Nichols Banking Company - Kansas City, MO

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: state
Start Date: August 20, 1890
Location: Kansas City, Missouri (39.100, -94.579)

Metadata

Model: gpt-5-mini
Short Digest: 5e4fa9b6

Response Measures

Full suspension

Other: Depositors will be paid in full; suspension described as temporary but no reopening info provided.

Description

Article (dated Aug 20, 1890) reports a heavy run that caused the Nichols Banking Company to temporarily suspend due to difficulty collecting loans and realizing assets. The piece says temporarily suspended and that depositors will be paid in full, but gives no information about a subsequent reopening or permanent closure, so the outcome is uncertain.

Events (2)

1. August 20, 1890 Run

Cause: Bank Specific Adverse Info
Cause Details: Heavy withdrawals triggered after the bank experienced difficulty collecting loans and realizing assets.
Newspaper Excerpt: A heavy run caused the suspension.
Source: newspapers

2. August 20, 1890 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Temporary suspension due to inability to collect loans and realize assets (asset quality/illiquidity).
Newspaper Excerpt: The Nichols Banking Company has temporarily suspended. The cause of the embarrassment is difficulty in collecting loans and realizing upon assets generally. ... Depositors will be paid in full.
Source: newspapers

Newspaper Articles (1)

1. August 23, 1890 The Minneapolis Observer Minneapolis, MN

Article from The Minneapolis Observer, August 23, 1890

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Article Text

Suspension of a Kausas City Bank. KANSAS CITY, Mo., Aug. 20.-The Nichols Banking Company has temporarily suspended. The cause of the embarrassment is difficulty in collecting loans and realizing upon assetsgenerally. Its capital is $30,000. Depositors will be paidin full. A heavy run caused the suspension.