6001. Farmers & Stockmens State Bank (Manhattan, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1930*
Location
Manhattan, Kansas (39.184, -96.572)

Metadata

Model
gpt-5-mini
Short Digest
0b6415d0441ed835

Response Measures

None

Description

OCR-corrected name and phrasing from articles. Newspapers (Sept 16 & 18, 1930) report the bank closed in September 1930 and a receiver (Rhine) was appointed because of 'frozen loans' (bad loans). No mention of a depositor run in the texts provided—closure appears driven by bank-specific adverse loan problems, followed by receivership.

Events (2)
1. September 1, 1930* Receivership
Newspaper Excerpt
Rhine been appointed receiver ... Mr. Rhine was the receiver of the Farmers' Stockmen's State bank Manhattan ... handling the affairs of that bank.
Source
newspapers
2. September 1, 1930* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed in September 1930 due to 'frozen loans' (bad/illiquid loans).
Newspaper Excerpt
The clos was caused by frozen loans and action the board ... The bank capitalized at ...
Source
newspapers

Newspaper Articles (2)
1. September 16, 1930 The Morning Chronicle Manhattan, KS
Article from The Morning Chronicle, September 16, 1930

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Article Text

APPOINT BANK RECEIVER Rhine, been appointed receiver the Stockdale Farmer's which its doors September The closwas caused by "frozen loans' and action the board of The bank capitalized at plus of and deposits Bills payable and bills rediscounted amounted aggregated Rhine the receiver the Farmers' Stockmen's State bank Manhattan creditwith unusually successful cord handling the affairs of bank.

2. September 18, 1930 Manhattan Republic Manhattan, KS
Article from Manhattan Republic, September 18, 1930

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Article Text

BANK RECEIVER Manhattan, appointed receiver the Stockdale Farmer's which doors September The clos caused by "frozen the board of bank at with of deposits 000. Bills payable counted and aggregated Mr. Rhine was the receiver of the Farmers' Stockmen's bank Manhattan and with unusually handling the affairs of that