6272. Exchange State Bank (Wichita, KS)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
September 20, 1922
Location
Wichita, Kansas (37.692, -97.338)

Metadata

Model
gpt-5-mini
Short Digest
ce8e6937cc5371e8

Response Measures

None

Description

Newspapers report Exchange State Bank (Wichita) was among ten state banks closed and placed under control of the state bank commissioner (receiver). Subsequent article describes the bank as defunct with a receiver paying dividends, indicating permanent closure and receivership. No run is described in the articles.

Events (2)

1. September 20, 1922 Suspension
Cause
Government Action
Cause Details
Closed and placed under control of the state bank commissioner; B. V. Curry named official receiver for the group.
Newspaper Excerpt
The ten banks under state control ... Exchange State bank, Wichita ...
Source
newspapers
2. November 27, 1922 Receivership
Newspaper Excerpt
Depositors of the defunct Exchange State Bank probably will be given a receiver's dividend of 15 per cent... A. L. Wright, receiver, announced yesterday ... to issue a second dividend on the $170,000 deposits in the bank. (Wichita, Nov. 27). } } ]
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, September 20, 1922

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Article Text

STATE CONTROLS TEN BANKS B. V. Curry Is Official Receiver for All Institutions. Ten state banks are now closed and under control of the state bank commissioner. B. V. Curry, an assistant bank commissioner, is the official receiver of all ten of these institutions. In addition to the ten, there are nine banks in the state now operating under individual receivers. The ten banks under state control and of which Mr. Curry is receiver: Farmers' State bank, Washington. State Savings bank, Leavenworth. Farmers' State bank, Quenemo. C. M. Condon & Co., State bank, Oswego. Traders' State bank, Arkansas City. Citizens State bank, Geuda Springs. Exchange State bank, Wichita, State bank of Hope. Citizens' State bank, Harper. Farmers State Bank, Belmont. Mr. Curry has just been appointed receiver of the Citizens State Bank of Harper, the last bank to be closed by State Bank Commissioner Foster. Following -are the institutions now operating under private receivers: Citizens State Bank, Manhattan. People's State Bank. Salina. Broeker-Lefferdink Bank, Salina. Farmers and Merchants Bank, Pawnee Rock. Farmers State Bank, McCune. Viola State Bank, Viola. Aulne State Bank, Aulne. Hanover State Bank, Hanover. Farmers State Bank, Spring Hill.


Article from Abilene Weekly Reflector, November 30, 1922

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Article Text

MAY RECEIVE MORE Wichita, Nov. 27.-Depositors of the defunct Exchange State Bank probably will be given a receiver's dividend of 15 per cent, $23,500, as a Christmas present. A. L. Wright, r ceiver, announced yesterday that every effort is being made to issue a second dividend to apply on the $170,000 deposits in the bank.