Scottsville State Bank - Scottsville, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1908*
Location: Scottsville, Kansas (39.544, -97.953)

Metadata

Model: gpt-5-mini
Short Digest: e08c43fd

Response Measures

None

Description

Article (Topeka State Journal, 1908-01-03) reports the Scottsville State Bank failed a few days ago and the state Bank Commissioner went to settle affairs. No run is mentioned; commissioner hopes to liquidate without a receivership. Classified as a suspension leading to closure (permanent failure).

Events (1)

1. January 1, 1908* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is reported to have failed (insolvency) a few days prior; commissioner called to settle affairs and possibly liquidate without receivership.
Newspaper Excerpt: the Scottsville State bank which failed a few days ago. ... Bank Commissioner John Q. Royce went to Scottsville today for the purpose of trying to settle up the affairs
Source: newspapers

Newspaper Articles (1)

1. January 3, 1908 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, January 3, 1908

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Article Text

ROYCE GOES TO SCOTTSVILLE. Will Try to Straighten Out Affairs of a Bank There. Bank Commissioner John Q. Royce went to Scottsville today for the purpose of trying to settle up the affairs of the Scottsville State bank which failed a few days ago. Scottsville is a little town in Mitchell county on the Central Branch of the Missouri Pacific. The stock in the bank, except sixteen shares, is owned by Colonel Phelps. It is believed that the bank can be liquidated without the expense of a receivership, and without any loss except to the stockholders. Bank Commissioner Royce will make an effort to do this before causing the property to be placed in the hands of a receiver.