Farmers State Bank (Kingman County, KS)

Episode Information

Episode UID
83073771472
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8307377 routing
Routing Number
83-0737
Start Date
August 21, 1922
Location
Kingman County, Kansas (37.559, -98.136)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
97ef0e0574ffcc08

Response Measures

None

Events (3)
1. August 21, 1922 Receivership
Newspaper Excerpt
B. V. Curry, who has been appointed receiver for all the banks that have closed within recent months, will act as receiver for this institution, Sandell said.
Source
newspapers
2. August 21, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Overloaded with bad paper and heavy recent withdrawals; state officials closed the bank.
Newspaper Excerpt
The Farmers State bank at Belmont, Kingman county ... was closed by the state banking department today.
Source
newspapers
3. August 10, 1923 Receivership
Newspaper Excerpt
H. Mattison, who has been the assistant receiver in charge of the Farmers State Bank at Belmont ... has resigned his position and will enter business at Wichita.
Source
newspapers

Newspaper Articles (3)
1. August 21, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, August 21, 1922

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Article Text

SHUT STATE BANK Bad Paper and Withdrawals Hit Belmont Institution. Capitalized at $10,000 and With Deposits of $48,000. The Farmers State bank at Belmont, Kingman county, capitalized at $10,000 and with deposits of $48,000, was closed by the state banking department today. according to J. H. Sandell, assistant state bank commissioner. B. V. Curry, who has been appointed receiver for all the banks that have closed within recent months, will act as receiver for this institution, Sandell said. The Belmont institution has been in financial trouble since early in the year, state officials said. In February a change was made in officials, at the direction of the state department, and J. O. Berry was made cashier. This change was made after it was learned that the bank was overloaded with bad paper. However, the change failed to save the institution and the accumulated bad paper together with heavy recent withdrawals made it necessary to close the bank. Depositors are protected by the state guaranty law. Sandell today was unable to estimate the probable losses but he said that with the double liability on stockholders he was hopeful that the state fund would not suffer a loss.

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. August 10, 1923 The Cunningham Clipper Cunningham, KS
Article from The Cunningham Clipper, August 10, 1923

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Article Text

BANK RECEIVER RESIGNS H. Mattison, who has been the assistant receiver in charge of the Farmers State Bank at Belmont and the Cunningham State Bank at Cunningham, since those banks were closed has resigned his position and will enter business at Wichita. He said he had several propositions in view but had not definitely decided upon either of them. He was married to a popular Wichita girl last week, as announced in the Wichita papers. Mr. Mattison has made many friends at Kingman, Belmont and Cunningham during his stay in these places. He was first appointed deputy receiver for the bank at Belmont and later when the bank at Cunningham closed was put in charge of the affairs of that institution. After taking charge of the Cunningham bank Mr. Mattison made his headquarters at Cunningham but he found that he could serve both banks better by making headquarters here and maintained an office with R. L. Branden and C. C. Calkin, but would spend the first part of the week at one of the places and the latter part at the other. Mr. Mattison is succeeded by Mr. Allen, who is in charge of both the Cunningham State Bank and the Farmers State Bank. Mr. Allen is a very pleasant young man and thoroughly understands the banking business.