Northwestern Bank - Burlington Junction, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1929*
Location: Burlington Junction, Missouri (40.446, -95.066)

Metadata

Model: gpt-5-mini
Short Digest: 8c372537

Response Measures

None

Description

Article (1930-01-30) refers to Northwestern Bank having closed in May previously and residents still inconvenienced. No run is described; closure appears permanent. The article primarily discusses the contemporaneous closing of the First National Bank and receiver appointment, and only references Northwestern's earlier closing. The May year is not specified; inferred as May of the prior year but left as May with unknown day.

Events (1)

1. May 1, 1929* Suspension

Cause Details: Article only states Northwestern Bank closed in May; no cause or run described.
Newspaper Excerpt: which had experienced previous bank Northwestern Bank there closing May ... the residents inconvenienced
Source: newspapers

Newspaper Articles (1)

1. January 30, 1930 The Maryville Daily Forum Maryville, MO

Article from The Maryville Daily Forum, January 30, 1930

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Article Text

IN No Statement Has Been Made On Condition Continues Audit. receiver. appointed by comptroller the currency has taken charge of the affairs of the First National Bank of Burlington Junction, which closed by order the board directors January He Martin of national bank receiver. Appointment of a that the bank will be means liquidated Mr Martin took charge of the bank He had no other stateyesterday. ment to make today except that condition of the bank will be made public soon the books are checkwhich will be several days. Asked the bank would re-open depository Mr. Martin said: this bank, but other bank might open Makes No Comment. to the condition of the bank. Mr. Martin said that he was not in sition the present time to make any comment whatever. In due time statement to the status of the bank will be made he but added that announcement could be made until the affairs of the institution could be checked. The national bank Miller. still Burlington Junction working the books of the bank. The work of checking the books has been slow and the First National Bank Maryville, upon request the aminer over stenographers assist in the work. Mr. Martin said unable to give any definite date when the condition will be known. There were unconfirmed reports current on the streets of Burlington Junction this morning that Caldwell. president, had said that the bank would out 100 cents on the pay dollar. Mr. Caldwell had been in Burlington this morning but could not be located to confirm this rumor. Town Marks Time. Meanwhile Burlington which has experienced previous bank Northwestern Bank there closing May just marking watching developments, and "hoping for best." Rumors, circulating like wildfire, have been plenbut nothing authentic known and will not be known until Mr. Marmakes report. The residents this town. which had population 970 when the 1920 are getting along the best they can without any bank, the First National bank was the following the closing the Northwestern Bank the residents inconvenienced, but they went through one bank failure and know what to expect.