6675. Peoples State Bank (Hanover, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 26, 1924
Location
Hanover, Kansas (39.894, -96.879)

Metadata

Model
gpt-5-mini
Short Digest
e4fd27e4

Response Measures

None

Description

Newspaper notices show the bank is in receivership and a receiver is paying a dividend; no mention of a depositor run. Financial statement is at close of business 1924-12-26 and receiver notice dated Jan 6, 1925. Classified as suspension leading to permanent closure/receivership (suspension_closure).

Events (2)
1. December 26, 1924 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership by state authorities; official receiver preparing liquidation and dividend payments.
Newspaper Excerpt
Financial Condition of the Peoples State Bank At Hanover, State of Kansas, at the close of business on the 26th day of December, 1924.
Source
newspapers
2. January 6, 1925 Receivership
Newspaper Excerpt
I, the undersigned, Receiver of the Peoples State Bank, Hanover, Kansas, will upon the seventeenth day of January, 1925, make payment of a ten per cent (10 per cent) Dividend ... Dated at Topeka, Kansas, this 6th day of January, 1925. R. T. KREIPE. Receiver of the Peoples State Bank, Hanover, Kansas. Attest: C. J. PETERSON, Bank Commissioner.
Source
newspapers

Newspaper Articles (2)
1. January 9, 1925 The Hanover Herald Hanover, KS
Article from The Hanover Herald, January 9, 1925

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Article Text

January 9, 1925.] NOTICE. To The Depositors and Other Creditors of the Peoples State Bank, Hanover, Kansas: I, the undersigned. Receiver of the Peoples State Bank, Hanover, Kansas, will upon the seventeenth day of January, 1925, make payment of a ten per cent (10 per cent) Dividend upon all proven claims of depositors and other creditors of said bank. Said payment will be made from the First National Bank at Hanover, Kansas, between the hours of nine o'clock A. M. and four o'clock P. M. on said date, and on following days, and interest shall cease on as much of said claims as is paid by said dividend. Dated at Topeka, Kansas, this 6th day of January, 1925. R. T. KREIPE. Receiver of the Peoples State Bank, Hanover, Kansas. Attest: C. J. PETERSON, Bank Commissioner.

2. January 9, 1925 The Hanover Herald Hanover, KS
Article from The Hanover Herald, January 9, 1925

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Article Text

RECEIVER'S OFFICIAL STATEMENT Financial Condition of the Peoples State Bank At Hanover, State of Kansas, at the elose of business on the 26th day of December. 1924. Total liabilities STATE OF KANSAS. COUNTY OF WASHINGTON, 1 1.. Clarke, Assistant Receiver of above named bank, do solemnly swear that the above statement is true; that all receipts and disbursements are shown under the proper headings. and that have not received nor expended any money as said Receiver other than shown in the above statement, to the best of my knowledge and belief. So help me God. O. L ARKE. Assistant to Receiver. Subscribed and sworn to before me. this 7th day of January, 1925. J. P. KILKENNY. [NOTARY SEAL.] Notary Public (Commission expires on the 27th day of December 1928. RESOURCES: Loans and discounts Real estate loans 6,482.00 Overdrafts, 386.52 Judgments 3,883.96 Stockholders liability 21,200.00 Other real estate owned 14.615 71 Preferred claims paid 3,192.12 Liquidation expense 18,221.21 Los and shrinkage 15.827.55 Concealed liabilities 132.36 Interest paid 320.74 Dividends paid 35,385.26 Due from banks 12,596.61 Due from correspondent banks, in 847.68 dispute Total assets $176,660.57 LIABILITIES: $15,000.00 Capital Surplus 1,500.00 Interest received 3,807.21 Rents received 3,804.04 Sto knolders Liability 309.08 Other earnings Recovery (assets acquired since suspen2,353.64 sion. Individual deposits 1,050.23 Certificates deposit Savings deposits 37.18 Cashier's checks 113.34 Furniture and fixtures so'd 52.50 Drafts outstanding 149.66 Preferred claims (general-issued or allowed 3.187.12 Receivers certificates (common issued or allowed 2,097.27 Guaranty certificates (issued or allowed 117,045.42 Interest collected and credited on rediscounts