Exchange Bank - Savannah, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 6, 1927
Location: Savannah, Missouri (39.942, -94.830)

Metadata

Model: gpt-5-mini
Short Digest: 7990eca2

Response Measures

None

Description

Article (1927-05-06) describes the Exchange Bank of Savannah as defunct and under liquidation by the Deputy Finance Commissioner; building and fixtures sold at auction to the Andrew County Bank. No mention of a depositor run; this is an official liquidation/receivership leading to permanent closure.

Events (2)

1. May 6, 1927 Other

Newspaper Excerpt: sale of the Exchange Bank building and fixtures at auction; Andrew County Bank purchased building for $6,500 to aid in paying creditors.
Source: newspapers

2. May 6, 1927 Receivership

Newspaper Excerpt: Deputy Finance Commissioner Todd, in charge of the liquidation of the affairs ... the defunct Exchange Bank of Savannah, advertised ... sold at auction building fixtures of the defunct Exchange Bank of Savannah, ... were knocked down to the Andrew County Bank ... This sale ... will add the opportunity of paying full the creditors the Exchange Bank.
Source: newspapers

Newspaper Articles (1)

1. May 6, 1927 Savannah Reporter and Andrew County Democrat Savannah, MO

Article from Savannah Reporter and Andrew County Democrat, May 6, 1927

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Article Text

COUNTY BANK BUILDING AND Saturday Deputy Finance Commissioner Todd, of charge the liquidation the affairs the change Bank, sold at auction building fixtures of the defunct Exchange Bank of Savannah, vertised highest bidder These were "knocked the Andrew County Bank for $6,200, but the Andrew Bank County knew the value the property generously raised the Thus knowing that better over pay than under the Andrew Bank this sale $6,500 for the Exchange Bank building and fixtures and this will add the portunity of paying full the itors the Erchange Bank.