Kirksville Trust Company - Kirksville, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: *
Location: Kirksville, Missouri (40.195, -92.583)

Metadata

Model: gpt-5-mini
Short Digest: e45ebde1

Response Measures

None

Description

Article (Joplin Globe, 1925-01-30) reports that defalcations (embezzlement) by Lonnie Gibbs resulted in the failure/liquidation of the Kirksville Trust Company. The text does not explicitly describe a depositor run or the exact suspension date; it describes failure and liquidation. I classify as suspension_closure because the bank failed/was liquidated (closed) with no run reported. OCR errors in original text corrected (e.g., 'falled' -> 'failed'; 'defalcations' refers to embezzlement).

Events (2)

1. * Other

Newspaper Excerpt: the defalcations that resulted the failure the Kirksville Trust Company Kirksville. He suld the unusual that the bank falled for almost twice the amount reputed resources. Millspaugh that Lonnie Gibbs, of the institution, committed had kept duplicate of records the department of the bank.
Source: newspapers

2. * Receivership

Newspaper Excerpt: the defalcations that resulted the failure the Kirksville Trust Company Kirksville. Millspaugh that Lonnie Gibbs, of the institution, committed had kept duplicate of records the department of the bank.
Source: newspapers

Newspaper Articles (1)

1. January 30, 1925 Joplin Globe Joplin, MO

Article from Joplin Globe, January 30, 1925

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Article Text

FINANCE INQUIRY MILLS. PAUGH DENIES ATTORNEY GETS the Associated Press. Jefferson City, Mo., Jan. Inquiry the of the state finance department was begun by the senate general investigating committee. Finance Commissioner Millspaugh was on the stand than an hour day, testifying the employment of attorneys by the department liquidating of closed banks and incidentally gave the committee his opinion the for the "unusual number" of by bank officials. An afternoon session of the committee was prevented by tended argument in senate over senate bill 24. The finance missioner expected to resume the stand Received No for Advice. Senator Frank H. Farris, man of the committee, questioned Millspaugh in particular regard the employment Francis of Louis liquidation failed banks. Millspaugh that consulted Francis most of the bank failure cases but that he no for advice. committee chairman asked Commissioner Millspaugh WAS not true that Francis received from all local employed in liquidating closed banks. "Absolutely the finance commissioner replied, adding that Francis received fees only from cases which he actively gaged. The commissioner necessary that have an versed banking affairs, to consult with quickly tion with bank failures. Millspaugh told the committees the defalcations that resulted the failure the Kirksville Trust Company Kirksville. He suld the unusual that the bank falled for almost twice the amount reputed resources. Millspaugh that Lonnie Gibbs, of the institution, committed had kept duplicate of records the department of the bank.