Columbus State Bank - Columbus, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 23, 1930
Location: Columbus, Kansas (37.169, -94.844)

Metadata

Model: gpt-5-mini
Short Digest: 8d57b2ed

Response Measures

None

Description

Article (Joplin Globe, 1930-08-23) reports Columbus State Bank 'closed its doors' and 'failed to open' with an examiner sent; directors closed the bank citing the depression and recent drought. No run is described. The piece indicates the bank was closed pending examination and may be liquidated or merged — treated here as suspension leading to closure. OCR errors in the article were corrected (e.g., fragmented sentences).

Events (1)

1. August 23, 1930 Suspension

Cause: Local Shock
Cause Details: Directors closed the bank citing the depression and a recent drought (crop failures) as causes of part of the failure; closed pending examination to determine liquidation or merger.
Newspaper Excerpt: Both banks were closed the because the directors, time was explained, desired foreon either stall possible cashier of the bank. Columbus bank, said the banks depositors 100 pected repay cents the dollar.
Source: newspapers

Newspaper Articles (1)

1. August 23, 1930 Joplin Globe Joplin, MO

Article from Joplin Globe, August 23, 1930

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Article Text

DEPOSITORY AT COLUMBUS AND ANOTHER AT CRESTLINE CLOSE DOORS. Columbus, Kan., Aug. Land of Topeka, state bank exarrived here today to take aminer, of the Cherokee County charge which closed its doors State bank, this and an examiner morning, Wichita was sent to Crestfrom of the affairs line take charge Miners State the Farmers which also failed to open tobank, The Cherokee County State bank. $50,000, closed capitalized at its board of directors. order Several of the directors of the Codirectors of the lumbus although the latter Crestline bank, institution was in fact, Columbus bank. The sidiary the bank was capitalized at Crestline $10,000. Closed at Same Time. Both banks were closed the because the directors, time was explained, desired foreon either stall possible cashier of the bank. Columbus bank, said the banks depositors 100 pected repay cents the dollar. depression, partfailures attribcaused crop the recent drouth, was uted by the directors for the blamed of the two banks. The Coclosing bank has outstanding loans lumbus $237,000 and and totaling undivided capital $18,000. Until examination of the ords both banks are completed, will know whether the officials assets will be liquidated whether arranged with merger other bank, Fage said tonight. There other banks First National and Columbus, Columbus State bank. Davis Dunbar president of defunct County State bank. The Cherokee board directors composed Dunbar, Fage, Fred Walker, Louise Grisham. Shaffer and Jackman, all of Columbus.