Home State Bank - Greensburg, KS

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 10, 1923
Location: Greensburg, Kansas (37.603, -99.293)

Metadata

Model: gpt-5-mini
Short Digest: ea93b4ed

Response Measures

Full suspension

Description

Article (dated 1923-10-11) reports a run by nervous depositors at the Home State Bank in Greensburg (spelled 'Greenburg' in the article), after which the state banking department closed the institution. Causes cited include poor wheat crop/low prices and general nervousness from reports of other bank closings.

Events (2)

1. October 10, 1923 Run

Cause: Local Shock
Cause Details: Poor wheat crop and low prices undermined confidence; also nervousness from reports of other banks closing led depositors to run.
Measures: None reported other than subsequent closing by state banking department.
Newspaper Excerpt: Their faith in the institution shaken by the many reports of banks closing, depositors of the Home State bank at Greenburg ... staged a run on the bank; Wednesday
Source: newspapers

2. October 10, 1923 Suspension

Cause: Government Action
Cause Details: State banking department closed the bank after the run; cited capital, surplus, deposits and loans; closure attributed to agricultural losses and low prices affecting bank.
Newspaper Excerpt: which resulted in its doors being closed by the state banking department.
Source: newspapers

Newspaper Articles (1)

1. October 11, 1923 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, October 11, 1923

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Article Text

RUN CLOSES BANK Ransas Institution Victim Of Nervous Depositors TOPEKA, Kas., Oct. 10.-Their faith in the institution shaken by the many reports of banks closing, depositors of the Home State bank at Greenburg, in Kiowa county, staged as run on the bank; Wednesday, which resulted in its doors being closed by the state banking department. The institution was capitalized at $50.000, had a surplus of $8,500, deposits of $347,000 and loans of $457,000. It was operated under the state guaranty law. The poor wheat crop and the present low prices were responsible for the bank's failure, according to Lewis Wilson, assistant state bank commissioner. This is the third bank to be closed in Kansas in the last two days.