6643. Citizens State Bank (Geuda Springs, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 31, 1922
Location
Geuda Springs, Kansas (37.114, -97.149)

Metadata

Model
gpt-5-mini
Short Digest
e3fede32

Response Measures

None

Description

The articles report the Citizens State Bank of Geuda Springs was closed by the Kansas state banking department and placed in receivership (B. V. Curry). There is no mention of a depositor run; the closure is tied to the failure/close relations with the Traders' State Bank, so classified as a suspension leading to permanent closure/receivership.

Events (3)
1. March 31, 1922 Receivership
Newspaper Excerpt
Frank H. Foster, state bank commissioner, today announced appointment of B. V Curry as receiver ... He was recently named as receiver for ... the Citizens' State bank at Geuda Springs. He will manage settlement of affairs of the three banks under his new appointment.
Source
newspapers
2. March 31, 1922 Suspension
Cause
Local Banks
Cause Details
Closed by the state department after the Traders' State Bank at Arkansas City closed; close relations between the two institutions caused the Geuda Springs bank to be taken in when Traders' closed.
Newspaper Excerpt
He was recently named as receiver for the Traders' State bank at Arkansas City ond the Citizens' State bank at Geuda Springs.
Source
newspapers
3. September 20, 1922 Other
Newspaper Excerpt
Ten state banks are now closed and under control of the state bank commissioner. B. V. Curry, an assistant bank commissioner, is the official receiver of all ten of these institutions. ... Citizens State bank, Geuda Springs.
Source
newspapers

Newspaper Articles (3)
1. March 31, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, March 31, 1922

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Article Text

TO WIND UP THREE BANKS B. V. Curry Will Manage Settlement of Three Institutions. Frank H. Foster, state bank commissioner, today announced appointment of B. V Curry as receiver for the Condon State bank of Oswego. Affairs of the Oswego bank were taken over by the state department several weeks ago following a showing that the bank's affairs had been improperly managed. Curry is a state bank examiner. He was recently named as receiver for the Traders' State bank at Arkansas City ond the Citizens' State bank at Geuda Springs. He will manage settlement of affairs of the three banks under his new appointment.

2. May 1, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, May 1, 1922

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Article Text

B. v. Curry in Charge of Half Dozen Banking Institutions. Named Today as Receiver for Two Additional Banks. BIGGEST JOB IN BANKING DEPT. He Will Have Charge of All Settlement of Accounts. No Two of Them Are in the Same County. Frank H. Foster, state bank commissioner, today appointed B. V. Curry as receiver for two additional state banks. Curry is now in charge of six banking Institutions which have recently been closed by the state department. Commissioner Foster today named Curry to direct the settlement of affairs of the Farmers State bank at Washington and the State Bank of Hope at Hope. These banks were closed by the state department in the last two weeks, Both were declared to be insolvent because of excessive cattle loans. Receiver Curry has been with the state department as a bank examiner during the last six or seven months. He was formerly cashier of a bank at Almena and also had banking experience in Alma. He is a son-in-law of E. E. Ames, one of the most widely known national bankers in the middle west and chairman of the board of directors of the Central National bank of Topeka. A Big Banking Job. Curry's assignment as receiver for the six state banks is the largest job ever assigned anyone by the Kansas banking department. He will have charge of settlement of all accounts of the closed banks and will handle the work of disposing of the assets of the institutions. Reports in the state house are to the effect that several of the banks may later be reorganized State banks over which Curry will have control in the making of settlements are in widely separated towns. No two of the banks are in the same county. Some time ago Curry was named as receiver for the big Condon State bank of Oswego, Labette county, which failed early this spring. The bank was rated as one of the strongest in southeastern Kansas. In Charge at Arkansas City. short time later Curry was placed in charge of the Traders' State bank at Arkansas City. When Commissioner Foster decided to appoint a receiver for the bank, Curry was selected for the job. When the Traders' State bank closed its doors it took the Citizens' State bank of Geuda Springs, Sumner county, in the fall. It was explained in the state banking department that because of the close relations of the two institutions that the same person should handle the affairs of both. So Curry was named as receiver for the Sumner county bank. About the same time the Farmers State bank of Quenemo, Osage county. encountered trouble. The cashier committed suicide and the state department stepped in. J. H. Sandell. assistant state commissioner. stated today that Curry was also receiver for the Quenemo bank. Last week when the state department decided to close the Farmers State bank at Washington, WashingBD. county, Curry was one of the two examiners sent to the town to take over its affairs. He was today given complete control over the bank thru his appointment as receiver. To Have Local Assistants. C The bank at Hope, Dickinson counf ty, failed less than two weeks ago. Curry is to also manage its affairs and direct settlement of its accounts for the state state banking department. It was explained today that a local assistant would be assigned to Curry o in each of the towns. The work of the local assistant, however will be largely clerical.

3. September 20, 1922 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, September 20, 1922

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Article Text

STATE CONTROLS TEN BANKS B. V. Curry Is Official Receiver for All Institutions. Ten state banks are now closed and under control of the state bank commissioner. B. V. Curry, an assistant bank commissioner, is the official receiver of all ten of these institutions. In addition to the ten, there are nine banks in the state now operating under individual receivers. The ten banks under state control and of which Mr. Curry is receiver: Farmers' State bank, Washington. State Savings bank, Leavenworth. Farmers' State bank, Quenemo. C. M. Condon & Co., State bank, Oswego. Traders' State bank, Arkansas City. Citizens State bank, Geuda Springs. Exchange State bank, Wichita, State bank of Hope. Citizens' State bank, Harper. Farmers State Bank, Belmont. Mr. Curry has just been appointed receiver of the Citizens State Bank of Harper, the last bank to be closed by State Bank Commissioner Foster. Following -are the institutions now operating under private receivers: Citizens State Bank, Manhattan. People's State Bank. Salina. Broeker-Lefferdink Bank, Salina. Farmers and Merchants Bank, Pawnee Rock. Farmers State Bank, McCune. Viola State Bank, Viola. Aulne State Bank, Aulne. Hanover State Bank, Hanover. Farmers State Bank, Spring Hill.