Farmers Bank - Maitland, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 20, 1934
Location: Maitland, Missouri (40.201, -95.074)

Metadata

Model: gpt-5-mini
Short Digest: 4f33e6eb

Response Measures

None

Description

Article (Dec 20, 1934) states the State Finance Department issued a charter to Maitland Farmers Bank which is taking over 35% of the deposit liabilities of the Farmers Bank of Maitland, which 'had been operat[ing] under restrictions.' This indicates the original Farmers Bank was operating under regulatory restrictions (a suspension/limitation) and its deposits were partially taken over by a newly chartered bank. No run is mentioned and no explicit receiver is named, but the bank was effectively closed/limited and assets assumed by a new institution — classified as suspension followed by closure/takeover.

Events (2)

1. December 20, 1934 Other

Newspaper Excerpt: The State Finance Department today announced had issued charter to the Maitland Farmers Bank, which is taking over 35 per cent the deposit liabilities the Farmers Bank of Maitland, which been operat under restrictions.
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: State Finance Department restrictions imposed on the Farmers Bank of Maitland leading to limited operations.
Newspaper Excerpt: the Farmers Bank of Maitland, which been operat under restrictions.
Source: newspapers

Newspaper Articles (1)

1. December 20, 1934 Jefferson City Post-Tribune Jefferson City, MO

Article from Jefferson City Post-Tribune, December 20, 1934

Click image to open full size in new tab

Article Text

CHARTER TO BANK IN MAITLAND, MO. The State Finance Department today announced had issued charter to the Maitland Farmers Bank, which is taking over 35 per cent the deposit liabilities the Farmers Bank of Maitland, which been operat under restrictions. The stitution will capitalized at $25,000 with surplus rectors M. Thompson, Ed Goodpasture and Hooper.