Halls Summit State Bank (Halls Summit, KS)

Episode Information

Episode UID
83085571479
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
8308557 routing
Routing Number
83-0855
Start Date
March 7, 1923
Location
Halls Summit, Kansas (38.347, -95.675)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5e61e8bb97a46417

Response Measures

None

Description

Articles state the bank closed and a receiver was appointed; no run occurred.

Events (3)

1. March 7, 1923 Other
Newspaper Excerpt
One of the unusual features of the failure of the Halls Summit bank was the attitude of the people of that community... there was no run on the bank, the deposits on the day it closed amounting to about $55,000. The deposits are guaranteed.
Source
newspapers
2. March 22, 1923 Receivership
Newspaper Excerpt
H. L. McIntyre was the assistant receiver in charge the bank and he drew salary of $250 month Saunders was a special assistant for three months in 1925 but was paid only nominal salary.
Source
newspapers
3. March 22, 1923 Suspension
Cause
Bank Specific Adverse Info
Cause Details
State banking department uncovered irregularities; cashier W. E. Craig charged and bond set.
Newspaper Excerpt
This bank closed March 22. 1923
Source
newspapers

Newspaper Articles (2)

Article from The Daily Republican, March 7, 1923

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Article Text

CASE AGAINST CRAIG SET FOR NEXT TUESDAY The case of the State vs W. E. Craig, cashier of the Halls Summit State bank, has been continued until Tuesday March 13 at 9 o'clock at the office of the Justice of the Peace E. M. Young in the Library building. Mr. Craig's bond was filed at $10,000 which he gave with his father Thos. Craig and his grandfather, A. Craig as sureties. Mr. Craig has retained Joe Rolston as his attorney. County Attorney E. R. Evans at the suggestion of the state banking department asked that the bond be fixed at $25,000, while the defense thought $3,500 should be high enough. There are no new developments in the case, except that the state banking department says it has uncovered more irregularities than those said to have been found at first. Mr. Craig still insists that every cent will be found properly accounted for. One of the unusual features of the failure of the Halls Summit bank was the attitude of the people of that community, many of whom have known for some time that the bank was hard pressed, but they held their heads, and there was no run on the bank, the deposits on the day it closed amounting to about $55,000. The deposits are guaranteed. Otter Creek Club Meets The members of the Otter Creek club were very pleasantly entertained by Mrs. John Mozingo at her home Thursday afternoon. Thirteen members and four visitors were present. It was voted to have a social meeting and weinie roast Saturday night at the home of Walter Craig. The contest was won by Ella Kellerman and Helen Hamman. The hostess served delicious refreshments of heavenly hash and cocoa. The next meeting is to be with Mrs. Ella Kellerman and is to be an all day meeting at which the members will quilt on her club quilt. All members who know they cannot be present at noon are requested to let Mrs. Kellerman know they can not come. The roll call for that meeting is to be answered by telling your way of ironing your table linen. E. H. Carr of near Lebo was in Burlington Tuesday bringing his daughter, Miss Emma, down for her school work. Mr. Carr returned from Kansas City Monday night where he had been with his son Marshall who was operated on in a hospital there for appendicitis. Marshall is doing as nicely as can be expected. He too, is a student in the Burlington High school.


Article from The Kansas City Times, March 18, 1926

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Article Text

FINE" FOR BANK RECEIVER PLACES MADE ON PAYROLL FOR caustic in its reference to some of the sales of real estate by the receivership. particularly two parcels sold together. These two had book value the day the bank closed of $11,704.89 The receiver ship spent $11,881.80 on the properties. and then in September 1924. sold them for taking a book loss of $13,238.34 of Peterson AdminEND TO KANSAS PLAINSMAN. TOPEKA BUREAU THE STAR ships in the administration of C. Peterson as bank commissioner of Kansas "fine" for friends The disclosures some ago of the ex. penses and the sales of bank assets at Leavenworth for 'song' supple fame mented today by the report of the auditors three other banks It was shown that 0. L. Clarke editor of the Washington Palladium drew many hundreds of dollars as receiver for three banks and also his friends on the payroll and also gave jobs to his attorney friends that two sets of attorneys were each paid for doing the same The report auditors of the Halls Summit State Bank was made public today by Roy Bone bank com missioner The audit was made by C. Colvin of Wichita certified public accountant This bank closed March 22. 1923 shortly after Peterson became bank The audit covered the period from the closing the bank up to August 19. 1925 H. L. McIntyre was the assistant receiver in charge the bank and he drew salary of $250 month Saunders was a special assis tant for three months in 1925 but was paid only nominal salary Then was why Saunders received an assistant re. ceiver He from McIntyre Bank assets of 072.29 for total of Receiver McIntyre also made some deals with himself, indirectly the report of the auditor seems that Saunders bought the bank building for $400. the bank the property as worth $1 loss to the bank of little over 000 few days later Saunders sold the bank building to MeIntyre. the receiver but the amount paid not revealed While we are not qualified to place a fair value on the property. the auditor said have been informed that was worth considerable more than the selling price will also note that the this be owned at this by H. MeIntyre. former assistant for the bank The accountant's report is rather