Wyandotte National Bank (Kansas City, KS)

Episode Information

Episode UID
372601099
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
37260 national
Charter Number
3726
Start Date
July 16, 1891
Location
Kansas City, Kansas (39.114, -94.627)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
4067986621a212eb

Response Measures

None

Description

Articles state suspension and examiner control but do not explicitly mention a receiver or permanent closing; more sources could confirm final disposition.

Events (3)

1. June 17, 1887 Chartered
Source
historical_nic
2. July 16, 1891 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Involvement with the Husted Investment Company; supposedly gilt-edged assets illiquid and assets insufficient to cover liabilities.
Newspaper Excerpt
The First National Bank of Wyandotte ... suspended today and is in the hands of the bank examiner.
Source
newspapers
3. April 13, 1897 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)

Article from The Seattle Post-Intelligencer, July 17, 1891

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Article Text

BUSINESS FAILURES. An Electric Company Assigns-A Kansas National Bank Suspends. NEW YORK, July 16.-The Empire City Electrie Company has gone into liquidation. Liabilities, $100,000. KANSAS CITY, July 16.-The First National Bank of Wyandotte, of Kansas City, Kan., suspended today and is in the hands of the bank examiner. President Wilson is very reticent concerning the cause of the failure and the condition of the bank He says, however, that the assets are $200,000 and the liabilities $100,000. Much of the assets which were supposed to be gilt-edged are of such a nature, he says, as to prevent rapid realization. Last fall the bank became involved in the affairs of the Husted Investment Company and was in a shaky condition. The institution at that time consolidated with the Exchange National bank and was believed to have tided over its difficulties. It is generally believed the liabilities are considerably over $100,000, inasmuch as the city of Kansas City, Kan., had on deposit in the bank about $60,000. ATCHISON, Kan., July 16.-The attorney for George W. Howell, of the Howell Lumber Company, which failed yesterday, says: The failure was caused by the failure of the Jeffersonville Lumber Company. which was a debtor to Howell for $400,000. and the sale of the Omaha plant by Herbert Jewett, which was wholly unexpected. The liabilities of the Atchison concern are $250,000, of which the First National bank of Chicago is a creditor for $200,000. The assets of all the Howell concerns are placed at $3,000,000. The liabilities are unknown. The Missouri Pacific has filed an attachment for $1,300. Lawyers are receiving numerous claims against the Howells. One firm received yesterday over $400,000 in claims against them by telegraph, mostly accommodation papers. C.H. Blount, a retail lumber dealer of this city, has $50,000 of this kind of paper outstanding, and has instituted attachment proceedings. Blount states that the outstanding accommodation papers will reach from one to two and & half million dollars. CHICAGO, July 16.-It is stated at the First Ns. tional bank that as soon as the Howells' affairs are straightened out it will advance them money to begin business again.


Article from Deseret Evening News, July 17, 1891

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Article Text

A Bank in the Hands of an Examiner. KANSAS CITY, July 16.-The first National Bank of Wyandotte, or Kansas City, Kans., suspended today and is in the hands ofthe bank examiner. President Wilson is very reticent concerning the cause of failure and the condition of the bank. He says, however, that the assets are $200,000 and the llabilities $100,000. Much of the assets, which were supposed to be gilt-edged, are of such nature, hesays, as to prevent rapid realization. Last fallthe bank became involved in the affairs of the Husted Investment Company and was in a shaky condition. The institutions at that time consolidated with the Exchange National Bank and was believed to have tidedover the difficulties. It is generally believed that the liabilities are considerably over $100,000, innsmuch as the city of Kansas City, Kans., has on deposit in the bank about $60,000.


Article from The Morning Call, July 17, 1891

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Article Text

CLOSED DOORS. Suspension of a National Bank in Kansas City, Kans. KANSAS CITY (Mo.), July 16.-The First National Bank of Wyandotte, or Kansas City, Kans., suspended to-day, and is in the hands of the Bank Examiner. President Wilson is very reticent concerning the cause of failure and the condition of the bank. He does say, however, that the assets are $200,000 and the liabilities $100,000. Much of the assets which were supposed to be gilt-edged are of such a nature, he says, as to prevent rapid realization. Last fall the bank became involved in the affairs of the Husted Investment Company, and was in a shaky condition. The institution at that time consolidated with the Exchange National Bank, and it was believed it had tided over its difficulties. It is generally believed the liabilities are considerably over $100,000, inasmuch as the city of Kansas City, Kans., had on deposit in the bank about $60,000.