10438. Bank of Malta Bend (Malta Bend, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
November 2, 1931
Location
Malta Bend, Missouri (39.193, -93.363)

Metadata

Model
gpt-5-mini
Short Digest
15cd2cf1

Response Measures

Full suspension

Description

Multiple contemporaneous newspapers (Nov 2–3, 1931) report the Bank of Malta Bend (Saline County, MO) failed to open after heavy withdrawals. That language indicates a depositor run precipitating closure by directors/state finance department. No evidence in these excerpts that the bank later reopened.

Events (2)
1. November 2, 1931 Run
Cause Details
Heavy withdrawals / depositor run prompted by unspecified causes
Newspaper Excerpt
Heavy withdrawals were assigned the reason for the closings.
Source
newspapers
2. November 2, 1931 Suspension
Cause Details
Closed (failed to open) after heavy withdrawals; reported by state finance department
Newspaper Excerpt
state finance department was notified today of the closing of four state banks... Bank Malta Bend, at Malta Bend ...
Source
newspapers

Newspaper Articles (3)
1. November 2, 1931 Joplin News-Herald Joplin, MO
Article from Joplin News-Herald, November 2, 1931

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Article Text

OF STATE BANKS IS ANNOUNCED Jefferson City, Nov. finance department tified today of the closing of four state banks. Heavy withdrawals assigned the reason all the closings. The four banks Owensville bank, Owensville, Gasconade county, deposits $298,257; surplus, $12,500; capital stock, $50,000; resources, $372,349; loans, and bills payable. Graves president and George W. Tappmeyer, cashier. Bank of Hardin, Hardin. Ray deposits, loans, resources, capital stock, surplus. bills Marvin Grimes president and Rhodes, cashier. Prairie Home Prairie Home, Cooper county, resources loans, $70,309; $12,000; deposits, and $3,000 surplus. Meredith president and Wilhite, cashier Bank Malta Bend, at Malta Bend Saline resources, loans, capital stock, surplus, $20,000; posits, and bills payable, Van Anglen dent and M. Van Anglen,

2. November 2, 1931 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, November 2, 1931

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Article Text

FOUR STATE BANKS CLOSE. Closings at Owensville, Hardin, Malta Bend, Prairie Home. JEFFERSON CITY Nov state finance department was notified today of the closing four banks. Heavy withdrawals were assigned reason for the closings by the state finance department feur banks are Owensv Owensville in Gasconade County: deposits, $298.257; surplus, $12,500 capital stock. and $10,000 E. E. Graves president and George W Tappmeyer cahseir Bank of Hardin at Hardin in Ray County: deposits, recources, capital stock, $10,000: bills payable, Grimes was and W. Rhodes, Prairie Home Bank at Prairie loans, bills payable and $3,000 Meredith was president and R. H. cashier Bank of Malta Bend at Malta Bend Saline $139.719 loans, $101 capital stock. de Van and M. H. Van Anglen

3. November 3, 1931 The Indianapolis Star Indianapolis, IN
Article from The Indianapolis Star, November 3, 1931

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Article Text

YORK STOCK EXCHANGE TRANSACTIONS NEW Nov. Shares sold today Year ago Sales Jan. date Same period Net Clos. Apprx. Div. (Hundreds) Net Apprx. (Hundreds) Net complete Apprx. (Hundreds) Following is Security High NEW Security High Low New York W transactions on list stock change: Net (Hundreds) Apprx. Security 13.73 nine months to Sept. Field 000 against net income $457 096 equal Dept Sparks to 88 cents common share. Arcturus Radio Tube Reduces tube prices ranging from 20 to 60 United American Utilities-Defers 11.11 action on Class A dividend: paid 321 cents Sept. SEDALIA BANK FAILS. JEFFERSON CITY Mo. Nov and four banks failed to open in Missouri toThe Citizens National bank of dalia with deposits approximately one of the largest banks in central Missouri was closed by the directors after William H. Powell president shot and seriously 11.11 Motors wounded himself yesterday He 6.67 reported slightly improved today Other banks in Sedalia opened for business usual today with withdrawals but no indications of runs developing Heavy withdra assigned as the reason for the four state bank closings They the Owensville bank. resources $372,849 Bank of and Bank of Malta Bend, RUN CLOSES BANK. TOPEKA. Kas., Nov Kansas banking department nounced the closing of the and Merchants State bank of Concordia today by order its board of 6.00 directors because of heavy with5.88 The bank's Oct 10 statement listed $100,000 capital stock $10,000 surplus and $314.144 deposits. BANK RECEIVER RESIGNS 12.64 BROOK Ind. Nov Luther Lyons. who took over the affairs the State bank of Brook when failed last December has handed in his resignation as receiver Judge Williams has not indicated who would be appointed in his place. Last week dividend of 5 per cent was paid the depositors. 7.14 CLOSING AT ALEXANDRIA. Closing of the Alexandria bank, at Alexandria, was announced yesterPublix day the offices of the state bankdepartment The institution had resources of $596 and deposits $546,138.48 according to its June 30 report. S. Phillips is president and Kelly cashier Rap Pet 8.17 Oil New York Stock Exchange Mach New York Cotton Exchange Cement 7.68 6.25 401 CIRCLE TOWER 8.33 11 Wall Street 924 Baltimore Ave. Tea Kansas City Two years Film when earned. aUnit stock. shares.