Goddard State Bank - Goddard, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 1, 1925*
Location: Goddard, Kansas (37.660, -97.575)

Metadata

Model: gpt-5-mini
Short Digest: 3e4d9a8f

Response Measures

None

Description

Article (Dec 9, 1928) reports the Goddard State Bank as 'defunct' and refers to its failure in December 1925 and to a receiver (Charles W. Johnson). No contemporaneous run is described — failure appears due to insolvency and subsequent receivership/litigation over deposits.

Events (2)

1. December 1, 1925* Receivership

Newspaper Excerpt: receiver for the defunct Goddard State bank. ... cases against Charles W. Johnson, receiver for the defunct Goddard State bank.
Source: newspapers

2. December 1, 1925* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank was insolvent at time of failure; directors allegedly received deposits while knowing of insolvency.
Newspaper Excerpt: failure of the bank in December, 1925
Source: newspapers

Newspaper Articles (1)

1. December 9, 1928 The Wichita Eagle Wichita, KS

Article from The Wichita Eagle, December 9, 1928

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Article Text

BANK RECEIVER LOSES Goddard Bank Depositors Returned Victors by Supreme Court Of especial interest to residents of Goddard was the announcement received Saturday by Attorney John W Adams that the supreme court has handed down decisions favoring his clients in the cases of John Matsen and John Heschmeyer against Charles W. Johnson, receiver for the defunct Goddard State bank. Each of the cases was tried in district court before Judge J. E. Alexander, who found in favor of Matsen and Heschmeyer. The receiver appealed. The cases involved about $1,000 which Judge Alexander ordered to be paid out of the funds held by the receiver. Action was brought on the grounds that directors of the institution received deposits six months prior to the failure of the bank in December, 1925, while knowing that the bank was insolvent. Matsen and Heschmeyer sought the return of the money they had in the bank at the time it was closed.