5701. Fidelity State Bank (Chanute, KS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
June 1, 1926*
Location
Chanute, Kansas (37.679, -95.457)

Metadata

Model
gpt-5-mini
Short Digest
60db21c218554249

Response Measures

None

Description

Articles report the Fidelity State Bank of Chanute failed and a receiver (Parks Helmick) was appointed in 1926; later dividend payments to depositors are reported in 1929. No mention of a depositor run in the articles. Cause of suspension/failure not specified in the texts (treated as 'other').

Events (4)

1. June 1, 1926* Suspension
Cause Details
Articles do not specify an immediate trigger or cause for the suspension/failure.
Newspaper Excerpt
Parks Helmick... has been named receiver for the defunct Fidelity State Bank in Chanute.
Source
newspapers
2. June 23, 1926 Receivership
Newspaper Excerpt
IS BANK RECEIVER Parks Helmick, former Council Grove man, has been named receiver for the defunct Fidelity State Bank in Chanute.
Source
newspapers
3. August 12, 1929 Other
Newspaper Excerpt
The Fidelity State of 13 per cent, totaling $38,900. The bank of Chanute, final dividend 1926. August 16-The Zarah State bank ... (dividend notice).
Source
newspapers
4. October 1, 1929 Other
Newspaper Excerpt
A final dividend of ... will be paid for the Fidelity state of Chanute, amounting to $32,900.
Source
newspapers

Newspaper Articles (4)

Article from Council Grove Republican, June 23, 1926

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Article Text

IS BANK RECEIVER Parks Helmick, former Council Grove man, has been named ceiver for the defunct Fidelity State Bank in Chanute. Old residents will remember the Helmick family for whom the Missouri Pacific named its first station west the county seat.


Article from The Parsons Daily Sun, March 9, 1928

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Article Text

lett have returned home after a short business trip to Parsons. Mr. and Mrs. W. E. Smith of Dudley, who visited with friends in the city for a brief time have returned home. a teacher in the Burlington high school. John Dunlavy, retired farmer, died Monday at Ottawa. He was 57 years old and is survived by his wife. Judge and Mrs. E. S. Estes of Caney yesterday observed their sixty-first wedding anniversary. Mr. and Mrs. O. W. Olson and son, Jesse Olson of Chanute were called to Lawrence Saturday by the critical illness of their son and brother, Everett L. Olson, a student at Kansas university. He was operated on for acute appendicitis and for several days little hope was held out for his recovery, but he is now improved. George Howke of Chanute died of stroke of paralysis yesterday in his home as he was sitting in a chair reading and smoking. He was 59 years old and was born in Chanute. The body of Dr. S. R. Swan, who died Denver, Colo., was buried Thursday at Burlington. A sister, Mrs. M. J. Prather, lives there. The contract for graveling three miles east of Gridley on the Burlington-Gridley road was awarded to E. L. Powers of Gridley by the board of Coffey county commissionrs Monday afternoon at $4,136.94. A raid at Mildred by members of the Allen county force Monday night netted the top of still and an empty jug. No other arrests were made. Within a few months, Parks Helmick, receiver for the failed Fidelity State bank at Chanute, will advertise the outstanding notes to be sold to the highest bidder at auction. This is the last step in closing up the affairs of the defunct bank, the receiver having collected all that seems possible without added expense. Contract for the construction of the new Santa Fe freight and passenger station at Pittsburg has been let to the Lungren and Carlson Construction company of To-


Article from The Hutchinson News, August 2, 1929

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Article Text

Dividends Scheduled for Failed Bank Depositors W. Johnson, state receiver for fall. ed banks, today announced dividends will be paid depositors of the following banks on the dates given: August 6-The Neosho Rapids State Bank. a second division of 20 per cent totaling $6,500. The bank failed November 2. 1928 Aug 10-The Farmers State bank of Hartford. first dividend of 40 per cent amounting to $53,140. The bank closed its doors July 3, 1928. August 12-The Fidelity State of 13 per cent, totaling $38,900. The bank of Chanute, B final dividend 1926. August 16-The Zarah State bank bank suspended operation June 14, falled September 22.


Article from Council Grove Republican, October 1, 1929

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Article Text

TO PAY DEPOSITORS Topeka, Oct. Johnson, state bank receiver will pay dividend to depositors of the Farmers bank of Bird City on Oct. 15. will be 20 per cent or A findividend of per cent will be paid for the Fidelity state of Chanute, amounting to $32,900. 10 per cent dividend will be paid the Burlington state bank. It is $12,600 and makes total of 80 per cent. The Citizens of Claflin will receive their first dividend of 69,000, or 50 per cent on Oct. 25.