State Bank - Kansas City, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 6, 1907
Location: Kansas City, Missouri (39.100, -94.579)

Metadata

Model: gpt-5-mini
Short Digest: 28002c477b0cd8c5

Response Measures

None

Description

Article (Waterbury Evening Democrat, 1907-12-06) reports that the State Bank (Argentine, a suburb of Kansas City) was forced to close and taken in charge by a national bank examiner following instructions of the Comptroller. This was part of multiple Kansas City bank closures amid the 1907 banking troubles; OCR errors in the text were corrected (e.g., 'Kansas Ciy' -> Kansas City, 'National Bak' -> National Bank). No reopening is mentioned; closure appears permanent/taken in charge.

Events (1)

1. December 6, 1907 Suspension

Cause: Macro News
Cause Details: Closed as part of a wave of Kansas City bank failures and suspensions during the 1907 panic after steady withdrawals and runs on larger banks (National Bank of Commerce); taken in charge by a national bank examiner on Comptroller's instructions.
Newspaper Excerpt: The smaller institutions forced to close are the Stock Yards Bank of Commerce, the Union Avenue Bank of Commerce and the State Bank (Argentine, a suburb).
Source: newspapers

Newspaper Articles (1)

1. December 6, 1907 Waterbury Evening Democrat Waterbury, CT

Article from Waterbury Evening Democrat, December 6, 1907

Click image to open full size in new tab

Article Text

FOUR S FAIL. National Bak of Commerce Among Thos Forced to Close. Kansas Ciy, Mo., Dec. 6. - Four banks of th city, chief of which is the National Bank of Commerce, closed their oors and were taken in charge by anational bank examiner, following insructions of the comptroller of the cerency. The smaller institutions fored to close are the Stock Yards Bank of Commerce, the Union Avenue Ban of Commerce and the State Bank ( Argentine, a suburb. In a steadyrun of six weeks the National Bank f Commerce had paid off $19,000,000 f deposits, reduced its loans $3,500.00. cut down its cash resources $11.20.000 and sold $2,000,000 of high gradebonds. Chicago and New York banks ffered substantial assistance, but offers of the bank saw no prospect thathe steady drain would be checked en with this assistance and decided / suspend. Of approxiately $17,000,000 in deposits tied ujin the suspension about $12,000,000 llongs to out of town banks and $000,000 to Kansas City residents.