Cleburne State Bank (Cleburne, KS)

Episode Information

Episode UID
83069271571
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
8306927 routing
Routing Number
83-0692
Start Date
November 21, 1930
Location
Cleburne, Kansas (39.535, -96.631)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d563169f157eb9bf

Response Measures

None

Description

Articles state board-ordered suspension and accounts turned over to state banking department for liquidation.

Events (3)

1. November 21, 1930 Other
Newspaper Excerpt
turned account over to state banking department for liquidation.
Source
newspapers
2. November 21, 1930 Receivership
Newspaper Excerpt
accounts turned over to Koeneke, state bank examiner for liquidation.
Source
newspapers
3. November 21, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board-ordered suspension citing depleted reserves; bank did not open and was placed under state supervision.
Newspaper Excerpt
the closing of the Cleburne State bank at Cleburn by order of the board of directors ... Depleted reserves was given as the reason for the bank's suspension.
Source
newspapers

Newspaper Articles (5)

Article from Council Grove Republican, November 21, 1930

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Article Text

FINANCIAL CRISIS Nine Banks Close in Two Days in North Carolina Kansas Bank Closed Today Asheville, North Carolina, Nov. national bank here failed to open today. This bank's failure brings the total number of banks close in western North Carolina in days to nine note the door said that the bank been closed to protect its depositors At the last bank call the institution had deposits of million dollars The failure of the Central Bank and Trust company yesterday precipitated financial crisis in this section and within few hours seven smaller banks had closed their doors. Nov. The Topeka, State banking department was notified today of the closing of the Cleburne State bank at Cleburn by order of the board of directors of that institution Depleted reserves was given as the reason for the bank's suspension. FARMS PAY MOST Farm lands contribute more largely than any other one form of towards the total property taxes this county will collect next December. Farms have been asscessed for tital of But utilities, which occupy very little of the county pay surprisingly large part of its general operating to be exact. City property pays $95,027, property in cities and personal property outside cities $64,002. TAX FROM 315 Poll tax has been collected this season from total of 315 Council Grove residents. This slightly less than normally tax. City Clerk R. M. pay poll Armstrong usually collects about but delinquents have not been rounded up as in previous years. REMOVED HIS TONSILS Donald Britt, son of Mrs. Ralph Paine had his tonsils and adenolds removed today at the local RE-ENACT HISTORY Dodge City, Front street, scene of many wild episode Dodge City's younger and wilder days, recentwitnessed re-enactment of some "old time stuff" A. W. Jacobs, who said he hailed from Texas, took the part his Texas forebears, though he carried 410 gauge shotgun rather than and proceeded to "shoot up" Front street hall. W. Ferguson, night policeman, the role of Eary, and took charge of the Texas and his gun to end the modern "shooting up" of Front street. TO FEED UNEMPLOYED Washington, Nov. Senator Arthur Capper said day that he believed Congress would look favorably on the posal that fifty million bushels wheat held the Farm Board used to feed the He said such legislation must provide reimbursement to the board an dsystematic of wheat to mills and then to the Legge he favored such use of wheat the Board reimbursed. TRACE ALCOHOL EFFECTS Wichita, Nov. ita university students are making tests determine the extent of the effects alcohol, ing rats as subjects. The periments are being made in the biology department under direction of Dr. Hazel Branch. Two colonies of rats are being used, both feeding and living identically alike the exceptio nthat one furnished drink.


Article from Bartlesville Examiner-Enterprise, November 21, 1930

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Article Text

NINE NORTH CAROLINA BANKS CLOSED TO DATE The American National at Asheville ville, With Deposits of $2,000,000 Failed to Open This Morning (By the Associated Press) ASHEVILLE, N. C., Nov. 21-The American National bank here failed to open this morning. bringing the total number of banks to close in western North Carolina in two days to nine. The bank had deposits of $2,000,000. Failure of the Central Bank and Trust company of Asheville, fourth largest bank in North Carolina, yesterday, precipitated one financial crisis in this section. More than $4 in city funds and $3,100,000 in county funds was tied up in the closing of the Central company. but officials announced the greater part of the money was covered by collateral. Mayor Gallatin Roberts said arrangements had been made to meet all public payrolls. Teachers in the various schools have voted unanimously to contin whether salaries are paid or not, pending the clearing up of the present difficulties. Total deposits tied up exceed $24,000,000 Two Missouri Banks Closed. (Ry the Associated Press) JEFFERSON CITY, Mo., Nov. 21. The Ripley County Bank and Doniphan with $334,571 resources and the Bank of Edina at Edina in Knox county with $364,175 resources were closed today. Fourteen Kentucky Banks Fail Associated Press) LOUISVILLE. Ky., Nov. 21-The number of banks in Kentucky that have suspended operations during the week was brought to fourteen today with the announcement that recorded. Telephone and telegraph lines were down by the hundreds Trans between Pierre and Huron were despatched last night by short wave retion munication in Leu of regular telegraph faHindreds of automobiles were reported stalled in drifts on highSigney apparently suite more than any other point in western Mebraska. The snow was reported to have drifted as high as the of houses. the Crestwood bank, a small institution in suburb of Louisville would not open this morning. W. A. Dicken, deputy state banking commissioner, said today he believed all Louisville banks not affiliated with the National Bank of Kentucky, first to close, were solvent. Following the closing yesterday of two banks at New Albany, Ind., across the Ohio river from Louisville, other members of the New tion met and pledged aid to each Albany Clearing House associaother should runs develop. A Kansas Bank Fails, (By the Associated Press) TOPEKA. Kan., Nov. 21.-The state bank department was noti fied of the closing of the Cleburne state bank. Cleburne. Negro Bank Fails. NASH Tenn. Nov. The People's Bank and Trust company, operated by negroes, failed to open today.


Article from The Belleville News-Democrat, November 21, 1930

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Article Text

15 MORE BANKS IN SIX STATES (Continued Page weathered steady withdrawals period of two weeks previously. The Cleburne (Kans.) State Bank took similar action and turned account over to state banking partment for liquidation. The bank had The American Exchange Trust Company, Little Rock, Ark whose suspension precipitated the closing Arkansas banks affiliated reached stage in its reorganization today which indicated would be reopened soon. national bank was formed Helena. Ark., to take over the Merchants Planters bank which suspended Monday with deposits of TURTLE SOUP. Ready o'clock Saturday. 502 South Charles Street.


Article from The Knoxville News-Sentinel, November 21, 1930

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Article Text

DANVILLE Fire at Mill Workers Home Follows Blast. bomb ploding between residences of two mill workers set fire last night to the residence of Seay in the Riverside Mill district here. Firemen extinguished the blaze short order. Seay and his family sustained nervous shock. Police were investigating bombing today. Fitzgerald, president of the and Dan River CotMills where approximately 4500 workers have been on strike more than two blamed for the labor situation here in statement William Kelly, second of the United Textile Workers of Amer- Kelly attributed failure to obsettlement with the mills thru Secretary of Labor Fitzgerald's refusal of outside interference said the union would continue its fight for industrial freedom. County State Bank of English the Leavenworth State Bank of the Jackson Township Staet Bank Corydon Junetion old National Bank Trust Co. of Corydon. KANSAS BANK CLOSES Cleburne State Bank of Riley county closed today and accounts turned over to Koeneke, state bank examiner for liquidation. The bank had capital deposits of and loans of $61,210. A new service inaugurated on eastern railroad lunch counter in one the passengers obtain fruit,


Article from New Britain Herald, November 22, 1930

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Article Text

EPIDEMIC OF BANK CLOSINGS SPREADS ' Continued From First Page) affiliated or in which they had deposits. Among the new additions to the list yesterday were four banks in southern Indiana: three in North Carolina at Asheville, Bryson and Hazel: the Bank of Crestwood and the Hopkins County bank in Kentucky: Tennessee institutions at Paris, Nashville and Lenoir City: and the Cleburne, Kan.. State bank. In Arkansas, where more than 50 of the closed banks are located. assurance was given by leading financiers earlier in the week that most of the institutions would reopen as soon as board of directors were given assurance that runs would not be started.