Lebanon State Bank - Lebanon, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Lebanon, Kansas (39.810, -98.556)

Metadata

Model: gpt-5-mini
Short Digest: 6fcda3ff

Response Measures

None

Description

Article (1930-10-17) reports the Lebanon State Bank was closed some time ago and that the bonding company reimbursed Smith County for about $20,000 of deposits. No run is described; closure appears permanent. Date of closure not given in the article.

Events (1)

1. * Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank had losses leading to closure; bonding company reimbursed county deposits (~$20,000).
Newspaper Excerpt: The bonding company has made good the loss to Smith county of money that was deposited in the Lebanon State Bank, which was closed some time ago.
Source: newspapers

Newspaper Articles (1)

1. October 17, 1930 The Benkelman Post and News-Chronicle Benkelman, NE

Article from The Benkelman Post and News-Chronicle, October 17, 1930

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Article Text

WE ARE OFFERING A section of land with improvements and fenced, rented to the same tenant for a number of years, in Brown county south of Ainsworth on the Calamus River. This is a good hard sandhill land. The river is open all winter. It is on the Star Route, and close to a good school. We are pricing this at $2,500, reasonable terms. Write office or George Lange, Burwell, Nebr. Also have section of grazing land, 61/2 miles from Bartlett. county seat Wheeler county, which we will sell for $1,100. Terms if wanted. Also section of grazing land south of Norway in Thomas county. Price $960. Terms if wanted. Also a section south of Merriman, Nebr. rented. Price $1,920. Terms if wanted Amos Grant Co., Realtors, 212 South 19th, Omaha, Nebr. 23-2tp. The bonding company has made good the loss to Smith county of money that was deposited in the Lebanon State Bank, which was closed some time ago. The amount was around twenty thousand dollars. The bonding company of course will get a portion of this back as the bank pays dividends.-St. Francis Herald.