Farmers Bank - Spruce, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 23, 1932
Location: Spruce, Missouri (38.266, -94.133)

Metadata

Model: gpt-5-mini
Short Digest: 71ae7079

Response Measures

None

Description

Article (Carthage Evening Press, 1932-07-23) reports the board of directors closed Farmers Bank of Spruce and turned it over to the state finance department. No run or prior withdrawals are mentioned. The transfer to the state finance department is treated as government action/receivership leading to permanent closure.

Events (2)

1. July 23, 1932 Receivership

Newspaper Excerpt: turned over to the state finance department.
Source: newspapers

2. July 23, 1932 Suspension

Cause: Government Action
Cause Details: Board of directors closed the bank and turned it over to the state finance department; no reason given.
Newspaper Excerpt: Farmers bank of Spruce, in Bates county, was closed today by its board of directors and turned over to the state finance department.
Source: newspapers

Newspaper Articles (1)

1. July 23, 1932 Carthage Evening Press Carthage, MO

Article from Carthage Evening Press, July 23, 1932

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Article Text

A BATES COUNTY BANK IS CLOSED (By The Associated Press) Jefferson City, July Farmers bank of Spruce, in Bates county, was closed today by its board of directors and turned over to the state finance department. No reason for the closing was given. Three British Citizens Slain Associated Press) Washington, July Col. Calvin B., Matthews, commanding the Nicaraguan national guard, yesterday reported to the navy that eight persons were killed Sunday by bandits who looted two stores in eastern Nicaragua. None of the dead was American, but three were thought to be British and the other five Nicaraguans.