10188. Bank of Everton (Everton, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
July 11, 1931
Location
Everton, Missouri (37.343, -93.702)

Metadata

Model
gpt-5-mini
Short Digest
a275f35c

Response Measures

None

Description

The bank was closed and taken over by the State Finance Department (government action). Contemporary reporting (July 11–13, 1931) says plans for reorganization and reopening are underway and depositors are protected; no run is mentioned in the articles. Reopening is reported as planned but not yet completed in these items.

Events (2)
1. July 11, 1931 Suspension
Cause
Government Action
Cause Details
State Finance Department took over the institution and the board ordered the bank closed; regulatory takeover/closure by state authority.
Newspaper Excerpt
The Bank of Everton, in Dade county, notified the State Finance Department today had closed its doors. The department took over the institution immediately.
Source
newspapers
2. July 13, 1931 Other
Newspaper Excerpt
Plans for reorganization and reopening of the bank already are under way... Depositors are fully protected, and there will be no losses resulting from the closing, Mr. Poindexter said.
Source
newspapers

Newspaper Articles (3)
1. July 11, 1931 The Chillicothe Constitution-Tribune Chillicothe, MO
Article from The Chillicothe Constitution-Tribune, July 11, 1931

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Article Text

OF EVERTON CLOSED BANK Department Takes Over Finance Institution Today Pantages Case Dismissed SAN JEFFERSON CITY, July against Alexander Charges of Everton, in county, Bank and notified the State Finance accused of moral other defendants, closed its doors. The had involving two young girls fenses took over the institution partment their second dsmissed today when mediately. called. had deposits of $169,000, bank of $173,000 and total resources Drowned in Bathtub. $207,333. Kans., July P.)-Mrs James hasn't been eduan average man in Bathtub at her drowned he liable to laugh to music, ment here yesterday. vocal gymnastics begin.

2. July 13, 1931 The Chillicothe Constitution-Tribune Chillicothe, MO
Article from The Chillicothe Constitution-Tribune, July 13, 1931

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Article Text

BANK OF EVERTON CLOSED State Finance Department Takes Over Institution Today JEFFERSON CITY. July The Bank of Everton, in Dade county, notified the State Finance Department today had closed its doors. The department took over the institution mediately. The bank had deposits of $169,000, loans of $173,000 and total resources of If an average man hasn't been educated to music, he liable to laugh when vocal begin.

3. July 13, 1931 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, July 13, 1931

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Article Text

Plan to Reorganize Bank of Everton, Closed by Board The Bank of Everton. at Everton. Mo., one of the oldest banks in the region and the only one in that section of Dade county. was closed this morning by order of the board of directors. The bank had been in business for 42 years. Plans for reorganization and reopening of the bank already are under way. and will be worked out "as soon as possible,' the president and cashier of the bank Monte Poindexter said this morning. Depositors are fully protected. and there will be no losses resulting from the closing. Mr. Poindexter said. The bank had capital stock and surplus of $30,000; and outside holdings to bring its assets up to between $50,000 and $75,000. Deposits are $169.000 The bank two years ago bought and absorbed the Citizens bank at Everton. Officers and directors of the bank are Monte Poindexter. president and cashier; C. Lemore, assistant cashier. Joe Whitaker of Walnut Grove and the Reverend W. R. Russell of Everton