10033. Advance Exchange Bank (Advance, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
March 8, 1927
Location
Advance, Missouri (37.104, -89.911)

Metadata

Model
gpt-5-mini
Short Digest
ddc7e2a5

Response Measures

None

Description

Newspaper reports (March 8, 1927) state the bank was ordered closed by its board and placed in the hands of the state finance department / bank examiner. No run or depositor panic is mentioned in the articles; action appears to be government/intervention closure.

Events (1)
1. March 8, 1927 Suspension
Cause
Government Action
Cause Details
Board ordered the bank closed and placed it in the hands of the state finance department; state bank examiner placed in charge.
Newspaper Excerpt
Advance Exchange Bank, Advance, Stoddard County, total resources of has been ordered by its board directors and placed in the hands state finance department, Finance Commissioner Cantannounced today. Harrison, state bank examiner, has been placed in charge.
Source
newspapers

Newspaper Articles (2)
1. March 8, 1927 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, March 8, 1927

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Article Text

STUDENTS REGISTER FOR SPRING TERM Students registering today the local State Teachers college the term. Registration opened Several new students expected. first event the term west school to be held night the Teachers college under Omicron club. convene again tomorrow. term spring May 24. MO. BANK CLOSES. JEFFERSON March Advance Exchange bank. Stoddard county total closed by Its board placed the the finance Finance Cantley, announcstate bank been $18,000: loans and bills payable president Gray, cashier. The and church for the study John's gospel. Everyone bring Bible Article in the Christian Advocate for night meetspecial during ENGROSS TAX BILL. JEFFERSON March given the today the to exempt bills to taken up for engrossed now ready for final has been introduced in the house REFUSE March The interstate refused today to readjust rates on grain and South principal keting centers until the general the western grain is

2. March 8, 1927 The Sedalia Democrat Sedalia, MO
Article from The Sedalia Democrat, March 8, 1927

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Article Text

BANK AT ORDERED CLOSED Associated Press. JEFFERSON Mo., March advance Exchange Bank, Advance, Stoddard County, total resources of has been ordered by its board directors and placed in the hands state finance department, Finance Commissioner Cantannounced today. Harrison, state bank aminer, has been placed in charge. According to last statement, the closed bank showed capital $15,000; surplus loans deposits and bills payable $15,800. Bollinger president and Walter Gray, cashier.