10177. Interstate Bank (Drexel, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1932*
Location
Drexel, Missouri (38.479, -94.609)

Metadata

Model
gpt-5-mini
Short Digest
cea529d3

Response Measures

None

Description

Articles state the Interstate Bank of Drexel closed in November 1932 and was in liquidation/receivership by 1933. No article describes a depositor run; events are a suspension/closing and subsequent receivership/liquidation. Bank type inferred as state (not labeled 'National').

Events (3)
1. November 1, 1932* Suspension
Cause Details
Article only reports that the bank closed and entered liquidation in November 1932; no explicit cause (e.g., run or specific scandal) is given.
Newspaper Excerpt
When that bank closed November 1932
Source
newspapers
2. August 17, 1933 Receivership
Newspaper Excerpt
Judge Leslie Bruce ... ordered that Cass County's claim ... be allowed preferred claim, to be paid pro rata other claims. When this bank closed November 1932, was Cass County depository. ... depending upon how much money remaining after the bank dated. ... the defunct InterState Bank of Drexel, be allowed preferred claim, to be paid pro rata other claims.
Source
newspapers
3. August 25, 1933 Other
Newspaper Excerpt
When that bank closed for liquidation Mr. Adams assisted the examiner in his check before turning the institution over to the Messenger.
Source
newspapers

Newspaper Articles (2)
1. August 17, 1933 The Cass County News Pleasant Hill, MO
Article from The Cass County News, August 17, 1933

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Article Text

IS NOW PREFERRED CLAIM Judge Leslie Bruce, in short session of circuit court Wednesday, ordered that Cass County's claim of against the defunct InterState Bank of Drexel, be allowed preferred claim, to be paid rotably other claims. When this bank closed November 1932, was Cass Coundepository. Now the county will have better opportunity to collect all or the major portion its money, depending upon how much money remaining after the bank dated. M. Anderson and R. Nichols represented the county, the state finance being represented by George R. Chamberlin of Harrisonville, who says he will file motion soon for new trial, which the first step in appealing to higher Democrat.

2. August 25, 1933 Butler Daily Democrat Butler, MO
Article from Butler Daily Democrat, August 25, 1933

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Article Text

Named Bank Receiver Walter Adams received a telegram from Washington Wednesday evening instructing him to go to Seymour, Mo., to take charge Thursday noon of the national bank at that place now in the process of liquidation. Mr. Adams has many friends here who will be glad to hear of his appointment. He is well versed in the banking business having served in the old Commercial bank here for number of years before going to Drexel where he spent several years in the Interstate Bank. When that bank closed for liquidation Mr. Adams assisted the examiner in his check before turning the institution over to the Messenger.