Bank of Marshfield - Marshfield, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 9, 1930
Location: Marshfield, Missouri (37.339, -92.907)

Metadata

Model: gpt-5-mini
Short Digest: b3640af0

Response Measures

None

Description

Article (Apr 15, 1931) states the bank which closed last June 9, indicating the Bank of Marshfield closed on June 9 of the previous year (interpreted as 1930). The story discusses bonds deposited by the Bank of Marshfield used as collateral for state deposits and problems with interest payments, taxes and liens. The article does not describe a depositor run — it reports the bank had closed and there are asset/collateral problems, so I classify this as a suspension leading to permanent closure. Also the article reports a receivership for the Pierre Chouteau property (not the bank itself); that is included as an other event.

Events (2)

1. June 9, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed after failing to properly deposit interest on bonds, unpaid 1930 taxes, and mechanics liens on property; bonds held as collateral for state deposits were implicated.
Newspaper Excerpt: the bank which closed last June 9
Source: newspapers

2. April 15, 1931 Other

Newspaper Excerpt: PIERRE CHOUTEAU PLACE GOES INTO RECEIVERSHIP ... These bonds constituted deposit from the Bank of Marshfield, made with State Treasurer Larry Brunk to secure state funds deposited in ... the Pierre Chouteau apartments here ... interest on the bonds had not been deposited regularly ... taxes for 1930 had not been paid and mechanics liens for $50,000 were outstanding against the property (Apr 15, 1931 article).
Source: newspapers

Newspaper Articles (1)

1. April 15, 1931 Springfield Leader and Press Springfield, MO

Article from Springfield Leader and Press, April 15, 1931

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Article Text

PIERRE CHOUTEAU PLACE GOES INTO RECEIVERSHIP preference in the sale of bonds to Missouri banks The receivership petition stated that interest on the bonds had not been deposited regularly as required that the taxes for 1930 had not been paid and that mechanics liens for $50,000 were outstanding against the property ST. LOUIS April 15-M M. Reynolds an insurance man. today was appointed by Circuit Judge Hartmann as receiver of the Pierre Chouteau apartments here on which the state of Missouri holds $100,000 worth of bonds These bonds constituted deposit from the Bank of Marshfield. made with State Treasurer Larry Brunk to secure state funds deposited in ALFRED PAGE VISITOR the bank which closed last June 9 Returning to Washington from About $500.000 worth of a $650,000 Santa Fc New Mexico where he issue of Pierre Chouteau bonds was conducted a federal grand jury insold last year to Missouri bankers vestigation which resulted in the by William H. Norwine St. Louis indictment of several officials and bond salesman, the banks being others of Gallup. N. M. Alfred given to understand that the bonds Page. assistant United States atwould be accepted by the state as torney general. arrived in Springcollateral on deposits Governor field Tuesday He will be here for Caulfield opposed accepting the two days visiting his daughter. Mrs. bonds W H. Brunkhorst 732 South FlorOne of the charges in the pendence avenue. ing nt proceedings against Treasurer Brunk is that he At 67 Mrs M S. Watson of Liberty conspired with Norwine and J Kenneth Edlin of Chicago to give them "ing her son at Cincinnati