Damar State Bank - Damar, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 21, 1926
Location: Damar, Kansas (39.319, -99.583)

Metadata

Model: gpt-5-mini
Short Digest: 9e9c7ab2

Response Measures

None

Description

Article states the Damar State Bank suspended operations August 21, 1926 and later a state receiver is paying dividends (Dec 1929), indicating the bank remained closed and in receivership. No run is mentioned.

Events (2)

1. August 21, 1926 Suspension

Cause: Government Action
Cause Details: Bank suspended operations on Aug 21, 1926 and subsequently placed under a state receiver (receiver later paying dividends).
Newspaper Excerpt: The bank suspended operation August 21, 1926.
Source: newspapers

2. * Receivership

Newspaper Excerpt: W. Johnson, state receiver for failed banks, today announced dividends... A third dividend of 28 per cent will be paid depositors of the Damar, Kan, State bank, December 14. The dividends will total $13,600. The bank suspended operation August 21, 1926.
Source: newspapers

Newspaper Articles (1)

1. November 21, 1929 The Hutchinson News Hutchinson, KS

Article from The Hutchinson News, November 21, 1929

Click image to open full size in new tab

Article Text

Dividends to Depositors of Five Banks in December W. Johnson, state receiver for failed banks, today anhounced dividends totaling approximately $130.000 will be paid depositors of five falled Kansas banks early next month. A first dividend of 40 per cent totaling $53,000 will be paid deposItors of the Harvey County State bank, Newton, December 7. The bank closed August 24, 1929. Depositors of the State Exchange bank, of Randall. will receive a final dividend of 10.7 per cent, amounting to $16,000, December 10. The bank failed January 11, 1926. A third dividend of 15 per cent will be paid depositors of the Longton, Kan., State bank, December 11. The dividends will total $14,000. The bank failed November 28, 1928. Depositors of the Phillips County bank, Phillipsburg, will receive a second dividend of 30 per cent, December 14. The depositors will recolve approximately $34,000. The bank closed its doors February 21, 1028. A third dividend of 28 per cent will be paid depositors of the Damar, Kan, State bank, December 14. The dividends will total $13,600. The bank suspended operation August 21, 1926.