First National Bank - Hutchinson, KS

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 3180
Charter Number: 3180
Start Date: January 11, 1932
Location: Hutchinson, Kansas (38.061, -97.930)

Metadata

Model: gpt-5-mini
Short Digest: 5a8544bb

Response Measures

Full suspension, Books examined

Other: Cashier attempted suicide mentioned; bank placed in charge of state banking department (receivership).

Description

Article (Council Grove Republican, 1932-01-25) reports a run beginning about two weeks earlier following rumor that the bank was bad, leading to failure/placement in charge of the banking department. OCR errors in article (missing words); closure/failure dated in article publication (Jan 25, 1932). No reopening mentioned.

Events (2)

1. January 11, 1932 Run

Cause: Rumor Or Misinformation
Cause Details: A steady two-week run began following rumor that the bank was bad, depleting deposits.
Newspaper Excerpt: run which officers reached its peak the First bank here failed today ... began two weeks ago following rumor that the bank was bad
Source: newspapers

2. January 25, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure followed the run that depleted cash; directors placed the institution in charge of the state banking department (bank failure/closure).
Newspaper Excerpt: bank here failed today Directors placed the institution in charge of bank ... state bank department
Source: newspapers

Newspaper Articles (1)

1. January 25, 1932 Council Grove Republican Council Grove, KS

Article from Council Grove Republican, January 25, 1932

Click image to open full size in new tab

Article Text

FIRST NATIONAL HAD POSITS OF MILLION Hutchinson Bank Closes After Suicide Attempt of its Cash. Last Week Pittsburg, Jan. lowing run which officers reached its peak the First bank here failed today Directors placed the institution in charge of bank Steady began two weeks ago following rumor that the bank was bad dition. founded in 1886 and ranked as one of the largest its deposits were $2,245, Friday these had been depleted to Its assets listed as A recent statement showed W. Watson as president, Kumm as cashier and Jeffers as as sistant cashier. Officers of the bank estimated the loss depositors small. The institution had pos session of considerable real tate, bonds and other securities on which could not realize quick cash to meet the quiet but continuous run. Hutchinson, Jan. Citizens state bank was closed today its directors and placed in the hands of the state bank. department. Topeka officwere unable to assign reason for the suspension. The January 5th statement of the bank listed deposits of The Citizens was established in 1892 and had combined capital and surplus of statement few months showed loans and discounts Branch is president, Hellinger, vice president, Geo. Pells cashier and Harris, assistant cashier. Last week one of the bank's officers was found his garage with the motor of automobile running. He had been overcome by gas, apparently by accident.