10124. Bank of Centralia (Centralia, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
March 1, 1930*
Location
Centralia, Missouri (39.210, -92.138)

Metadata

Model
gpt-5-mini
Short Digest
3f2d6094

Response Measures

Full suspension

Description

Newspaper reports (Mar 25, 1930) describe the Bank of Centralia closing after heavy withdrawals (a run). Follow-up item from Nov 1933 states liquidation has been ongoing since March 1930, indicating the bank did not reopen and entered receivership/liquidation. OCR errors in Article 1 were corrected for readability; dates derived from publication (yesterday = 1930-03-24).

Events (3)

1. March 1, 1930* Receivership
Newspaper Excerpt
Greenlee, special deputy been engaged liquidation this bank since March 1930.
Source
newspapers
2. March 24, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals and depositors demanding funds after the bank's failure/closing spread through the city, producing a run on the Bank of Centralia.
Newspaper Excerpt
the closing failure the doors the Bank Centralia yesterday ... the Columbia rushed Cenwith to over $50,000 and deposited in the First
Source
newspapers
3. March 24, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed its doors (failure/closing) following the run and loss of depositor confidence; led to suspension of payments/operations and eventual liquidation.
Newspaper Excerpt
The closing failure the doors the Bank Centralia yesterday
Source
newspapers

Newspaper Articles (2)

Article from Columbia Daily Tribune, March 25, 1930

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Article Text

Seethed With Centralia Closing Spread. COLUMBIA HELPS Bank Sends Over Local to First Na$50,000 of Centralia. tional failure of the Bank News the spread like wild fire Centralia city yesterday the morning of June not since when Centralia struck night before cyclone were killed several persons destroyed has the such excitement there Centralia. fortunes were swept away Family of the closing the the chaos Comfortable competences aged couples, deposits widows, firms and individuals bebusiness memories and happiness and became Women and the despair. hearts men the knowthat all had been wiped out. ledge bank failure not other in any confidence in though may city Rock Gibraltar the always depositors there are and hurry to their become their money banks the rather The closing failure the doors the Bank Centralia yesterday the excitable banks the their balances One told of thrifty had saved $1500 and farmer deposited in another Cenbank. demanded tralia The president attempted money with He was reason He durate sured there was risk in leaving money deposit and the president told him that such crisis that the bank would need all its available farmer still insisted. The banker told him that would not give him the that give him draft the Louis correspondwhich offer. with excitement would satisfied any reasonable farmer demanded the draft and went bank and cash was refused the that in such on crisis the would need all Officers Columbia bank held phone National Bank Centralia there reason, excitement possibilities tht the closing the of Centralia might this bank. the lumbia rushed Cenwith to over $50,000 and deposited in the First The money accompanied deputy sheriff and three officers of the Columbia bank in an automobile


Article from Columbia Missourian, November 9, 1933

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Article Text

NICHOLS PAROLE Pleads Guilty to Dealing Blow Causing Griffith Stone's Death Earl Nichols pleaded guilty this morning County Circuit Court striking Griffith Stone with his causing death. He was paroled Judge Dinwiddie. Dr. Neal, professor the University, testified preliminary hearing that there was evidence that Stone struck with anything other than Roberts, that he Nichols run Stone strike twice the head when Stone attempted fight between Elmer Nevins and Charles Powers. He also stated he saw Stone the floor after receiving the blows. Howard Major, attorney, and two former employers Nichols testified character. Judge Dinwiddie paroled Nichols dition he abstain from intoxicating beverages that family when he went Nichols agreed Jess Edwards, Negro, pleaded guilassaulting Gene Gray, Negro, sentenced gun two the penitentiary. Ed. years wards under suspended jail sentence another shooting when fired Gray. Gray's wounds minor nature and he recovered. William administrator the estate Arthur Cox, fatally injured while his duties switchman for the Alton Railroad settled damage suit Company, outside court $1000 The plainsought to collect $35,originally court approved the auction netting the estate the Bank of Centralia now being interests of bank Greenlee, special depositors. finance, deputy been engaged liquidation this bank since March 1930. Wins Cornhusking WEST Neb., walked off with championship honors the tenth national contest here towhen Sherman Henriksen Harry Brown, Nebraska contestants, placed first and second. Hartley Hearing Set for Tuesday ley, charged with the sale of liquors the Ninth and Elm streets, will clock before William Tandy,