10074. Bank of Braymer (Braymer, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 30, 1933
Location
Braymer, Missouri (39.587, -93.796)

Metadata

Model
gpt-5-mini
Short Digest
abdd92be

Response Measures

None

Description

Two contemporary briefs report the Bank of Braymer closed in late January 1933. One item (Columbia Daily Tribune, Jan 30, 1933) says the bank was closed and taken over by the state finance (i.e., state takeover/receivership). A local brief (Cameron News-Observer, Jan 31, 1933) states the bank voluntarily closed Monday, citing inability to realize on farm loans as the cause. No mention of depositor runs is present. Classified as a suspension followed by closure/receivership due to adverse local farm loan losses.

Events (3)

1. January 30, 1933 Other
Newspaper Excerpt
Bank Braymer at Braymer ... were closed today and taken over by the state finance [department]. The Bank Braymer had 650 deposits. loans $66,303 $20,000 capital stock and bills payable Toomay president and Farrar cashier
Source
newspapers
2. January 30, 1933 Receivership
Newspaper Excerpt
were closed today and taken over by the state finance
Source
newspapers
3. January 30, 1933 Suspension
Cause
Local Shock
Cause Details
Inability to realize on farm loans (losses on agricultural loans precipitated closing).
Newspaper Excerpt
The Bank of Braymer voluntarily closed its doors Monday morning.
Source
newspapers

Newspaper Articles (2)

Article from Columbia Daily Tribune, January 30, 1933

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Article Text

Two Missouri Banks Are Closed By The Associated Press. JEFFERSON Mo. Jan Crawford County FarmBank Steelville and the Bank Braymer at Braymer. in Caldwell county, were closed today and taken over by the state finance The crawford County Farmers Bank $488,427 $585,536 $25,000 capital $75,000 surplus. deposits and bills payable M. Gibbs president and Arnett cashier The Bank Braymer had 650 deposits. loans $66,303 $20,000 capital stock and bills payable Toomay president and Farrar cashier


Article from The Cameron News-Observer, January 31, 1933

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Article Text

NEWS BRIEFS Guy Beatty, Tom Chapman and Homer Woods drove to Kansas City this morning and expect to return with some new Chevrolet cars. The Bank of Braymer voluntarily closed its doors Monday morning. Inability to realize on farm loans is reported to be the cause of the closing. Jacob Graeff of Osborn, has returned home from the Methodist hospital in St. Joseph, where he had undergone an operation a week before for bladder trouble. He is getting along splendidly. Chas. Carson has received a check for $15.00 representing a prize awarded him in a salesmen's contest for light globes for the General Electric Company. When it is considered that the contest was nation-wide, Charles can be congratulated on being among the list of winners. The roof of the home of Calvin Teegarden, west of the Burlington coal chute and north of the C. T. Zimmerman residence, was discovered to be on fire Saturday evening. E. Johnson, employed at the coal chute, made the discovery, ran to the house and warned the occupants, and assisted in quenching the flames. The sale of the Kansas City Blue baseball team was completed last week with Lee Keyser of Des Moines, Tris Speaker, former big league star outfielder and manager, and Joe Brown of movie fame becoming the new owners. The team may do its spring training in Excelsior Springs, in place of going south as has been the custom. It is the custom in the matter of weddings to head them "SmithJones," if those be the names of the groom and bride. By persistent hunting, Editor Hinkel, who scans the exchanges coming to the Stillwater Gazette, found just the heading he had hoped to see some day. It was "GetzCook," and now he wonders how that editor explained that away. Mrs. Mary Ann Bridgewater, aged ninety-five years, died at her late home at Kingston near midnight Sunday night. Funeral services were held today and were conducted by Rev. W. E. Barksdale of that place. Deceased was a pioneer resident of that vicinity and enjoyed a wide acquaintance. She is survived by three sons. Lee Bridgewater, one son, is cashier of the Caldwell County Trust Company of Kingston. In conversation with one of our reliable truck men yesterday, he stated that the operation of a truck under the present laws regulating same was most unsatisfactory, in that some truckmen were required to pay over a hundred dollars per year for a permit, while others were operating without a permit. Also that it is by no means easy to secure adequate and reliable insurance. It is hoped that the new legislature will adjust the truck laws so that a reliable and trustworthy man can operate. knowing that he will be protected from "snitchers" and can secure satisfactory insurance. Last night's Kansas City papers told of a Packard car which stopped at Chillicothe with four passengers, one of whom seemed to be injured and who were suspicioned to be the North Kansas City bank bandits. Several cars from Chillicothe pursued the car to Kansas City. This was no doubt the car which passed Stanley Stump and Woodrow Bryant, south of Kingston early yesterday morning, and was thought by the boys to be the bank bandits. The occupants of the Packard car, who were stopped on their arrival at Kansas City, proved to be officials of the Reid-Ward Motor Co. of that city.