Bank of Hatfield - Hatfield, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 20, 1927
Location: Hatfield, Missouri (40.529, -94.155)

Metadata

Model: gpt-5-mini
Short Digest: 6d6cba70

Response Measures

None

Description

Articles (dated Oct 20–21, 1927) report the Bank of Hatfield voluntarily quitting business and liquidating, with depositors to be paid in full. OCR in the first article is garbled; corrected to reflect that the bank is suspending and liquidating. No run or receivership is reported.

Events (1)

1. October 20, 1927 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily quitting business and liquidating because it had not been making money; officials say deposits will be paid in full.
Newspaper Excerpt: The Bank of Hatfield ... is voluntarily quitting business. Officials declare the bank has not been making money. Depositors will be paid in full and liquidating has already begun.
Source: newspapers

Newspaper Articles (2)

1. October 21, 1927 Kansas City Journal Kansas City, MO

Article from Kansas City Journal, October 21, 1927

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Article Text

HATFIELD BANK TO CLOSE DOORS Institution Notifies Depositors Their Money Awaits Them. BETHANY, MO., Oct. ing decision of the board of rectors reached last night. depositors of the Bank of Hatfield, 25 miles north notified today the bank suspending business and that their awaits them in full when they call for Assets the bank are tained by the for the purpose notes, will charter of the institution alive. expected require several years settle of The five members the board have pooled enough money to pay the depositors, and themselves realize from collections. Deposits the time the bank suspended No dividends have been paid several years and there done for more as the reason for the bank' suspension.

2. October 21, 1927 St. Joseph Gazette St. Joseph, MO

Article from St. Joseph Gazette, October 21, 1927

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Article Text

HATFIELD BANK SUSPENDS Institution Quits Business Voluntarily and Will Pay in Full Bethany. Mo., Oct. 20. (Special)The Bank of Hatfield, located 26 miles north of here, is voluntarily quitting business. it was learned here today. Officials declare the bank has not been making money. Depositors will be paid in full and Hquidating has already begun. It is said the bank's April statement was capital $20,000, deposits $44,000. loans $47,000. cash in sight exchange $8,000. The officials are Blaine Powell, president; E. L. Donelson, vice president and Charles Adair, cashier. This leaves 11 banks out of an original 18 in Harrison county.