Federal Trust Company (Kansas City, MO)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
November 12, 1926
Location
Kansas City, Missouri (39.100, -94.579)
Bank Type
trust
Routing Number
18-0035

Metadata

Episode ID
Bank ID
City ID
290748198
Model
gpt-5-mini
Short Digest

Notes

Closure placed the bank in the hands of the state finance commissioner; permanent outcome not explicitly stated in these articles.

Events (2)
1. November 12, 1926 Run
Cause Details
Sustained heavy withdrawals by depositors over the two weeks preceding closure; no specific triggering rumor or scandal identified in articles.
Measures
Board of governors closed the bank and voted to place the institution in the hands of the state finance commissioner.
Newspaper Excerpt
Heavy runs by depositors in the last two weeks caused the move, P. E. Laughlin president, declared.
Source
newspapers
2. November 12, 1926 Suspension
Cause Details
Board closed the trust company after heavy depositor runs and placed it in the hands of the state finance commissioner.
Newspaper Excerpt
Federal Trust Company of Kansas City... was closed today by the board of governors who voted to place the institution in the hands of the State Finance [Commissioner].
Source
newspapers

Newspaper Articles (14)
1. November 12, 1926 The Chico Enterprise Chico, CA
Article from The Chico Enterprise, November 12, 1926

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Article Text

FEDERAL TRUST COMPANY CLOSED

KANSAS Trust company KanCity was closed late today the board of governors and voted to place the bank the hands of the state finance commissioner. Heavy runs on the bank in the two weeks caused the move, Laughlin, president, said

2. November 12, 1926 The Bellingham Herald Bellingham, WA
Article from The Bellingham Herald, November 12, 1926

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Article Text

Bank Closed

KANSAS CITY, Nov. Federal Trust company, Kansas City, closed late toby the governors and place the bank hands state runs the bank the last weeks caused the Laughlin, president, He board believed amply protectto about two million dollars.

3. November 13, 1926 The Courier-Journal Louisville, KY
Article from The Courier-Journal, November 13, 1926

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Article Text

TRUST COMPANY IN KANSAS CITY CLOSES

Kansas City, Nov. 12 (AP)-The Fed eral Trust Company of Kansas City with deposits of about $2,000,000. was closed today by the board of gov ernors who voted to place the insti tution in the hands of the State F1 nance Heavy runs by depositors in the last two weeks caused the move, P. E. Laughlin president, declared. He said the board believed the depositors were amply

4. November 13, 1926 The Decatur Daily Review Decatur, IL
Article from The Decatur Daily Review, November 13, 1926

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Article Text

BANK AT KANSAS CITY IS CLOSED

Kansas City. Mo, Nov. 13-Federal Trust company of Kansas City with deposits $2,000,000 has been closed after heavy runs by depositors.

5. November 13, 1926 The Oregonian Portland, OR
Article from The Oregonian, November 13, 1926

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Article Text

THREE BANKS CLOSED

Heavy Runs Hit Federal Trust of Kansas City.

KANSAS CITY, Mo., Nov. 12.Federal Trust company of Kansas City was closed late today by the governors and was voted to place the bank in the

6. November 13, 1926 The Oregon Daily Journal Portland, OR
Article from The Oregon Daily Journal, November 13, 1926

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Article Text

Second Kansas City Bank Closes Doors; Blame Heavy Runs

Kansas City, Mo., Nov. The Kansas City Terminal Trust company was closed here today as direct result of the closing Friday of the Federal Trust company, which turned records over the state department. of the Fedthe during the the made at the bank estimated that unable meet its obligations by $100,000.

7. November 13, 1926 The Cleveland Press Cleveland, OH
Article from The Cleveland Press, November 13, 1926

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Article Text

CLOSE MISSOURI BANK

Federal Trust Co., Kansas City, Faced Heavy Run United Press KANSAS Nov. Federal Trust Co. of Kansas City, with deposits closed Friday by the board of and placed in the hands of the state president, said the Institution the last two the move. The he said were amply

8. November 13, 1926 Bluefield Daily Telegraph Bluefield, WV
Article from Bluefield Daily Telegraph, November 13, 1926

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Article Text

FEDERAL TRUST FIRM IS CLOSED BY BOARD

Kansas Mo., Nov. 12. Federal Kansas City, with about closed late today board voted place hands of the state finance commissioner. Heavy runs by depositors in the caused president, declared. He said board believed the positors were amply protected. trust company did general bankbusiness.

9. November 13, 1926 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, November 13, 1926

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Article Text

TRUST COMPANY OF KANSAS CITY CLOSES ITS DOORS Kansas City, Nov. Federal Trust company, of Kansas City, with deposits about was closed late today by the board governors who voted place the stitution in the hands of the state heavy run by depositors in the last two caused the move, Laughlin, president, He said the board believed the are amply protected. The trust company did general banking business.

10. November 13, 1926 Santa Cruz Evening News Santa Cruz, CA
Article from Santa Cruz Evening News, November 13, 1926

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Article Text

Through error The News last evening stated that Louis J. Fortro, sued by James La Tour for $25,000 for alleged enticing away of the latter's wife, was La Tour's brother-inlaw. Fortro is La Tour's father-inlaw.

Federal Trust company of Kansas City with deposits approximating $2,000,000 is closed after heavy runs by depositors.

11. November 13, 1926 The Knoxville Journal Knoxville, TN
Article from The Knoxville Journal, November 13, 1926

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Article Text

RUNS BY DEPOSITORS CLOSE BANK KANSAS Nov. The Federal Trust company of Kansas City, with of about was closed late today by the board of governors who voted to place the institution the hands state finance Heavy runs by depositors in the two caused the Laughlin, president, declared. said board lieved the depositors were amply The trust company did banking business.

12. November 13, 1926 The Commercial Appeal Memphis, TN
Article from The Commercial Appeal, November 13, 1926

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Article Text

SUIT FOR $34,077,324 TO START IN DETROIT

U. S. Trying to Collect Huge Sum in Back Taxes.

FORMER WARDEN FREED ON CHARGE OF MURDER

Jury Returns Verdict After Deliberating Short Time.

BANK IN KANSAS CITY IS ORDERED CLOSED

Federal Trust Co. Had Deposits of $2,000,000.

13. November 13, 1926 The Daily Oklahoman Oklahoma City, OK
Article from The Daily Oklahoman, November 13, 1926

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Article Text

HEAVY RUNS CAUSE CLOSE OF BANK IN KANSAS CITY

Federal Trust company of Kansas City, was closed late Friday by the board of governors and it was voted to place the bank in the

14. November 16, 1926 The Daily Worker Chicago, IL
Article from The Daily Worker, November 16, 1926

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Article Text

Kansas City Bank Closes Its Doors, Head Blames Run

KANSAS CITY, Nov. Federal Trust Company here, with deposits of $2,000,000, has been closed by order of the board of governors. The bank now in the hands of the state finance President E. Laughlin blamed heavy runs of depositors during the past two weeks for the action. genbanking business was done by the company.