Frederick State Bank - Frederick, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Frederick, Kansas (38.513, -98.268)

Metadata

Model: gpt-5-mini
Short Digest: 06228394

Response Measures

None

Description

Article (Hutchinson News, 1933-04-21) reports the Frederick State Bank 'failed' and county depositors seek recovery from stockholders. There is no mention of a depositor run; instead the bank's failure and subsequent legal action indicate permanent closure/insolvency. OCR errors in the article text corrected (e.g., 'falled' -> 'failed').

Events (2)

1. * Receivership

Newspaper Excerpt: the Frederick State bank ... when it failed, and which it is alleged the stockholders had guaranteed ... it is alleged that one of the stockholders ... transferred his Rice county property ... for the purpose of evading his liability, and the court is asked to cancel the transfer-
Source: newspapers

2. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed/insolvent leading to inability to pay county deposits; legal action against stockholders to recover deposits.
Newspaper Excerpt: holders of the Frederick State bank are being sued ... to recover county deposits aggregating $14,017 in that bank when it failed.
Source: newspapers

Newspaper Articles (1)

1. April 21, 1933 The Hutchinson News Hutchinson, KS

Article from The Hutchinson News, April 21, 1933

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Article Text

Stockholders of Bank Are Saed By County holders of the Frederick State bank are being stied In sums of $500 to aioners to recover county deposits aggregating $14,017 in that hank when It falled. and which It is Al. leged the stockholders had guaranIL is alleged that one of the stockholders John Ontjes. had on April 8 last transferred his Rice county property in his son. Ben Ontjes, wife. for the purpose of evading his liability, and the court in asked to cancel the trans-