7266. Bank of Kentucky (Lexington, KY)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
February 11, 1914
Location
Lexington, Kentucky (37.989, -84.478)

Metadata

Model
gpt-5-mini
Short Digest
376167dc

Response Measures

None

Description

Articles report the Bank of Kentucky (Lexington) was placed in temporary receivership (Feb 1914), then permanent receivership (Mar 13, 1914) and later a receiver was appointed to wind up the defunct bank (Jul 3, 1914). There is no mention of a depositor run; closure is by court/receiver action. One article (Apr 21) says the bank had been closed for more than a year while trying to reopen — this may reflect earlier suspension history or OCR/context nuance. Classified as suspension leading to permanent closure (receivership).

Events (4)

1. February 11, 1914 Suspension
Cause
Government Action
Cause Details
Placed in the hands of a temporary receiver by court action, indicating suspension of operations.
Newspaper Excerpt
The Bank of Kentucky of Lexington has been placed in the hands of a temporary receiver.
Source
newspapers
2. March 13, 1914 Receivership
Newspaper Excerpt
Permanent Recevership. Lexington-Circuit Judge Kerr has made permanent the receivership of the Bank of Kentucky, granted temporarily several weeks ago, appointing Attorney William Worthington in charge....the bank was given until Tuesday to pay $20,000 cash and $30,000 worth of notes and merchantable paper. The bank's affairs have been in the courts for some years. The officials say they expect to make such settlements that it will reopen. (Bourbon News, 1914-03-13).
Source
newspapers
3. April 21, 1914 Other
Newspaper Excerpt
SUIT FOR RECEIVER FOR 'BANK. Lexington, Ky.-J. W. Marr, a stockholder in the Bank of Kentucky, filed suit for a receiver for the affairs of that institution, which is trying to reopen after having been closed for more than a year.
Source
newspapers
4. July 3, 1914 Receivership
Newspaper Excerpt
WORTHINGTON APPOINTED RECEIVER OF DEFUNCT BANK. Judge Charales Kerr, of Lexington, Wednesday appointed William Worthington receiver for the defunct Bank of Kentucky, with instructions to wind up its affairs. This action has for some time been deferred under the representation of some of the stockholders that there was a chance for reorganization and reopening of the bank.
Source
newspapers

Newspaper Articles (4)

Article from The Hartford Herald, February 11, 1914

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Article Text

The Bank of Kentucky of Lexington has been placed in the hands of a temporary receiver.


Article from The Bourbon News, March 13, 1914

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Article Text

Permanent Recevership. Lexington-Circuit Judge Kerr has made permanent the receivership of the Bank of Kentucky, granted temporarily several weeks ago, appointing Attorney William Worthington, in charge. The case came up Saturday and the bank was given until Tuesday to pay $20,000 cash and $30,000 worth of notes and merchantable paper. The bank's affairs have been in the courts for some years. The officials say they expect to make such settlements that it will reopen.


Article from The Madisonian, April 21, 1914

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Article Text

SUIT FOR RECEIVER FOR 'BANK. Lexington, Ky.-J. W. Marr, a stockholder in the Bank of Kentucky, filed suit for a receiver for the affairs of that institution, which is trying to reopen after having been closed for more than a year.


Article from The Bourbon News, July 3, 1914

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Article Text

WORTHINGTON APPOINTED RECEIVER OF DEFUNCT BANK. Judge Charales Kerr, of Lexington, Wednesday appointed William Worthington receiver for the defunct Bank of Kentucky, with instructions to wind up its affairs. This action has for some time been deferred under the representation of some of the stockholders that there was a chance for reorganization and reopening of the bank.