Central National Bank - Ellsworth, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3447
Charter Number: 3447
Start Date: March 25, 1931
Location: Ellsworth, Kansas (38.731, -98.228)

Metadata

Model: gpt-5-mini
Short Digest: f5d41d30

Response Measures

None

Receivership Details

Depositor recovery rate: 67.1%
Date receivership started: 1931-03-30
Date receivership terminated: 1938-01-31
Share of assets assessed as good: 43.2%
Share of assets assessed as doubtful: 42.6%
Share of assets assessed as worthless: 14.2%

Description

Article states the Central National Bank of Ellsworth was suspended March 25, 1931, is defunct, and an examiner in charge announced a 25% refund to depositors — indicating permanent closure and receivership. The specific cause of suspension is not given in the article, so classified as 'other'.

Events (4)

1. February 1, 1886 Chartered

Source: historical_nic

2. March 25, 1931 Suspension

Cause Details: Article gives no specific trigger for the suspension; only notes liabilities and that the bank is defunct.
Newspaper Excerpt: The bank was suspended March 25 with total liabilities of $1,106,601.
Source: newspapers

3. March 30, 1931 Receivership

Source: historical_nic

4. September 11, 1931 Receivership

Newspaper Excerpt: Ben C. Bond, examiner in charge of the defunct Central National bank of Ellsworth, has announced that a first refund of 25 per cent will be made soon to depositors and creditors.
Source: newspapers

Newspaper Articles (1)

1. September 11, 1931 Council Grove Republican Council Grove, KS

Article from Council Grove Republican, September 11, 1931

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Article Text

TO CLOSE ESTATE ElDorado, Sept. 11.-(P)hearing to close the estate of W. F. Oberst, whose body with that of Mrs. Oberst and their five children, was found in the smouldering ruins of their farm home near Burns, Kansas, will be held in Probate Court here October 2. It is valued at $25,000. TO MAKE REFUND Ellsworth, Kan., Sept. 11.-(P) Ben C. Bond, examiner in charge of the defunct Central National bank of Ellsworth, has announced that a first refund of 25 per cent will be made soon to depositors and creditors. The bank was suspended March 25 with total liabilities of $1,106,601. AN APPOINTMENT Lawrence, Sept. appointment of Prof A. J. Mix to become head of the department of Botany at the University of Kansas, succeeding Prof. William C. Stevens, who gives up administrative duties because of ill health, was announced today by Chancellor E. H. Lindley. Mr. and Mrs. George Moore of Herington were in Council Grove yesterday. Mr. and Mrs. W. J. Taylor of Wilsey were shopping here this HE BROKE JAIL officers could bring J. E. Miller here for trial for auto theft, he broke out of the Neosho county jail and escaped. Want Ads get quick results.