Adrian Banking Company

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: September 20, 1911
Location: Adrian, Missouri (38.398, -94.352)

Metadata

Model: gpt-5-mini
Short Digest: c53894e1

Response Measures

None

Description

Article reports that the Adrian State Bank was turned over to the Adrian Banking Co. after a state bank examiner discovered discrepancies; no run is described. The takeover is presented as protecting depositors of the 'suspending institution' and represents a permanent transfer/closure rather than a mere temporary pause. Publication date 1911-09-21 states the absorption occurred 'last Wednesday' (inferred date 1911-09-20).

Events (2)

1. September 20, 1911 Other

Newspaper Excerpt: This move, it is said, was made with a view of protecting the depositors of the suspending institution. ... the directors and officers ... turned the business over to the Adrian Banking Co. A statement of the institution's resources and liabilities have not yet been made public, and it is not known whether or not the stockholders will lose anything.
Source: newspapers

2. September 20, 1911 Suspension

Cause: Bank Specific Adverse Info
Cause Details: State bank examiner discovered discrepancies in the bank's records; affairs were unsettled and suspension of business was threatening.
Newspaper Excerpt: Adrian Banking Co. last Wednesday absorbed the Adrian State Bank, taking over the entire business of that institution. ... Following the discoveries of certain discrepancies in the records of the Adrian State Bank by the state bank examiner some weeks ago, the affairs of the institution have been in an unsettled condition, and with suspension of business threatening, the directors and officers accepted the only alternative whereby the depositors might be paid in full, turned the business over to the Adrian Banking Co.
Source: newspapers

Newspaper Articles (1)

1. September 21, 1911 The Butler Weekly Times Butler, MO

Article from The Butler Weekly Times, September 21, 1911

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Article Text

Adrian Banking Co. Absorbs the Adrian State Bank. The Adrian Banking Co. last Wednesday absorbed the Adrian State Bank, taking over the entire business of that institution. This move, it is said, was made with a view of protecting the depositors of the suspending institution. Following the discoveries of certain discrepancies in the records of the Adrian State Bank by the state bank examiner some weeks ago, the affairs of the institution have been in an unsettled condition, and with suspension of business threatening, the directors and officers accepted the only alternative whereby the depositors might be paid in full, turned the business over to the Adrian Banking Co. A statement of the institution's resources and liabilities have not yet been made public, and it is not known whether or not the stockholders will lose anything.