National State Bank - Stockton, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8274
Charter Number: 8274
Start Date: November 14, 1927
Location: Stockton, Kansas (39.438, -99.265)

Metadata

Model: gpt-5-mini
Short Digest: e0395f56b1438863

Response Measures

None

Receivership Details

Depositor recovery rate: 55.6%
Date receivership started: 1927-11-14
Share of assets assessed as good: 23.7%
Share of assets assessed as doubtful: 45.3%
Share of assets assessed as worthless: 31.0%

Description

Article (Nov 14, 1927) reports the Stockton National State Bank was closed by its directors and turned over to the state banking department because of 'frozen assets'; two state examiners placed in charge. No run or reopening is mentioned. I classify this as a suspension leading to permanent closure.

Events (3)

1. June 22, 1906 Chartered

Source: historical_nic

2. November 14, 1927 Receivership

Source: historical_nic

3. November 14, 1927 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed because of 'frozen assets' (insolvency or illiquid assets); directors turned bank over to state banking department.
Newspaper Excerpt: The Stockton National State bank was closed by its directors today and turned over to the state banking department. Frozen assets were given as the reason for closing. ... Two state examiners were placed in charge
Source: newspapers

Newspaper Articles (1)

1. November 14, 1927 The Kansas City Post Kansas City, MO

Article from The Kansas City Post, November 14, 1927

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Article Text

NATIONAL STATE BANK OF STOCKTON CLOSES STOCKTON. KAS., Nov. 14.-The Stockton National State bank was closed by its directors today and turned over to the state banking department. The bank was capitalized for $50,000. Frozen assets were given as the reason for closing. F. Coolbaugh was president the bank. Two state examiners were placed in charge LODGE INVITES EASTERN STAR. Eastern Star night will be observed at the meeting of Job's Daughters, bethel No. 7. tonight in the Masonic temple, Ninth and Harrison streets. Members of the Eastern Star are invited to witness the exemplification of the ritualistic work of the Job's Daughters. The bethel will give a dance at 4050 Main street next Saturday night and on the following Saturday will hold bazar and chicken dinner at the Masonic temple November 28 will be Dad's night, with initiation ceremonies. BOY IMPROVES IN HOSPITAL Walter Baker, 6-year-old boy, whose right leg was amputated Saturday night under the light of flashlights after the general hospital lighting system had failed, is improved today in the hospital. His right leg was crushed when he attempted to board moving freight WHITE ROSE train near Independence road and the Blue river. He is the son of Mrs. Marie Baker. 8115 Independence road.