Bank of Bagnell - Bagnell, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 17, 1931
Location: Bagnell, Missouri (38.227, -92.602)

Metadata

Model: gpt-5-mini
Short Digest: 4381c341

Response Measures

None

Description

Article (Dec 17, 1931) reports the Bank of Bagnell was closed by the State Finance Department and is in liquidation with a commissioner in charge. No run is mentioned; dividends and liquidation/receivership are described, so this is a suspension followed by permanent closure/receivership.

Events (2)

1. December 17, 1931 Receivership

Newspaper Excerpt: W. Edwards, commissioner charge of liquidation of the Bank of Bagnell... Three 25% dividends have already been declared. Mr. Edwards reports that he has cash enough on hands declare at least another 10%. On this basis, depositors will receive at least 85%. (article describing liquidation and dividends.)
Source: newspapers

2. December 17, 1931 Suspension

Cause: Government Action
Cause Details: Closed by the State Finance Department and placed in liquidation under a commissioner.
Newspaper Excerpt: W. Edwards, commissioner charge of liquidation of the Bank of Bagnell, which closed by the State Finance De- reports that he hopes have his report for final settlement...
Source: newspapers

Newspaper Articles (1)

1. December 17, 1931 The Miller County Autogram-Sentinel Tuscumbia, MO

Article from The Miller County Autogram-Sentinel, December 17, 1931

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Article Text

Bank of Bagnell to Be Finished Soon W. Edwards, commissioner charge of liquidation of the Bank of Bagnell, which closed by the State Finance Dereports that he hopes have his report for final settlement with the circuit court ready for the January term. which convenes here the 18th of next month. At the time the bank was suspended it was thoughht that depositors would lose very heavily However, Mr. Edwards has been able to dispose of some of the Bank's real estate holdings at better prices than had been anticipated. Three 25% dividends have already been declared. Mr. Edwards reports that he has cash enough on hands declare at least another 10% On this basis. depositors will receive at least 85% of their Two other Miller county banks have closed their doors since the World war, both voluntarily These were the Bank of Etterville and the of Ulman. Depositors in these two cases were paid in full with interest on deposits for the time the funds tied up. So bank failures in Miller county have not seriously affected the people of the county.