6701. State Bank (Hope, KS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
April 20, 1922
Location
Hope, Kansas (38.690, -97.077)

Metadata

Model
gpt-5-mini
Short Digest
fb48edec

Response Measures

Full suspension, Books examined

Other: Receiver appointed; state banking department took control and declared insolvency.

Description

Articles (Apr–May 1922) report heavy withdrawals by large depositors and losses on heavy loans leading the State Bank of Hope to close/suspend on Apr 20, 1922. The state banking department declared it insolvent and a state-appointed receiver (B. V. Curry) was named by May 1, 1922. The bank did not reopen and was placed in receivership; later court actions against stockholders and suits by the receiver confirm permanent closure.

Events (3)

1. April 20, 1922 Run
Cause
Bank Specific Adverse Info
Cause Details
Large loans and losses on several large deposit accounts prompted heavy withdrawals by large depositors.
Measures
Officers voted to suspend business; state banking department took charge; possible placement of a bank examiner.
Newspaper Excerpt
Withdrawal of deposits and Heavy Loans Cause.
Source
newspapers
2. April 20, 1922 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank officers suspended business because heavy loans and losses made the institution insolvent; withdrawals by large depositors precipitated the closing.
Newspaper Excerpt
The State Bank of Hope, Dickinson county, closed its doors today. Officers of the bank voted to suspend business for the present.
Source
newspapers
3. May 1, 1922 Receivership
Newspaper Excerpt
Frank H. Foster... appointed B. V. Curry as receiver for ... the State Bank of Hope at Hope. These banks were closed by the state department. Both were declared to be insolvent because of excessive cattle loans.
Source
newspapers

Newspaper Articles (7)

Article from The Topeka State Journal, April 20, 1922

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Article Text

CLOSE HOPE BANK Officers Vote to Suspend Business Due to Losses. Withdrawal of Deposits and Heavy Loans Cause. The State Bank of Hope, Dickinson county, closed its doors today. Officers of the bank voted to suspend business for the present. Heavy loans and losses of several large deposit accounts was declared by J. H. Sandell, assistant state bank commissioner, to be responsible for the bank's action. Affairs of the bank are now in hands of the state banking department. An effort may be made to reopen the bank at an early date. A state "bank examiner may be placed in charge of the institution pending final determination of the bank's policy. J. M. Ketchersid is president and cashier of the Hope bank. The institution has a capital of $25,000 and a surplus of $15,000. Until recently its deposits were nearly $300,000.


Article from The Morning Tulsa Daily World, April 21, 1922

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Hope, Kansas, State Bank Fails to Open Its Doors TOPEKA, Kan., April 20.-The state bank at Hope, near Herington, failed to open its dors for business today. Withdrawal of funds by large depositors brought about the closing, according to State Bank Commissioner F. H. Foster, who further declared he could not say whether there would be any losses. J. M. Kertchersid is president of the bank, which had deposits of $300.000, according to the last statement.


Article from The Topeka State Journal, May 1, 1922

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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.


Article from Abilene Weekly Reflector, September 14, 1922

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# SENTENCE THREE JACK CRUISE, UNDER 15, TRIED IN PROBATE COURT Negro Boys Sentenced to Reforma- atory From 1 to 10 Years For Shooting District court convened at 9 o'clock with Judge C. M. Clark of Peabody presiding. Three cases on the criminal docket were disposed of. Jack Cruise who, when he was arrested with two other boys in Salina for robbing a drug store at Solomon, gave his age as 17, was found to be 15 years old, according to a birth certificate sent here by his mother from Sacramento, Calif. The boy was therefore tried in the probate court before Judge Jessie Beeghly who sentenced him to the Industrial school. The two negro boys who shot into a stock train just this side of Chapman August 15, wounding three cattlemen who were on their way to Kansas City, were sentenced in district court to from 1 to 10 years in the reformatory. They are also charged in other counties with the theft of an automobile and the robbery of a hardware store. Cases on the civil docket were disposed of rapidly during the morning. Two divorces were granted. Sarah J. Reed was granted a divorce from William C. Reed and George C. Stice was granted a divorce from Lefa W. Stice on the ground of abandonment. Another group of suits against the Kansas-Texas Petroleum Company, filed by Solomon people were decided in favor of the plaintiffs. They claim that the Petroleum company sold stock in a filling station at Solomon and then failed to complete it in accordance with the contract. The following judgments have been granted: T. V. Harrington, $546.33; C. A. Roberts, $546.49; W. T. Harris, $546.49; Frank Shepherd, $546.25; Mina Sellards, $546.33; Robert Johnson, $546.56; Henry Payne, $546.49; Jessie McKenzie, $546.25. C. H. Goebel was given judgment for $310 against W. J. Scanlan. Mrs. H. Hoffman was granted judgment against J. M. Ketchersid for $900 in connection with the failure of the State Bank of Hope in which he was a stockholder. The receiver for the State Bank of Hope who sued J. N. Ketchersid, James H. Ketchersid and Harry W. Koch who were stockholders in the bank, under the double liability law was given judgment against J. N. Ketchersid for $5,000 and against James H. Ketchersid and Harry Koch for $500 each. The American National Bank in a suit against George A. Dovel for the collection of money was granted judgment for $2,250.50. The following cases were settled out of court or dismissed: Aumiller vs. Beeghly, Babcock vs. Rendecker, Beem vs. Beem, Beem vs. Engle, Branaman vs. Kennedy, Breen vs. Dalton, DeHoff vs. Baker, Herington National Farm Loan Assn. vs. Stroth, Hoel vs. Ketchersid, Kramer vs. Hartman, Kramer vs. Berg; Krause vs. Kendtlandt, Leslie vs. Sanborn, Moffet Bros. National Bank vs. Everhart. In the following cases decree was for the plaintiff, quieting title: Anderson vs. Freeman et al, Cam-ron vs. Wells et al, Foster vs. Manchester Town Company, Redman vs. Maroney et al and Sherraden vs. Tozier.


Article from The Topeka State Journal, September 20, 1922

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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.


Article from The Topeka State Journal, October 28, 1922

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COURTHOUSENOTES AND POLICEGOSSIP. Otis E. Hungate, prominent Topeka attorney, today was appointed by Judge James McClure of the district court, as receiver for the United Elevators company, with headquarters in the New England building. The receivership suit was brought by James Nelson and W. C. Cooney, of Topeka, and William Stoskoff, of Barton county, comprising a majority of the board of directors. They claim the company to be insolvent. Hungate is authorized to take charge of the concern, with power to employ and discharge employes and fix their compensation, and to collect outstanding accounts. The company owns an elevator in Eskridge and three in Barton county. Five alleged speeders benefited by Judge S. L. Lashbrook's parole system in police court Friday afternoon. They were: H. Carr, high school student, fined $25, paroled on payment of $10; G. G. Finley, truck driver, fined $25, paroled on payment of $15; John Brinker, student, fined $30, paroled on payment of $10; C. H. Wasson, engineer, fined $25, paroled on payment of $5; Donald France, cement worker, fined $25, paroled on payment of $10. Apologizing to T. D. Humphrey, local attorney, saved Pearl Wilson, negro, from being fined in police court Friday afternoon. Judge S. L. Lashbrook was inclined to be lenient when he heard the man was supporting a family of five. He therefore fined him $15 and paroled him on payment of $5. But when Wilson walked across the room, grabbed Humphrey's hand and apologized, the judge's heart was touched and he "called it square." Wilson hit Humphrey in the eye, it was claimed, following a crash between his bicycle and the attorney's car. Wilson was charged with assault. William F Zirkle late Friday filed a petition in the district court to obtain one-half of a 160-acre farm which he claims his brother, Claude Zirkle, refuses to turn over to him. He said it was the understanding that the farm was to be divided between them when he reached his majority. His father deeded the land to Claude, he says, because William was not of age at the time. The two brothers live near Quenemo. Mrs. Alfred Sanders, 613 Hancock street, was given judgment for $1,150 by a jury in Judge Whitcomb's court Friday evening against Dr. D. A. Bragg, 1227 Western avenue, for injuries she received when the car in which she was riding with her husband, and Doctor Bragg's car collided at Sixth avenue and Harrison street March 6. She sued for $5,250. A Studebaker car driven by Floyd Carter,837 North Harrison street, and a Chevrolet driven by H. Benedict, of Oakland, were slightly damaged when they collided Friday afternoon at Gordon street and North Kansas avenue. No one was injured. INSURE YOUR CAR WITH TRAPP & MEADE, LARGEST AUTOMOBILE INSURANCE AGENCY IN KANSAS. 119 WEST SIXTH. PHONE 37. -Adv. A state warrant was issued today charging Bradford Eastman, 18, and Cecil Thompson, 23, with holding up and robbing Mae Buck, who operates a rooming house at 609 North Kansas avenue. It is claimed that the youths compelled Miss Buck, at the point of a revolver, to write them a check for $60. They also struck her, she told officers. Oscar Gay, negro, was arrested today on a state warrant charging him with manslaughter in connection with the death of "Boots" Henderson, who died from the effects of a bullet wound received from Gay's revolver. It is charged that Gay shot at Henry Massenberg, another negro, with intent to kill, and that the bullet struck Henderson, resulting in his death. The shooting took place at the home of Bertha Glover, Twenty-fourth and Madison streets. An alternative writ of mandamus to compel F. H. Foster, state bank commissioner, to issue her a certificate on the defendant State Bank of Hope, Kan., is asked in a petition filed in the district court late Friday by Mrs. Alice Channon. She declares she had $11,780 on deposit in the bank when it was declared insolvent, April 20, 1922, and that the bank commissioner has refused to issue her a certificate on the ground that John M. Ketchersid, cashier of the bank, had signed her name to several checks made payable to himself. Mrs. Channon asserts that if this was done that it was without her knowledge or authority. Mrs. E. Lorraine Freeland defied her husband, Karl E. Freeland. when she filed suit in the district court late Friday requesting a divorce. She says Freeland threatened to kill her if she took such a step. He has also failed to provide for her and has been quarrelsome and cruel, she asserts. However, Freeland filed an entry of appearance and consented to trial of the case at the court's convenience. Halloween pranksters engaged in premature celebrations are keeping the police busy at night. The removal of rocking chairs from front porches and of gates and other movable property is becoming common in all parts of town. Motorcycle police were kept busy answering calls Friday night. A rock was tossed thru a window in the State Street school house and several benches broken up. Garfield avenue was blocked for a time with sewer pipe. The "mystery of the white sedan" has been solved. Charles G. Schlegel, owner of the Ford which burned up on the West Sixth avenue road Monday night, appeared at the sheriff's office Friday afternoon and explained that he had recently traded for the car in Kansas City. He said he had taken his old license off and placed it on the Ford. He said he and Roy


Article from Abilene Weekly Reflector, November 23, 1922

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# Sue to Collect Money Two suits for the collection of money have been filed in district court. The State bank of Hope and B. V. Curry, its receiver, have filed suit against J. H. Kolzow for the collection of $3,062. W. E. Hassler and H. E. Leatherman, partners in the Mercantile Company of Chapman have filed suit against Mary and G. M. Coghlan to recover $134.35.