Moline National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8369
Charter Number: 8369
Start Date: April 12, 1926
Location: Moline, Kansas (37.360, -96.304)

Metadata

Model: gpt-5-mini
Short Digest: 4289d555

Response Measures

None

Receivership Details

Depositor recovery rate: 22.6%
Date receivership started: 1926-04-12
Date receivership terminated: 1931-03-31
OCC cause of failure: Economic conditions
Share of assets assessed as good: 28.1%
Share of assets assessed as doubtful: 28.7%
Share of assets assessed as worthless: 43.2%

Description

OCR-corrected text indicates Moline National Bank failed to open doors this morning and the directors of the Elk State Bank (owned by same interests) voluntarily closed the institution. No mention of a depositor run or reopening; treated as a suspension that resulted in closure. Cause classified as voluntary closure by directors per article language; degree of permanence is not explicitly stated but no reopening is reported.

Events (3)

1. September 18, 1906 Chartered

Source: historical_nic

2. April 12, 1926 Receivership

Source: historical_nic

3. April 12, 1926 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors failed to open Moline National Bank and the directors of affiliated Elk State Bank voluntarily closed the institution; both owned by same interests, per article wording suggesting a voluntary shutdown by management rather than depositor run or government action. (OCR corrected) File text: Moline National bank failed to open doors this morning and directors of the Elk State bank, owned by the same interests, voluntarily closed the institution.
Newspaper Excerpt: Moline National bank failed open doors morning ... directors the Elk State bank ... owned by the same ... voluntarily closed institution.
Source: newspapers

Newspaper Articles (1)

1. April 12, 1926 The Emporia Gazette Emporia, KS

Article from The Emporia Gazette, April 12, 1926

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Article Text

Banks at Elk Falls and Moline Reported Closed April Word received the state banking today closing Elk county banks. Moline National bank failed open doors morning and directors the Elk State bank. owned by the same terests, voluntarily closed stitution. There no information as the condition of either bank.