Bank of Miller - Miller, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: October 18, 1928
Location: Miller, Missouri (37.216, -93.841)

Metadata

Model: gpt-5-mini
Short Digest: c0df051f

Response Measures

Full suspension

Other: Directors asked state finance department to take charge; likely placed in receivership by state.

Description

Newspaper (Golden City Herald) reports a run on the Bank of Miller and that directors, finding the bank in poor condition, asked the state finance department to take charge. Closure and state takeover indicate suspension followed by permanent closure/receivership.

Events (3)

1. October 18, 1928 Receivership

Newspaper Excerpt: the directors asking the state finance department to take charge.
Source: newspapers

2. October 18, 1928 Run

Cause: Bank Specific Adverse Info
Cause Details: Bank in a very poor condition and unable to withstand withdrawals; run developed against the institution.
Measures: Directors held a meeting and decided to close the bank; they asked the state finance department to take charge.
Newspaper Excerpt: It was reported here that there was run on the bank and it being in a very poor condition to stand a run at this time, meeting of the directors was held and the decision to close the bank was made.
Source: newspapers

3. October 18, 1928 Suspension

Cause: Government Action
Cause Details: Directors requested state finance department take charge leading to closure/suspension of payments.
Newspaper Excerpt: The Bank of Miller in Lawrence County closed its doors Thursday, the directors asking the state finance department to take charge.
Source: newspapers

Newspaper Articles (1)

1. October 18, 1928 Golden City Herald Golden City, MO

Article from Golden City Herald, October 18, 1928

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Article Text

Bank of Miller Closed The Bank of Miller in Lawrence County closed its doors Thursday, the directors asking the state finance department to take charge. It was reported here that there was run on the bank and it being in a very poor condition to stand a run at this time, meeting of the directors was held and the decision to close the bank was made. The bank's last report showed loans totaling $172.153.12; deposits of $164,000: capital, $25,000; surplus, nothing and total resources. George Swearingen is president and F. A. Gibbons is cashier of the institution. It is the only bank in Miller.