Bank of Matthews - Matthews, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: March 23, 1927
Location: Matthews, Missouri (36.759, -89.587)

Metadata

Model: gpt-5-mini
Short Digest: 5d6752f0

Response Measures

Full suspension

Other: Closed on order of board of directors; described as a temporary closing. State department notified.

Description

Article (Apr 7, 1927) reports a run that began about a week earlier; board of directors ordered the bank closed. No reopening mentioned. Bank described as a state bank in the article. OCR corrected minor punctuation; New Madrid is the county.

Events (3)

1. March 23, 1927 Other

Newspaper Excerpt: The bank statement of March 23, 1927, shows total deposits of $49,182 ... total resources of $113,082 ... capital stock of $10,000 and a surplus of $16,500 .
Source: newspapers

2. March 31, 1927 Run

Cause Details: Article notes a run began about a week before closing but gives no specific trigger or rumor; cause not specified.
Measures: None recorded besides board later ordering closure; heavy withdrawals prompted decision to close.
Newspaper Excerpt: the temporary closing made necessary because run on the bank which started about week ago
Source: newspapers

3. April 7, 1927 Suspension

Cause Details: Board-ordered temporary closing as a precaution in response to the run; state department notified.
Newspaper Excerpt: the Bank of Matthews, in Matthews, New Madrid had been closed on order of its board of directors.
Source: newspapers

Newspaper Articles (1)

1. April 7, 1927 The Kansas City Post Kansas City, MO

Article from The Kansas City Post, April 7, 1927

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Article Text

BANK CLOSES IN BURLINGTON Run Action. But Institution Is Declared Solvent. Burlington State bank did not open its doors morning as result decision made by Sanders, B. Harreld and G. Norris. members of the bank's board of directors, in meeting last night. Mr. Sanders, president the institution, said that the temporary closing made necessary because run on the bank which started about week ago and that because of the many this seemed the only way to protect depositors prop"It does nist possible that the depositors will anything for the bank is The closing is only precaution." said the president this morning The bank statement of March 23, 1927, shows total deposits of $171,324.73. loans cash and exchange $19,054.67 and total The state department has been notified and representative is expected here today. From The Jefferson City JEFFERSON CITY April state department informed today that the Bank of Matthews, in Matthews, New Madrid had been closed on order of its board of directors. The bank had total resources of $113,082. deposits of $49,182 loans totalling capital stock of $10,000 and a. surplus of $16,500.