Bank of Kennett - Kennett, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 25, 1932
Location: Kennett, Missouri (36.236, -90.056)

Metadata

Model: gpt-5-mini
Short Digest: a452e162

Response Measures

None

Description

OCR-corrupted article. Text indicates the state department purchased/took over the Bank of Hornersville (outright purchase by state department), implying a government takeover/closure rather than a depositor run. No mention of a run or reopening; thus classified as suspension leading to closure (government action). Publication date used as event date.

Events (1)

1. January 25, 1932 Suspension

Cause: Government Action
Cause Details: State banking department purchased/took over the bank (outright purchase by state department).
Newspaper Excerpt: The Bank of Hornersville has been taken by the state department ... leaves an outright purchase, without bank.
Source: newspapers

Newspaper Articles (1)

1. January 25, 1932 Moberly Monitor-Index and Moberly Evening Democrat Moberly, MO

Article from Moberly Monitor-Index and Moberly Evening Democrat, January 25, 1932

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Article Text

BUYS BANK of Hornerville has been The Bank the Bank of Kentaken by nett, today by the state department which had the of the department, was and leaves an outright purchase, without bank. Both Hornerville banks are Dunklin county. The purchase of the the Kennett bank bank than while had bank of had the of $116.354.