Farmers Bank - Clarksdale, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 23, 1927
Location: Clarksdale, Missouri (39.814, -94.551)

Metadata

Model: gpt-5-mini
Short Digest: d9963c66

Response Measures

None

Description

Article (Fulton Daily Sun-Gazette, 1927-04-23) reports Farmers Bank of Clarksdale was suspended by order of the board of directors and an examiner was sent to take charge. No run is mentioned. Suspension appears to have resulted in a reported bank failure and regulatory takeover, so classified as suspension leading to closure/receivership. Date taken from article publication (1927-04-23).

Events (2)

1. April 23, 1927 Receivership

Newspaper Excerpt: State Bank Examiner S. L. Wonsettler has been sent there to take charge.
Source: newspapers

2. April 23, 1927 Suspension

Cause: Voluntary Liquidation
Cause Details: Suspension ordered by the bank's board of directors (board-ordered suspension reported as the bank's suspension).
Newspaper Excerpt: The bank was suspended by order of the board of directors according to the notification received here.
Source: newspapers

Newspaper Articles (1)

1. April 23, 1927 Fulton Daily Sun-Gazette Fulton, MO

Article from Fulton Daily Sun-Gazette, April 23, 1927

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Article Text

EIGHTEENTH BANK FAILURE Jefferson City, April 23-The third bank failure of the present week and the eighteenth for 1927 was reported to State Finance Commissioner S. L. Cantley today, it being the Farmers Bank of Clarksdale. The bank was suspended by order of the board of directors according to the notification received here. State Bank Examiner S. L. Wonsettler has been sent there to take charge. The last statement of the bank made as of Nov. 22, 1926, showed loans of $162,550; due from other banks and bankers and cash on hand $29,100; capital of $10,000; surplus $5,000; deposits $181,956; bills payable and discounts $30,000; township deposits $9,436 and total resources $26,764.