Jackson County Bank - Independence, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 23, 1931
Location: Independence, Missouri (39.091, -94.416)

Metadata

Model: gpt-5-mini
Short Digest: 0e66f0c5

Response Measures

Full suspension

Other: Liquidating agent (receiver) appointed by state bank commissioner; bank closed prior to appointment.

Description

Article (Kansas City Journal, 1931-11-06) reports steady withdrawals by depositors leading to the bank's closing about two weeks earlier; state bank commissioner named a liquidating agent. The sequence is a run that resulted in suspension/closure and liquidation. I inferred the run/closure date as ~1931-10-23 (two weeks before publication).

Events (3)

1. October 23, 1931 Run

Cause: Rumor Or Misinformation
Cause Details: Rumors circulated that the bank was in failing condition, prompting steady withdrawals by depositors.
Measures: None mentioned (withdrawals led to closure)
Newspaper Excerpt: The Jackson County bank closed its doors two weeks ago, following steady withdrawal of funds by the more than 2,000 depositors.
Source: newspapers

2. October 23, 1931 Suspension

Cause: Rumor Or Misinformation
Cause Details: Closure followed sustained withdrawals driven by rumors of failing condition.
Newspaper Excerpt: The Jackson County bank closed its doors two weeks ago, following steady withdrawal of funds by the more than 2,000 depositors.
Source: newspapers

3. November 6, 1931 Receivership

Newspaper Excerpt: W. B. Kelly, Independence attorney, was named liquidating agent for the Jackson County Bank of Independence today by S. L. Cantley, state bank commissioner.
Source: newspapers

Newspaper Articles (1)

1. November 6, 1931 Kansas City Journal Kansas City, MO

Article from Kansas City Journal, November 6, 1931

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Article Text

the last of his trilogy dealing with the passing of the pioneer generation published. This latest book, "His Father's God," was issued only NAME BANK RECEIVER W. B. Kelly to Liquidate Independence Firm. W. B. Kelly, Independence attorney, was named liquidating agent for the Jackson County Bank of Independence today by S. L. Cantley. state bank commissioner. The Jackson County bank closed its doors two weeks ago, following steady withdrawal of funds by the more than 2,000 depositors. Rumors it was in a failing condition