Citizens State Bank - Chanute, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 17, 1916
Location: Chanute, Kansas (37.679, -95.457)

Metadata

Model: gpt-5-mini
Short Digest: 215923fc

Response Measures

None

Description

The bank was closed by a special bank examiner more than a year before the 1916 article and is described as 'defunct' with a receiver paying dividends, indicating permanent closure and receivership (government action). No run is mentioned.

Events (2)

1. November 17, 1916 Receivership

Newspaper Excerpt: S. G. Pottle, receiver of the Citizens State bank of Chanute ... announced today that December 18 he will pay a 25 per cent dividend to the depositors and creditors of the bank.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Closed by M. A. Thompson, special bank examiner of Kansas (regulatory action)
Newspaper Excerpt: was closed more than a year ago by M. A. Thompson, special bank examiner of Kansas
Source: newspapers

Newspaper Articles (1)

1. November 17, 1916 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, November 17, 1916

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Article Text

PAYS BACK A FOURTH Defunct Chanute Bank to Distribute 25 Per Cent Dividend. Sedan, Kan., Nov. 17.-S. G. Pottle. receiver of the Citizens State bank of Chanute, of which F. E. Turner, "the boy cashier," was in charge when it was closed more than a year ago by M. A. Thompson, special bank examiner of Kansas, announced today that December 18 he will pay a 25 per cent dividend to the depositors and creditors of the bank. A half dozen legal suits against the bank are now on the court dockets at Sedan or Pawhuska. After these are settled the second dividend may be declared and the bank accounts closed.