Bank of Stafford - Stafford, KS

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: *
Location: Stafford, Kansas (37.962, -98.601)

Metadata

Model: gpt-5-mini
Short Digest: c5773063

Response Measures

None

Description

Article (Hutchinson Gazette, 1897-09-09) reports the Bank of Stafford was liquidated and reorganized into St. John Trust Co.; depositors paid in full and stockholders paid 100 cents on the dollar. No run is mentioned; this appears to be a voluntary liquidation/closure.

Events (1)

1. * Suspension

Cause: Voluntary Liquidation
Cause Details: Bank of Stafford was liquidated and its business reorganized into the St. John Trust Co.; depositors paid in full and stockholders paid in full.
Newspaper Excerpt: The two first named banks liquidated ... not only paid their depositors in full, but paid the stockholders 100 cents on the dollar.
Source: newspapers

Newspaper Articles (1)

1. September 9, 1897 Hutchinson Gazette Hutchinson, KS

Article from Hutchinson Gazette, September 9, 1897

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Article Text

A New Institution. A new enterprise of considerable magnitude is now embarking in this city. It is the business of the St. John Trust Co. This company is a reorgan ization of the corporations that operated the Bank of Stafford, the St. John Bank of Commerce and the Macksville State Bank. The two first named banks liquidated but the last is still running. The banks which liquidated, we are informed, not only paid their depositors in full, but paid the stockholders 100 cents on the dollar. G. H. Burr was president of these banks. Howard Grey was cashier of the Bank of Commerce and Mr. A. E Asher of the Bank of Stafford. Mr. Gray and Mr. Asher will take charge of the business in this citv and Mr. Burr expects to reside in Boston where he will look after the eastern end of the business as a number of large investors of New England are bebind the concern in considerable part. Mr. Asher is now moving here and the office is being fitted up. The business of the company is to be