9109. Kansas City Safe Deposit & Savings Bank (Kansas City, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
January 1, 1890*
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
7ae585a5ea33ebde

Response Measures

None

Description

Articles report the Kansas City Safe Deposit and Savings Bank made an assignment (effectively suspended/placed in custody) on July 12, 1893 due to stringency in the money market. They also note the bank had earlier (circa 1890) withstood a run. The assignment indicates permanent closure/receivership rather than a temporary suspension and reopening.

Events (3)
1. January 1, 1890* Run
Cause Details
Article only states the bank withstood a run about three years ago; no trigger provided.
Newspaper Excerpt
The bank successfully withstood a run about three years ago and was considered to be invincible.
Source
newspapers
2. July 12, 1893 Receivership
Newspaper Excerpt
made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 ... assets about $2,000,000.
Source
newspapers
3. July 12, 1893 Suspension
Cause
Macro News
Cause Details
Assignment/suspension attributed to stringency in the money market (broader financial conditions).
Newspaper Excerpt
The Kansas City Safe Deposit and Savings bank ... made an assignment yesterday to Walter J. Bales ... The assignment was due to the stringency in the money market.
Source
newspapers

Newspaper Articles (4)
1. July 14, 1893 The Kinsley Graphic Kinsley, KS
Article from The Kinsley Graphic, July 14, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12. - The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a rui about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.

2. July 15, 1893 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, July 15, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Sus. pends at Kansas City. KANSAS CITY, Mo., July 12. - -The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1899 to the present figure. In the same time it gained nearly 2,000 depositors.

3. July 20, 1893 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, July 20, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12.-The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.

4. July 21, 1893 The Iola Register Iola, KS
Article from The Iola Register, July 21, 1893

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Article Text

SAVINGS BANK FAILURE. The Largest of Its Kind in Missouri Suspends at Kansas City. KANSAS CITY, Mo., July 12.-The Kansas City Safe Deposit and Savings bank at Eighth and Delaware streets made an assignment yesterday to Walter J. Bales, one of its stockholders, and W. D. McLeod, its legal counsel. The liabilities are $1,700,000 and the assets are placed at about $2,000,000. The assignment was due to the stringency in the money market. The institution was the largest savings bank in the state. Just prior to the uneasiness about a month ago, when the bank suspended payment on demand checks, it had 10,383 depositors. The average of deposits was $200. The bank successfully withstood a run about three years ago and was considered to be invincible. As a consequence, its deposits increased from a little less than $1,600,000 in 1892 to the present figure. In the same time it gained nearly 2,000 depositors.