10527. Pattonsburg Savings Bank (Pattonsburg, MO)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
March 15, 1926
Location
Pattonsburg, Missouri (40.075, -94.102)

Metadata

Model
gpt-5-mini
Short Digest
99bfe637

Response Measures

Full suspension, Books examined

Other: Closing placed bank in hands of State Finance Commission; reopening reported later in local paper.

Description

A steady withdrawal/run in mid-March 1926 led the bank to place itself in the hands of the State Finance Commission (voluntary closing). By April 28, 1926 the paper reports the bank has been re-opened. Cause appears to be contagion from runs on other local Daviess County banks.

Events (3)

1. March 15, 1926 Run
Cause
Local Banks
Cause Details
Steady withdrawals attributed to runs/distress among other Daviess County banks (contagion)
Measures
Voluntary closing; placed in the hands of the State Finance Commission
Newspaper Excerpt
STEADY RUN CLOSES PATTONSBURG, MO., BANK ... steady withdrawal of accounts had been under way ... the closing was voluntary on the part of the bank and is laid to the recent run on the bank, other Daviess County banks
Source
newspapers
2. March 15, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended operations voluntarily and placed under the State Finance Commission following heavy withdrawals (closure tied to the run).
Newspaper Excerpt
was placed in the hands of the State Finance Commission morning ... the closing was voluntary on the part of the bank
Source
newspapers
3. April 28, 1926 Reopening
Newspaper Excerpt
Pattonsburg Savings Bank which closed short time has been re-opened for business.
Source
newspapers

Newspaper Articles (2)

Article from St. Louis Globe-Democrat, March 16, 1926

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Article Text

STEADY RUN CLOSES PATTONSBURG, MO., BANK GALLATIN, MO., March 15.-The Pattonsburg Savings Bank of Pattonsburg, Mo., eighteen miles northwest of here, was placed in the hands of the State Finance. Commission morning. steady withdrawal of accounts had been under the of the Farmers' Exchange Bank March and the two banks Jameson, Mo., week. According to ports the closing was voluntary on the part of the bank and is laid to the recent run on the bank, other Daviess County banks R. E. Maupin was president and his son, R. Maupin, was cashier. B. McDonald resigned as cashfor of the bank last With the closing the PattonsSavings Bank, with capital of $20,000, surplus and undivided profits amounting $65, Daviess County now has but seven banks, one in Gallatin, in Winston, one at Jamesport, two at Cofone at Locksprings and the remaining bank at the Daviess County Bank Baker Requisition CITY, MO., March 15,-Gov. today the requisition of the Governor of IIII. nois for of Isaac Land reth under arrest at Lexington, the state, and wanted at Louisville, Clay County, charge of forging for $80 and checks for amounts. ILL., March 15.The first fatality from autos in 1926 here was recorded yesterday when Paul Rothenberger, darted front of car driven by Dr. H. H. Turner and was instantly killed.


Article from The Braymer Bee, April 28, 1926

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Article Text

Stet High School Play On Friday May the Senior Class the High School will present the comedy Full The that school habit things and enthusiastically doubt Starr arrived Tuesday from the Norborne country where called by the death eldest Mrs. last Thursday and The deceased was the the Brock family, and had life the Norborne where she widely known and was spected. Hudspeth, Sibley, Friday evening while meeting the Board of Trustees the Christian Church at that place. He was 77 years Mr. Hudspeth famous huntsmen and many who are the fox hounds and sports of the chase remember him kindly. weather last Saturday productive large crowd often the case with advertising, the Skinner place of business, but the Oliver plow at the interest and inquiries before the detrimental the weather and since, have made amends for that day expected to have another ciferous demand for one of our daily half column in (the other day) of doleful stuff about weather are to have for the next years. That ordinarily increases the demand for the paper. and John Etherton drove from St. Louis, arriving Wednesday of last week, and they expect to leave tomorrow the return trip. John has been working in the city since last fall and his family will return with him to make that their home, for the present at least. Heavener was in town terday, calling at The Bee office apparently in good health. We recall few years ago his desperate illness, and couldn't refrain from commenting on the gratifying Perfection Oil Stove demonstration being advertised the Braymer Hardware Saturday of this week. factory representative will be there to instruct users of the Perfection in the way to get best results. Woolsey who submitmajor surgical operation at Joseph two weeks ago, was brought on the afternoon train Monday. She was much fatigued from the trip, but is improving. Pattonsburg Savings Bank which closed short time has been re-opened for business. the first of the Daviess County banks to everybody will be glad things begin to iron out in that county. Verna Thompson has been employed to teach the Maple Grove School the coming year where she has just closed successful year. Miss Hildred will teach at the Green Grove school. son of James Thompson, reports the killing of an old wolf and six young ones last week. Divelbiss was Chillivisitor last Thursday.