Article Text
A LEON BANK CLOSES The doors of the Farmers State Bank of Leon, Kan., were closed last Thursday, Apr. 3. A slow run on the bank was said to be the cause of the failure.
6812. Farmers State Bank (Leon, KS)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- April 3, 1930
- Location
- Leon, Kansas (37.690, -96.782)
Metadata
- Model
- gpt-5-mini
- Short Digest
0506cee9
Response Measures
Full suspension
Other: Receiver appointed; depositors paid partial distributions later (Aug payments). The bank voluntarily closed then receiver A.W. Ray took charge.
Description
Articles report a slow run that caused the bank to close (Apr 3, 1930). The bank was voluntarily closed and shortly thereafter a state-appointed receiver (A. W. Ray) took charge (reported Apr 18, 1930). Later (Aug 1930) the receiver paid depositors, indicating the bank remained closed and in receivership (permanent closure).
Events (4)
1.
April 3, 1930
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- A slow run (heavy withdrawals over time) on the Farmers State Bank that undermined its operations and led to closure.
- Measures
- Bank closed voluntarily (suspended operations) after withdrawals.
- Newspaper Excerpt
- A slow run on the bank was said to be the cause of the failure.
- Source
- newspapers
2.
April 3, 1930
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Voluntary closure following a slow run that caused failure to remain open; described as voluntarily closed in local report of Apr 18, 1930.
- Newspaper Excerpt
- The doors of the Farmers State Bank of Leon, Kan., were closed last Thursday, Apr. 3.
- Source
- newspapers
3.
April 17, 1930
Receivership
- Newspaper Excerpt
- Thursday morning A. W. Ray took charge of the Farmers State Bank as receiver. This bank was voluntarily closed two weeks ago. ...Mr. Ray is well fitted by his business experience to handle the affairs of the bank in an excellent and satisfactory manner. (Apr 18, 1930 article describing Thursday morning taking charge.)
- Source
- newspapers
4.
August 14, 1930
Receivership
- Newspaper Excerpt
- the Farmers state at Leon $10,000 on August 14. (Aug 1930: Topeka...will pay $4,900 to depositors...and the Farmers state at Leon $10,000 on August 14.)
- Source
- newspapers
Newspaper Articles (3)
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Article Text
A. W. RAY, RECEIVER Thursday morning A. W. Ray took charge of the Farmers State Bank as receiver. This bank was voluntarily closed two weeks ago. E. J. Boland, president and A. W Ray, one of the four directors of the bank, have been in Topeka, a couple of days this week conferring with State Bank officials, in regard to settlement of the affairs of the bank. Mr. Ray is well fitted by his business experience to handle the affairs of the bank in an excellent and satisfactory manner. FOR SALE- Cabbage plants at 10c per dozen or 3 dozen for 25c. At the News Office.
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Article Text
TO PAY DEPOSITORS Topeka, Aug. W. Johnstate bank receiver, will pay $4,900 to depositors of the New Cambria state bank. This makes 91 per cent. Aug. 6, the Hartford bank will be paid The state bank will be paid $8,200 on Aug. 11, the Sawker City Commercial state per cent on August and the Farmers state at Leon $10,000 on August 14. FIND WAY HOME Hutchinson, Aug. pigeons have reputation of able to find their back home, but McCurdy has land terrapin with the same homing instinch. Four times the turtle has been taken into the country and always turns to the McCurdy home. FORCED LANDING Hutchinson, Aug. treesitting veteran to make forced landing day when his parents moved to another home. Bill Repass had mark of 27 hours aloft when he was forced to descend. FACES MURDER CHARGE Emporia, Aug. warrant charging Willie Dixon, colored, with murder in connection with death Rock Thomas Bushong Saturday has been sued. Dixon has been located, believed. NEW SIGNS UP new steel pendant sign luminated at night by four electric lights was erected yesterday the Standard Oil station. New store signs were placed over the Palace and Roberts Groceries this week. BONE IN THROAT Aug. Johnson taken to Wichita hospital this week for the removal sliver of bone which stuck his throat while he was eatpork chops. A GIRL DROWNS Independence, Aug. Marie Enders, 23 years old, was in the Verdigris yesterday when launch swamped, throwing seven occupants into the water.