5945. Farmers State Bank (Larned, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 30, 1922
Location
Larned, Kansas (38.181, -99.099)

Metadata

Model
gpt-5-mini
Short Digest
a0cb4fa163edacd9

Response Measures

None

Description

Articles report the Farmers State Bank of Larned as defunct and name P. A. Moyers appointed receiver (Sept 30, 1922). No article mentions a depositor run; failure appears due to alleged embezzlement by the bank president (W. L. Earl), who was later arrested. I classify this as a suspension leading to permanent closure (receiver assigned). The record does not explicitly state a prior suspension phrase, but the bank is closed and in receivership, which fits suspension_closure.

Events (2)
1. September 30, 1922 Receivership
Newspaper Excerpt
P. A. Moyers ... received notice of his appointment as receiver for the defunct Farmers' State bank in Larned and will go there tomorrow to begin his duties.
Source
newspapers
2. November 6, 1922 Other
Newspaper Excerpt
W. L. Earl, former president of the defunct Farmers State Bank of Larned, was arrested ... charging embezzlement of $26,000 in connection with the failure of the bank.
Source
newspapers

Newspaper Articles (3)
1. September 30, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, September 30, 1922

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Article Text

MOYERS IS NAMED RECEIVER. Smith Center Man Will Take Charge of Bank at Larned. Smith Center, Kan., Sept. 30.-P. A. Moyers, an experienced banker of this city, today received notice of his appointment as receiver for the defunct Farmers' State bank in Larned and will go there tomorrow to begin his duties. Mr. Moyers was cashier of the Smith County State bank 127 this city for many years prior to last spring, when the bank changed hands.

2. November 6, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, November 6, 1922

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Article Text

# BANK HEAD UNDER ARREST W. L. Earl, of Larned, Is Charged With Embezzlement. Larned, Kan., Nov. 6.-W. L. Earl, former president of the defunct Farmers State Bank of Larned, was arrested Saturday night on two complaints, a total of eight counts charging embezzlement of $26,000 in connection with the failure of the bank. A bond in the sum of $15,000 on each of the two complaints was fixed which he was unable to furnish and he was committed to jail. The complaints were sworn to by I. A. Webb, former president and director of the bank when it failed, and W. S. Young, also a director of the bank at the time of the failure. Earl previously had been arrested charged with falsification of the bank's records and at present is under bond for his appearance at the November term of the Pawnee county district court in the sum of $10,000. Earl is generally blamed for the failure of the bank, which now is in the hands of a receiver.

3. November 9, 1922 Abilene Weekly Reflector Abilene, KS
Article from Abilene Weekly Reflector, November 9, 1922

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Article Text

ARREST BANK PRESIDENT / Larned, Nov. 6.-W. L. Eart, formerly president of the defunct Farmers' State benk of Larned, was arrested Saturday night on two complaints, a total of eight counts, charging embezzlement of $26,000 in connection with the failure of the bank. A bond of $15,000 on each of the two complaints was fixed. but he was unable to furnish the amounts and was committed to jail. The complaints were sworn to by I. A. Webb, a director of the bank when it failed, and W. S. Young, also a director of the bank at the time of the failure. Earl previously had been arrested, charged with falsification of the bank's records and at present is under $10,000 bond' for his appearance at the November term of the Pawnee County district court. Earl is blamed generally for the failure of the bank, which is now in the hands of a receiver.