Citizens State Bank - Ellinwood, KS

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 19, 1913
Location: Ellinwood, Kansas (38.356, -98.581)

Metadata

Model: gpt-5-mini
Short Digest: a69b58c9

Response Measures

None

Description

The Citizens State Bank of Ellinwood closed its doors in December (noted as Friday, December 19) and was placed under the state bank commissioner's examiners. The bank was reorganized under the commissioner's supervision and reopened in late February/early March 1914. The articles describe a failure in December but show a successful reopening; no explicit depositor run is described. The likely immediate cause is bank-specific adverse information (same period Severy State Bank failed due to bad loans; Ellinwood failed a week later). Date of suspension recorded from local report as 1913-12-19 (December 19, 1913).

Events (3)

1. December 19, 1913 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in December alongside Severy bank; contemporaneous reporting links these failures to discovered bad loans and poor condition of assets in the local banks; state examiner took charge rather than appointing receivership under commissioner Sawyer's oversight.
Newspaper Excerpt: The affairs of the Citizens State Bank of Ellinwood, which closed its doors Friday, December 19th, is progressing in good shape, although it cannot be told just how soon the bank can resume business.
Source: newspapers

2. February 24, 1914 Other

Newspaper Excerpt: The Citizen's State bank of Ellinwood, which failed a week later, is to be reopened next Monday, according to the present program. Under his policy to refuse the appointment of receivers for banks in financial difficulty, Sawyer 'has nursed the two institutions for nearly three months and provided for their reopening with a bright business outlook.'
Source: newspapers

3. March 2, 1914 Reopening

Newspaper Excerpt: The Citizens' State bank of Ellinwood, which closed its doors in December, was reopened for business today with deposits aggregating nearly $100,000 and a capitalization of $25,000. Harry Warren ... is the new cashier.
Source: newspapers

Newspaper Articles (4)

1. January 9, 1914 Barton County Democrat Great Bend, KS

Article from Barton County Democrat, January 9, 1914

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Article Text

News From Over The County 0 0 0 e 0 0 I 0 0 0 0 PAWNEE ROCK 0 ELLINWOOD 0 0 HOISINGTON 0 0 0 o 0 B 0 0 From The Herald 0 From The Leader 0 0 From The Dispatch Q 0 0 e 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Fred Schroeder of Kiowa spent Mrs. B. C. Franklin left Saturday Miss Sylvia Warnken of Heizer is Christmas here with relatives. for Douglas. Oklahoma, to visit her visiting her sister, Mrs. Charley Lang sister, Mrs. O. A. Brewer. William Rinker and sons left the and family. H. S. Converse of Great Bend came last of the week for a visit with relaMr. and Mrs. Burl Dowse of Great tives in Illinois. up to this city Friday to look after Bend visited Charley Tindall and business and visit his brother, E. M. Henry Schmidt returned from a family Sunday. Converse. visit with relatives at Raymond Mr. and Mrs. H. J. Webber leave Mr. and Mrs. J. J. Mooney and tonight for San Antonio, Texas to bie Tuesday morning. child of Hanston, who had been visit Joe Neidig and Pete Apel returned gobie about two months. ing her parents, Mr. and MTS. Sween. to Hutchinson Sunday evening after The little son of Mr. and Mrs. Pete a visit here with relatives. ey, over Christmas, returned home Snyder, wwho was quite sevenely Saturday. Mr. and Mrs. Ed Panning came in burned two weeks ago is improving. from Hutchingon this morning for a Mrs. S. H. King and children went Mr. and Mrs. D. J. Lewis and visit with her sister Mrs. Ferd Isern down to Hutchinson hristmas to daughters, Katie and Elleanor, spent and husband. visit her mother several days. They Christmas with her brother, W. S. returned home Sunday evening. George Brenn and daughter, Mrs. Jones and family at Lyons. Beaumel, went to Garfield Tuesday Sam Hill made the hearts of the Mrs. Nic Fleites returned from morning for a visit with Mr. and Mrs. family glad by his home coming for Random Lake, Wisconsin, Tuesday, Fred Schmidt. Christmas, Wednesday evening. He where she was called on account of Mr. and Mrs. H. C. Fontna and son is still employed at the Hutchinson the illness of her father. reform school. came in from Hutchinson the last of The Ed McCurrey home is quaramthe week for a visit with D. C. JohnMr. and Mrs. John Miller left Sattined for small pox. Four members son and family. arday for their home in Norton counof the family are sick at present. Mr. and Mrs. Erni Eberhardt elabty after spending a couple of weeks They live in South Hoisington. visiting relatives in this neighborhood. orately entertained at their country Waiter Cross, boiler maker helper home northeast of town last Friday Mrs. Miller is a daughter of Mr, and at the shops here, returned Tuesday Mrs. T. J. Powell. in honor of Mr. and Mrs. Frank night from Bristol, Tenn. He did not Eberhandt of Preston. W. M. Billups went down to Nickcome back alone either. On DecemJoe Koehler has been enjoying his erson Friday evening to be in at ber 24 he was married to Miss Lola tendance at a joint installation of the holidays this week since Tuesday. Crussell of Bristol, Tenn. They will He and his family are just out of Masonic and Eastern Star lodges held make their home in Hoisington. quarantine for scarletina. He is there that night. Mrs. Billups acHelen Irene, daughter of Mr. and mighty glad to get out again. companied him home the following Mrs. H. A. Baldwin, died at their morning. W. F. James, who has been mail home in McCracken Sunday morning clerk on the Branch for some time, Our city can now boast of a new of pneumonia, age 2 years, 9 months, has been transferred to McPherson, fire bell, the same having arrived the and 16 days. She was born in this where he will have a short run on first of the week and was tried out tc city March 12, 1911. The bereayed the Union Pacific from McPherson the satisfaction of the council and parents have the sympathy of their to Salina. This iso me of the shortest mayor. The first one purchased was many friends in this city in the loss runs in the service, only 36 miles, of their beloved daughter. of the alarm clock variety and was sent back. The new one is satisfacand two trips are made daily except Mr. Weede, the claim agent for the Sunday. It will give Mr. James an Missouri Pacific, called at R. E. Maultory and will be mounted on top of opportunity to eat each meal at home the fire house at the city hall. er's Tuesday morning to settle the with his family. Ed Deckert has the best snake claim which Rud had filed against The affairs of the Citizens State story and a true one, too. Monday the company for damages received to Bank of Ellinwood, which closed its as he was going along with his rifle his surrey some time ago while crossin his hand he came across a live doors Friday, December 19th, is proing the road south of Olmitz, between snake which was out in the snow engressing in good shape, although it the latter place and Hoisington. The cannot be told just how soon the matter was adjusted to the satisfacjoying life, but Ed put it out of combank can resume business. The work mission with a bullet. It is rather tion of both parties. Mr. Wieede is a of the bank has been so heavy that rare to see a snake out in the dead of very nice man to deal with. He says Examiner Warren, who is in charge, the company is putting in a good winter. As Ed is a young man noted has had to send for more help. Mr. crossing now which will be appreciatfor truth and varacity as well als Warren leaves early next week and ed by the peopile of Olmitz and visobliety, it stands good with us that the affairs of the bank will be in it was a real snake over two feet cinity as this road will be the logical charge of J. B. Flint. road between Olmitz and Hoisington long and would bite if given a 0.0 it in the abortect and heat "nod chance

2. February 24, 1914 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, February 24, 1914

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Article Text

BANKS TO REOPEN. Sawyer "Nursed" Severy and wood Banks Along. The Severy State bank, which failed in December, when it was discovered that President Bidwell had stocked the bank with bad loans and gutted the assets, was reopened today under the direction of Bank Commissioner Charles M. Sawyer. The Citizen's State bank of Ellinwood, which failed a week later, is to be reopened next Monday, according to the present program. Under his policy to refuse the appointment of receivers for banks in financial difficulty, Sawyer 'has "nursed" the two institutions for nearly three months and provided for their reopening with a bright business outlook. In the case of the Severy bank, the stockholders voted to demand a receiver and threw up' their hands when they learned the true condition of their institution. Instead of naming a receiver, the banking department sent an examiner to the town to take charge of the business and the bank reopened this morning. The Severy bank starts business with a $25,000 capitalization, $5,000 surplus and $80,000 in deposits. M. A. Thompson of Blue Rapids. who has been in charge of the bank, will remain with the institution for several days until the details for the reopening are fully worked out. M. S. Reed is cashier of the reorganized bank, which has for its stockholders and directors some of the most prominent business men and farmers in the county. Next Monday the Ellinwood bank will reopen with a capitaization of $25,0000 and nearly $100,000 in deposits. Henry Warren, a deputy bank commissioner, who has had charge of the reorganization under Sawyer's direction, has been elected to the cashiership of the bank and will remain in Ellinwood.

3. March 2, 1914 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, March 2, 1914

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Article Text

Ellinwood Bank Open Again. The Citizens' State bank of Ellinwood, which closed its doors in December, was reopened for business today with deposits aggregating nearly $100,000 and a capitalization of $25,000. Harry Warren, who has been in charge of the bank much of the time since the failure, is the new cashier. He was formerly connected with the state bank commissioner's office and was sent to Ellinwood by Charles M. Sawyer, state bank commissioner. Less than a week ago the Severy State bank opened its doors. The failure of the two banks occurred at practically the same time. Their affairs were wound up without the delays and expense of receiverships and both institutions now have every indication of a prosperous season ahead of them.

4. March 5, 1914 Abilene Weekly Reflector Abilene, KS

Article from Abilene Weekly Reflector, March 5, 1914

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Article Text

HANDLING BANKS WELL The Severy State bank, which " failed in December, when it was discovered that President Bidwell had 0 stocked the bank with bad loans and gutted the assets, has been reopened r under the direction of Bank Commissioner Charles M. Sawyer. The r Citizens State bank of Ellinwood, which failed a week later, is to be 2. reopened next Monday, according to the present program. Under his policy to refuse the appointment of receivers for banks a in financial difficulty, Sawyer has "nursed" the two institutions for nearly three months and provided for their reopening with a bright business outlook. In the case of the Severy bank, the stockholders voted to demand a receiver and threw up their hands when they learned the true condition of their institution. Instead of naming a receiver, the banking department sent an examiner to the town to take charge of the business and the bank reopened. The Severy bank starts business t with a $25,000 capitalization, $5000 a surplus and $80,000 in deposits. M. t A. Thompson of Blue Rapids, who c has been in charge of the bank, will t remain with the institution for seva eral days until the details for the a reopening are fully worked out. M. g S. Reed is, cashier of the reorganizk ed bank, which has for its stockholders some of the most prominent business men and farmers in the county. Next Monday the Ellinwood bank M will reopen with a capitalization of at $25,000 and nearly $100,000 in deby posits. Henry Warren, a deputy St bank commissioner, who has had an charge of the reorganization under Sawyer's direction, has been elected to the cashiership of the bank and B will remain in Ellinwood. F Commissioner Sawyer is doing a good job. If the same management DI had prevailed heretofore at least one bank in Abilene would not have suspended and with efficient examnation another failure would have isl been prevented. A bank commisru ioner can do much to help the co banks of the state and Sawyer is the doing it right. tio