7015. Seneca State Savings Bank (Seneca, KS)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
January 30, 1928
Location
Seneca, Kansas (39.834, -96.064)

Metadata

Model
gpt-5-mini
Short Digest
b2da0c59

Response Measures

Full suspension

Other: President's suicide preceded/related to depositor panic; later receivership and dividends paid to depositors.

Description

Newspaper article (Jan 30, 1928) reports the bank president shot himself; directors decide to cease business after a run by depositors. The bank closed doors Jan 30, 1928 and later was in state liquidation/receivership with dividends paid in 1929. OCR errors in articles corrected (e.g., 'Scneca' -> Seneca).

Events (3)

1. January 30, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Suicide of the bank president (Stillwell Allen) led depositors to run on the bank and directors to cease business.
Measures
Directors decided to cease business temporarily to check records; bank closed its doors.
Newspaper Excerpt
Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed.
Source
newspapers
2. January 30, 1928 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Following heavy withdrawals after the president's suicide, directors ceased business and closed the bank's doors.
Newspaper Excerpt
Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed.
Source
newspapers
3. November 29, 1929 Receivership
Newspaper Excerpt
Bank Depositors Are To Be Paid ... A second dividend of 14 per cent ... will paid depositors ... The closed its doors January 30, 1928. (article describing dividend payments by the state banking department).
Source
newspapers

Newspaper Articles (2)

Article from St. Joseph News-Press, January 30, 1928

Click image to open full size in new tab

Article Text

BANK SENECA, HEAD SHOOTS SELF; CONCERN IS CLOSED ALLEN, PRESIDENT OF FIRST SAVINGS, WORRIED OVER ENDS BELIEVE INSTITUTION IS PERFECTLY SOUND Reacing Run by Depositors, Directors Decide to Cease Business Until Check of Records Can Be Completed. SENECA, Jan. Rhodes deputy commisthis mornwith Savings Bank that the institufor can made of the not president of who ended his life yesterday suicide because the feared on the bank would be started conducted today Left Suicide Notes. than hours after tended church meeting terday the body years in his wound his heart and pistol janitor, made the covery. Personal messages found the directed to his wife and the distress Contents the family made public, but understood they and regret. the affairs the Stillwell Allen not in any way the exhoused the same the his Paul the Hospital Fort Colo., causing Mr. Allen's death. Officers Condition. the bank discussed Mr. Allen's before Roy Bone. bank comTopeka. and Herdeclared. absolutely right they don't made run Miss Gladys Maze, assistant cashier, stated that knew Allen's dealings the bank were absolutely right, and that he had done nothing in Irregular way. In discussing relations with the vestment company Miss declared. Allen never used bank bolster up the Stillwell company." Mr. Herold and Miss Maze both that the did the $2,000. Mr. Allen's the company E. Stillwell of PasaThe bank has capital $10,000. Deposits according listed cashier, only held the position and not familiar the details. Leaves Five Children. Allen prominent church influential leader in the Chamber who him day by day, working at his desk, have remarked him that some day would under strain duties he upon Surviving him are his widow and five children John SenPaul Boston, of Wamego, Kan., Ulmer Dayton, Funeral arrangements not made.


Article from Blackwell Journal-Tribune, November 29, 1929

Click image to open full size in new tab

Article Text

Bank Depositors Are To Be Paid ors of the Kansas banks will dividend payments from the state banking department on the dates Charles W Johnson state for failed banks A second dividend of 14 per cent $8.500 will paid deposithe bank Decen ber 18. The bank failed February Depositor bank of will receive second bank April 30 1929 cent A itors of the Scneca First State Sa. ving 19 The closed its doors January 30, 1928.