National Mortgage Trust Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: October 14, 1933
Location: Topeka, Kansas (39.048, -95.678)

Metadata

Model: gpt-5-mini
Short Digest: f00da29f

Response Measures

None

Description

Article (Kansas City Star, 1933-10-14) reports the failure of the National Mortgage Trust Company of Topeka in connection with the Finney/Boyd bond fraud scandal and describes civil actions to recover losses. OCR errors corrected (tional Mortgage Trust Company -> National Mortgage Trust Company). The piece describes a failure/closure and legal actions but does not describe a depositor run or an explicit temporary suspension prior to closure.

Events (3)

1. October 14, 1933 Other

Newspaper Excerpt: civil suits against the bonding companies ... recover the $150,000 from the National Bank Topeka ground it was an illegal transaction. ... failure the National Mortgage Trust Company Topeka and manipulation state funds in the handling of the Finney transactions ... the three Finney family banks . . . are charged jointly in the mail fraud case . . . . The state prepared charge that Boyd allowed Finney take out the state treasury good securities protect state deposits the three Finney family banks and also that he wrote check for $150,000 used Finney in his deals with the National Bank Topeka . . . These suits ... recover the $150,000 from the National Bank Topeka on the ground it was an illegal transaction. (OCR corrected in places.)
Source: newspapers

2. October 14, 1933 Receivership

Newspaper Excerpt: failure the National Mortgage Trust Company Topeka
Source: newspapers

3. October 14, 1933 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Failure tied to the Finney bond fraud scheme and manipulation of state funds; alleged improper loans and forged collateral involving bank officers and state officials.
Newspaper Excerpt: failure the tional Mortgage Trust Company Topeka
Source: newspapers

Newspaper Articles (1)

1. October 14, 1933 The Kansas City Star Kansas City, MO

Article from The Kansas City Star, October 14, 1933

Click image to open full size in new tab

Article Text

BOND PROBE IS DELAYED SPECIAL HOUSE COMMITTEE WILL NOT MEET UNTIL OCTOBER 24. Resumption Inquiry Securities Scandal and in State Office Had Been Scheduled for Tuesday. TOPEKA BUREAU STAR TOPEKA, Oct. special committee the house of representatives investigating the bond scandal irregularities state offices will meet again October 24 to continue the inquiry. This the information given Governor Alf M. Landon and Fred M. Harris, chief counsel for the state, Judge Bloss Winfield, chairman the who advised them by telephne he had sent out notices calling the meetThe committee scheduled to meet next When journed following the examination of the Roland Boynton, attorney general, for and French, auditor, the committee directed the state's have vestigators prepare abstract of the evidence had obtain additional material which the committee wanted to amine. READY IN WEEK. Senator Harris today said would be about week before the abstract could be It intended have the document ready for distribution the house when the called about 30 The federal grand jury to meet Topeka begin the inquiry into the operations Ronald Finney The grand jury do with the operations Finney in the National Bank of peka, where he carried large loans and the spurious bonds he forging collateral. He charged fedusing the mails furtherance scheme to defraud. Finney, Leland confidential clerk, and Tom Boyd, former state treasurer, are charged jointly in the mail fraud case. EGAN HANDLES CIVIL SUITS. Roland Boynton, attorney general, today announced that Judge Egan, special assistant attorney eral, had been directed to charge of civil suits against the bonding companies which wrote the bond for Tom Boyd state treasurer. These suits will be brought to collect from the bonding the losses which the state may sustain the result the failure the tional Mortgage Trust Company Topeka and manipulation state funds in the handling of the Finney transactions in the National Bank of Topeka the three Finney family banks. The state prepared charge that Boyd allowed Finney take out the state treasury good securities protect state deposits the three Finney family banks and also that he wrote check for $150,000 used Finney in his deals with the National Bank Topeka. These suits in addition the in by the special attorneys recover the $150,from the National Bank Topeka ground it was an illegal transaction.