First State Bank (Minneola, KS)

Episode Information

Episode UID
83094671485
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8309467 routing
Routing Number
83-0946
Start Date
September 21, 1923
Location
Minneola, Kansas (37.443, -100.015)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7ab474a1ba689e6e

Response Measures

None

Events (2)
1. September 21, 1923 Suspension
Cause
Government Action
Cause Details
Closed by order of the state banking department after examiner reported frozen assets and unrecoverable agricultural loans
Newspaper Excerpt
The First State bank of Minneola, Clark county, Kansas, was closed today by order of the state banking department
Source
newspapers
2. December 24, 1926 Receivership
Newspaper Excerpt
Initial dividends were paid also in receivership of Exchange State bank of Kirwin and the First State bank Minneola.
Source
newspapers

Newspaper Articles (2)
1. September 21, 1923 The Enid Daily Eagle Enid, OK
Article from The Enid Daily Eagle, September 21, 1923

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Article Text

Minneola Bank Fails Topeka, Kan., Sept. 21.—The First State bank of Minneola, Clark county, Kansas, was closed today by order of the state banking department, it was announced by State Bank Commissioner Carl J. Peterson. A bank examiner who reported the condition of the bank, gave "frozen assets" as cause of its condition. It has out agricultural loans on which it is unable to realize, it was explained. The bank has deposits of $105,000, its latest statement shows; surplus of $12,500. F. Crouch is president, A. P. Reece, vice president and Ed Ramsey, cashier.

2. December 24, 1926 Kansas City Journal Kansas City, MO
Article from Kansas City Journal, December 24, 1926

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Article Text

BANK RECEIVER IN SANTA Depositors in Twelve Kansas Failures Receive for Christmas. Dec. Santa Claus to the thousands depositors twelve banks which failed year has been assumed by genfor ban't in the the Christpaid with the of the Patrons of the Fidelity State bank the largest part $75,000. their dividend. representone-fourth the total deposits. next largest share persons funds were tied closing Farmer's State of Although large per cent-it was the first. An initial dividend of 50 per cent the of the ifred bank of Winifred. However. distribution that community totaled $16,000. Initial dividends were paid also in receivership of Exchange State bank of Kirwin and the First State bank Minneola. per cent dividend totaling while Kirwin depositors 25 per cent dividend totaling $25,000. Final distributions made for the State bank of Osathe State Smith Center Osawatomie, dividend amounted while cent dividend Smith totaled The other Christmaa dividends for were: Colony State bank, Colony, 20 per Central State bank, Geneseo, 15 per Farmers State Hope, 10 per Webster 10 Albany State bank, per per cent, $7,500.