10041. State Bank (Anderson, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1930
Location
Anderson, Missouri (36.651, -94.444)

Metadata

Model
gpt-5-mini
Short Digest
f68c19d3

Response Measures

None

Description

Articles (all dated Jan 1–2, 1930) report the State Bank of Anderson was failed/closed, property of missing cashier D. E. Cole seized for embezzlement; Lon Kelly appointed receiver. No run or depositor crowding is described. Classified as a suspension (failure/closure) due to bank-specific adverse information (embezzlement).

Events (2)
1. January 1, 1930 Receivership
Newspaper Excerpt
Lon Kelly of Pineville today took charge of the bank as receiver, following completion of an examination of U. P. Moody, state bank examiner.
Source
newspapers
2. January 1, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank declared failed/closed after discovery that cashier D. E. Cole was missing and his accounts were about $35,000 short; warrants for embezzlement filed; cashier's property seized.
Newspaper Excerpt
Depositors in the failed State Bank of Anderson, Mo., may realize almost 100 cents on the dollar, James Tatum, agent for the State Finance Commission, said today, following seizure of all property of D. E. Cole, missing cashier.
Source
newspapers

Newspaper Articles (7)
1. January 1, 1930 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, January 1, 1930

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WILL LOSE LITTLE. in Anderson, Mo., Bank WIII Recover Most of Money. JOPLIN, Mo., Jan. positors in the failed State Bank Anderson, Mo., may realize most 100 cents on the dollar. James Tatum, agent for the state finance commissioner. said today, following seizure all property of D. E. Cole, missing cashier. Cole's property, consisting of farm land, pure-bred hogs, cattle and farm machinery, will be sold Tatum Mr. Tatum said he valued the property $8,000. Lon Kelly of Pineville today took charge of the bank as receiver, lowing an tion of U. P. Moody, state bank examiner. Warrants for Cole's arrest on charges accepting in insolvent bank have filed. accounts were found to be $35,000 short

2. January 1, 1930 The Kansas City Star Kansas City, MO
Article from The Kansas City Star, January 1, 1930

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Society Mrs. A. A. Tomlinson will return January 15 from Detroit where she has been visiting Mr. and Mrs. H. Herbert Micou. Mr. and Mrs. Inghram D. Hook gave dinner last night for Mr. and Mrs. Francis Crosby of San Francisco. Mr. and Mrs. Crosby will return tomorrow to their home. Mr. and Mrs. Ralph Leftwich Smith entertained two hundred guests with a tea this afternoon. The receiving room was arranged with baskets of red and yellow roses. Mr. and Mrs. Smith were assisted by: and Mrs Walton Holmes. Jr., Harrison Kerwin Ben Josephine Tiernan. Mr. and Mrs. R. J. De Lano were the hosts of a tea this afternoon. Mrs. R. W. Vail's tea this afternoon was for her daughter, Mrs. F. K. Helsby. Mr. Justus Putsch, who has been visiting his parents, Mr. and Mrs. W. M. Putsch. will return tonight to Harvard college. Mr. and Mrs George L. Rice celebrated their fifty-fifth wedding anniversary with New Year's eve party. The Kansas City Country Club entertained with its annual New Year's tea dance this afternoon for 150 guests. Mr. and Mrs. George Hoxie Moffett of Indeperidence entertained for Mr. and Mrs. Francis Crosby of San Francisco. The Mission Hills Country Club gave a tea dance for 175 guests. Dr. and Mrs. Charles C. Dennie entertained for their niece, Miss Betty Schrader. Mr. and Mrs. Charles M. Bush entertained guests for their daughter, Miss Mary Linda Bush. Dr. and Mrs. Frank E. Shelden entertained guests The Blue Hills Country Club gave tea dance for 300 guests. Among those who entertained were: Mr and Mrs. Harold Frick, Mr Nixon. Trusty. The club will give dinner tonight. Mrs. Fred Ruark will give bridge luncheon Saturday for her daughter, Miss Mary M. Ruark. Mr. and Mrs. Thomas S. Ridge were the hosts of a tea this afternoon. Mrs. Pearl I. Smith of Dillon. Mont. is visiting her son, Mr. Ralph Smith, who attends the University of Kansas. Mr. and Mrs. Herbert O. Peet gave a tea this afternoon at their country home. Chatteris. Mrs. Reed Gerard has left for a visit with her mother. Mrs. Hamilton William Marvin: in Louisville, Ky. Mrs Halsell Combs/was the hostess of a tea this afternoon. Mr. and Mrs. Ralph LeRoy Nafziger kept open house this afternoon They have as their guests Mr. and Mrs. J.J. Shinners of Chicago, who arrived this morning. Miss Frances Backstrom. who has been spending the holidays with her parents, Mr. and Mrs. Frank Backstrom. will return Saturday to Logan, Utah. Miss Backstrom entertained with bridge tea for sixteen guests Saturday afternoon. Mr. and Mrs. Joseph C. Wirthman and Miss Katherine Wirthman entertained with a tea this afternoon at their home. Mr. and Mrs. Sidney A. Gibson gave reception this afternoon in celebration of their sixty-second wedding anniversary. Mr. and Mrs. R. B. Hollway announce the birth, December 21, of a daughter, whom they have named Lou Ann. Stonewall Jackson chapter U. D C. will entertain the Confederate Veterans, camp No. 80, and the wives of the members with New Year's dinner at the home of Miss Lou McCormack at o'clock Sunday. The Altruist Club will meet at 1:30 o'clock tomorrow at the home of Mrs H.T. Poindexter, 610 East Forty-fifth street. (By the Associated Press) JOPLIN Mo., Jan. 1.-Depositors in the failed State Bank of Anderson Mo., may realize almost 100 cents on the dollar, James Tatum. agent for the state finance commission, said today, following seizure of all property of D.E. Cole, missing cashier Cole's property, consisting of farm land, purebred hogs, cattle and farm machinery, will be sold at auction. Tatum said. Mr. Tatum said he valued the property at $8,000. Lon Kelly of Pineville today took charge of the bank as receiver. following completion of an examination of U. P. Moody, state bank examiner Warrants for Cole's arrest on charges of embezzlement and accepting money in an insolvent bank have been filed. His accounts were found to be $35,000 short. AWAY FROM THE "GOATS." "Rabbits" Won't Even Have Dinner In the Faction's Stronghold. If Convention hall were not in the First ward. a "goat" stronghold, the "rabbit" dinner January 25 would be held there. Dr. Lee Johnson, the dinner promoter, said today. Instead, the guests will be fed in relays at Carpenter's hall-3114 the Paseo. This will be the annual dinner of the Fifteenth Ward Democratic Club and it will be "rabbit" in every sense of the word. The Fifteenth is "rabbit" stronghold and the club and its guests will be served rabbit. Several days before the dinner hunters will spread out over Jackson County with shotguns and rifles to supply the meat. Car KUIS Man Changing Tire. Claude Oxley. 36, was killed and his brother-in-law. Jack Reece. was injured early this morning when struck by a motor car while they were repairing a tire on a truck. The acci-

3. January 1, 1930 The Ada Evening News Ada, OK
Article from The Ada Evening News, January 1, 1930

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NO. 5 enter the double quality class. There were 68 cows sold from the 21 associations as unprofitable to their owners. Dairymen sold 53 for dairy purposes, buying in the same period 74 cows and 14 purebred bulls. The high cow for the Pontotoc herds numbering more than 15, as shown by records for November, was the Norris and Gay No. 41, who produced 930 pounds of milk with 6.2 per cent of butterfat content, making 57.7 pounds of butterfat for the month. NO DELAY IN NEW YEAR'S FAT ALITIES OKLAHOMA CITY. Jan. 1-(P) Four hours after the birth of the new year, the first fatality in a city traffic accident was reported to police. Pearl Johnson, negro, was killed in an accident at a street intersection. The life of C. S. Farrington, Spanish-American war veteran. was claimed only half an hour before midnight when he was struck by an automobile near the Union* Soldiers Home where he lived. Struck early this morning as they walked at the roadside in an outlying residential district. H. G. Hull and George Hull, brothers. and Jack Dier, all of Enid were hurt. H. G. Hull was taken tc a hospital where it was said he was suffering severe bruises and internal injuries. EMBEZZLER'S PROPERTY MAY PROTECT DEPOSITORS Depositors in the failed State bank of Anderson, Mo., may real-, ize almost 100 cents on the dellar, James Tatum; agent for the state finance commission, said today. following seizure of all property of D. E. Cole, missing cashier. Cole's property, consisting of farm land, pure bred hogs, cattle and farm machinery, will be sold at auction, Tatum said. Mr. Tatum said he valued the property at Lon Kelly of Pineville, today took charge of the bank as receiver, following completion of an examination of U. P. Moody, state bank examiner. Warrants for Cole's arrest on charges of embezzlement and accepting money in an insolvent bank have been filed. His counts were found to be $35,000 short.

4. January 1, 1930 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, January 1, 1930

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BANK DEPOSITORS MAY REALIZE ALL OF THEIR DEPOSITS The Associated Press. Joplin, Mo., Jan. in the failed State bank of Anderson, may realize almost 100 cents the dollar. James Tatum, agent for the State Finance Commission, said today. Following seizure of all propof D. Cole, missing cashier. Cole's property, consisting of farm land, pure bred hogs, cattle and farm machinery, will be sold at auction, Tatum said. Mr Tatum said he valued the property at $8,000. Lon Kelly of Pineville, today took charge of the bank as receiver, following completion of an examination of Moody, state bank examiner. Warrants for Cole's arrest on charges of embezzlement and accepting money in an insolvent bank have been filed. His accounts were found be $35,000 short.

5. January 2, 1930 Carthage Evening Press Carthage, MO
Article from Carthage Evening Press, January 2, 1930

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BANK RECEIVER IS NAMED Depositors at Anderson Will Lose Little, Is Prediction Lon Kelly of Pineville, representative in the legislature from McDonald county, yesterday assumed charge of the closed State Bank of Anderson as receiver and will convert the assets into cash and distribute them among depositors. Tatum, prosecuting attorney for Mc- turn tors would not lose heavily. Cole was under a $10,000 surety bond to protect the bank against embezzlement to that amount. The ex-cashier's property also has been attached and is estimated will vield probably $8,000. His interests, however, are mostly equities. Press want ads bring results

6. January 2, 1930 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, January 2, 1930

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ANDERSON STATE BANK SIX HURT WHEN AUTO MAY PAY 100 PER CENT HITS TRAIN IN FOG Property of Missing Cashier Seized and Will Be Sold at Auction. By Associated Press. JOPLIN, MO., January 1.-Depositors in the failed State Bank of Anderson, Mo., may realize almost 100 cents on the dollar, James Tatum, agent for the State Finance Commission, said today, following seizure of all property of D. E. Cole, missing cashier. Coles's property. consisting of farm land, purebred hogs, cattle and farm machinery, will be sold at auction, Tatum said. He valued the property at $8000. Lon Kelly of Pineville today took charge of the bank as receiver, following completion of an examination by U. Moody, state bank examiner. Warrants for Cole's arrest on charges of and accepting money in an insolvent bank have been filed. His accounts were found to be $35, 000 short. Injuries of Three in Florida Are Expected to Prove Fatal. By Associated Press. OCALA, FLA., January 1.-Six persons were injured, three perhaps fatally. when the automobile in which they were driving through a heavy fog crashed into Seaboard Air Line Railroad train near Dunnelon early today.

7. January 2, 1930 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, January 2, 1930

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BANK DEPOSITORS MAY REALIZE ALL OF THEIR DEPOSITS By The Associated Press. Joplin, Mo., Jan. 1.-Depositors in the failed State bank of Anderson, Mo., may realize almost 100 cents on the dollar, James Tatum. agent for the State Finance Commission, said today. Following seizure of all properyt of D. E. Cole, missing cashier. Cole's property, consisting of farm land, pure bred hogs, cattle and farm machinery, will be sold at auction, Tatum said. Mr .Tatum said he valued the property at $8,000. Lon Kelly of Pineville, today took charge of the bank as receiver, following completion of an examination of P. Moody, state bank examiner. Warrants for Cole's arrest on charges of embezzlement and accepting money in an insolvent bank have been filed. His accounts were found to be $35,000 short.