First National Bank - Clay Center, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3072
Charter Number: 3072
Start Date: March 1, 1933*
Location: Clay Center, Kansas (39.381, -97.127)

Metadata

Model: gpt-5-mini
Short Digest: 635414a1

Response Measures

None

Receivership Details

Depositor recovery rate: 90.5%
Date receivership started: 1933-09-06
Date receivership terminated: 1937-11-26
Share of assets assessed as good: 36.7%
Share of assets assessed as doubtful: 53.4%
Share of assets assessed as worthless: 9.9%

Description

Articles report the First National Bank of Clay Center was placed in the hands of a conservator in March 1933 and a receiver (Bateman/Nateman) was named in early September 1933 (reported 7–8 Sept and referenced again Oct. 4). No run or depositor panic is described; the bank was under conservatorship and moved into receivership, consistent with a suspension followed by closure/receivership.

Events (6)

1. November 5, 1883 Chartered

Source: historical_nic

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Bank placed in hands of a conservator (regulatory action) in March 1933, likely related to banking holiday/regulatory intervention during the 1933 banking crisis.
Newspaper Excerpt: has been in the hands of conservator since March.
Source: newspapers

3. September 6, 1933 Receivership

Source: historical_nic

4. September 7, 1933 Other

Newspaper Excerpt: NAMED BANK RECEIVER Clay Center, Sept. Batefor the First succeed McIntire was named bank national banking holiday.
Source: newspapers

5. September 8, 1933 Receivership

Newspaper Excerpt: Bateman has been receiver of the First National Bank which has been in the hands of conservator since March.
Source: newspapers

6. October 4, 1933 Other

Newspaper Excerpt: Nateman, pastor ... having been appointed receiver of the First National bank.
Source: newspapers

Newspaper Articles (3)

1. September 7, 1933 The Mercury Manhattan, KS

Article from The Mercury, September 7, 1933

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Article Text

GIANTS Pittsburgh, Pirates overwhelmed the New York Giants to today the fourth game of their series reduced New York's games in the National league pennant race. VINES IS DEFEATED Forest Hills, Vines, defending champion, eliminated today in straight by Bryan (Bitsy) Grant, diminutive Atlanta player, in crowning upset the fourth round of the men's singles championship. The scores NAMED BANK RECEIVER Clay Center, Sept. Batefor the First succeed McIntire was named bank national banking holiday. PLANES PREPARED Marine Barracks, Quantico, squadron marine corps planes Brownfield here ordered this ternoon make ready take any minute" for the south connection with the Cuban situation. NEAR COAL CODE Washington, Sept. Word received the White House late today that the probably would ready the President's approval tonight. the time, Hugh Johnson to the White House for approval the codes the picture, leather and salt industries. HELEN TAKE REST Father Orders Moody To Quit Tennis For Six Months San Sept. Wills Moody, dethroned queen, not touch racquet least months, her has Dr. said he hoped Mrs. Moody able compete the national tournament next year. Wills the injury caused Moody default Helen Jacobs national men's singles prone to recur der the strain Her condition described her father due pressure sciatic nerve between the fifth bar vertebrae and the sacrum. WANTS MORE OIL Topeka, Sept. feeling Kansas should allowable under the production allocation expressed by Gev. Alf yesterday letter Secretary Ickes of the interior The governor explained that the allocation for fixed barrels daily the barrels day limit for states, not meet the of the which increased their total 30,000 barrels withthe past year. He. Kansas "has never any hot and that Statistifigured rels for the under for the nation barrels. feel we should have had our increase allocarequest that any changes in allocation made later date these facts should into Mrs. Ivor Moore and daughter moved from Norton Manhattan. North Seventeenth Moore represen-

2. September 8, 1933 Council Grove Republican Council Grove, KS

Article from Council Grove Republican, September 8, 1933

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Article Text

FEDERAL PIG CHECKS The first payments to be made in this county for government pigs purchased under the federal slaughter plan, reached Wilsey yesterday. The checks covered carload of pigs ped from that community the month. Checks were sent directly to individual sellers. SUBPOENA CARL McKEEN Topeka, Sept. of the important in the liminary of Tom Boyd. state treasurer charged with embezzlement in the bond scandals, be Carl McKeen, president of the National bank. McKeen was subpoened to testify at 10 o'clock this morning. JUMPS FROM WINDOW Lawrence, Ridenour Logan, who leaped from story apartment in Dallas, Tex, yesterday, was the of the late Ridenour. husband attended in She was 23 years old. LANDON NAMES JUDGE Topeka, Sept. and Washburn graduate, has been appointed Gov. Landon to vacancy the Shawnee district bench caused by the death of Judge Whitcomb. TENNIS MATCHES SUNDAY An tennis tournament with Falls played here Sunday. Cle arranging seven or eight matches which will make necessary to use both the Karney and Barber courts. NAMED BANK RECEIVER Clay Center, Sept. Bateman has been receiver of the First National Bank which has been in the hands of conservator since March. BANK GIVES JOINS PRO ELEVEN CAVALRY ON HIKE quit claim deed has been given by the Bank Herington Chas. Lindahl covering the north half of the southwest quarter of section and part of the southeast quarter of section ACCEPT NO. 57 Grading on No. 57 north of town formally approved Wednesday by Rees, division engineer from Salina. Surfacing of the highway with sand expected to start very soon. POSTPONE PICNIC The picnic which was to have been held the Mewhinney station east of Delavan on Sept. been postponed owing highway construction along the Trail REVISED BUDGET Train Martin Settergren of Burdick the court yesterday revising the budget for West Slope district. Edith Clyborne has been given quit claim deed by ginia Scholes and Dorothy Finney to lots and 10 block Lawrence, grid star, left tolay for Portsmouth. where will join professional football team Potsy Clark, former coach, is in charge of the team. HOLD CAR Salina, Sept. discovery term hard quor in the Don Wichstrum car near Cloverlead dance pavhas led to the retention of car and the motorist. GIVEN SIX MONTHS Chapman, Robinson of Junction City was six for jail after being up for disturbance dance. PLANS HOSPITAL Russell, Sept. are drawn by Shaver for can with loan which this communfrom the finance group. IN HOME Neodesha Sept Mrs. H. here an army plane short the home town before to Herington and Marion will be visited troop of the ond cavalry Sept. 15th. The soldiers making an overland practice hike. PICNIC DREW Olathe, Sept. annual settlers picnic drew an tendance this year, the largest in its history. was sponsored by Bert Rogers, father Buddy. the movie star. BREAK INTO ARMORY Lawrence Sept. pistols stolen thieves who broke into the Armory Company M. early yesterday morning. PERMITS REACH $10,955 Lawrence, Sept. permits for August reached most them for remodeling operations on dences. HOGS ARE Omaha boosted the level of hogs dime today. Kansas City September corn was cent from rigures, closing 43c. December corn was down half cent, closing Wheat was strongand fractionally higher. tember closed at cents. De. cember 82 1-8 and May at cents. Eggs, per dozen Cream Hens and Wheat

3. October 4, 1933 Council Grove Republican Council Grove, KS

Article from Council Grove Republican, October 4, 1933

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Article Text

COP SAVES ROBBERY Hutchinson, Oct. strolling cop to have vented Dillon store robbery at o'clock yesterday morning when Erwin Schmitt, store manreceived telephone call to come down the building car had crashed into front window. Schmitt hurriedly dressed and reached the just policeman strolled past. There was no window. The call believed to have been to Schmitt into opening the store and disclosing the cation of the previous day's ceipts. BEATEN WITH GUN Salina, Oct. Floriat was beaten with gun by hijackers who took $68 from him Colo, as he returning here from mountain trip. He arrived black eye. BURST TEAR BOMB Junction unwindow shade which whipthe top of the Central National bank terady and discharged tear gas bomb which kept employes in the streets for 30 minutes. LOST CLOTHES Clay Center, Oct. Otto Brueggeman lost suitcase of clothing and license plate for new car in Kansas City over the week end. Thieves pried open the door of his old car and stole the luggage. A MINISTER RESIGNS Clay Center, Oct. Nateman, pastor of the Christian church for six years, has resigned. He quits the pulpit next Sunday, having been ap. pointed receiver of the First National bank. MONEY IS UNCLAIMED Hutchinson, Oct. than per cent of the people who cash premiums the state fair have failed to claim their cash awards. JOIN QUACK CLUB Lawrence Oct men passed tests for Quack club in tryouts at Robinson gymnasium. SELLING DOPE? Hutchinson, well, local negro has been rested charge of possessing and selling morphine. THURSDAY COOLER The weather will continue generally fair tonight and also Thursday. Slightly cooler temperatures are predicted for the southwest and extreme northportions tonight. will in the west portion Thursday. Wheat, bushel Eggs 15c Cream