Bank of Deepwater - Deepwater, MO

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 1, 1912*
Location: Deepwater, Missouri (38.261, -93.773)

Metadata

Model: gpt-5-mini
Short Digest: a91ac7a9

Response Measures

None

Description

Article (Dec 1912) states the banks of Deepwater had to 'suspend temporarily, until stockholders could raise money to meet obligations, after officials had misused funds.' This describes a suspension caused by bank-specific adverse information (misuse of funds) with temporary nature implying eventual reopening.

Events (1)

1. December 1, 1912* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Officials misused funds; stockholders had to raise money to meet obligations.
Newspaper Excerpt: The troubles of the banks of Deepwater and Holstein, which had to suspend temporarily, until stockholders could raise money to meet obligations, after officials had misused funds,
Source: newspapers

Newspaper Articles (1)

1. December 12, 1912 Mexico Weekly Ledger Mexico, MO

Article from Mexico Weekly Ledger, December 12, 1912

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Article Text

SWANGER WARNS INVESTORS. Jefferson City, Mo., Dec, 5. Bank Commissioner Swanger, in a statement issued Tuesday, warns men and women with money to invest against becoming interested in banks and trust companies which are started by professional promoters. The troubles of the banks of Deepwater and Holstein, which had to suspend temporarily, until stockholders could raise money to meet obligations, after officials had misused funds, are responsible for th statement. Bank Commissioner Swanger advis es men and women with spare cash whenever a bank or trust promoter known comes around who is not personally to be reliable to pass him