Commercial Bank - Independence, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 12, 1930
Location: Independence, Kansas (37.224, -95.708)

Metadata

Model: gpt-5-mini
Short Digest: c354c533

Response Measures

None

Description

OCR of the clipping is poor. The article (Parsons Sun, 1930-05-12) reports the Commercial Bank of Independence 'closed' after an examination and mentions embezzlement charges. There is no clear description of a depositor run; closure appears tied to adverse bank-specific information discovered on exam, leading to permanent closure. I corrected obvious OCR errors in the excerpt when interpreting meaning.

Events (1)

1. May 12, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed after examination; embezzlement charges discovered against officers leading to closure.
Newspaper Excerpt: Commercial bank Independence, which closed ... embezzlement.
Source: newspapers

Newspaper Articles (1)

1. May 12, 1930 The Parsons Sun Parsons, KS

Article from The Parsons Sun, May 12, 1930

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Article Text

Wayside Bank Closes Its Doors After Examination May 12. Wayside State Bank Wayside, small near here, open for today. Besley, cashier, sald the bank could not its funds were tied Commercial bank Independence, which closed The bank deposits of capital and dent the Commercial bank. free bond his before court charge embezzlement. Local business men of the failed John Emery, deputy state bank the Wayside bank said closing due the bank's