Farmers Bank - Conway, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1930*
Location: Conway, Missouri (37.502, -92.821)

Metadata

Model: gpt-5-mini
Short Digest: 16d06e33

Response Measures

None

Description

Article (St. Louis Globe-Democrat, 1930-06-21) reports Farmers' Bank of Conway was closed in January and that indictments were returned against directors and cashier. No run is mentioned; bank was closed and put into hands of examiner/receiver. I infer January 1930 from the publication year and text mentioning closed on January.

Events (2)

1. January 1, 1930* Receivership

Newspaper Excerpt: placed in the hands of federal bank examiner today after being ordered closed by its directors because of abnormal withdrawals / examiner ... would not could be obtained (OCR text fragmented). The Farmers' Bank of Conway has been ... closed on January ... the county's money on deposit there at the time the bank closed.
Source: newspapers

2. January 1, 1930* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Indictments returned against several directors and cashier; alleged improper handling of county depository funds and losses leading directors to close the bank.
Newspaper Excerpt: The Farmers' Bank of Conway has been ... closed.
Source: newspapers

Newspaper Articles (1)

1. June 21, 1930 St. Louis Globe-Democrat St. Louis, MO

Article from St. Louis Globe-Democrat, June 21, 1930

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Article Text

Vent unsuccessful. No infor- dictments returned by the special were mation regarding the bank's status grand jury called to investigate the could be obtained. Farmers' Bank of Contray, which Four other two of them was closed on January private banks in the Detroit area. indictments were returned against have suspended operations within each of four directors, Dr. the last two weeks. Benage, D. Graham. Mrs. Emma West Virginia Bank Closed. By Associated Press. W. June First Bank of Welch placed in the hands of federal bank examiner today after being ordered closed" by its directors because of abnormal withD. Woods, Bank Exwould not losses. The last published statement of the listed assets of $2,332,532 and deposits of $1,821,000. MO., 20. made yesterday Warren and John F. Hyde, and two against c. Benage, cashier. J. C. Benage has been under & $2000 bond since his arrest in May, and other members of the board have furnished bond of $2000 each on three counts for their appearance in the October term of the Laclede County Circuit Court All charged with having for the it was failing The Farmers' Bank of Conway has been the county depository for six and of the county's money on deposit there at the time the bank closed.