Kansas City Trust Company (Kansas City, MO)

Episode Information

Episode UID
5633515991523
Episode Type
Run → Suspension → Unsure
Bank Type
trust
Bank ID
563351599 hash
Start Date
November 13, 1926
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f90263ad64c178c9

Response Measures

None

Description

Article states heavy runs prompted board action and placement with state finance commissioner; no follow-up on reopening or receivership provided.

Events (2)
1. November 13, 1926 Run
Cause
Local Banks
Cause Details
Heavy withdrawals (runs) occurred, apparently affecting this and another local institution and precipitating action.
Measures
None specified beyond subsequent placement of the bank in hands of the state finance commissioner.
Newspaper Excerpt
Heavy runs by depositors in caused the believed the protected
Source
newspapers
2. November 13, 1926 Suspension
Cause
Government Action
Cause Details
Board of governors closed the bank and placed it in the hands of the state finance commissioner after heavy runs by depositors.
Newspaper Excerpt
Kansas City Trust Company suspends ... board of governors voted to place the institution in the hands [of] the state finance commissioner.
Source
newspapers

Newspaper Articles (2)
1. November 13, 1926 Democrat and Chronicle Rochester, NY
Article from Democrat and Chronicle, November 13, 1926

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Article Text

KANSAS CITY TRUST COMPANY SUSPENDS Kansas City, Nov. sociated Federal Company of with $2,000,000. was to-day by the board of governors the institution the hands the finance commisHeavy by depositors in caused the believed the protected The trust company general banking business AIR PASSENGER KILLED. Van the Press) Donald Rossiter. 21. Los Angeles, killed the Pacific Air Transportation Company from an altitude 3,800 feet into Whitley south early to-day. The Charles E. Widmer, also of Los jumped to safety his parachute.

2. November 13, 1926 Record-Journal Meriden, CT
Article from Record-Journal, November 13, 1926

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Article Text

Big Kansas City Bank Is Closed By Governors Kansas City, Nov. Federal company KanCity, deposits of about closed late today the board of governors votto place the in the hands the state finance commissioner. Heavy runs by depositors in the two caused move, Laughlin, president, declarsaid the board believed the were amply protected. The trust company did general banking business.