a run on any local banks in the early hours today. Bank officials generally gave H. as their opinion that the crisis resulting from the failure yesterday of the National Bank of Commerce was over, and that normal condition would soon exist again. Many depositors were reassure by declarations of officials of that institution that it would not only pay its depositors in full, but that the stockholders also would loose nothing. One of the three small banks that closed yesterday, the First National Bank of A rgentine, Kansas. re-opened for busi. ness this morning. The bank has deposits of A quarter of I million of dollars and the cashier says It is in a perfectly sound condition.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
