7152. Winfield Mortgage & Trust Company (Winfield, KS)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 19, 1906
Location
Winfield, Kansas (37.240, -96.996)

Metadata

Model
gpt-5-mini
Short Digest
357790a6

Response Measures

None

Description

Articles (Jan 19, 1906) report a receiver (F. K. Robinson) for Winfield Mortgage & Trust Co.; examiner found the receiver diverted $30,000–$50,000 of the trust company's funds. No mention of a depositor run or a temporary suspension/reopening — the bank was in receivership/closure due to embezzlement by the receiver.

Events (1)

1. January 19, 1906 Receivership
Newspaper Excerpt
The report ... of his examination of the accounts of F. K. Robinson, receiver of the Winfield Mortgage and Trust company, was filed ... The report holds that the receiver has diverted to his own use from $30,000 to $50,000 of the trust company's money.
Source
newspapers

Newspaper Articles (2)

Article from The Topeka State Journal, January 19, 1906

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Article Text

WINFIELD RECEIVER SHORT. Expert Examination Shows Funds Were Diverted. Winfield, Kas., Jan. 19.-The report of H. E. Patterson, expert accountant, of his examination of the accounts of F. K. Robinson, receiver of the Winfield Mortgage and Trust company, was filed in the district court here late Thursday. The receiver was appointed at the request of the Norway Plains Savings bank. The report holds that the receiver has diverted to his own use from $30,000 to $50,000 of the trust company's money. The report says that with proper management the stockholders of the trust company would have received their property and an unimpaired capital of $50.000. The examination was made at the request of W. C. Robinson, who is an uncle of the receiver.


Article from Abilene Weekly Reflector, January 25, 1906

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Article Text

Receiver Used the Funds. Winfield, Kan., Jan. 19.-The report of H. E. Patterson, an expert accountant, of his examination of the accounts of F. K. Robinson, receiver of the Norway Plains Savings bank vs. Win. field Mortgage and Trust company, filed in the district court, was made public Thursday. The report declares that the receiver has diverted to his own private use from $30,000 to $50,000 of the trust company's money.