Citizens Bank (Topeka, KS)

Episode Information

Episode UID
4263766390938
Episode Type
Run → Suspension → Unsure
Bank Type
state
Bank ID
426376639 hash
Start Date
February 1, 1878
Location
Topeka, Kansas (39.048, -95.678)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
45c3bf78b4c4a52c

Response Measures

None

Description

Article states the bank was expected to resume in ten days; final outcome not reported here.

Events (2)
1. February 1, 1878 Run
Cause
Local Banks
Cause Details
Heavy withdrawals following failures/trouble at the local savings institution and other local bank distress; deposits fell ~36% in January.
Newspaper Excerpt
The Citizens' Bank of Topeka closed its doors this morning, owing to the great reduction in deposits which have decreased thirty-six per cent. during January.
Source
newspapers
2. February 1, 1878 Suspension
Cause
Local Banks
Cause Details
Closed due to sharp reduction in deposits and follow-on effects from a savings bank failure in Topeka.
Newspaper Excerpt
The Citizens Bank closed its doors, but they only owe $26,000 and will be able to resume in ten days.
Source
newspapers

Newspaper Articles (2)
1. February 2, 1878 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 2, 1878

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Article Text

PORT JARVIE, N. Y., February 1.-There was a run on the Port Jarvis Savings Bank to-day. Deposits of less than $100 paid; on larger ones the 30 days rule enforced. TOPEKA, February 1.-There has been but little excitement here to-day. The Citizens Bank of North Toepka closed its doors, but they only owe $26,000 and will be able to resume in ten days. The other banks paid all demands. The Topeka National has been heavily reinforced with currency, and fears no troubles.

2. February 7, 1878 The Leavenworth Weekly Times Leavenworth, KS
Article from The Leavenworth Weekly Times, February 7, 1878

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Article Text

TOPEKA. Particulars of the Savings Bank Failure. Its Assets and Liabilities-How the Depositors Will Probably Come Out. NUMBER TWO. The Citizens' Bank of Topeka Follows in the Lead of the Savings Institution, and Closes Its Doors. Special to the Leavenworth TIMES.] TOPEKA, February 1.-The Citizens' Bank closed its doors this morning, owing to the great reduction in deposits which have decreased thirty-six per cent. during January. The amount of deposits is now about $26,000, and the depositors will be g d paid in full. Mr. Thomas, the cashier, e thinks that he can pay twenty-five per cent. 0. in ten days, and the balance in a few weeks. 1. No other bank has suspended to-day, and & there is no probability of further trouble. A committee of the creditors of the Topeka Bank and Saving Institution have been at e work all day d INVESTIGATING THE AFFAIRSOF THE BANK, and are still at it. Not having yet comJ. pleted their work, they will report some time to-night, or in the morning. It is believed that the accounts of the bank are in first class condition.