10858. Bank of Sturgeon (Sturgeon, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
state
Start Date
January 6, 1931
Location
Sturgeon, Missouri (39.234, -92.281)

Metadata

Model
gpt-5-mini
Short Digest
ba15e2ad

Response Measures

None

Description

Newspaper articles (Jan 6–7, 1931) report the Bank of Sturgeon had closed/suspended operations (called 'defunct' and 'closed yesterday afternoon') and depositors (~400) met to sign over deposits and organize reopening under local management. There is no explicit description of a depositor run prior to the suspension in the provided text; actions are to reopen the bank, so classified as suspension_reopening. Exact reason for the initial closure is not stated in the articles.

Events (3)
1. January 6, 1931 Other
Newspaper Excerpt
400 Attend Meeting to Seek Reopening at Sturgeon ... called for the purpose initiating toward opening the bank under local ... estimated the bank between 800 and 900 depositors. Should sufficient signatures depositors their deposits over the forestall possible run be the bank will be reopened under the management ... weeks required secure an expression from the maining
Source
newspapers
2. January 6, 1931 Suspension
Cause Details
Article does not state a clear cause for the closure/suspension; simply refers to the bank as 'defunct' and closed. Depositors organized to assign deposits to reopen the bank under local management.
Newspaper Excerpt
the Sturwhich closed yesterday afternoon ... the defunct Bank Sturgeon Sturgeon afternoon
Source
newspapers
3. January 7, 1931 Other
Newspaper Excerpt
About 400 persons, most them the Sturwhich closed yesterday afternoon ... the plan for assigntheir to the insuring and probability the bank within the next two ... Many the spoke ... The that large majority the depositors assign their deposits to the bank.
Source
newspapers

Newspaper Articles (2)
1. January 6, 1931 Columbia Missourian Columbia, MO
Article from Columbia Missourian, January 6, 1931

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Article Text

DEPOSITORS SIGN OVER BANK FUNDS 400 Attend Meeting to Seek Reopening at Sturgeon More than 400 were cured meeting depositors the defunct Bank Sturgeon Sturgeon afternoon called for the purpose initiating toward opening the bank under local estimated the bank between 800 and 900 depositors. Should sufficient signatures depositors their deposits over the forestall possible run be the bank will be reopened under the management Murgeon weeks required secure an expression from the maining Bolivia Elects New President LA Bolivia, Daniel unopposed polls, elected President Bolivia in the national elections Watch the Wind Today marks link Today timer's" weather cycle, ranking importance with "ground day" days signs. known Christmas Day America Twelfth Night Europe. Around day have omens are said numerous the weather for the next regulate One popular that weather on regulate the weather for the the month. Likewise the weather for March will correspond the be regulated by the and April weather the eighth. important to watch the way blows because the prevailing wind the month will corresthe direction that pond that will not blows direction for than hours

2. January 7, 1931 Columbia Daily Tribune Columbia, MO
Article from Columbia Daily Tribune, January 7, 1931

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Article Text

Bank Depositors Meet at Sturgeon Yesterday About 400 persons, most them the Sturwhich closed yesterday afternoon the high school the plan for assigntheir to the insuring and probability the bank within the next two Don Cater presided the meeting Many the spoke including Omar Gray Lightner Columbia. Sames Centralia and Sturgeon citizens The that large majority the depositors assign their deposits to the bank.