7128. Farmers State Bank (Wichita, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1933*
Location
Wichita, Kansas (37.692, -97.338)

Metadata

Model
gpt-5-mini
Short Digest
5cf1ab09

Response Measures

None

Description

Articles indicate the Farmers State Bank in Wichita was closed and placed in receivership in January 1933; later actions in late 1933 discuss recovery of state funds and prosecution of the cashier for accepting deposits while insolvent. There is no explicit mention of a depositor run in the provided clippings, so this is classified as a suspension (failure) leading to closure/receivership.

Events (3)

1. January 1, 1933* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent; cashier H. O. Teed is later indicted for accepting deposits when he knew the bank was insolvent; state moved to recover its deposits secured by bonds. Insolvency led to suspension/closing.
Newspaper Excerpt
The Receiver The Farmers Bank, Wichita, Kansas, was appointed January 1933.
Source
newspapers
2. January 14, 1933 Receivership
Newspaper Excerpt
Sam Brown, receiver for the Farmers State bank, was summoned to bring the records of that institution of January 14, 1933; ... Sam Brown, receiver for the Farmers State bank, was summoned to bring the records of that institution of January 14, 1933; record the bonds in the bank; the notes the bank holds, the minute book, and the auditors' report of assets and liabilities. (Wichita Eagle, 1933-10-03).
Source
newspapers
3. December 19, 1933 Other
Newspaper Excerpt
This state moved yesterday to recover state funds on deposit in the Farmers State bank here...the state had $146,176.40 on deposit in the bank...the state's deposit was secured by bonds with face value of $146,000...asked that the state be authorized to participate in dividends of the bank's liquidation (Wichita Eagle, 1933-12-19).
Source
newspapers

Newspaper Articles (3)

Article from The Wichita Eagle, October 3, 1933

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Article Text

GRAND JURORS WILL LOOK TWO BANK RECEIVERSHIPS HERE Men in Charge of Farmers and Merchants Institution Are Summoned TWO WOMEN SERVING One of the first official acts of the grand jury which began service yesterday to reach its inquisitorial hand into two bank receiverships, was apparent summons issued late yesterday by Harvey S. McIntosh, foreman. Sam Brown. receiver for the Farmers State bank, was summoned to bring the records of that institution of January 14. 1933; record the bonds in the bank; the notes the bank holds, the minute book, and the auditors' report of assets and liabilities. Wilson, receiver for the Merchants Reserve State bank was asked appear and to bring records, note the, amount of $25,690; records of $16,000 transaction about January 20" and records of transaction of on February Four were summoned to testify in cases It presumed these will precede the bank ceivers' inquisition, and it was lieved the cases are minor personal character Summoned for these Lois Quiring, 703 South Water: Berdine Hinton. 251 Ohio; Viola Mozingo, 838 South Millwood and Mary Peoples, 1305 North St. Francis. First to appear before the grand jury was Simon Laughlin. His complaint duly filed and taken under advisement. Start Work at M. It was agreed that the grand jury would observe the working hours during session of to noon from session only about an hour Some persons came to Judge Grover Pierpont's courtroom yesterday in answer to summons for grand jury service. Thirty were brought from which draw grand case some of the original 15 could not Seven were R. Vanley, Valley Center: Flora Fry school teacher: Harry C. Whalen, 826 West Central; Sarah Grier. Viola; N. Hanson, 416 North Rutan: E. Dye, Oatville, and In the 15 finally sworn and charged are two Three of the men are farmers; there is one salesman, one barber, jeweler; one mechanic, man, an apartment house operator: grain dealer; deputy county treasurer; Baptist minister. and former deputy state fire marshal Judge remarked was varied an assortment of jurors as he ever had seen. Two Women on Jury The jurors Worden, 210 South Poplar, salesman; Harvey S. McIntosh. Cheney, farmer and forcounty commissioner; Kopp. Baker Grain company. 312 South Terrace Drive: H. E. Davenport, 1211 South Lawrence. jeweler; Dan 124 South former state fire marshal; Cliff Pray, route farmer; Lida Wagner, 115 South Poplar, former deputy register of deeds; Mrs. Dora Fidler, housewife, 846 North Green; H. Debbrecht. Andale, farmer; H. Osborn, 1488 Coolidge. deputy county treasurer: Frank White, barber: 125 South Minnesota: Magruder, 1251 Coolidge, Baptist church pastor; C. Skaer, 308 South Market, apartment operator; Wohlgemuth. at the Jones Milling company, 224 North Lorraine, and Nitschke. retired carrier 152 North would be one in this city could have heard the given this grand jury." one member of the panel declared yesterday, after Judge Pierpont had read his charge to the jurors. It required about half an hour to the selection of the 15 There no challenges motions quash the panel entered by attorneys. Judge Pierpont admonished in his instructions that it the direct duty of the grand jury to "diligently inquire all public offenses against the laws this state committed triable within county of which have or can obtain legal evidence.' Consider Liquor Violations The court asked the jurors to consider violations liquor laws; he instructed against the operations of trusts or combines for economic effect. "It has been openly charged in public print," the court continued "that intoxicating liquor and gambling laws this state have are being violated in Sedgwick "Also been similarly charged that banking and bond practices violation of the law as to depositors and investors. charge you that it is your duty to investigate all such matters the subject common and and for whether such rightly made and, so, and if possible, to ferret out the guilty ones to bring in indictments in order that speedy trial may be had you. find that and similar have been unjustly made then your solemn duty to refuse to bring in indictments and by your action silence such charges, placing the blame "These are days of unrest. This always true in times of economical depression. No one is particularly to blame for that. On the other hand no one has right advantage of such situation for personal the expense citizens judge spoke at length upon the general situation of motor trafthe awful toll of death taken by crashes. He declared the motor violations had been upheld by the preme To Inspect County Jail He instructed the jurors they would be required to make an inspection of the county jail as to its sanitation and for the safekeeping prisoners. It is indicated that County Attor-


Article from The Wichita Beacon, November 27, 1933

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Article Text

"MOTHER" ASPEY ILL Condition of Well Beloved Social Worker Is Unchanged The condition of Mrs. America "Mother" Aspey. well known social and church worker. who for many years has held services in the women's quarters of the city jail and who seriously ill at the home of Mrs. W. F. Gilliland. 1647 Jackson, was reported unchanged today. Mrs. Aspey has been confined to her home since she fell and suffered R broken hip last June. She is one of the best beloved women in the city, admired and esteemed alike by the unfortunate women whom she tried to help, by Wichita church workers and members of the police department. Recently. in recognition of her services, the police department secured large-sized portrait of Mrs. Aspey which was hung in the women's quarters of the city jail. NOTICE The statutes of Kansas provide that must be filed the one from the his 80 filed such claims shall be barred from participation in the estate bank. The Receiver The Farmers Bank. Wichita. Kansas, was appointed January 1933.


Article from The Wichita Eagle, December 19, 1933

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Article Text

MOVES TO RECOVER FUNDS IN BANK HERE Receiver for Failed State Banks Ordered to Act in Farmers; State Case This state moved yesterday to recover state funds on deposit in the Farmers State bank here, according to Associated Press dispatches from Topeka. was stated the state had $146,176.40 on deposit in the bank. The move was initiated by Roland Boynton, attorney general, who asked Charles Johnson, general receiver for failed state banks, to proceed with action designed to recover the state money in the failed West Side Boynton said the state's deposit was secured by bonds with face value of $146,000 The attorney general asked that the state be authorized to participate in dividends of the bank's liquidation in recovery of the remainder of the deposit. H. O. Teed, cashier of the failed bank, is faced with prosecution under county grand jury indictment charging that on several counts he accepted deposits for the bank when he knew it was in an insolvent condition. Teed also is defendant to an action recover assets of the bank brought in the name of the receiver.