10181. Knox County Savings Bank (Edina, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
November 28, 1930
Location
Edina, Missouri (40.168, -92.173)

Metadata

Model
gpt-5-mini
Short Digest
a3151f58

Response Measures

None

Description

Contemporary wire reports (Nov 28–Dec 1, 1930) state the Knox County Savings Bank of Edina was closed or closed Friday by its board of directors. No run or depositor panic is described in the articles; the bank was closed by its board and appears to have remained closed. The exact legal receiver or permanent disposition is not given in the clippings, but closure (suspension leading to permanent closure) is indicated.

Events (1)

1. November 28, 1930 Suspension
Cause Details
Board of directors closed the bank; no specific reason stated in the articles.
Newspaper Excerpt
The Knox county savings bank of Edina, was closed today by its board of directors.
Source
newspapers

Newspaper Articles (3)

Article from Kenosha News, November 28, 1930

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Article Text

Banks Close in Four States Illinois Has Two Closings, Others Scattered Over United States Westfield, III.-(U.P)-The First National Bank here suspended business today. Officers announced that the institution's income was not sufficient to meet expenses. The bank has been operating for 25 years, and had deposits estimated at $325,000. Depositors will be paid in full, officials said. Hit by Withdrawals Corinth, Miss. The Corinth Bank and Trust Company, with deposits as of Sept. 24 of $1,650,000, closed today. Directors announced steady withdrawals had forced the action. Lock Missouri Bank Jefferson City, -(U.P.) The Knox county savings bank of Edina, was closed today by its board of directors. The institution was the second to close in Edina in the last two weeks, and leaves only one bank open in that city. The savings bank had loans of $201,606 capital stock of $20,000, surplus of $10,000, and deposits of $276,398. Kentucky Has Another Middlesboro, Ky.-(U.P.) Citizens Bank and Trust Company failed to open today. A notice posted said there had been heavy withdrawals. Take Over III. Bank Benton, Ill.-(U.P)-The First Na. tional Bank of Benton failed to open for business today. A notice posted on the door of the bank said the institution was in the hands of the comptroller of currency. Resources of the bank were approximated at $2,000,000.


Article from Evansville Press, November 28, 1930

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Article Text

PROMINENT MUNCIE MAN DIES SUDDENLY ONE OF FOUNDERS OF AMERICAN LEGION DIES By United Press KANSAS CITY, Mo., Nov. 28 Col. Arthur J. Elliott, 48, one of the founders of the American Legion, died today after an acute heart attack. Four Banks Close By United Press CORINTH, Miss., Nov. 28.-The Corinth Bank and Trust company, with deposits of $1,650,000, closed today. By United Press JEFFERSON CITY, Mo., Nov. 28. -The Knox County Savings bank of Edina, was closed today. The institution was the second to close in Edina in the last two weeks, and leaves only one bank open. By United Press MIDDLESBORO. Ky., Nov. 28.Citizens Bank and Trust company failed to open today. By United Press WESTFIELD, Ill., Nov. 28.-The By United Press First National bank suspended MUNCIE, Ind., Nov. 28.-The business today. Depositors will be second unexpected death in one of paid in full, officials said. the wealthiest families in Muncie Deaths recorded at the city occurred yesterday when Carl Maltland Kitselman, 65, dropped health office Friday were: Elizabeth Kneubel, 83, of 16 E. Indidead while playing with his grandchildren. ana-st, bronchial asthma; Emma brother, Edwin Faye Kitsel- May Van Cook, one day, 1414 Codyman. died on Armistice day. st, premature birth.


Article from The Asheville Times, December 1, 1930

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Article Text

THREE BANKS CLOSE DOORS IN MISSOURI turn over the affairs to state bank examiners The Portageville bank, of New Madrid county. closed with deposits of $161,888 and the New East Prairie bank-of East MisJEFFERSON CITY. Mo., Dec. 1sissippi county. closed with deposits of directors. The bank had loans of (UP)-Two state banks reported to of $201 606, capital stock of surthe finance department today they The Knox County Savings bank of had closed their doors and wished to plus 398 of $10,000 and deposits of $276,Edina was closed Friday by its board