Citizens State Bank

Episode Information

Episode UID: 8148761191482
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 814876119 hash
Start Date: June 14, 1923
Location: Lane, Kansas (38.440, -95.082)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 436d3c6764f2cd7e

Response Measures

None

Events (1)

1. June 14, 1923 Suspension

Cause: Government Action
Cause Details: State Bank Commissioner ordered the bank closed due to inability to collect loans and losses; commissioner said there is no chance of reorganization.
Newspaper Excerpt: the Citizens State bank of Lane was ordered closed by State Bank Commissioner Carl J. Peterson.
Source: newspapers

Newspaper Articles (1)

1. June 22, 1923 The Miami Republican Paola, KS

Article from The Miami Republican, June 22, 1923

Click image to open full size in new tab

Article Text

LANE STATE BANK CLOSES ITS DOORS Thursday of last week the Citizens State bank of Lane was ordered closed by State Bank Commissioner Carl J. Peterson. The bank's trouble was on inability to collect loans. The losses will not exceed $25,000. The bank was chartered in 1895. It has capital of $10,000 and surplus of $8,000, the deposits at time of last statement being $111,000. Depositors are protected by the state guaranty fund. E. F. Abbott is president of the bank; Robert Sturgeon, vice president; S. D. Needham, cashier; B. B. Rowland, assistant cashier. Directors are: Mr. Abbott, Mr. Sturgeon, Mr. Needham, Kathereine Hylton, Eva B. Morris, Hattie A. Baker. Monday Commissioner Peterson stated: "There isn't a chance the bank at Lane will be reorganized."

Episode Information

Metadata

Response Measures

Events (1)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

Flag Article for Review

Flag Episode for Review