Citizens National Bank - Independence, KS

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 4592
Charter Number: 4592
Start Date: March 22, 1930
Location: Independence, Kansas (37.224, -95.708)

Metadata

Model: gpt-5-mini
Short Digest: c666e64b

Response Measures

Books examined

Other: OCR of article is poor; describes suspension of Commercial National Bank in Independence, KS, which triggered panic at Citizens National Bank; unclear if Citizens suspended or just experienced withdrawals. 'Sinclair' involved in reorganization offers.

Description

Article (Mar 22, 1930) reports that Commercial National Bank suspended, causing panic and precautionary action by citizens toward Citizens National Bank in Independence. Citizens National is described as the other large bank where citizens became panicky; no suspension or closure of Citizens National is reported in the text.

Events (3)

1. July 2, 1891 Chartered

Source: historical_nic

2. March 22, 1930 Run

Cause: Local Banks
Cause Details: Panic/withdrawal pressure at Citizens National driven by the suspension/closure of the Commercial National Bank in the same town.
Measures: Described as precautionary nervousness by citizens; no formal measures or suspension of Citizens National reported.
Newspaper Excerpt: the Citizens' National bank the other large bank in town. as precaution event citizens of Independence came panicky.
Source: newspapers

3. April 9, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. March 22, 1930 Daily Republican-Register Mount Carmel, IL

Article from Daily Republican-Register, March 22, 1930

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Article Text

SINCLAIR WOULD OPEN A BANK IN OLD HOME TOWN (United Press) Kas., March Sinclair. who rose from drug clerk to multioil man, reported today to have of his to reopen shortage found by National bank examin- Sinclair's offer. said to be $1. was have been made chairman the board of the Prairie Oil Gas company. who has been active attempts réorganize the Commercia tional bank, suspended business last week when the books of Guernsey, president and financial pillar the town, revealed Interest of the Sinclair family in the welfare their former home community first was revealed the day after the mercial National bank closed, when Earl Sinclair, brother Harry de the Citizens' National bank the other large bank in town. as precaution event citizens of Independence came panicky.