Farmers State Bank - Mulvane, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 28, 1933
Location: Mulvane, Kansas (37.474, -97.244)

Metadata

Model: gpt-5-mini
Short Digest: 36a88123

Response Measures

None

Description

Article (Wichita Beacon, 1933-06-20) describes the Farmers State Bank of Mulvane as 'now defunct' and that the receiver will pay a final dividend June 28-30, 1933. No run or temporary suspension is described; the bank is in receivership and being wound up following a large embezzlement by its former cashier. Included an embezzlement episode as background.

Events (2)

1. June 28, 1933 Receivership

Newspaper Excerpt: The bank which Rosecrants wrecked is to pay its final dividend June 28, 29 and 30.
Source: newspapers

2. * Other

Newspaper Excerpt: Seven years after embezzling $340,000 from the now defunct Farmers State Bank of Mulvane, J. L. Rosecrants, former cashier,...
Source: newspapers

Newspaper Articles (1)

1. June 20, 1933 The Wichita Beacon Wichita, KS

Article from The Wichita Beacon, June 20, 1933

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Article Text

ASKS DIVIDENDS Rosencrants Wants Money from Bank He Wrecked WELLINGTON, KAN., June 20.It may be a weak attempt at humor, or maybe just plain "crust," but anyway residents of Mulvane, Kan., are plenty sore. Here's why: Seven years after embezzling $340,000 from the now defunct Farmers State Bank of Mulvane, J. L. Rosecrants, former cashier, now writes Fred Barnes, assistant receiver, requesting him not to overlook two small dividend checks of his children. Rosecrants stated in his letter that the certificates had been lost but "hoped" that the checks could be mailed. Unfortunately, Mr. Barnes states. the checks will not be mailed because the certificates must be presented with the claims. The bank which Rosecrants wrecked is to pay its final dividend June 28, 29 and 30. The former cashier served between five and six years in the Kansas penitentiary for his crime, after hastening to Wellington to plead guilty. The bank crash, the largest ever to occur in Sumner county, left scores of aged Mulvane residents without a cent to show for lifetime of saving. Upon being released from prison, he joined his family at Lawrence Kan., later to move to New Orleans, La., from whence the bank receiver received his letter.