10341. Kansas City Safe Deposit & Savings Bank (Kansas City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1894*
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
9c18eaf7

Response Measures

None

Description

Articles (Dec 1904) report the defunct bank's assets sold by the receiver; the bank failed about ten years earlier (~1894) and officers were criminally prosecuted. No article describes a prior public run; the bank remained closed and in receivership, so classification is suspension_closure.

Events (2)
1. January 1, 1894* Other
Newspaper Excerpt
The failure of the bank ten years ago caused much distress among the poorer classes, who lost practically all of their savings when the institution collapsed.
Source
newspapers
2. December 16, 1904 Receivership
Newspaper Excerpt
Assets the defunct Kansas City Safe Deposit and Savings bank of face value of one million dollars were sold by the receiver today for $400.
Source
newspapers

Newspaper Articles (3)
1. December 17, 1904 The Cairo Bulletin Cairo, IL
Article from The Cairo Bulletin, December 17, 1904

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Article Text

$1,000,000 IN ASSETS BROUGHT JUST $400. By the Associated Press. of Kansas City, Dec. 16.-Assets the defunct Kansas City Safe Deposit and Savings bank of face value of one million dollars were sold by the receiver today for $400. -The failure of the bank ten years ago caused much distress among the poorer classes who lost all their savings when the institution collapsed. The officers of the bank were criminally prosecuted.

2. December 23, 1904 The Tupelo Journal Tupelo, MS
Article from The Tupelo Journal, December 23, 1904

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Article Text

Bank Assets Brought $400. Kansas City, Mo., Dec. 17.-Assets of the defunct Kansas City Safe Deposit and Savings bank of the face value of $1,000,000, were sold by the receiver, Friday, for $400. The failure of the bank more than ten years ago caused much distress among the poorer classes.

3. December 23, 1904 The Montgomery Tribune Montgomery City, MO
Article from The Montgomery Tribune, December 23, 1904

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Article Text

Bank Receiver's Sale. Assets of the defunct Kansas City Safe Deposit & Savings bank of the face value of $1,000,000 were sold by the receiver for $400. The failure of the bank more than ten years ago caused much distress among the poorer classes, who lost practically all of their savings when the institution collapsed. The officers of the bank were criminally prosecuted.