Bank of Smithville - Smithville, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 14, 1931
Location: Smithville, Missouri (39.387, -94.581)

Metadata

Model: gpt-5-mini
Short Digest: 3d50e423

Response Measures

None

Description

Article (Jefferson City dateline Jan 14, 1931) reports the Bank of Smithville was closed by its board because it was 'out of money.' No mention of depositor run or reopening or receiver assignment; treated as suspension that led to closure. Bank type not specified in text.

Events (1)

1. January 14, 1931 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Board closed the bank because the institution was 'out of money'—indicates insolvency/bank-specific failure.
Newspaper Excerpt: Bank of Smithville, near Kansas City, was closed today by its board of directors. Bank officials said the institution was out of money.
Source: newspapers

Newspaper Articles (1)

1. January 15, 1931 Okmulgee Daily Times Okmulgee, OK

Article from Okmulgee Daily Times, January 15, 1931

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Article Text

TREND of A day-by-day account, not of Forecasts, But of Facts About Today's Business. The first shipment of pipe for the $750,000 pipeline installation of the Great Lakes Pipeline company, in Okmulgee, left Tulsa Monday it was announced here last night. The pipe is expected to arrive today or tomorrow, but may be delayed until Jan. 18. Twenty-five additional men will be employed when the pipe arrives, bringing the total number on the company's payroll here to 67 men, S. Merliss, employment agent for th- contracting firm said. PITTSBURGH, Pa., Jan. 14. Steel company's plant at Monessen, Pa., Jan. 15, giving work to 150 men. The blast furnace has been idle since II JEFFERSON CITY, Mo., Jan. 14. Bank of Smithville, near Kansas City, was closea today its board of directors. Bank officials said the institution "was out of money."