10540. Poplar Bluff Trust Company (Poplar Bluff, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
August 6, 1928
Location
Poplar Bluff, Missouri (36.757, -90.393)

Metadata

Model
gpt-5-mini
Short Digest
1a2d3b10

Response Measures

None

Description

Articles (Aug 6–9, 1928) report the Poplar Bluff Trust Company as closed/defunct and a special deputy receiver (Eugene L. McGee) was appointed by the state finance commissioner to liquidate its affairs. No article describes a depositor run; the action appears to be a government-appointed receivership (closure). OCR typos corrected (e.g., 'Cantley' -> finance commissioner Cantley; 'McGEE CHECKED IN AS BANK RECEIVER' standardized).

Events (2)
1. August 6, 1928 Suspension
Cause
Government Action
Cause Details
Finance commissioner appointed a special deputy/receiver to take charge of the closed trust company; bank described as defunct/closed.
Newspaper Excerpt
Eugene L. local attorney ... late Saturday was named receiver for the closed Poplar Bluff Trust Company.
Source
newspapers
2. August 8, 1928 Receivership
Newspaper Excerpt
Eugene L. McGee ... recently appointed special deputy to liquidate the affairs of the defunct Poplar Bluff Trust Company, was checked in and assumed charge of the institution Tuesday, and its affairs were turned over to him by Bank Examiner Clyde Duncan, who has been in charge.
Source
newspapers

Newspaper Articles (5)
1. August 6, 1928 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, August 6, 1928

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Article Text

Eugene L. local attorney and representative in the Legislature from Butler county, late Saturday was named receiver for the closed Poplar Bluff Trust Company. The pointment made by L. Cantley was finance Today himself with the affairs of the bank and this morning was said would formally take over the institution late today. McGee said this morning that was not prepared, at this time, make any statement concerning the bank's affairs. He planning, how. make effort to collect every funds due the bank with as little lay possible.

2. August 8, 1928 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, August 8, 1928

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Article Text

McGEE CHECKED IN AS BANK RECEIVER Eugene L. McGee, recently appointed special deputy to liquidate the affairs of the defunct Poplar Bluff Trust Company, was checked in and assum. ed charge of the institution Tuesday, and its affairs were turned. over to him by Bank Examiner Clyde Duncan, who has been in charge. McGee stated today that he would make all speed possible in getting affairs of the bank adjusted. Ha Baker will act as his assistant.

3. August 9, 1928 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, August 9, 1928

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Article Text

McGEE CHECKED IN AS BANK RECEIVER Eugene 1, McGee, recently appointed special deputy to liquidate the affairs of the defunct Poplar Bluff Trust Company, was checked in and assumed charge of the institution Tuesday and its affairs were turned over to him by Bank Examiner Clyde Duncan. who has been in charge. McGee stated today that he would make all speed possible in getting affairs of the bank adjusted. Ila Baker will act as his assistant.

4. August 9, 1928 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, August 9, 1928

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Article Text

Eugene L. McGee, local attorney and in the Legislature from Butler county, Saturday was named for the closed Poplar Bluff Trust Company. The appointment made by Cantley, finance commissioner of Missouri, Today McGee familiarizing himself with the affairs of the bank, and this morning it was said he would formally take over the institution today. McGee said this morning that he was not prepared, at this time, to make concerning the bank's affairs. He is planning, however to make every effort to collect funds due the bank with as little delay possible.

5. August 9, 1928 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, August 9, 1928

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Article Text

NOTICE TO CREDITORS OF THE POPLAR BLUFF TRUST COM PANY, POPLAR BLUFF, MO. All claims against the Poplar Bluff Trust Company of Poplar Bluff, Missouri, are hereby notified to present the same to the undersigned and make proper proof thereof within four from the 10th day of August, 1028. Creditors appear in person or by representative at the banking room of said trust company in Poplar Bluff, Missouri, where blanks will be furnished and assistance given expense the claimant. The last date on which claims may be presented the 10th day of December, 1928. Claims cannot be finalallowed under the law until the expiration of four months, then a reasonable must be given for any objections be made against any claim It is impossible for the undersigned to make any adequate estimate of the value of the assets this EUGENE McGEE, Special Deputy Commissioner of Finance in charge of the affairs of the Poplar Bluff Trust Company