Farmers State Bank - Smith Center, KS

Episode Information

Episode UID: 83129571487
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8312957 routing
Routing Number: 83-1295
Start Date: November 1, 1923
Location: Smith Center, Kansas (39.779, -98.785)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a9ec1657eea6447a

Response Measures

None

Description

Date inferred from article phrase 'last Thursday morning' relative to publication date.

Events (1)

1. November 1, 1923 Suspension

Cause: Government Action
Cause Details: Placed in hands of the state banking department due to carrying too much bad paper and poor condition of affairs.
Newspaper Excerpt: The Farmers State Bank of Smith Center was placed in the hands of the state banking department last Thursday morning.
Source: newspapers

Newspaper Articles (1)

1. November 8, 1923 The Stockton Review and Rooks County Record Stockton, KS

Article from The Stockton Review and Rooks County Record, November 8, 1923

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Article Text

NATIONAL BANK, BELOIT FORCED TO THE WALL. Was First National to Close in State for Several Years. The Union National Bank of Beloit failed to open its doors for business last Monday, the closing being due to the fact that borrowers were unable to make good their indebtedness to the bank. A notice was posted on the door by the board of directors and put in the hands of a special examiner. A heavy run was made Saturday and the bank was virtually without funds at the close of business that day. Representatives of the three other Beloit banks canvassed the situation with the board of directors with a view of taking over or reorganizing the bank but found that it was impracticable. The Union National was a $1,000,000 institution and the first national bank to close in Kansas since 1914. Leo A. Mergen, the cashier and active manager, was also owner of the Scottsville State bank that was closed by the state banking department a few weeks ago. Smith Center Bank Closes. The Farmers State Bank of Smith Center was placed in the hands of the state banking department last Thursday morning. This bank was sledding in the same row that other banks have been doing—carrying too much bad paper. The bank's affairs are in pretty bad shape. It had a number of small depositors, especially among the working class.