7099. Wayside State Bank (Wayside, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 12, 1930
Location
Wayside, Kansas (37.125, -95.873)

Metadata

Model
gpt-5-mini
Short Digest
7317f2b2

Response Measures

None

Description

The bank suspended on May 12, 1930 and did not resume business. Articles state it did not open for business today and that its funds were tied up in the Commercial National Bank at Independence (which closed March 13). Later reporting (Dec 1930) refers to actions by the state bank receiver and dividend payments, consistent with a permanent closure/receivership. Cause classified as correspondent failure (funds tied up at correspondent bank).

Events (3)
1. May 12, 1930 Suspension
Cause
Correspondent
Cause Details
Most of Wayside's funds were tied up in Commercial National Bank at Independence, which had closed on March 13, leaving Wayside unable to open/sustain operations.
Newspaper Excerpt
The Wayside State bank, at Wayside, a small town near here, did not open for business today. E. R. Beesley, cashier, said the bank could not continue in business because most of its funds were tied up in the Commercial National Bank at Independence, Kans., which closed March 13.
Source
newspapers
2. May 15, 1930 Other
Newspaper Excerpt
The state banking department today levied double liability assessment against the stockholders of the closed Wayside State bank, which suspended operations Monday. George Bees-
Source
newspapers
3. December 3, 1930 Receivership
Newspaper Excerpt
Five per cent will be paid by the Union State bank of Kansas City, per the Wayside State bank, cent by the Tyro state bank and per cent by the Hamilton state bank. ... Johnson, state bank receiver today. (Article context lists dividends and mentions state bank receiver.)
Source
newspapers

Newspaper Articles (4)
1. May 12, 1930 Carthage Evening Press Carthage, MO
Article from Carthage Evening Press, May 12, 1930

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Article Text

WAYSIDE, KANS, BANK FAILS Believed to Be Echo of Crash at Independence (By The Press) Independence, Kans., May 12.-The Wayside State bank, at Wayside, a small town near here, did not open for business today. E. R. Beesley, cashier, said the bank could not continue in business because most of its funds were tied up in the Commercial National Bank at Independence, Kans., which closed March 13. John R. Emery, deputy state bank examiner, said examination made so far indicated there should be little loss, if any, following the bank's suspension of business.

2. May 12, 1930 The Parsons Sun Parsons, KS
Article from The Parsons Sun, May 12, 1930

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Article Text

Wayside Bank Closes Its Doors After Examination May 12. Wayside State Bank Wayside, small near here, open for today. Besley, cashier, sald the bank could not its funds were tied Commercial bank Independence, which closed The bank deposits of capital and dent the Commercial bank. free bond his before court charge embezzlement. Local business men of the failed John Emery, deputy state bank the Wayside bank said closing due the bank's

3. May 15, 1930 The Parsons Sun Parsons, KS
Article from The Parsons Sun, May 15, 1930

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Article Text

LEVY ASSESSMENT (A)-The state banking department today levied double liability assessment against the stockholders of the closed Wayside State bank, which suspended operations Monday. George Bees-

4. December 3, 1930 Council Grove Republican Council Grove, KS
Article from Council Grove Republican, December 3, 1930

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Article Text

NYE FINDS MORE Washington, Dec. expenditure of $272,312 for the primary ticket in Pennsylvania over the amount reported last Spring has been uncovered by Senator Nye's vestigating committee. SenaDavis was seated by suddenly taken vote late yesterday CANADIAN WHEAT WINS Chicago, Dec. United States lost its reputation for growing fine milling wheat today. Herman Trelle of Wembly Alberta. Canada, won the grand championship wheat at the International Livestock show. LOST BUT THREE MEN Washburn, Dec championship Ichabod football team laid away its togs until next year, when but three of this years team will again the blue and white jerseys. Only Captain Shaw, Phil hambleton and Alf Reid are lost to the team A survey the season just played reveals that the Ichabods won eight of the ten games played. They scored points to their opponents ROAD PLAN Topeka, Dec. the Iowa plan and the expenditure of for road construction in Kansas ing the next five years yesterday to the next legislature by the Kansas highway league. The recommendation for permanent roads to replace the present gravel. Counties authorizto issue bonds to taken by the state under the Iowa plan. FINE FOR XMAS Topeka, Dec. of the Leon Farmers bank will ceive per cent dividend from Johnson, state bank receiver today. Five per cent will be paid by the Union State bank of Kansas City, per the Wayside State bank, cent by the Tyro state bank and per cent by the Hamilton state bank. HEAVY SCHEDULE Lawrence. Dec. Bishop forward, "Frosty" Cox, guard, ranked last year allmaterial in the basket ball field, are again out basketball The schedule of 18 games starts with game agaist Washburn at peka, Dec. 16. NEW POSTOFFICE Topeka, Dec. has new postoffice. Washburn lege outside the city limits and has been granted its postoffice. In the future mail may be addressed to Washburn, Kansas, and reach the college. DEMOS SPENT Dec. campaign expenses handled the state committee amounted only according to an account filed vesterday. this amount was spent for printing. SET TRIPLETS Garden Dec. set of triplets were born Monday Mr. and Mrs. C. Brown this county. The youngsters wereall boys and increase the Brown family roll call to seven. CLINIC McPherson, Dec. tuberculosis clinic will be held in this county Thursday by state thorities.