City National Bank - Atchison, KS

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 11405
Charter Number: 11405
Start Date: October 1, 1924*
Location: Atchison, Kansas (39.563, -95.122)

Metadata

Model: gpt-5-mini
Short Digest: b3641308

Response Measures

None

Description

Article (Kansas City Star, 1929-01-22) recounts an October 1924 embezzlement by an assistant cashier (Bradley) that, when discovered, caused the withdrawal [of] $200,000 cash deposits and the loss [of] many accounts. No suspension or closure is mentioned. OCR errors in the clipping were corrected (e.g., date reference 'October, 1924', garbled wording about reserves and capital replacement). The 1929 article is about a later lawsuit related to the 1924 incident.

Events (2)

1. July 25, 1919 Chartered

Source: historical_nic

2. October 1, 1924* Run

Cause: Bank Specific Adverse Info
Cause Details: Assistant cashier Aloysius Bradley secretly withdrew/cashed $30,000 in securities (diversion/embezzlement); when discovered in Oct 1924 depositors withdrew about $200,000.
Measures: Bank increased reserves and replaced capital stock to cover losses (article notes increase in reserve and replacement of capital stock).
Newspaper Excerpt: When the loss became known October, 1924, 'run' the bank caused the withdrawal $200,000 cash deposits and the loss many accounts
Source: newspapers

Newspaper Articles (1)

1. January 22, 1929 The Kansas City Star Kansas City, MO

Article from The Kansas City Star, January 22, 1929

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Article Text

Scouts "Conspiracy" Accusation. Characterizing as "fantastic" the charge that Co. were involved in "conspiracy" with an Atchison bank employee who diverted $30,000 of the bank funds, Thomas H. Reynolds, attorney for the Kansas City brokerage company, stated his case today before Judge Willard Hall in the Independence division of the circuit court The City National Bank of Atchison suing four Strandberg-M Greevy executives jointly with Aloysius former assistant cashier in the bank for $232,000, and an interest. its petition the bank asserts Bradley withdrew $30,000 in securities "secretly and wrongfully. and cashed them for deposit with the brokerage concern for use as margins in speculations. When the loss became known October. 1924. "run" the bank caused the withdrawal $200,000 cash deposits and the loss many accounts Subsequently, the bank states, it had to keep much larger on hand and place its capital stock to the extent of Bradley has served term in the Kansas for his tion funds and now at liberty. accusing the brokerage company, the bank's petition alleges the company, in accepting Bradley's securities, was dealing futures, form of gambling very alluring to the unReynolds said today the company its dealings with Bradley good faith. having no knowledge he was not entitled to the securities he Defendants named are Alva Strandberg, Milton C. McGreevy Oscar F. Lander, Edgar Hess and Bradley. The damages are asked follows: the value of the securities; $100,000, loss of business; $50,000 increase in reserve, and $52,000 necessary replacement of capital stock.