Pemiscot County Bank - Caruthersville, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 1, 1913*
Location: Caruthersville, Missouri (36.193, -89.656)

Metadata

Model: gpt-5-mini
Short Digest: 4f11c028

Response Measures

None

Description

Article states the institution 'failed in June, 1913' and describes a later (Dec 8, 1914) settlement with sureties and turnover of assets — indicating the bank permanently closed and suits/receivership proceedings followed. No explicit run is mentioned in the excerpt. I infer state-chartered from the bank's county name.

Events (2)

1. June 1, 1913* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Institution failure/insolvency in June 1913; county funds were on deposit and later found due; suits against bondsmen follow.
Newspaper Excerpt: the institution failed in June, 1913
Source: newspapers

2. December 8, 1914 Receivership

Newspaper Excerpt: $442,000 CLAIM IS SETTLED BY PEMISCOT COUNTY Defunct Bank's Assets, Valued at $300.000, to be Turned Over With $25,000 Cash. ... A compromise has been effected between Pemiscot county and the sureties on the bond of the old Pemiscot County Bank, in which the county funds were on deposit when the institution failed in June, 1913. An audit disclosed the sum of $442,823.54 due the county ... Suits were filed against the bondsmen and attachment proceedings instituted against them on their individual property. These have been pending since that time, but are now [settled].
Source: newspapers

Newspaper Articles (1)

1. December 9, 1914 The Cairo Bulletin Cairo, IL

Article from The Cairo Bulletin, December 9, 1914

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Article Text

$442,000 CLAIM IS SETTLED BY PEMISCOT COUNTY Defunct Bank's Assets, Valued at $300.000, to be Turned Over With $25,000 Cash. Caruthersville, Mo., Dec. 8.---A compromise has been effected between Pemiscot county and the sureties on the bond of the old Pemiscot County Bank, in which the county funds were on deposit when the institution failed in June, 1913 An audit disclosed the sum of $442.823.54 due the county for its general funds and the various ditch districts. There were two bonds, one of $60,000 and the other of $000,000 signed by various local persons as sureties. Suits were filed against the bondsmen and attachment proceedings instituted against them on their individual property. These have been pending since that time, but are now