Citizens National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1971
Charter Number: 1971
Start Date: *
Location: Sedalia, Missouri (38.704, -93.228)

Metadata

Model: gpt-5-mini
Short Digest: 432ebdb3

Response Measures

None

Receivership Details

Depositor recovery rate: 48.3%
Date receivership started: 1931-11-06
Date receivership terminated: 1937-09-13
Share of assets assessed as good: 34.1%
Share of assets assessed as doubtful: 44.2%
Share of assets assessed as worthless: 21.7%

Description

Article (1932-01-29) states Col. Powell, president of the Citizens National Bank which since has closed. The piece mentions the president's suicide and that the bank has closed, but provides no description of a run or of suspension procedures or government action. OCR errors in the excerpt were corrected (e.g., fragmented sentences). Classification: suspension leading to permanent closure (no run described).

Events (3)

1. April 24, 1872 Chartered

Source: historical_nic

2. November 6, 1931 Receivership

Source: historical_nic

3. * Suspension

Cause Details: Article notes the bank has closed after mentioning the president's suicide, but gives no clear cause (no reported run or government action).
Newspaper Excerpt: Col. Powell, president of the Citizens National Bank which since has closed. shot himself through the head.
Source: newspapers

Newspaper Articles (1)

1. January 29, 1932 Kirksville Daily Express and Kirksville Daily News Kirksville, MO

Article from Kirksville Daily Express and Kirksville Daily News, January 29, 1932

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Article Text

Suicide Second in BankCircles There Months Sedalia, Mo. Officof the Sedalia Trust Company check any possible run the bank after the suicide Charles Evans, veteran banker of Sedalia, committed suicide his home shortly after he had the bank The bank today placed drawing limit of $10 all accounts received prior to the close of business yesterday Accounts received today and hereafter may fully drawn upon. Directors meeting last night, issued statement which they said that bank in sound condition and would open as usual They also elected John McGrath. director, to Evans place temporarily The shot himself through the head dying about several hours after the shooting He note the mantel piece his home in which he expressed fear of approaching insanity think am losing my the Evans was Friends said he had in health for some years that he deeply grieved over the death of his few years ago Evans well known in banking throughout the state He born in Otterville, Cooper county, Completing his education in Missouri he ployed the Railroad its offices. and later transferred the general offices Louis bookkeeper Subsequently he joined the Missouri Pacific and finally returned to the 1893 he became assistant treasurof the Missouri Trust Company, and remained in the employ of that pany for eight years. When the Missouri Trust moved to St. Louis in Evans joined with his the late and several other men to form the Sedalia Trust Company. Crandall became the first president the and Evans was first post he held until his death. Crandall died within month after he had been elected On November 1921. Col. Powell. president of the Citizens National Bank which since has closed. shot himself through the head.