Prairie Home Bank - Prairie Home, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: November 2, 1931
Location: Prairie Home, Missouri (38.813, -92.590)

Metadata

Model: gpt-5-mini
Short Digest: 89f7de0c

Response Measures

Full suspension

Description

Contemporary reports (Nov 2, 1931) state the Prairie Home Bank closed today and the state finance department ascribed the closing to heavy withdrawals. This indicates a depositor run followed by suspension/closure. A 1932 article references liquidation/receivers and moratoriums affecting the Prairie Home Bank, consistent with permanent closure.

Events (3)

1. November 2, 1931 Run

Cause Details: Large/ heavy withdrawals by depositors (article does not specify trigger or rumor).
Newspaper Excerpt: Heavy withdrawals were assigned reason for the closings
Source: newspapers

2. November 2, 1931 Suspension

Cause Details: State finance department notified of closing; reason given as heavy withdrawals.
Newspaper Excerpt: The Prairie Home Bank at Prairie Home, Cooper county, ... closed today, the state finance department notified.
Source: newspapers

3. August 26, 1932 Receivership

Newspaper Excerpt: Such moratorium would affect the liquidation of the Prairie Home Bank at Prairie Home and the Cooper Coun[ty] State Bank of Bunceton.
Source: newspapers

Newspaper Articles (4)

1. November 2, 1931 Joplin News-Herald Joplin, MO

Article from Joplin News-Herald, November 2, 1931

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Article Text

OF STATE BANKS IS ANNOUNCED Jefferson City, Nov. finance department tified today of the closing of four state banks. Heavy withdrawals assigned the reason all the closings. The four banks Owensville bank, Owensville, Gasconade county, deposits $298,257; surplus, $12,500; capital stock, $50,000; resources, $372,349; loans, and bills payable. Graves president and George W. Tappmeyer, cashier. Bank of Hardin, Hardin. Ray deposits, loans, resources, capital stock, surplus. bills Marvin Grimes president and Rhodes, cashier. Prairie Home Prairie Home, Cooper county, resources loans, $70,309; $12,000; deposits, and $3,000 surplus. Meredith president and Wilhite, cashier Bank Malta Bend, at Malta Bend Saline resources, loans, capital stock, surplus, $20,000; posits, and bills payable, Van Anglen dent and M. Van Anglen,

2. November 2, 1931 St. Joseph News-Press St. Joseph, MO

Article from St. Joseph News-Press, November 2, 1931

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Article Text

FOUR STATE BANKS CLOSE. Closings at Owensville, Hardin, Malta Bend, Prairie Home. JEFFERSON CITY Nov state finance department was notified today of the closing four banks. Heavy withdrawals were assigned reason for the closings by the state finance department feur banks are Owensv Owensville in Gasconade County: deposits, $298.257; surplus, $12,500 capital stock. and $10,000 E. E. Graves president and George W Tappmeyer cahseir Bank of Hardin at Hardin in Ray County: deposits, recources, capital stock, $10,000: bills payable, Grimes was and W. Rhodes, Prairie Home Bank at Prairie loans, bills payable and $3,000 Meredith was president and R. H. cashier Bank of Malta Bend at Malta Bend Saline $139.719 loans, $101 capital stock. de Van and M. H. Van Anglen

3. November 2, 1931 The Sedalia Democrat Sedalia, MO

Article from The Sedalia Democrat, November 2, 1931

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Article Text

BANK AT PRAIRIE HOME WAC CLOSED TODAY By The Associated Press. JEFFERSON CITY, Nov. The Prairie Home Bank at Prairie Home, Cooper county, with sources of $82,623 and deposits of $52,393 closed today, the state finance department notified. was Meredith was president and H. Wilhite cashier.

4. August 26, 1932 The Boonville Daily News Boonville, MO

Article from The Boonville Daily News, August 26, 1932

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Article Text

To Continue Flight. Port Menier, Anticosti, Island. George Hutchinson and his flying family were to take off today in their hugh Sikorsamphibian plane today the third lap their leisurely flight. Their next will be Hopedale, Labrador. Head of Home Loan Bank Board Gets Treasury Aid. RECEIVERS ARE TO CO-OPERATE Requests Similar Action From State Finance Commissioners. Washington. Chairman Franklin Fort of the Home Loan Bank Board told the United Press Friday the administration was seeking 60-day moratorium on foreclosure all mortgages in the United States. Fort said the program included commerplants well as private homes, and that co-operation of financial institutions well as those in hands of as receivers would be sought. Chairman Washington, of the Home Loan Bank Board Fort announced today that treasury had agreed to order national cials bank receivers to suspend mortgage foreclosure for 60 days. He said the board today was telegraphing every state supervising authority requesting similar state bank receivers. He seekby general agreement to suspend ing foreclosures. Carlon, receiver of the BoonNational Bank, told the Daily News today that he had received no from the treasury department advising him of the tion taken at the behest of ChairFort. Harrison, state commissioner Finance of Jefferson City, sumably will receive the request regards state bank receivers. Such moratorium would affect the liquidation of the Prairie Home Bank at Prairie Home and the Cooper CounState Bank of Bunceton. The move, it is understood, is measure give the Home Loan Bank Board time get to functioneffectively, enough so to homes and commercial plants which in sixty days might be taken over in bank liquidation. The methor of working out the plan and any other details are not available the public.