State Bank - Chanute, KS

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: November 1, 1926*
Location: Chanute, Kansas (37.679, -95.457)

Metadata

Model: gpt-5-mini
Short Digest: 428b7e16

Response Measures

None

Description

OCR errors in the article corrected. The article (Nov 30, 1926) reports the State Bank of Chanute suspended business in November due to ties with the Federal Trust Company of Kansas City (a correspondent failure/distress) and reopened by Nov. 30 after obtaining funds (reported $35,000). No run is mentioned.

Events (2)

1. November 1, 1926* Suspension

Cause: Correspondent
Cause Details: Suspended in November because funds were tied up with the Federal Trust Company of Kansas City (correspondent/agent distress).
Newspaper Excerpt: The State Bank, suspended business November because the of the Fod. Trust Company Kansas City
Source: newspapers

2. November 30, 1926 Reopening

Newspaper Excerpt: opened again morning, after The bank $35.000 on deposit with the Foderal Trust Company and without the required cash ... The capital $15,000 from $10,000. Noill remains cashier.
Source: newspapers

Newspaper Articles (1)

1. November 30, 1926 The Hutchinson News Hutchinson, KS

Article from The Hutchinson News, November 30, 1926

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Article Text

STATE BANK REORGANIZED, RE-OPENED. Chanute, Kan, Nov. The State Bank, suspended business November because the of the Fod. Trust Company Kansas City, opened again morning, after The bank $35.000 on deposit with the Foderal Trust Company and without the required cash when this tied The Thayer State now has worth million dollars. The canital $15,000 from $10,000. Noill remains cashier. Named to Text Book Topeka, Bittman Independence appointed by Governor succeed Charles Risdon, signed, also Independence, member the state school book commission.