Citizens State Bank - Puxico, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 3, 1930
Location: Puxico, Missouri (36.950, -90.158)

Metadata

Model: gpt-5-mini
Short Digest: 5cc73183

Response Measures

None

Description

Bank was closed by its board of directors in early December 1930 and state officials took charge; subsequent reporting cites arrests of cashier and assistant cashier on embezzlement charges and a state official appointed to take charge of affairs. No article describes a depositor run or reopening; closure appears permanent with receivership/official control.

Events (3)

1. December 3, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Closed by board of directors; later reporting links closure to suspected shortages/embezzlement by bank officers.
Newspaper Excerpt: The Citizens' State Bank at Puxico, Stoddard County, with $94,497 resources, closed yesterday by its board of directors.
Source: newspapers

2. December 13, 1930 Other

Newspaper Excerpt: arrest of Cookson, cashier, and Lynn Varble, assistant cashier of the closed Citizens State Bank at Puxico, Mo., ... They are charged with embezziement bank funds and making improper entries in records. ... The Citizens State Bank closed about 10 days ago. Bank Examiner E. Estes ... gave me preliminary report which indicated shortage in accounts
Source: newspapers

3. December 25, 1930 Other

Newspaper Excerpt: has been appointed by French, finance commissioner, take charge of affairs of the Citizens State Bank Puxico.
Source: newspapers

Newspaper Articles (3)

1. December 4, 1930 St. Louis Post-Dispatch St. Louis, MO

Article from St. Louis Post-Dispatch, December 4, 1930

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Article Text

BANK AT WHITESIDE MO, IS CLOSED BY ITS DIRECTORS No Reason for Action Given; Examiner Takes Charge; $44,642 Deposits. By the Associated JEFFERSON CITY, Mo., Dec. 4. The Whiteside Bank at Whiteside in Lincoln County, was closed today by its board of directors and placed in the hands of the State Finance Department. No reason for the closing given. The bank had $44,642 deposits. G. U. Freund, State bank examiner, has charge. The Citizens' State Bank at Puxico, Stoddard County, with $94.497 resources, closed yesterday by its board of directors. No reason for closing given. According to the bank's last statement, had $55,712 deposits, $25,000 capital stock and $2000 surplus. Public funds on deposit amounted to $9235. J. P. Varble was president and C. B. Cookson cashier. By Associated Press BETHANY, Mo., Dec. 4. The First National Bank of Ridgeway, Mo., failed to open yesterday. Officers admitted there had been heavy withdrawals in recent months. The bank's last statement, Sept. 24. showed total resources of $176,336.90.

2. December 13, 1930 The Courier News Blytheville, AR

Article from The Courier News, December 13, 1930

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Article Text

Charge Missouri Bank Officers With DEXTER. arrest of Cookson, cashier. and Lynn Varble, assistant cashier of the closed Citizens State Bank at Puxico, Mo., Stoddard county. were issued late yesterday by Prosecuting Attorney Powell They are charged with embezziement bank funds and making improper entries in records. "Bank Examiner E. Estes," Powell sald. "gave me preliminary report which indicated shortage in accounts but the ancount is not definite. It will prob. ably exceed The Citizens State Bank closed about 10 days ago.

3. December 25, 1930 Poplar Bluff Republican Poplar Bluff, MO

Article from Poplar Bluff Republican, December 25, 1930

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Article Text

BANK resident of Puxico, has been appointed by French, finance commissioner, take charge of affairs of the Citizens State Bank Puxico. Graders Win. The Wheatley school grade team, defeated the Wheatley high school girls last night to Mabel Beatrice Hunter Elizabeth played an exceptional for game grade team. the same offense several times previously. Knapp, Kansas City, convicted of practicing optometry withregistration. Case reversed and defendant discharged opinion by Commissioner Cooley, because exempted from provision of 1921 act regulating tometrists. Given Life. Vincent St. Moncado, Louis, sentenced to life imprisonment for degree murder. Case reversed remanded for trial opinion by Davis. Moncado charged with shooting Vincenzo Vitale Vitale's home November, 1927. The jury agreed guilt, but not punishment, and the fixed the sentence life imprisonment. The case was reversed because errors the instructions the self defense. Blanchard, Robert Gooding Crabtree and Floyd Brown, Kansas City, to months for operating gaming devices. Affirmed. Opinion Judge White. The men attacked the indictment alleging failed out charge, but Judge White brushed aside this nicality.