Bank of Powhattan - Powhattan, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 5, 1930
Location: Powhattan, Kansas (39.762, -95.630)

Metadata

Model: gpt-5-mini
Short Digest: 2548ac56

Response Measures

None

Description

Articles (1930-1932) state the Bank of Powhattan was declared insolvent and a receiver (Charles Johnson) was appointed; receiver paid dividends and later conducted foreclosure sales of assets. No article describes a depositor run prior to suspension. Therefore classified as a suspension leading to closure/receivership.

Events (4)

1. July 5, 1930 Other

Newspaper Excerpt: fourth dividend ... will be paid ... to the depositors of the Bank of Powhattan.
Source: newspapers

2. August 11, 1930 Receivership

Newspaper Excerpt: The bank was declared insolvent. Charles Johnson was appointed receiver.
Source: newspapers

3. August 11, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank declared insolvent; receiver appointed indicating failure due to insolvency.
Newspaper Excerpt: Bank of Powhattan case to the supreme court of Kansas. The bank was declared insolvent. Charles Johnson was appointed receiver.
Source: newspapers

4. January 23, 1932 Receivership

Newspaper Excerpt: pursuant to certain judgment decree foreclosure ... said cause ... Receiver of Bank Powhattan, Kansas ... directed Sheriff ... to sell ... Dated this 23rd day of January, 1932.
Source: newspapers

Newspaper Articles (3)

1. July 5, 1930 Council Grove Republican Council Grove, KS

Article from Council Grove Republican, July 5, 1930

Click image to open full size in new tab

Article Text

TO PAY FOUR Topeka, July of will be paid July in the Girard State depositors bank, so Johnson, state bank receiver, announced. nal dividend of will be paid the State bank, to the Angola band positors and fourth dividend $7,000 those the Bank of Powhattan.

2. August 11, 1930 Hiawatha Daily World Hiawatha, KS

Article from Hiawatha Daily World, August 11, 1930

Click image to open full size in new tab

Article Text

to Higher Bank of Powhattan case to the supreme court of Kansas. The bank was declared insolvent. Charles Johnson was appointed ceiver. Dr. who owned 100 shares of bank stock par value share. his liability. He also owed the bank on note, making section Funk land, pieces, by the bank sheriffs Carl Funk brother of Dr. Funk, bid in the land each piece, total for the section, subject to mortunpaid Judge Ryan. in district court, refused confirm the sales, the grounds that too small Thru his attorneys, Means Carl Funk appealed the decision Judge Ryan to the supreme court.

3. February 18, 1932 The Kiowa County Review Hobart, OK

Article from The Kiowa County Review, February 18, 1932

Click image to open full size in new tab

Article Text

Jan. 25 OF REAL-ESTATE Whereas, on the 23rd. day of Janout District Court KiCounty, Oklahoma, pursuant certain judgment decree foreclosure first 1931, said cause English plaintiff, and R. Funk, Alice M. his Funk, widow. Richard Lee Mason, Charles Receiver of Bank Powhattan, Kansas, RussellThe Gotebo, of corporation, and Mewere defendants, delivered and directed Sheriff County, Oklahoma, commanded sell. appraisement, the real-estate hereincertain judgment as against the fendants, R. Funk. Alice wife, sum the aggregating the sum of which judgment, its bears at rate 10 cent per judgment County as follows, The Southwest of Sec. TownRange Seventeen West M. together with the improve thereunto be and and free clear the rights of each and all of the the proceeds such sale be applied first, payment the and of sale: the judgment in favor the the remainder any there be, be under the further order this Court, NOW THEREFORE, public on the 29th day the hour 00 M., at the House, in the at without the best bid for cash, all of the above the and the said Dated this 23rd. day of January, 1932. ED MOORE Sheriff of Klown County. (SEAL) Attorney for Plaintiff.