10505. Bank of Nixa (Nixa, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 1, 1933*
Location
Nixa, Missouri (37.043, -93.294)

Metadata

Model
gpt-5-mini
Short Digest
9d6608bd

Response Measures

None

Description

Articles (Christian County Republican, 1933-02-09) report the Bank of Nixa had closed several weeks earlier under a 30-day moratorium (suspension) and is reopening after depositors signed agreements. No explicit run or rumor is described; suspension appears voluntary/administrative and the bank reopens. Reopening referenced as happening the Saturday after the Feb 9, 1933 publication (Feb 11, 1933).

Events (2)

1. January 1, 1933* Suspension
Cause Details
Closed under a 30-day moratorium (administrative/voluntary suspension); article does not attribute the closure to a run, rumor, or government action.
Newspaper Excerpt
Bank of Nixa, which closed several weeks ago under 30day moratorium
Source
newspapers
2. February 11, 1933 Reopening
Newspaper Excerpt
the bank will re-open Saturday morning for business. Beginning Saturday morning deposits will be received by the Bank but the agreement that no loans are to made from the deposits ... every depositor who placmoney in Bank of Nixa after its re-opening hour Saturday morning, will be fully protected.
Source
newspapers

Newspaper Articles (2)

Article from Christian County Republican, February 9, 1933

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Article Text

Over Ninety Per Cent of Depositors Have Signed Committee to Work With Board of to Be Receiv- ed But No Loans Made. Officials of the Bank of Nixa, which closed several weeks ago under 30day moratorium, report that over 90 of the depositors have signtheir depositor's agreements and the bank will re-open Saturday morning for business. citizens' committee from Nixa will work in conjunction with the Board of Directors of the Bank. Beginning Saturday morning deposits will be received by the Bank but the agreement that no loans are to made from the deposits as after the hour of This that every depositor who placmoney in Bank of Nixa after its re-opening hour Saturday morning, will be fully protected. E. Keltner, deputy sheriff of Christian county, and president of the Bank of Nixa, was interviewed Wednesday morning by representative of the Republican and he found Keltner in high spirits over the success of getting the Bank of Nixa reopened and prospects for the future. deeply feel," said Mr. Keltner, the Bank of Nixa, as it reopens under the plans we have worked out, in better shape than it has been since was organized and that we can securely feel that have bank which our citizens place full may confidence. By careful examination Bank, know taht the time deposits of our customers, when placthe credit of their indebtedness the bank, which time and plans will do, will within few years duce the liability of the bank to less than $5,000. also wish," continued Mr. Keltner, to take the opportunity you offer in this interview to make public expression of thanks and appresiation to the many depositors and friends of the Bank of Nixa who have been faithful in their endeavors by assisting us in the plans which adopted to perfect this reopening. The confidence they have expressed signing agreements and the interest they have taken in getting others to sign, places new responsibility the officials of the bank upon which each one will work diligently, honestly and faithfully to protect. sincerely believe that the reopening the Bank of Nixa is red-letter day in the history of our town and community."


Article from Christian County Republican, February 9, 1933

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Article Text

RUSSELL REPORTS PROGRESS BEING MADE Russell, cashier of the Bank Ozark, which closed two weeks ago under 30-day moratorium, reports encouraging progress being made in getting depositors to sign the depositor's agreement. success continues during the next two weeks, in proportion to the last two weeks, Mr. Russell hopes to be able to announce reopening date shortly after that time. The Bank of Ozark is using the same plan to perfect reopening which has been successful in reopenthe Bank of Nixa.