6837. Farmers & Stockmens State Bank (Manhattan, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 16, 1930
Location
Manhattan, Kansas (39.184, -96.572)

Metadata

Model
gpt-5-mini
Short Digest
4b7cd68f

Response Measures

None

Description

OCR-corrupted articles report the Farmers' Stockmens State Bank of Manhattan closed its doors in September 1930 and a receiver (Rhine) was appointed. Cause given as frozen loans (interpreted as bad/frozen loans). No mention of a depositor run prior to suspension; receiver appointment indicates permanent closure. Dates taken from publication (Sept 16 and Sept 18, 1930); event dated to Sept 1930. Corrected obvious OCR errors (e.g., 'Stockdale' / 'Stockmen's' confusion) — bank treated as Farmers & Stockmens State Bank as provided.

Events (2)
1. September 16, 1930 Receivership
Newspaper Excerpt
Rhine, been appointed receiver ... Mr. Rhine was the receiver of the Farmers' Stockmen's State bank Manhattan and with unusually successful handling the affairs of bank.
Source
newspapers
2. September 16, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure attributed to frozen loans (bad or nonperforming loans led to suspension)
Newspaper Excerpt
appointed receiver ... The clos was caused by frozen loans ... The bank capitalized at ... deposits ... Mr. Rhine was the receiver of the Farmers' Stockmen's State bank Manhattan
Source
newspapers

Newspaper Articles (2)
1. September 16, 1930 The Morning Chronicle Manhattan, KS
Article from The Morning Chronicle, September 16, 1930

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Article Text

APPOINT BANK RECEIVER Rhine, been appointed receiver the Stockdale Farmer's which its doors September The closwas caused by "frozen loans' and action the board of The bank capitalized at plus of and deposits Bills payable and bills rediscounted amounted aggregated Rhine the receiver the Farmers' Stockmen's State bank Manhattan creditwith unusually successful cord handling the affairs of bank.

2. September 18, 1930 Manhattan Republic Manhattan, KS
Article from Manhattan Republic, September 18, 1930

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Article Text

BANK RECEIVER Manhattan, appointed receiver the Stockdale Farmer's which doors September The clos caused by "frozen the board of bank at with of deposits 000. Bills payable counted and aggregated Mr. Rhine was the receiver of the Farmers' Stockmen's bank Manhattan and with unusually handling the affairs of that