5745. Dexter State Bank (Dexter, KS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
June 14, 1901
Location
Dexter, Kansas (37.177, -96.714)

Metadata

Model
gpt-5-mini
Short Digest
e5888e6f5dae3a66

Response Measures

None

Description

Articles (June 1901) report major embezzlement by cashier J. H. Watkins, his suicide, and application/appointment of a receiver to close the bank. No mention of a depositor run; bank is placed in receivership and wound up.

Events (2)

1. June 14, 1901 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Examination revealed cashier J. H. Watkins had defalcations/shortage over $15,000 tied to cattle deals; he admitted false entries and later committed suicide.
Newspaper Excerpt
Attorney General Godard prepared an application to the district court of Cowley county for a receiver for the Dexter State Bank today. Bank Commissioner Albaugh... examination shows Cashier Watkins' accounts short over $15,000.
Source
newspapers
2. June 18, 1901 Receivership
Newspaper Excerpt
J. F. Balliet has been appointed receiver of the Dexter State bank by Judge McBride of the Cowley county district court. Mr. Balliet will close the affairs of the bank, taking immediate charge of the institution wrecked by Cashier J. H. Watkins, who committed suicide.
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, June 14, 1901

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Article Text

LOST ON CATTLE. Dexter Banker's Peculations Amount to Over $15,000. Attorney General Godard prepared an application to the district court of Cowley county for a receiver for the Dexter State Bank today. Bank Commissioner Albaugh, who has just returned from there says that the examination shows Cashier Watkins' accounts short over $15,000. Watkins tried to tide over the examination of his bank by making arbitrary charges. on customers' accounts so that his deposits showed $24,000 when they really footed $40,000. The deputy examiners penetrated one or two of the false entries on Monday afternoon and Watkins admitted to them. They quit the examination for the day and sent for President Merydith to be present when the work was resumed in the morning at 7:30 o'clock. Watkins went to the bank at 6 o'clock next morning and shot himself in the building before the others arrived. Watkins was involved in cattle deals and it is presumed his defalcations were used up in that business.


Article from The Topeka State Journal, June 18, 1901

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Article Text

Balliet in Charge. J. F. Balliet has been appointed receiver of the Dexter State bank by Judge McBride of the Cowley county district court. Mr. Balliet will close the affairs of the bank, taking immedlate charge of the institution wrecked by Cashier J. H. Watkins, who committed suicide