Lawson Bank - Lawson, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 1, 1926*
Location: Lawson, Missouri (39.438, -94.204)

Metadata

Model: gpt-5-mini
Short Digest: aa6a11f4

Response Measures

None

Description

Article (Nov 25, 1926) reports the state finance department has been in control of Lawson Bank for nearly six months and names a receiver (A. V. Spillman), indicating the bank was taken into state custody and placed in receivership. No run is described; the bank appears closed under state control/receivership.

Events (2)

1. May 1, 1926* Suspension

Cause: Government Action
Cause Details: State finance department assumed control of the bank (regulatory takeover) and operated it for nearly six months under a receiver; action by state authorities led to suspension of normal operations.
Newspaper Excerpt: the state finance department has been in control of the Lawson Bank
Source: newspapers

2. November 25, 1926 Receivership

Newspaper Excerpt: summary filed in the circuit court by the receiver A. V. Spillman ... Judge Hughes ... allowed a preliminary attorney's fee ... to attorneys for the deputy finance News.
Source: newspapers

Newspaper Articles (1)

1. November 25, 1926 Dade County Advocate Greenfield, MO

Article from Dade County Advocate, November 25, 1926

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Article Text

Friendship Worth Preserving American tourists took $190.000,000 in revenue to Canada in 1926, according to estimates of government officials. This is equal to the value of one-half of the Dominion's wheat crop. Automobiles to the number of 2½ million crossed the Canadian border. They earried approximately 9.000,000 tourists. Of the total traffic. Ontario received about 500,000 cars, the Maritime provinees 500,000 and Quebec 250,000 The paririe provinces of Manitobia, Saskatchewan and Alberta received the greatest influx of torrists in history. The Dominion is spending $100,000,000 a year in highway construction and improvement. and there are 425,000 miles of highway open for travel. Canada also spends many millions of dollars in advertising If Canada has any criticism of the Unit ed States, she is not shouting it from the house tops, just now. as European countries are The friendship existing between the United States and Canada is one of the happy phases of this westcrn civilization The interests, of the two countries are largely mutual and it would be eriminal to do otherwise than foster the good fellowship now existing. -St. Louis Stock Reporter. In the nearly six months due ing which the state finance depart met has been in control of the Lawson Bank, total expenses of operation, according to a summary filed in the circuit court by the receiver A. V. Spillman, have been $2,724,83. Judge Hughes before he left Monday allowed a preliminary attorney's fee of two thousand dollars to Lavelock, Kirkpatrick, Clark & Garner, attorneys for the deputy finance News.