6885. Union State Bank (Mound City, KS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 20, 1930
Location
Mound City, Kansas (38.143, -94.814)

Metadata

Model
gpt-5-mini
Short Digest
51af4043

Response Measures

Full suspension

Other: Receiver paid depositors partial dividends in 1931 (35% announced Feb 1931; 25% paid by July 1931 per articles).

Description

Newspaper reports state the bank failed to open its doors on Oct 1930 after recent heavy withdrawals (a run). The bank did not resume operations; receiver payments to depositors are reported in Feb 1931 (35%) and July 1931 (additional 25% payment noted). Sequence indicates a run leading to suspension and permanent closure with receiver disbursements.

Events (4)

1. October 20, 1930 Run
Cause Details
Recent heavy withdrawals (run) precipitating the bank's inability to open; article does not attribute to a specific rumor or external failure.
Newspaper Excerpt
It is believed recent heavy withdrawals led to the closing of the bank.
Source
newspapers
2. October 20, 1930 Suspension
Cause Details
Bank failed to open following heavy withdrawals; effectively suspended operations/closed and did not resume.
Newspaper Excerpt
The Union State bank at Mound City, Kas., ... failed to open its doors for business today.
Source
newspapers
3. February 4, 1931 Receivership
Newspaper Excerpt
He fixed Feb. 9th as the date for funding depositors in the Union State bank of Mound City 35 cent of their deposits on when the bank failed Oct.; Chas. W. Johnson, former Dwight banker who is now state bank receiver, made an announcement today ... funded depositors 35 percent when the bank failed Oct.. The Union State bank of Mound City referenced as failed Oct.; receiver to pay 35%.
Source
newspapers
4. July 10, 1931 Receivership
Newspaper Excerpt
The Union state of Mound City was paid 25 per cent yesterday.
Source
newspapers

Newspaper Articles (3)

Article from Kansas City Journal, October 20, 1930

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Article Text

KANSAS BANK FAILS TO OPEN ITS DOORS FT. SCOTT. KAS., Oct. (Special)-The Union State bank at Mound City, Kas., twenty-eight miles northwest of here. failed to open its doors for business today. T. Stuart is president of the institution, which was organized about fifteen years ago. The capital stock of the bank is $20,000. It is believed recent heavy withdrawals led to the closing of the bank. WOMEN PLAN POLITICAL TEA. Democratic women of the Ninth ward will give a tea tomorrow afternoon in Geary's hall, Independence avenue and Benton boulevard. Capdidates will speak,


Article from Council Grove Republican, February 4, 1931

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Article Text

Chicago Man Nailed in Coffin By Friends Who Tried To Put Him in Open Grave Chicago, Feb. on information given them by George Wittbrod whom they found confined in coffin like box on lonely road today, police have arrested seven youths for questioning The group is being on charge kidnapping Wittbrod, torturing him and then leaving him in an open grave. The police announce that the youths have to the abduction of the man, but they insist the affair was simply done joke" tells he was taken from hall where was loafing cemetery distance from was forced into coffand gagged. He said the lid the box was then nailed down and the men tried to lower the box into grave. They unsuccessful in getting it into the earth, so hooked to automobile and dragged where found this morning. BOOTLEGGERS USE 'EM The possession of post hole digger sufficient grounds owner may be bootlegger Sheriff Parker states that post hole digger has become standard equipment in the car of bootlegger. Slick rummies leave gallon containers booze along fence rows in the country until they can run into town. locate customers and make sales. little grass scattered over the hole effectively conceals from plying eyes. Really smart bootleggers bore holes under cover of darkness and rarely do they lose any booze handled in this manner. PAYS 35 PERCENT Chas. W. Johnson, former Dwight banker who is now state bank receiver, made an announcement today that is of terest one local minister. He fixed Feb. 9th as the date for funding depositors in the Union State bank of Mound City 35 cent of their deposits on when the bank failed Oct. Rev. Congregational minister, had check at the bank when closed. TREES NEED BANDING Trees on the court house lawn were banded with tanglefoot preparation few days ago and this morning literally hundreds canker worms are imbedded the mixture. Trees not so banded will have their foliage destroyed by these insects latin the spring.


Article from Council Grove Republican, July 10, 1931

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Article Text

TO PAY DEPOSITORS Topeka, July W. Johnstate will depositors of the Mildred pay state bank 15 per cent on July The state bank will receive 20 per cent payment, the Wulfkuhler bank of Leavenworth 40 per cent. The Union state of Mound City was paid 25 per cent yesterday.