Kansas National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9293
Charter Number: 9293
Start Date: February 9, 1932
Location: Kansas, Illinois (39.553, -87.939)

Metadata

Model: gpt-5-mini
Short Digest: eeac78ab

Response Measures

None

Receivership Details

Depositor recovery rate: 82.2%
Date receivership started: 1930-12-17
Date receivership terminated: 1936-09-19
OCC cause of failure: Economic conditions
Share of assets assessed as good: 51.6%
Share of assets assessed as doubtful: 41.0%
Share of assets assessed as worthless: 7.4%

Description

Article (Feb 9, 1932) describes legal action by the receiver for the Kansas National Bank, Kansas, Ill. OCR errors in the clipping (e.g., Na. Menal = National) were corrected. There is no mention of a depositor run; the presence of a receiver indicates the bank was closed and in receivership, so classification is suspension_closure.

Events (4)

1. December 11, 1908 Chartered

Source: historical_nic

2. December 17, 1930 Receivership

Source: historical_nic

3. February 9, 1932 Other

Newspaper Excerpt: BANK RECEIVER SUES ON INSURANCE POLICY - William Fanning... named as defendants in suit filed ... by Fulton Kauf[man], receiver for the Kansas National Bank ... suit was filed for the purpose [of recovering] money alleged by the receiver to have been borrowed...
Source: newspapers

4. February 9, 1932 Receivership

Newspaper Excerpt: suit filed Friday morning in the United States district court here by Fulton Kaufreceiver for the Kansas National Bank, Kansas, Ill.
Source: newspapers

Newspaper Articles (1)

1. February 9, 1932 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, February 9, 1932

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Article Text

BANK RECEIVER SUES ON INSURANCE POLICY Danville, Ill., Feb. 9.-William Fanning, formerly of Oakland, and the Equitable Life Insurance Company of Iowa were named as defendants in suit filed Friday morning in the United States dis. trict court here by Fulton Kaufreceiver for the Kansas Na. Menal Bank, Kansas, III. was filed for the purpose money alleged by the receiver to have been borrowed by William Fanning, who deposited life insurance policy colThe amount borrowed aggregated according to the receiver.