Southern Bank - Fulton, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 30, 1930
Location: Fulton, Missouri (38.847, -91.948)

Metadata

Model: gpt-5-mini
Short Digest: cd4d2caf

Response Measures

None

Description

Article (New Bloomfield News, 1930-01-30) describes the Southern Bank of Fulton as 'defunct' with a commissioner (J. R. Baker) disposing of assets and dividends paid; no mention of a depositor run. Closure appears to have been handled by a commissioner/receiver, so classified as suspension leading to closure. No explicit suspension date given; sale approval dated 1930-01-30.

Events (2)

1. January 30, 1930 Receivership

Newspaper Excerpt: The sale of real estate, including building and fixtures, of the defunct Southern Bank of Fulton, by J R Baker, commissioner, several weeks ago, was approved late Saturday afternoon by Judge H. A. Collier, in the Boone county circuit court.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank closed and placed under a commissioner/receiver (J. R. Baker); assets being sold and dividends declared.
Newspaper Excerpt: the defunct Southern Bank of Fulton ... by J R Baker, commissioner
Source: newspapers

Newspaper Articles (1)

1. January 30, 1930 New Bloomfield News New Bloomfield, MO

Article from New Bloomfield News, January 30, 1930

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Article Text

Approved Sale of Southern Bank The sale of real estate, including building and fixtures, of the defunct Southern Bank of Fulton, by J R Baker, com missioner, several weeks ago, was approved late Saturday afternoon by Judge H. A. Collier, in the Boone county circuit court. A protest, filed by Senator W. C. Irwin, of fferson City, on behalf of John R. Snell and thirteen other depositors of the bank, who asked that the sale be set aside, failed to offer sufficient grounds for disapproving the sale. It is probable that the case of the fourteen depositors, who ask full amount of their deposits from the stockholders of the bank, will come to trial at the February term of circuit court. With the buildings and real estate of the bank being finally disposed of, Mr. Baker now has to sell the notes, declare a final dividend and make a final set tlement before his release as commissioner of the defunct in stitution. One 25 per cent and three ten per cent dividends have been declared since the bank was closed, making a total of 55 per cent in dividends to date for the depositors-Sun