6844. Marion National Bank (Marion, KS)

View Charter #7911 on SPMC

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 7911
Charter Number: 7911
Start Date: January 9, 1914
Location: Marion, Kansas (38.348, -97.017)

Metadata

Model: gpt-5-mini
Short Digest: ad9c4156

Response Measures

Full suspension, Books examined

Other: Closed pending action of stockholders; Comptroller ordered examiner to investigate (article 1).

Receivership Details

Date receivership started: 1914-01-12
Date receivership terminated: 1914-01-26
OCC cause of failure: Run

Description

Multiple contemporaneous reports (dated Jan 10, 1914) state a small run occurred and the bank failed to open on Jan 10, 1914, being closed pending action of stockholders after the sudden death of the cashier and heavy stockholder Brown Cowley/Crowley. No article reports a reopening or receivership, so outcome is uncertain.

Events (5)

1. September 15, 1905 Chartered

Source: historical_nic

2. January 9, 1914 Run

Cause: Bank Specific Adverse Info
Cause Details: Sudden death of the cashier and heavy stockholder (Brown Cowley/Crowley) prompted a flurry and a small run.
Measures: None reported specifically as anti-run measures; subsequent action was to close pending stockholders' meeting.
Newspaper Excerpt: There was a small run on the bank yesterday.
Source: newspapers

3. January 10, 1914 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank failed to open following the small run and the death of the cashier/heavy stockholder; directors closed the bank pending stockholders' action.
Newspaper Excerpt: The Marion National bank failed to open today and it was announced the institution would be closed pending action by the stockholders.
Source: newspapers

4. January 12, 1914 Receivership

Source: historical_nic

5. January 26, 1914 Restored To Solvency

Source: historical_nic

Newspaper Articles (10)

1. January 10, 1914 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 10, 1914

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Article Text

BANK CLOSESDOOR Marion National Victim of a Run by Its Depositors. Death of Heaviest Stockholder Brings About Investigation. Marion, Kan., Jan. 10.-The Marion National bank failed to open for business today, pending action of the stockholders. Brown Cowley, the largest stockholder and the cashier, died suddenly last week. There was a flurry in money circles at Marion. yesterday and a small run resulted at the Marion National: It was established in 1905 and has a capital of $25,000. Following Acting Comptroller Kane of the currency bureau has ordered National Bank Examiner J. P. Burns from Salina, Kan., to look into the closing of the Marion National bank. no report further than a telegram from the directors announcing the closing had been received here.

2. January 10, 1914 Harrisburg Telegraph Harrisburg, PA

Article from Harrisburg Telegraph, January 10, 1914

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Article Text

KANSAS BANK CLOSES Marion, Kan., Jan. 10.-The Marion National Bank failed to open to-day and it was announced the institution would be closed pending action by the stockholders. Brown Cowley, cashier and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It has a capital of $125,000 and was established in 1905.

3. January 10, 1914 The Fargo Forum and Daily Republican Fargo, ND

Article from The Fargo Forum and Daily Republican, January 10, 1914

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Article Text

Bank Closed Doors. Marion, Kans., Jan. 10.-The Marion National bank failed to open its doors. It was announced the institution would be closed pending action by the stockholders. Brown Cowley, the cashier and one of the heaviest stockholders, died last week. There was a small run yesterday. The bank has a capital of $125,000. It was established in 1905.

4. January 10, 1914 Evening Times-Republican Marshalltown, IA

Article from Evening Times-Republican, January 10, 1914

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Article Text

ANOTHER BANK FAILURE. Marion National of Marion, Kan., Fails to Open Doors. Marion, Kan., Jan. 10.-The Marion National Bank failed to open today and it was announced that the institution would be closed pending action of the stockholders. Brown Crowley, cashier, and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It has a capital of $100,000 and was established in 1905.

5. January 10, 1914 The Daily Telegram Clarksburg, WV

Article from The Daily Telegram, January 10, 1914

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Article Text

SMALL RUN On a Kansas National Bank Causes It to Close Its Doors Today. (BY ASSOCIATED PRESS) MARION, Kan., Jan. 10.-The Marion National Bank failed to open today and it was announced the institution would be closed pending action by the stockholders. Brown Cowley, cashier, and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It has a capital of $125,000 and was established in 1905.

6. January 10, 1914 The Guthrie Daily Leader Guthrie, OK

Article from The Guthrie Daily Leader, January 10, 1914

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Article Text

CASHIER DEAD: BANK IS CLOSED RUN ON KANSAS NATIONAL BANK CAUSES OFFICERS TO CLOSE DOORS Marion, Kas., Jan. 10-The Marion National bank failed to open its doors today, pending the action of the Brown stockholders. Cowley, the bank's cashier, and a heavy stockholder, died last week. There was a small run on the bank yesterday. The bank was established in 1905 and has a capital stock of twentyfive thousand dollars.

7. January 10, 1914 The Fairmont West Virginian Fairmont, WV

Article from The Fairmont West Virginian, January 10, 1914

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Article Text

KANSAS BANK CLOSES. Death of Cashier Starts Small Run on Institution. MARION, Kansas, Jan. 10.-The Marion National Bank failed to open today and it was announced the institution would be closed pending ac+ tion by stockholders. Brown Cowley, cashier; and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It had a capital of $125,000 and was established in 1905,

8. January 10, 1914 The Bridgeport Evening Farmer Bridgeport, CT

Article from The Bridgeport Evening Farmer, January 10, 1914

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Article Text

MARION BANK CLOSES PENDING NEW ACTION Marion, Kas., Jan. 10-The Marion National bank failed to open today and it was announced that the institution would be closed pending action by the stockholders. Brown Cowley, cashier and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It has a capital of $125,000 and was established in 1905.

9. January 11, 1914 The Pensacola Journal Pensacola, FL

Article from The Pensacola Journal, January 11, 1914

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Article Text

A KANSAS BANK IS IN TROUBLE BY ASSOCIATED PRESS. Marion, Kans., Jan. 10.-The Marion National bank failed to open today and it was announced the institution would be closed pending action by the stockholders. Brown Crowley, cashier, and one of the heaviest stockholders, died last week. There was a small run on the bank yesterday. It has a capital of $125,000 and was established in 1905.

10. January 15, 1914 The Mitchell Capital Mitchell, SD

Article from The Mitchell Capital, January 15, 1914

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Article Text

KANSAS BANK CLOSED AFTER CASHIER'S DEATH Marion, Kan.-The Marion National Bank today failed to open its door. It is announced the institution will be closed pending action by the stock holders. Brown Cowley, cashier, one of heaviest stockholders, died last week. There was a small run yesterday. The capital is $125,000 and the bank was established in 1905.