Citizens State Bank - Sabetha, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 16, 1932
Location: Sabetha, Kansas (39.902, -95.801)

Metadata

Model: gpt-5-mini
Short Digest: d65d0cd8

Response Measures

None

Description

OCRed article (York News-Times, 1932-01-16) reports the closed Citizens State Bank of Sabetha; directors 'voluntarily place the affairs of the bank in the hands of Bank Examiner Wright' indicating voluntary suspension and placement with examiner (effectively closure/receivership). No explicit run is described.

Events (3)

1. January 16, 1932 Other

Newspaper Excerpt: final dividend of the closed Citizens State bank of Sabetha; the bank failed to open its doors this morning; president stated dwindling reserve caused by deposits diminishing faster than loans could be retired caused the directors voluntarily place the affairs of the bank in the hands of Bank Examiner Wright of the tenth federal district Kansas City.
Source: newspapers

2. January 16, 1932 Receivership

Newspaper Excerpt: directors voluntarily place the affairs of the bank in the hands of Bank Examiner Wright of the tenth federal district Kansas City.
Source: newspapers

3. January 16, 1932 Suspension

Cause: Voluntary Liquidation
Cause Details: Directors voluntarily placed affairs in hands of Bank Examiner Wright (10th Federal District), effectively closing the bank and arranging examiner/receiver supervision.
Newspaper Excerpt: directors voluntarily place the affairs of the bank in the hands of Bank Examiner Wright of the tenth federal district Kansas City.
Source: newspapers

Newspaper Articles (1)

1. January 16, 1932 York News-Times York, NE

Article from York News-Times, January 16, 1932

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Article Text

BANK Because the officers of the National Bank of Sabetha were loath to cept deposits which would result day from the payment of the final dividend of the closed Citizens State bank of Sabetha, the bank failed open its doors this morning. The nal Citizens bank dividend amountThere was no run on the National Bank of but president, stated slowly dwingling reserve caused by déposits diminishing faster than loans could be retired caused the directors voluntarily place the affairs of the bank in the hands of Bank Examiner Wright of the tenth federal district Kansas City.