Peoples Bank - Rich Hill, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 21, 1932
Location: Rich Hill, Missouri (38.096, -94.361)

Metadata

Model: gpt-5-mini
Short Digest: 9f0bd11f

Response Measures

None

Description

Article (Adrian Journal, 1932-01-21) reports that Peoples Bank (one of two Rich Hill banks) closed and that a liquidating agent (Gus Keinberger) was put in charge. The piece does not describe a depositor run or give a precise closure date; liquidation implies permanent closure/receivership. Cause of closure not specified in the text, so set cause to 'other'.

Events (2)

1. January 21, 1932 Receivership

Newspaper Excerpt: Gus Keinberger ... was checked in last night the liquidating agent of the Adrian BankCompany and of the Bank and Peoples Bank, the two Rich Hill banks that closed ... He was the original liquidator of the two Rich Hill banks and was supplanted by Mr. Leimbrock ... Now he called in to take charge of the three banks which will news to depositors of the closed banks Keinberger ... competent.
Source: newspapers

2. January 21, 1932 Suspension

Cause Details: Article only states the banks closed and a liquidating agent was appointed; no cause (run, correspondent failure, government action, or local shock) is given in the text.
Newspaper Excerpt: the two Rich Hill banks that closed about the same time as the Adrian bank
Source: newspapers

Newspaper Articles (1)

1. January 21, 1932 Adrian Journal Adrian, MO

Article from Adrian Journal, January 21, 1932

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Article Text

NEW BANK Gus Keinberger, formerly successful banker in Rich Hill, bewas checked in last night the liquidating agent of the Adrian BankCompany and of the Bank and Peoples Bank, the two Rich Hill banks that closed about the same time as the Adrian bank. Mr. Keinberger for years was banker in Rich Hill and sucessful one. He was the original liquidator of the two Rich Hill banks and was supplanted by Mr. Leimbrock when group of closed banks was made. Now he called in to take charge of the three banks which will news to depositors of the closed banks Keinberger thoroughfamiliar with Bates county ditions and thoroughly competent.