Peoples State Bank

Episode Information

Episode UID: 83054571489
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 8305457 routing
Routing Number: 83-0545
Start Date: January 1, 1924*
Location: Lebo, Kansas (38.417, -95.853)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c44e0dae0c4882b4

Response Measures

None

Description

Article calls it a failed bank attempting to resume after a large assessment; no explicit run is described.

Events (2)

1. January 1, 1924* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank described as failed; examiner reported poor condition and a 225% assessment on stockholders required to comply with banking department orders.
Newspaper Excerpt: FAILED LEBO BANK TRYING TO REOPEN ... bank examiner Tappen who told of the condition that exists at the bank.
Source: newspapers

2. January 31, 1924 Reopening

Newspaper Excerpt: The meeting of the Peoples State Bank was held as advertised ... A unanimous vote of confidence was given the stockholders. The assessment will be 225 per cent ... the bank will be ready to resume business as soon as all the orders of the banking department can be complied with.
Source: newspapers

Newspaper Articles (1)

1. January 31, 1924 The Madison News Madison, KS

Article from The Madison News, January 31, 1924

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Article Text

FAILED LEBO BANK TRYING TO REOPEN Lebo Enterprise—The meeting of the Peoples State Bank was held as advertised in the Peerless Theater Monday afternoon. The meeting was called to order by Albert Still who told the object of the meeting, followed by bank examiner Tappen who told of the condition that exists at the bank. J. T. King, vice president, J. C. Bayless and president O. E. Williams addressed the meeting. These men made it plain that it wasn't money they wanted. All that they asked was that the depositors protect them against a run on the bank. The meeting was then turned over to the depositors and was addressed by Geo. and Clifford Ott, John Fulk and Dr. Lusk. A unanimous vote of confidence was given the stockholders. The assessment will be 225 per cent and will fall heavy on some of the stockholders. But every dollar is in sight and the bank will be ready to resume business as soon as all the orders of the banking department can be complied with.