10549. Bank of Puxico (Puxico, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1924*
Location
Puxico, Missouri (36.950, -90.158)

Metadata

Model
gpt-5-mini
Short Digest
8b8093f2

Response Measures

None

Description

Articles indicate the Bank of Puxico had previously closed/suspended (described as defunct and a bad failure) and a special deputy was placed in charge of affairs. No explicit run is described. Dates: contemporary reporting (Feb 5, 1925) says the bank had closed 'more than a year ago'; another article references a failure on Dec. 24 (OCR shows 1928 but that conflicts with timing — likely 1924). I avoid asserting a precise suspension date; suspension/closure is certain and a receiver/deputy was appointed.

Events (3)
1. December 1, 1924* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Article describes the bank as having 'made bad failure' (insolvency/financial failure) leading to suspension/closure.
Newspaper Excerpt
It will be remembered that the Bank of Puxico made bad failure on the 24th of December...
Source
newspapers
2. February 5, 1925 Other
Newspaper Excerpt
Poplar Kinder special deputy bank in charge affairs of defunct Bank of Puxico. stated that only one per be made to depositors of that Institution, which at the time closed more than year ago, had deposits in excess of $100,000
Source
newspapers
3. February 5, 1925 Receivership
Newspaper Excerpt
special deputy bank in charge affairs of defunct Bank of Puxico
Source
newspapers

Newspaper Articles (2)
1. February 5, 1925 Cassville Republican Cassville, MO
Article from Cassville Republican, February 5, 1925

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Article Text

COMPENSATION WORKMEN'S MEASURE DUCED STATE HOUSE AND SENATE NOT TO APPLY TO LABOR ON FARMS Allow sabled Workers Pay Not Exceed $20 Weekly Sponsored Senator to farm commission sion circuit courts der the of Nineteen the Senute In House. day. the total number offered the House being 188 Missouri's twentieth annual Farmers ended banquet given by the Missouri College of Agriculture honor of the farmers members of Missouri General Columbia heard Governor Sam Baker The almost his time of based upon every citizen doing his part make community. his state country better live Once he mentioned the shortage of funds available for the of the than year the next biennial that more money and be obtained by foreing persons had concealed their property from tax assessors in the were not doing their part support the pay their taxes that everyone in the state knew that the laws not being enforced. and that forcement was impossible unless dividual citizens came the aid county and state officials Jefferson suggestion Judge of the of the circuit court Louis, At Otto the future supply proper form for instruction in the trial of major criminal cases when may his letter to the AttorneyGeneral. Judge Frey said that. recently transferred from criminal court. interested the forms that had had the time opportunity touch rulings the several Prison Board the circuit Bank charged appointed cial deputy finance liquidate closed tropolls Bank of Nellie Galbraith odl. died the home her parents. southeast of here. severe burns suffered her dress brushed against red hot Wood. northwest Columbia. the money the order drawer was taken but drawer Judge W. Bas. ing shoulder and His makes his recovery doubtful Poplar Kinder special deputy bank in charge affairs of defunet Bank of Puxico. stated that only one per be made to depositors of that Institution. which at the time closed. more than year ago, had deposits in excess of $100,000 Musselman ranch of almost acres. In Counhas been by Perry Kansas City, Charles Dacy of Joplin their associates, for approximately $25,000. and will be converted into resort.

2. April 29, 1925 Daily American Republic Poplar Bluff, MO
Article from Daily American Republic, April 29, 1925

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Article Text

JURY'S VERDIC IN $5,000 SUIT Fact Effort Had Been Made To Draw Funds from Failing Bank Scores Victory for the Defendant A circuit court jury at 2:20 o'clock this afternoon a verdict fail voring the Bank of Poplar Bluff in the $5,000 sult instituted against a by Mrs. Ethel Reichert, local worn an, who moved here something over" Puxico. The verdict favored the defendant to 3. the statutes permitting such The deliberation of the jury was but fifteen minutes. The "point on which the verdict was given seemed to be that Matt admitted on the witness stand that the had twice thade an effort to get the money for his wife at the bank but had (ailed to do so for obvious transation thirt attempted to make the Bank of Poplar Bluff the agency through which the money could be secured and transferred. Mrs. Richert owned five thousand dollar time certificates of deposit issued by the Bank of Puxico that she had owned for several years. It will be remembered that the Bank of Puxico made bad failure on the 24th of December, 1928. Thirteen days before the bank suspended (Continued on Page Four.)