5808. Frontenac State Bank (Frontenac, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 1, 1926*
Location
Frontenac, Kansas (37.456, -94.689)

Metadata

Model
gpt-5-mini
Short Digest
6669e1529e440721

Response Measures

None

Description

The June 1926 article reports the Frontenac State Bank was suspended/closed by order of its board. A later 1928 article links criminal convictions to the bank's failure in June 1926, supporting that the suspension led to permanent failure/closure rather than a temporary suspension and reopening.

Events (2)
1. June 1, 1926* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board of directors ordered suspension and subsequent reporting and later articles link the institution's failure to criminal charges against its former president, indicating adverse bank-specific problems.
Newspaper Excerpt
Frontenac state bank was closed today. ... The bank was suspended by order of the board of directors and no reason has been given the banking department yet.
Source
newspapers
2. December 15, 1928 Other
Newspaper Excerpt
conviction ... in connection with the failure of the Frontenac State bank June, 1926. ... was sentenced to term of three to years in the Kansas penitentiary ... McGinley was released on bond,
Source
newspapers

Newspaper Articles (2)
1. June 4, 1926 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, June 4, 1926

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Article Text

STATE BASK CLOSES Topeka June Frontenac state bank was closed today. McGinley, president of the State Bankers Association is cashier of the institution. The bank was suspended by order of the board of diretcors and no reason has been given the banking department yet.

2. December 15, 1928 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, December 15, 1928

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Article Text

BANKER IS SENTENCED TO TERM IN PRISON PITTSBURG. Kan., Dec. former president of the Kansas State Bankers association. today was sentenced to term of three to years in the Kansas penitentiary conviction ment charges in connection with the failure of the Frontenac State bank June, 1926. His attorneys filed notice appeal the Kansas supreme court and McGinley was leased bond,