10184. Bank of Elkland (Elkland, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
May 24, 1930
Location
Elkland, Missouri (37.443, -93.031)

Metadata

Model
gpt-5-mini
Short Digest
59e304fa

Response Measures

Full suspension, Books examined

Other: Directors closed the bank and turned it over to the State Finance Department; notice to creditors issued later (state placed in charge / special deputy).

Description

Articles (May 24–June 1930) report a run on the Bank of Elkland which led the directors to close the bank and turn it over to the Missouri State Finance Department; a notice to creditors dated June 24, 1930 indicates receivership/administration. The run appears to have been triggered in part by a recent neighboring bank closing (Grove Bank), so classified as local_banks. OCR errors in articles corrected (e.g., depart ment -> Department).

Events (3)
1. May 24, 1930 Run
Cause
Local Banks
Cause Details
Depositors made continuous withdrawals over several days; press suggests recent closing of nearby Grove Bank contributed to panic.
Measures
Directors closed the bank and turned it over to the State Finance Department; examiners directed to take charge.
Newspaper Excerpt
a run on the bank for the past several days being the cause
Source
newspapers
2. May 24, 1930 Suspension
Cause
Local Banks
Cause Details
Directors closed the bank after continuous withdrawals (a run) forced them to turn business over to the State Finance Department.
Newspaper Excerpt
was closed day by its board of directors and turned over to the state finance department
Source
newspapers
3. June 24, 1930 Receivership
Newspaper Excerpt
Tuesday, June 24, 1930 ... State of Missouri in charge the business and property said bank. Special Deputy charge.
Source
newspapers

Newspaper Articles (5)
1. May 24, 1930 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, May 24, 1930

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Article Text

SMALL WEBSTER CO. BANK IS SUSPENDED JEFFERSON CITY, May Bank of Elkland at Webster county, which had total was closed day by its board of directors and turned over to the state finance partment. Truman Richards, state bank examiner, has been directed to there and take charge. The bank's last statement showed had $10,000 capital, $10,000 surplus, deposits, $64,390 loans and $18,000 bills payable. Dailey was president and Lowder cashier. Elkland has population less than and insufficient business justify continuing bank. COSTLY GOWNS the fashion's raiment for society gowns gold and Through perfected. sprayed on gowns velvet. Needless since gold and used the percent pure, the dresses

2. May 29, 1930 The Conway Weekly Record Conway, MO
Article from The Conway Weekly Record, May 29, 1930

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Article Text

Close Elkland Bank The Bank of Elkland, at Elkland. Mo., was closed last week by the be paid in fuil.

3. May 29, 1930 The Marshfield Mail Marshfield, MO
Article from The Marshfield Mail, May 29, 1930

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Article Text

Bank of Elkland Is Closed By Directors Officers and directors of the Bank Elkland closed the bank last week and turned over the State Finance Department. that continuous withdrawal deposits for several forced the officers to close the assets could not turned fast enough to meet the demands of calling for their believed that the depositors paid in full. learned whether an effort the bank reported that the closing Grove Bank recently, neighboring institution, cause the run on the bank.

4. June 5, 1930 Houston Republican Houston, MO
Article from Houston Republican, June 5, 1930

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Article Text

STORY TELLING HOUR AT THE LIBRARY Thirty children listened intently to the stories told by Mrs. James Rutherford last Saturday afternoon. We would suggest that everyone be on hand at 3 o'clock so as not to miss any of the stories. Mrs. Clarence McCaskill in charge next Saturday. Librarian. The Bank of Elkland, at Elkland, Mo., was closed last week by the rectors, a "run" on the bank for the past several days being the cause, is said. It is thought depositers will be paid in full.

5. September 11, 1930 The Marshfield Mail Marshfield, MO
Article from The Marshfield Mail, September 11, 1930

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Article Text

Notice to Creditors of THE BANK OF MISSOURI Tuesday, June 24, 1930 All who have claims the Bank Elkland, Missouri, are notified to sent the same and thereof within four months from the above rooms of said Bank, Elkthey are further notified that the last date for presenting said be Friday, October 24, 1930. of the State of Missouri in charge the business and property said bank. Special Deputy charge.