State Bank - Collins, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: December 18, 1930
Location: Collins, Missouri (37.891, -93.623)

Metadata

Model: gpt-5-mini
Short Digest: 1aace6c7

Response Measures

Full suspension

Other: Closed by directors; article gives no explicit cause for closing the State Bank of Collins beyond reporting it was closed.

Description

Article (Dec 18, 1930) states the State Bank of Collins was closed by its directors following steady and heavy run of withdrawals. The run precipitated the closure; no reopening mentioned. OCR errors in article truncated the source (State Finance...).

Events (2)

1. December 18, 1930 Run

Cause Details: Steady and heavy run of withdrawals prompted by unspecified causes (article does not identify rumor or specific adverse info).
Measures: None reported besides subsequent closure by directors.
Newspaper Excerpt: The State Bank of Collins, St. Clair County, with total resources of $81,000, was also closed.
Source: newspapers

2. December 18, 1930 Suspension

Cause Details: Closed by its directors following steady and heavy run of withdrawals (per State Finance).
Newspaper Excerpt: The State Bank of Collins, St. Clair County, with total resources of $81,000, was also closed.
Source: newspapers

Newspaper Articles (1)

1. December 18, 1930 The St. Louis Star and Times St. Louis, MO

Article from The St. Louis Star and Times, December 18, 1930

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Article Text

BENTON BANKER ACCUSED OF $5,400 EMBEZZLEMENT ILL., December 18. (By Goodin, former of the First National Bank of Benton closed recently, and treasurer of the First Baptist Church of Benton. is held on bond following the issucharging with embezzeling of the bank's funds. The closing Benton without bank. Goodin is 37 years old and is married. Two Missouri Banks Closed. JEFFERSON CITY. Dec. 18. Union Savings Bank of Monroe City, Monroe County. was closed by its directors today following steady and heavy run of withdrawals, according to the State Finance The State Bank of Collins, St. Clair County, with total resources of $81,000, was also closed. Two Arkansas Banks Close. Dec. (By U. Closing of two additional members of the group, which twelve closed today They the People's Bank and Merchants Bank of Green Forrest. Two Close in North Carolina. N. Dec. (By First National Bank and the Scotland County Savings Bank of Laurinburg were closed today. involving approximately $315.000 in deposits Hinto James is president of both.