Article Text
A LEON BANK CLOSES The doors of the Farmers State Bank of Leon, Kan., were closed last Thursday, Apr. 3. A slow run on the bank was said to be the cause of the failure.
5980. Farmers State Bank (Leon, KS)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- April 3, 1930
- Location
- Leon, Kansas (37.690, -96.782)
Metadata
- Model
- gpt-5-mini
- Short Digest
4f9b52727fed0f34
Response Measures
None
Description
Articles report a slow run that led to the bank closing on Apr 3, 1930; the bank was taken into receivership (A. W. Ray) and depositors received partial payments in August 1930. The bank did not resume normal business; later (1932) there are dividend payments reported. Closure is described as voluntary but was prompted by the run; classified as run leading to suspension and permanent closure (receivership).
Events (5)
1.
April 3, 1930
Run
- Cause Details
- Newspaper states a slow run on the bank precipitated problems; no specific rumor or external bank failure is identified.
- Measures
- Bank closed doors (see suspension) — no other rescue measures reported in the articles.
- Newspaper Excerpt
- A slow run on the bank was said to be the cause of the failure.
- Source
- newspapers
2.
April 3, 1930
Suspension
- Cause Details
- Bank voluntarily closed following the run; articles describe it as a voluntary closing related to the run.
- Newspaper Excerpt
- The doors of the Farmers State Bank of Leon, Kan., were closed last Thursday, Apr. 3.
- Source
- newspapers
3.
April 17, 1930
Receivership
- Newspaper Excerpt
- Thursday morning A. W. Ray took charge of the Farmers State Bank as receiver. This bank was voluntarily closed two weeks ago.
- Source
- newspapers
4.
August 14, 1930
Other
- Newspaper Excerpt
- the Farmers state at Leon $10,000 on August 14 (paying depositors).
- Source
- newspapers
5.
January 16, 1932
Other
- Newspaper Excerpt
- on 25 the Farmers State Leon will receive per cent (appears in a list of bank dividends); indicates later dividend/distribution activity.
- Source
- newspapers
Newspaper Articles (4)
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Article Text
A. W. RAY, RECEIVER Thursday morning A. W. Ray took charge of the Farmers State Bank as receiver. This bank was voluntarily closed two weeks ago. E. J. Boland, president and A. W Ray, one of the four directors of the bank, have been in Topeka, a couple of days this week conferring with State Bank officials, in regard to settlement of the affairs of the bank. Mr. Ray is well fitted by his business experience to handle the affairs of the bank in an excellent and satisfactory manner. FOR SALE- Cabbage plants at 10c per dozen or 3 dozen for 25c. At the News Office.
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Article Text
TO PAY DEPOSITORS Topeka, Aug. W. Johnstate bank receiver, will pay $4,900 to depositors of the New Cambria state bank. This makes 91 per cent. Aug. 6, the Hartford bank will be paid The state bank will be paid $8,200 on Aug. 11, the Sawker City Commercial state per cent on August and the Farmers state at Leon $10,000 on August 14. FIND WAY HOME Hutchinson, Aug. pigeons have reputation of able to find their back home, but McCurdy has land terrapin with the same homing instinch. Four times the turtle has been taken into the country and always turns to the McCurdy home. FORCED LANDING Hutchinson, Aug. treesitting veteran to make forced landing day when his parents moved to another home. Bill Repass had mark of 27 hours aloft when he was forced to descend. FACES MURDER CHARGE Emporia, Aug. warrant charging Willie Dixon, colored, with murder in connection with death Rock Thomas Bushong Saturday has been sued. Dixon has been located, believed. NEW SIGNS UP new steel pendant sign luminated at night by four electric lights was erected yesterday the Standard Oil station. New store signs were placed over the Palace and Roberts Groceries this week. BONE IN THROAT Aug. Johnson taken to Wichita hospital this week for the removal sliver of bone which stuck his throat while he was eatpork chops. A GIRL DROWNS Independence, Aug. Marie Enders, 23 years old, was in the Verdigris yesterday when launch swamped, throwing seven occupants into the water.
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Article Text
NEW BANK DIVIDENDS Topeka, Jan. Johnson, state bank make in full to Tyro State bank of money they had on deposit last May when the bank closed. On 16 the Citizens State of betha will receive final cent dividend. On the Commercial State of will be paid per cent, on 25 the Farmers State Leon will receive per cent and on Jan. 28 the Manhattan State will receive 25 per cent.