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BEVIER'S OLDEST BANK SUSPENDS BUSINESS BEVIER. MO., Feb. 25.-(Special) State Bank of Bevier did not its doors today The affairs of the bank have turned the state financing department board rectors. Richards president and Frozen assets some bad loans given the cause for closing the bank The January 10 state. ment of the bank showed total sources of deposits $207. capital, $10,000 surplus It was the oldest bank Bevier.
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Bevier Bank Closed By Directors Today MACON, Feb. 25. The State Bank of Bevier was closed today by order of its board of directors. The closing was reported due to "frozen assets' and slow collections. An effort will be made to reorganize the bank. which was organized in 1892. The state commissioner of finance was notified of the closing. It will be impossible to determine the exact condition of the bank until after an investigation is made of the assets. Hughes, vice-president of the Commerce Trust Company of Kansas City, former commissioner of finance. had been here for several days in an effort to adjust the affairs of the bank. He took interest in the bank since he started working in it as boy, eventually becoming its president. There was run the bank, and the closing caused no excitement. F. Richards, of Bevier was president of the bank and A. Rowland was cashier. The last financial statement showed deposits of $208,000 and loans of $167,000.
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BANK CLOSED AT BEVIER TODAY Associated Press. MACON, Mo., Feb. State Bank of Bevier was closed today order of its board of directors. The closing was reported due "frozen assets" and slow collections. An effort will be made to ize the bank, which organized The state commissioner of finance notified the closing. will impossible to determine exact condition the bank until after an investigation made the assets. Hughes- vice-president Commerce Trust Company Kansas City, former of finance, had been here days an effort to adjust the affairs the bank. He took personal interest bank since he started working in boy, eventually becoming president. There was no run on the bank, the closing Richards, of Bevier president of the bank and Rowland was cashier. The last financial deposits $208,000 and loans of
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BEVIER BANK IS CLOSED BY BOARD By The Associated Press. Macon, Mo., Feb. 25.-The State Bank of Bevier was closed today by order of its board of directors. The closing was reported due to "frozen assets" and slow collections. An effort will be made to reorganize the bank, which was organized in 1892. The state commissioner of finance was notified of the closing. It will be impossible to determine the exact condition of the bank until after an investigation is made of the assets. J. G. Hughes, vice-president of the Commerce Trust Company of Kansas City, former commissioner of finance, had been here for several days in an effort to adjust the affairs of the bank. He took a personal interest in the bank since he started working in it as boy, eventually becoming its president. There was no run on the bank, and the closing caused no excitement. J. F. Richards, of Bevier was president of the bank and W. A. Rowland was cashier. The last financial statement showed deposits of $208,000 and loans of $167,000.
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BANK OF BEVIER, MO., CLOSED BY DIRECTORS Action Due to Frozen Assets and Slow Collections. By Associated Press. MACON, MO., February. 25.-The State Bank of Bevier was closed today by order of its Board of Directors. The closing was said to be due to "frozen assets" and slow collections. An effort will be made to reorganize the bank, which was organized in 1892. It will be impossible to determine the condition of the bank until after an investigation of the assets shall have been made. J. G. Hughes, vice president of the Trust Company of City, former Commissionor of Finance, had been here for several days trying to adjust the affairs of the bank. He had taken personal Interest in the bank since he started working in It as boy, eventually becoming its president. There was no run on the bank and the closing caused no excitement. J. F. Richards of Bevier was president and W. A. Rowland was cashier. The last statement showed deposits of $208,000 and loans of $167,000,