Farmers State Bank (Quenemo, KS)

Episode Information

Episode UID
5871310091467
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
587131009 hash
Start Date
March 1, 1922*
Location
Quenemo, Kansas (38.580, -95.527)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ccdeaf026838edd9

Response Measures

None

Description

Receiver proceedings and litigation followed the closure; winding up continued into 1924.

Events (4)
1. March 1, 1922* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Declared insolvent because of excessive cattle loans; cashier's suicide precipitated state intervention.
Newspaper Excerpt
About the same time the Farmers State bank of Quenemo, Osage county, encountered trouble. The cashier committed suicide and the state department stepped in.
Source
newspapers
2. May 1, 1922 Receivership
Newspaper Excerpt
Frank H. Foster, state bank commissioner, today appointed B. V. Curry as receiver ... It was explained in the state banking department that ... the Farmers State bank of Quenemo ... encountered trouble. The cashier committed suicide and the state department stepped in. J. H. Sandell stated today that Curry was also receiver for the Quenemo bank.
Source
newspapers
3. September 13, 1923 Other
Newspaper Excerpt
Alleging that he was 'bluffed out' of $10,000 when the Farmers State Bank of Quenemo ... went into the hands of a receiver in March, 1922, J. T. McMillin ... has filed suit ... charging he was coerced by receiver B. V. Curry.
Source
newspapers
4. June 19, 1924 Other
Newspaper Excerpt
Affairs of the defunct Farmers State Bank will be wound up by August 1st, if plans of the state banking department are completed, the people of Quenemo were informed ... by H. G. Holmes, assistant receiver.
Source
newspapers

Newspaper Articles (4)
1. May 1, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, May 1, 1922

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Article Text

B. v. Curry in Charge of Half Dozen Banking Institutions. Named Today as Receiver for Two Additional Banks. BIGGEST JOB IN BANKING DEPT. He Will Have Charge of All Settlement of Accounts. No Two of Them Are in the Same County. Frank H. Foster, state bank commissioner, today appointed B. V. Curry as receiver for two additional state banks. Curry is now in charge of six banking Institutions which have recently been closed by the state department. Commissioner Foster today named Curry to direct the settlement of affairs of the Farmers State bank at Washington and the State Bank of Hope at Hope. These banks were closed by the state department in the last two weeks, Both were declared to be insolvent because of excessive cattle loans. Receiver Curry has been with the state department as a bank examiner during the last six or seven months. He was formerly cashier of a bank at Almena and also had banking experience in Alma. He is a son-in-law of E. E. Ames, one of the most widely known national bankers in the middle west and chairman of the board of directors of the Central National bank of Topeka. A Big Banking Job. Curry's assignment as receiver for the six state banks is the largest job ever assigned anyone by the Kansas banking department. He will have charge of settlement of all accounts of the closed banks and will handle the work of disposing of the assets of the institutions. Reports in the state house are to the effect that several of the banks may later be reorganized State banks over which Curry will have control in the making of settlements are in widely separated towns. No two of the banks are in the same county. Some time ago Curry was named as receiver for the big Condon State bank of Oswego, Labette county, which failed early this spring. The bank was rated as one of the strongest in southeastern Kansas. In Charge at Arkansas City. short time later Curry was placed in charge of the Traders' State bank at Arkansas City. When Commissioner Foster decided to appoint a receiver for the bank, Curry was selected for the job. When the Traders' State bank closed its doors it took the Citizens' State bank of Geuda Springs, Sumner county, in the fall. It was explained in the state banking department that because of the close relations of the two institutions that the same person should handle the affairs of both. So Curry was named as receiver for the Sumner county bank. About the same time the Farmers State bank of Quenemo, Osage county. encountered trouble. The cashier committed suicide and the state department stepped in. J. H. Sandell. assistant state commissioner. stated today that Curry was also receiver for the Quenemo bank. Last week when the state department decided to close the Farmers State bank at Washington, WashingBD. county, Curry was one of the two examiners sent to the town to take over its affairs. He was today given complete control over the bank thru his appointment as receiver. To Have Local Assistants. C The bank at Hope, Dickinson counf ty, failed less than two weeks ago. Curry is to also manage its affairs and direct settlement of its accounts for the state state banking department. It was explained today that a local assistant would be assigned to Curry o in each of the towns. The work of the local assistant, however will be largely clerical.

2. September 20, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, September 20, 1922

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Article Text

STATE CONTROLS TEN BANKS B. V. Curry Is Official Receiver for All Institutions. Ten state banks are now closed and under control of the state bank commissioner. B. V. Curry, an assistant bank commissioner, is the official receiver of all ten of these institutions. In addition to the ten, there are nine banks in the state now operating under individual receivers. The ten banks under state control and of which Mr. Curry is receiver: Farmers' State bank, Washington. State Savings bank, Leavenworth. Farmers' State bank, Quenemo. C. M. Condon & Co., State bank, Oswego. Traders' State bank, Arkansas City. Citizens State bank, Geuda Springs. Exchange State bank, Wichita, State bank of Hope. Citizens' State bank, Harper. Farmers State Bank, Belmont. Mr. Curry has just been appointed receiver of the Citizens State Bank of Harper, the last bank to be closed by State Bank Commissioner Foster. Following -are the institutions now operating under private receivers: Citizens State Bank, Manhattan. People's State Bank. Salina. Broeker-Lefferdink Bank, Salina. Farmers and Merchants Bank, Pawnee Rock. Farmers State Bank, McCune. Viola State Bank, Viola. Aulne State Bank, Aulne. Hanover State Bank, Hanover. Farmers State Bank, Spring Hill.

3. September 13, 1923 The Osage City Free Press Osage City, KS
Article from The Osage City Free Press, September 13, 1923

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Article Text

QUENEMO MAN ALLEGES HE WAS BLUFFED OUT OF $10,000 BY FARMERS BANK RECEIVER Alleging that he was "bluffed out" of $10,000 when the Farmers State Bank of Quenemo, Osage county, of which he was a director, went into the hands of a receiver in March, 1922, J. T. McMillin, of Quenemo, has filed suit in the Shawnee county district court to get his money back. His petition charges that he gave up the $10,000 under threats from B. V. Curry appointed receiver of the bank by F. H. Foster, then state bank commissioner, that he would be put in the penitentiary if he did not do so. McMillin's petition sets forth in detail the circumstances under which he deposited $10,000 to become a part of the assets of the bank after it had been closed by F. H. Foster, state bank commissioner, and Curry had been put in charge. At a meeting held March 20, 1922, Curry, McMillin, and two other directors of the bank, J. L. Corner and E. R. Eagle, were present. Curry informed McMillin that, as a director of the defunct bank, he had violated the penal sections of the banking laws of the state, and was liable to be sent to the penitentiary. McMillin also says that Curry threatened to send him there if he did not turn in $10,000 of his own money to be added to the assets of the bank. The statements were made in what the petition calls an "earnest, aggressive and violent manner," and McMillin, under their influence, "came thru" with the $10,000, and a little margin. He turned over a check for $1,500 in cash, which he had in the bank, two real estate mortgages of a total value of $3,500, together with the claim to $147.70 in accrued interest on the mortgages, and a check for a certificate of deposit on the bank for $5,000. Curry would not let him leave the room in which the conference was held, McMillin's petition says, in order to get the certificate of deposit, and instead required him to give a check on the bank for that amount. The certificate itself was turned over to the receiver later, the petition asserts. McMillin's "contribution" was placed among the other assets of the bank, and is now held as a part of those assets, McMillin says. But since that time on securing legal advice, he is convinced that he had not violated any penal section of the banking law, and that he did not owe the bank the $10,000. His suit is to require the cancellation of the check he wrote, and the assignments of the mortgages, which he was required to sign before he was allowed to leave the room in which the conference of March 20, 1922, was held. Curry was succeeded as receiver of the bank by Lewis Wilson, the petition states, and Wilson was succeeded on June 8 of this year by R. T. Kreipe, of Topeka, receiver of the bank at the present time. After the expiration of the term of F. H. Foster as state bank commissioner, Curry returned to Almena, Kan. where he has an interest in a bank.—Topeka Capital.

4. June 19, 1924 The Scranton Gazette Scranton, KS
Article from The Scranton Gazette, June 19, 1924

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Article Text

Affairs of the defunct Farmers State Bank will be wound up by August 1st, if plans of the state banking department are completed, the people of Quenemo were informed at a mass meeting in the opera house Monday night by H. G. Holmes, assistant receiver. Mr. Holmes came here directly from a conference in Topeka with the bank receiver, R. T. Kriepe and Carl J. Peterson, bank commissioner. There is but one legal obstacle preventing settlement at this time, Mr. Holmes stated. The First National Bank of Ottawa has a suit pending, brought in one of the divisions of the district court at Topeka and if the Judge will permit a half day to receive the evidence, nothing stands in the way of the department proceeding with plans to advertise the closing of the bank. Law requires that the action be advertised thirty days prior to closing.—Quenemo News. Mr. and Mrs. Earl Short of Kansas City, Mo., announce the birth of a son, June 17th. Mrs. Short was formerly Miss Florence Wolfe. For best prices on poultry of all kinds, call Burkhardt Poultry Farm, Phone 81. Mr. and Mrs. W. W. Punches and son Kenneth spent Wednesday with relatives at Miller. Read Thomas & Johnson's special on dress goods for Saturday. After the show, then where? To Bunten's Soda Fountain, of course, for ice cream, an ice cream soda or sundae. We want your poultry and it will pay you to call us before selling. Free service. Burkhardt Poultry Farm, Phone 81.