Scranton State Bank (Scranton, KS)

Episode Information

Episode UID
6279089491532
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
627908949 hash
Start Date
August 1, 1927
Location
Scranton, Kansas (38.782, -95.739)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7628bb33b5f97654

Response Measures

None

Description

Failure followed the cashier's suicide; receiver named and dividends being paid.

Events (2)
1. August 1, 1927 Receivership
Newspaper Excerpt
Dividends will be paid to depositors of three defunct state banks this month, Charles Johnson, state bank receiver, announced today. An 8 per cent dividend will be paid August 10 to depositors of the Scranton State bank of Scranton, whose failure, after the cashier's suicide, tied up $310,000.
Source
newspapers
2. August 1, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank failure following the cashier's suicide which tied up $310,000 in deposits.
Newspaper Excerpt
An 8 per cent dividend will be paid August 10 to depositors of the Scranton State bank of Scranton, whose failure, after the cashier's suicide, tied up $310,000.
Source
newspapers

Newspaper Articles (4)
1. August 1, 1927 The Emporia Gazette Emporia, KS
Article from The Emporia Gazette, August 1, 1927

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Article Text

Three Defunct Banks To Pay Dividends to Depositors in August Topeka, Aug. 1 (AP)—Dividends will be paid to depositors of three defunct state banks this month, Charles Johnson, state bank receiver, announced today. Depositors of the Roanoke State bank of Kansas City, Kan., will receive August 5 their first distribution of the assets, amounting to 20 per cent of the total of $200,000 deposits. An 8 per cent dividend will be paid August 10 to depositors of the Scranton State bank of Scranton, whose failure, after the cashier's suicide, tied up $310,000. Later, a dividend of about 2 per cent will wind up the estate, from which the depositors will get only one-half of their money. The Linwood State bank of Linwood will make its first disbursement under the receivership August 20, when checks representing one-fourth of the $87,000 deposits will be mailed to the depositors.

2. August 1, 1927 The Iola Register Iola, KS
Article from The Iola Register, August 1, 1927

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Article Text

THREE DEFUNCT BANKS TO PAY DIVIDEND SOON Topeka, Aug 1. (AP)—Dividends will be paid to depositors of three defunct state banks this month Charles Johnson, state bank receiver announced today. Depositors of the Roanoke State Bank, of Kansas City, Kan., will receive August 5, their first distribution of the assets amounting to 20 per cent of the total of $200,000 deposits. An 8 per cent dividend will be paid August 10 to depositors of the Scranton State Bank of Scranton. The Linwood State Bank of Linwood will make its first disbursement under the receivership August 20, when checks representing one-fourth of the $87,000 deposits will be paid to the depositors.

3. August 1, 1927 Cherryvale Republican Cherryvale, KS
Article from Cherryvale Republican, August 1, 1927

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Article Text

Defunct Banks to Pay Dividends in August Topeka Aug dends will be paid to depositors three defunct state banks this month Charles Johnson. state bank receiver. announced today Depositors of the Roanoke State Bank of Kansas City, Kan., will their first distributhe assets. amounting to cent of posits. An per cent dividend will be August 10 depositors of the paid Scranton State Bank at Seranton, after cashier's tied Later. dividend about percent will wind up the estate, from which the will get only one-half of their money The Linwood State Bank of Linwood will make its first ment under the receivership August 20. when representing onethe deposits will be paid to the depositors.

4. August 2, 1927 The Morning Chronicle Manhattan, KS
Article from The Morning Chronicle, August 2, 1927

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Article Text

PAY LOSING DEPOSITORS. Dividends from Kansas Institutions Will Yield Funds. Topeka, August 1 (AP)—Dividends will be paid to depositors of three defunct state banks this month, Charles Johnson, state bank receiver announced. Depositors of the Roanoke state bank of Kansas City, Kan., will receive August 5 their first distribution of the assets, amounting to 20 per cent of the total of $200,000 deposits. An 8 per cent dividend will be paid August 10 to depositors of the Scranton State bank of Scranton, whose failure, after the cashier's suicide, tied up $310,000. Later, a dividend of about 2 per cent will wind up the estate, from which the depositors will get only one-half of their money. The Linwood state bank of Linwood will make its first disbursement under the receivership August 20, when checks representing one-fourth of the $87,000 deposits will be mailed to the depositors. Risked Life For Companion Washington, Aug. 1 (AP)—A young college girl risked her life unsuccessfully to save from drowning her collegemate escort, Arnold Thelbert Edwards, 24, formerly of Long Branch, N. J., from drowning in Chesapeake Bay yesterday. Miss Avril Stewart, 20, of Chevy Chase dove from a rowboat after Edwards when he lost strength while swimming through a swift current in the bay. She was unable to find his body and had a difficult time reaching her boat through the swift moving waters, fainting when she gained the craft.