Reece State Bank - Reece, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 5, 1934
Location: Reece, Kansas (37.799, -96.446)

Metadata

Model: gpt-5-mini
Short Digest: c7c2272d

Response Measures

None

Description

Article (July 5, 1934) states the bank is closed and in liquidation with a receiver paying dividends. No mention of a depositor run; the bank has a receiver and is being liquidated, so classify as suspension leading to permanent closure/receivership.

Events (2)

1. July 5, 1934 Receivership

Newspaper Excerpt: The receiver of the Reece State Bank, liquidation, will pay dividend of twenty cent per 13, to holders of certificates issued for claims filed against said bank. ... Beyer assistant receiver charge of the bank's affairs.
Source: newspapers

2. July 5, 1934 Suspension

Cause: Government Action
Cause Details: Bank placed in liquidation under a receiver; payments made by receiver (formal closure by authorities).
Newspaper Excerpt: The receiver of the Reece State Bank, liquidation, will pay dividend ... This is the fourth dividend disbursement since the closed
Source: newspapers

Newspaper Articles (1)

1. July 5, 1934 The Eureka Herald Eureka, KS

Article from The Eureka Herald, July 5, 1934

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Article Text

Dividend By Reece State Bank The receiver of the Reece State Bank, liquidation, will pay dividend of twenty cent per 13, to holders of certificates issued for claims filed against said bank. This is the fourth dividend disbursement since the closed and makes total per cent paid to depositors during the liquidation period. Beyer assistant receiver charge of the bank's affairs.