5937. First National Bank (Kinsley, KS)

View Charter #3759 on SPMC

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
3759
Charter Number
3759
Start Date
February 15, 1894
Location
Kinsley, Kansas (37.923, -99.410)

Metadata

Model
gpt-5-mini
Short Digest
a454726eb74b1d6e

Response Measures

None

Description

Stockholders voted on Feb 15, 1894 to voluntarily terminate the National charter, pay deposits, and reorganize under state law as 'The Kinsley Bank' under the same management. No run is described. A separate receivers' sale notice (Mar 1894) appears in a suit where a receiver will sell property; this is likely a judicial receivership in a suit where the bank is plaintiff/claimant, not evidence the bank itself was put in receivership.

Events (5)
1. July 25, 1887 Chartered
Source
historical_nic
2. February 15, 1894 Reopening
Newspaper Excerpt
Realizing the necessity of having a bank continued in this county, we have organized, under our state laws, a bank with a smaller capital ... with the title of The Kinsley Bank ... the officers remaining unchanged. We shall continue the banking business in all its branches ... We are the Kinsley Bank, By R. E. EDWARDS, President, F. B. HINE, Cashier.
Source
newspapers
3. February 15, 1894 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to voluntarily terminate the National charter and pay out all deposits in order to reorganize under state law with smaller capital as 'The Kinsley Bank'.
Newspaper Excerpt
it was unanimously voted to voluntarily terminate their existence as a National Bank ... To accomplish this we are required to pay all our deposits, and we hereby request all parties having money in our hands ... to call immediately and get their money.
Source
newspapers
4. February 15, 1894 Voluntary Liquidation
Source
historical_nic
5. March 26, 1894 Other
Newspaper Excerpt
Notice is hereby given that I D. M. Lewis, receiver herein, will, on Monday, the 26th day of March 1894, at 2 o'clock P. M., ... offer for sale and sell to the highest bidder for cash, all of the property held by me as receiver herein ... D. M. LEWIS, Receiver.
Source
newspapers

Newspaper Articles (3)
1. February 16, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, February 16, 1894

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Article Text

NOTICE TO FRIENDS AND CUSTOMERS At a meeting of the stockholders of the First National Bank, held at their office on February 15th, it was unanimously voted is voluntarily terminate their existence as a National Bank and pay a dividend of $40,000 from their capital stock to the stockholders. We have taken this step because the limited amount of banking business in this section does not pay the expenses incident to the National system and 1 ave us a reasonable interest on the amount of capital required by law to be invested in order to retain a National charter. To accomplish this we are required to pay all our deposits, and we hereby request all parties having money in our hands either in open aecounts or time certificates to call immediately and get their money. Realizing the necessity of having a bank continued in this county, we have organized, under our state laws, a bank with a smaller capital which we can run with largely lessened expenses and shall continue under the same management with the title of The Kinsley Bank, its stock being owned entirely by the present holders of the National Bank in the same proportions and the officers remaining unchanged. We shall continue the banking business in all its branches and promise our friends and customers to at all times furnish them every accomodation in our power and be safe custodians of all funds and business entrusted to our care. Thanking our many friends and customers for past favors and soliciting a continuance of your business, We are the Kinsley Bank, By R. E. EDWARDS, President, F B. HINE, Cashier.

2. February 23, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, February 23, 1894

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Article Text

NOTICE TO FRIENDS AND CUSTOMERS At a meeting of the stockholders of the First National Bank, held at their office on February 15th, it was unanimously voted to voluntarily terminate their existence as a National Bank and pay a dividend of $40,000 from their capital stock to the stockholders. We have taken this step because the limited amount of banking business in this section does not pay the expenses incident to the National system and 1 ave us a reasonable interest on the amount of capital required by law to be invested in order to retain a National charter. To accomplish this we are required to pay all our deposits, and we hereby request all parties having money in our hands either in open accounts or time certificates to call immediately and get their money. Realizing the necessity of having a bank continued in this county, we have organized, under our state laws, a bank with a smaller capital which we can run with largely lessened expenses and shall continue under the same management with the title of The Kinsley Bank, its stoek being owned entirely by the present holders of the National Bank in the same proportions and the officers remaining unchanged. We shall continue the banking business in all its branches and promise our friends and customers to at all times furnish them every accomodation in our power and be safe custodians of all funds and business entrusted to our care. Thanking our many friends and customers for past favors and soliciting a continuance of your business, We are the Kinsley Bank, By R. E. EDWARDS, President, F. B. HINE, Cashier.

3. March 23, 1894 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, March 23, 1894

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Article Text

NOTICE OF RECEIVER'S SALE. In the district court of Edwards county, state of Kansas. First National Bank of Kinsley, plaintiff, VS W. H. French, et al, defendents. Notice is be eby given that I D. M. Lewis, receiver herein, will, on Monday, the 26th day of March 1894, at 2 o'clock P. M., at the east door of the court house in Kinsley, offer for sale and sell to the highest bidder for cash, all of the property heid by me as receiver herein consisting of horses, farm implements, the Kinsley Graphic newspaper and printing office, including all type, presses, office furniture and material of every description in said office, and all bills and accounts due said Kinsley Graphic. to satisfy the claim of plaintiff under the orders of this court. D. M. LEWIS, Receiver.