Peoples State Bank (Hanover, KS)

Episode Information

Episode UID
83037671475
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8303767 routing
Routing Number
83-0376
Start Date
November 20, 1922
Location
Hanover, Kansas (39.894, -96.879)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4bb0e2e66f60c662

Response Measures

None

Events (3)
1. November 20, 1922 Receivership
Newspaper Excerpt
B. V. Curry was named as receiver for both banks... will be in control of affairs of the People's State bank of Hanover. ... which was closed last week and state bank in Harter county which was closed ten weeks ago,
Source
newspapers
2. November 20, 1922 Suspension
Cause
Government Action
Cause Details
Closed by order of the state bank commissioner; receiver appointed
Newspaper Excerpt
Peoples' State bank at Hanover which was closed last week
Source
newspapers
3. January 17, 1925 Other
Newspaper Excerpt
make payment of a ten per cent (10 per cent) Dividend upon all proven claims of depositors and other creditors of said bank. Said payment will be made from the First National Bank at Hanover, Kansas, between the hours of nine o'clock A. M. and four o'clock P. M. on said date, and on following days, and interest shall cease on as much of said claims as is paid by said dividend. Dated at Topeka, Kansas, this 6th day of January, 1925.
Source
newspapers

Newspaper Articles (6)
1. November 20, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 20, 1922

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Article Text

I HAS CHARGE OF 19 BANKS B. V. Curry Named Receiver for Two More Institutions. Receiverships of Kansas state banks by B. V. Curry were today increased to a grand total of nineteen when Frank H. Foster, state bank commissioner, placed Curry in charge of two additional banks. Curry's receiverships now extend to almost every section of the state and he, is in charge of settlement of practically all state banks that have closed their doors in the last eighteen months. Commissioner Foster today placed Curry in charge of banks at Hanover, Washington county, and Runnymede, ) Harper county. Curry was named as receiver for both banks. Under his latest appointments Cur1 ry will be in control of affairs of the People's State bank of Hanover. Senator J. R. Hyland of Washington county is president of the Hanover bank which closed its doors recently. The state bank of Runnymede will also be under Curry's control by virtue of his new appointments. This bank was closed recently under an order from the state department. E. W. Shepherd will act as deputy commissioner in charge of affairs of the Elmo State bank at Elmo, Dickinson county.

2. November 20, 1922 The Chickasha Daily Express Chickasha, OK
Article from The Chickasha Daily Express, November 20, 1922

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Article Text

BANK RECEIVER NAMED. (By The United Prem.) Topeka, Kan., Nov. 20.-State Bank Commissioner F. H. Foster today announced that he had appointed B. V. Curry, receiver for the Peoples' State bank at Hanover which was closed last week and state bank in Harter county which was closed ten weeks ago,

3. March 30, 1923 Washington Palladium Washington, KS
Article from Washington Palladium, March 30, 1923

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Article Text

O. L. CLARKE APPOINTED DEPUTY BANK RECEIVER O. L. Clarke has been appointed by C. J. Peterson, bank commissioner, as assistant receiver for four defunct banks, the Farmers State Bank at Washington, the Hanover State Bank and the Peoples State Bank at Hanover and the State Bank of Arrington. Mr. Clarke returned from a trip to Topeka, Wednesday morning and will begin his duties at once. He is now on a month's leave of absence from the postoffice and will no doubt soon be relieved of that responsibility as a call has been made for postmaster's examination.

4. November 27, 1924 The Fairbury Journal-News Fairbury, NE
Article from The Fairbury Journal-News, November 27, 1924

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Article Text

Closed Bank Expenses A suit was filed in district court last week asking the judge to inquire into the expenses of the receivership of the failed Peoples State Bank at Hanover. The petition claims that the funds of the bank belonging to depositors are being illegally and wrongfully used for receiver's and attorney's fees out of proportion to the value of the services rendered and that unreasonable and excessive fees are being paid for clerk hire, advertising and other unauthorized expenses. The court is asked to examine these items and cut them down to a proper level. Several similar suits have been tried in other counties and it has been found that the present Democrat governor of this state and his politician bank commissioner have permitted almost a looting of the funds of failed banks to the benefit of party henchmen. A news item from Parsons some time ago stated that the bank at Hallowell, Kansas, was examined by the court and it was found that $300 more a month was being paid out than it cost to run the bank before it failed. We do not know what the court inquiry will bring out in this county, but it will doubtless show that big fees are being paid "deserving Democrats" for little or no work.—Washington (Kans) Rep. Register.

5. January 9, 1925 The Hanover Herald Hanover, KS
Article from The Hanover Herald, January 9, 1925

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Article Text

January 9, 1925.] NOTICE. To The Depositors and Other Creditors of the Peoples State Bank, Hanover, Kansas: I, the undersigned. Receiver of the Peoples State Bank, Hanover, Kansas, will upon the seventeenth day of January, 1925, make payment of a ten per cent (10 per cent) Dividend upon all proven claims of depositors and other creditors of said bank. Said payment will be made from the First National Bank at Hanover, Kansas, between the hours of nine o'clock A. M. and four o'clock P. M. on said date, and on following days, and interest shall cease on as much of said claims as is paid by said dividend. Dated at Topeka, Kansas, this 6th day of January, 1925. R. T. KREIPE. Receiver of the Peoples State Bank, Hanover, Kansas. Attest: C. J. PETERSON, Bank Commissioner.

6. January 9, 1925 The Hanover Herald Hanover, KS
Article from The Hanover Herald, January 9, 1925

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Article Text

RECEIVER'S OFFICIAL STATEMENT Financial Condition of the Peoples State Bank At Hanover, State of Kansas, at the elose of business on the 26th day of December. 1924. Total liabilities STATE OF KANSAS. COUNTY OF WASHINGTON, 1 1.. Clarke, Assistant Receiver of above named bank, do solemnly swear that the above statement is true; that all receipts and disbursements are shown under the proper headings. and that have not received nor expended any money as said Receiver other than shown in the above statement, to the best of my knowledge and belief. So help me God. O. L ARKE. Assistant to Receiver. Subscribed and sworn to before me. this 7th day of January, 1925. J. P. KILKENNY. [NOTARY SEAL.] Notary Public (Commission expires on the 27th day of December 1928. RESOURCES: Loans and discounts Real estate loans 6,482.00 Overdrafts, 386.52 Judgments 3,883.96 Stockholders liability 21,200.00 Other real estate owned 14.615 71 Preferred claims paid 3,192.12 Liquidation expense 18,221.21 Los and shrinkage 15.827.55 Concealed liabilities 132.36 Interest paid 320.74 Dividends paid 35,385.26 Due from banks 12,596.61 Due from correspondent banks, in 847.68 dispute Total assets $176,660.57 LIABILITIES: $15,000.00 Capital Surplus 1,500.00 Interest received 3,807.21 Rents received 3,804.04 Sto knolders Liability 309.08 Other earnings Recovery (assets acquired since suspen2,353.64 sion. Individual deposits 1,050.23 Certificates deposit Savings deposits 37.18 Cashier's checks 113.34 Furniture and fixtures so'd 52.50 Drafts outstanding 149.66 Preferred claims (general-issued or allowed 3.187.12 Receivers certificates (common issued or allowed 2,097.27 Guaranty certificates (issued or allowed 117,045.42 Interest collected and credited on rediscounts