6068. Harvey County State Bank (Newton, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 24, 1929
Location
Newton, Kansas (38.047, -97.345)

Metadata

Model
gpt-5-mini
Short Digest
056c6ebfd93f0549

Response Measures

None

Description

The bank closed its doors on August 24, 1929 and was placed in receivership; subsequent articles discuss receiver payments/dividends in Dec 1929 and Nov 1930. No run is described in the articles.

Events (3)
1. August 24, 1929 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in state receivership (state receiver W. Johnson announced dividends).
Newspaper Excerpt
The bank closed August 24, 1929.
Source
newspapers
2. December 7, 1929 Receivership
Newspaper Excerpt
A first dividend of 40 per cent totaling $53,000 will be paid depositors of the Harvey County State bank, Newton, December 7. The bank closed August 24, 1929.
Source
newspapers
3. November 1, 1930* Receivership
Newspaper Excerpt
Wilson, assistant receiver at the Harvey County State bank, announced ... that he would [pay a] third dividend ... Nov. ... Mr. Wilson took over the bank assistant bank receiver for the state banking department, Sept. 26, 1929.
Source
newspapers

Newspaper Articles (2)
1. November 21, 1929 The Hutchinson News Hutchinson, KS
Article from The Hutchinson News, November 21, 1929

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Article Text

Dividends to Depositors of Five Banks in December W. Johnson, state receiver for failed banks, today anhounced dividends totaling approximately $130.000 will be paid depositors of five falled Kansas banks early next month. A first dividend of 40 per cent totaling $53,000 will be paid deposItors of the Harvey County State bank, Newton, December 7. The bank closed August 24, 1929. Depositors of the State Exchange bank, of Randall. will receive a final dividend of 10.7 per cent, amounting to $16,000, December 10. The bank failed January 11, 1926. A third dividend of 15 per cent will be paid depositors of the Longton, Kan., State bank, December 11. The dividends will total $14,000. The bank failed November 28, 1928. Depositors of the Phillips County bank, Phillipsburg, will receive a second dividend of 30 per cent, December 14. The depositors will recolve approximately $34,000. The bank closed its doors February 21, 1028. A third dividend of 28 per cent will be paid depositors of the Damar, Kan, State bank, December 14. The dividends will total $13,600. The bank suspended operation August 21, 1926.

2. October 23, 1930 The Newton Journal Newton, KS
Article from The Newton Journal, October 23, 1930

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Article Text

Wilson, assistant receiver at the Harvey County State bank, nounced Thurs. that he would third dividend creditors of the bank Nov. This dividend will for and make 90 per all told that has been paid. Mr. really ready this divison was pay dend month ago, but account of adjustment of some real estate titles. This leave total of held Mr. in notes which much collect an addiwith which finish 100 cent creditors paying per bank, most whom are Newton people deposits in the bank when closed. freely dicted that neat sum, more than enough liquidate the obligations bank, will realized, and some the notes are known perfectcent dividend amount something more than the aggregate distributed among Newton people. Out the previous dividends clared, Mr. Wilson holds checks, aggregating $1,150,69, the owners which have neglected to them. This quite commentary the much discussed depression times" this community. This money lying there and only awaits calling for Discussing the affairs of the ceivership, Wilson stated that has occasion to contest claim made by creditor, and there has been dispute note he held for collection. The only preferred claims were wages and involved total Out held by the bank real estate bonds, releases of liability on the the bank have been without recourse event. Mr. Wilson took over the bank assistant bank receiver for the state banking department, Sept. 26, 1929. The had heavy rental contract which proved liability rather than He adjusted the mathowever, that he paid about for rent has collected about $3,800. Including bank closing fee the state department, salaries entire will be surprise to creditors and public to know that date, entire expense the ceivership has been but