Bank of Liberal - Liberal, MO

Bank Information

Episode Type: Run Only
Bank Type: state
Start Date: February 10, 1932
Location: Liberal, Missouri (37.558, -94.520)

Metadata

Model: gpt-5-mini
Short Digest: cba6566a

Response Measures

Capital injected

Other: Mayor declared one-day moratorium on business; local businessmen raised funds to reorganize the bank.

Description

Newspapers (Feb 11, 1932) report a slow run beginning and a mayor-declared moratorium while businessmen raised funds to support and reorganize the bank. There is no explicit report that the bank suspended payments or was placed in receivership; thus classified as run_only. OCR typos corrected (e.g., article fragments).

Events (1)

1. February 10, 1932 Run

Cause Details: Local depositor nervousness/fear led to a slow run; no specific rumor or bank insolvency cited.
Measures: Mayor declared a one-day moratorium on business; business men raised $32,000 (with $50,000 goal) to reorganize and support the bank.
Newspaper Excerpt: A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium on all business activity here.
Source: newspapers

Newspaper Articles (2)

1. February 11, 1932 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, February 11, 1932

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Article Text

Mayor's Moratorium Will Stay In Effect Liberal, Mo., Feb. fect here today while of the Bank of Liberal completed. Business men subscribed the nance the institution which pected re-open tomorrow this time, business places Liberal also re-open. Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.

2. February 11, 1932 Columbia Missourian Columbia, MO

Article from Columbia Missourian, February 11, 1932

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Article Text

RUN BEGINS ON LIBERAL BANK Business Men Begin Reorganization to Stave Off Withdrawals LIBERAL, Mo., Feb. 11 (U.P.)A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium on all business activity here. Officials of the bank said they have sufficient funds for ordinary business, but feared heavy run. Plans were under way to reorganize the bank, and $32,000 had been raised at noon by Liberal business men for that purpose. The goal is $50,000.