First National Bank - Holton, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3061
Charter Number: 3061
Start Date: July 3, 1931
Location: Holton, Kansas (39.465, -95.736)

Metadata

Model: gpt-5-mini
Short Digest: 655d5850

Response Measures

None

Receivership Details

Depositor recovery rate: 37.3%
Date receivership started: 1931-05-23
Date receivership terminated: 1937-08-31
Share of assets assessed as good: 34.6%
Share of assets assessed as doubtful: 43.9%
Share of assets assessed as worthless: 21.5%

Description

Article (Jul 3 1931) states the First National Bank of Holton is closed and Hayes is receiver; receiver has brought attachment actions alleging fraudulent/irregular notes and improper signatures. No mention of a depositor run; bank is in receivership, so classify as suspension leading to closure/receivership. Dates taken from article publication (1931-07-03).

Events (4)

1. October 17, 1883 Chartered

Source: historical_nic

2. May 23, 1931 Receivership

Source: historical_nic

3. July 3, 1931 Receivership

Newspaper Excerpt: attachment actions filed ... by Hayes, receiver of the bank. His attorneys are Sloan, Hamilton Cole. The petitions allege ... fraudulent intent ... to hinder collection of debts.
Source: newspapers

4. July 3, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is closed and in receivership; receiver alleges fraudulent or irregular notes (forged/unsigned notes, misapplied signatures) by bank officers/related parties.
Newspaper Excerpt: BRINGS ACTION ON BANKERS ... the closed First National Bank of Holton have been made defendants ... by Hayes, receiver of the bank.
Source: newspapers

Newspaper Articles (1)

1. July 3, 1931 The Valley Falls Vindicator Valley Falls, KS

Article from The Valley Falls Vindicator, July 3, 1931

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Article Text

BRINGS ACTION ON BANKERS Scott R. Moore, cashier, and Floyd Riederer, vice president of the closed First National Bank of Holton have been made defendants in attach ment actions filed in disWednesday trict court of Jackson county by Hayes, receiver of the bank. His attorneys are Sloan, Hamilton Cole. These are peculiar actions in that the notes involved are not due, and the actions simply to hold the defendants' property until settlement made. The petitions allege that though the notes are not yet due, the defendant in each case about to make sale or or disposition conveyance his property or material part thereof with the fradulent intent of hindering or the collection said defendant's debts. The petition in the case of Scott Moore alleges that, for value ceived. the defendant executed and delivered note dated March 24, 1931, for which now owned and held by the First National Bank. note for 120 days, with interper cent. Another note dated March 25 of $3750 to 180 run and third note dated May 1931. for $1500. to run 90 days. The petition further recites that the defendant made and executed by signing the name of Inez Moore. his and delivered to the bank. for note dated March 25 for to run 90 days. Another note with the same signadated March 20 for $500. to 90 and third similar note for Mrs. Moore died in November of Altogether the Moore notes total $8720 The petition in the case of Floyd Riederer recites that for value received, the defendant made note dated April 1931, for cent run 90 days: another dated April 15 for $1500, and third dated April 21 for $2500. all 90 total of The bank receiver's petitions pray that the property of the defendants not from execution be attached by the sheriff and that the the proceeds thereof be questered await final judgment. In the absence of District Judge Phinney from the the writs attachment ordered out of court of Harmon Clark. Probate This also rare proceeding, provided for in necessary Holton