10895. Citizens Bank (Wentzville, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1930*
Location
Wentzville, Missouri (38.811, -90.853)

Metadata

Model
gpt-5-mini
Short Digest
901df071

Response Measures

None

Description

Board of directors closed the bank temporarily in mid-December 1930 citing dwindling deposits from unfavorable farm conditions; by Jan 1, 1931 a Deputy State Finance Commissioner was appointed to liquidate the bank, indicating permanent closure/receivership. No article describes a depositor run; cause of suspension is local agricultural weakness (local_shock).

Events (2)

1. December 1, 1930* Suspension
Cause
Local Shock
Cause Details
Directors cited unfavorable farm conditions and dwindling deposits leading them to close the bank temporarily; closure ordered by the board.
Newspaper Excerpt
the directors of the Citizens Bank of that place decided to close the bank temporarily until the State Finance Commissioner can make an investigation.
Source
newspapers
2. January 1, 1931 Receivership
Newspaper Excerpt
W. Bloebaum this morning received the appointment of Deputy State Finance Commissioner and was put in charge of the liquidation of the Citizens Bank of Wentzville.
Source
newspapers

Newspaper Articles (4)

Article from St. Charles Weekly Cosmos-Monitor, December 17, 1930

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Article Text

CITIZENS BANK AT WENTZVILLE Farm Loans and Unfavorable Farm Conditions-Every Dollar Will Be Made Good. (From Thursday's Daily) After a meeting of the Board of Directors held in Wentzville Thursday afternoon the directors of the Citizens Bank of that place decided to close the bank temporarily until the State Finance Commissioner can make an investigation. John C Brown is president of the bank and John Brueggeman is the cashier. We understand there are plenty of assets to pay off every dollar the bank owes and nobody is going to lose any money. We also understand that the unfavorable conditions of farming caused/deposits to dwindle. All loans made by the bank have ample security and will be paid. The bank was closed by orders of the Board of Directors. Mr. and Mrs. Walter Diedrich and four children of Matson enroute to St. Louis. stopped here for a few bours today and transacted business.


Article from St. Charles Weekly Banner-News, January 1, 1931

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Article Text

BLOEBAUM APPOINTED LIQUIDATE From Wednesday's DailyW. Bloebaum this morning ceived the appointment of Deputy State Finance Commissioner and was put in charge of the liquidation of the Citizens Bank of Wentzville.


Article from Warrenton Banner, January 9, 1931

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Article Text

County Claude Keele 31, formerly of Montgomery City, was killed cember at the brick plant Mexico, where he was employed, when his clothing was caught the of giant dry pan, used cogs for crushing clay. He leaves his wife, son, his mother, brother and two sisters. When attempting to cross the Wabash tracks at New Florence Monday evening of last week, Murray Rickhoff killed the engine of his just train No. came in sight. He jumped from the car the train hit and broken rib and general shakeup. The was carried about three blocks and completely demolished. Krueger of High underwent serious operation at John's Hospital, St. Louis, Decem19. She getting along well. Mrs. Bosley of Montgomery City suffered scalp wound, her Thomas, broken and her little daughter, Virginia, wounds about the head, when their automobile, parked beside the gravel road between Montgomery City and Wellsville, struck by another driven by negroes. Theo. Struttman and family family have moved to Jefferson City make their home. Bonnel's shop Liege fire on New Year's was destroyed Day. Deaths: Francis Marion Cochran, 68, of Miss Margaret of Montgomery City: Mrs. Miss Hobbs, 53, Theresa 58 High Mrs. Sarah Reighley, 80, Wellsville. Married: Roy and Fran Parker, both of Oscar Kleinsorge of and Miss Elizabeth French of Middletown: John Ross and Miss Ruth Harrison both of near Shamrock. St. Charles County The Central Trust Company of Charles closed Monday by Board of Directors on account of The bank had slow steady run. capital stock of $100,000. deposits and loans of $838,267. Dr. Wentker president and secretary of the company. Dr. Wentker will depositors not lose dollar. Frank Cullom's store in St. les was broken into one last week, and $500 worth was stolen. Bloebaum was appointed Deputy Finance Commissioner and placed charge of the liquidation the Citizens Bank at Wentzville. Caleb Conley Dula, chairman of the board of directors of the Liggett Myers Tobacco Company, died December 25 at his home New York City at the of 66 years. Born in North Carolina, Mr. Dula came to Missouri young man and with his brother opened bacco factory at Wentzville. the of he was made manager of in St. Charles and his rise factory to prominence was rapid. At the of he married Miss Julia Womack Wentzville. They had no children, but Mr. Dula helped number of men and women young through college and was deeply terested in education. His estate estimated to be worth more than Married: Lloyd Hanne of Weldon and Miss Martha Hayes of Springs Charles. Deaths: Sister Annunciata of St. Institute, O'Fallon; Mrs. Mary's Amelia Huncker, Marion Needham, Mrs. Jenkins, Otto Pundmann, all of St. Charles: Robt. Moseley, 76, Louis, formerly of Wentzville. Franklin County Henry Diestelhorst of Washington sailed the Bremen January for Buende, Westphalia, Germany, visit father. The Missouri Pacific depot New Haven was burglarized Christmas night, and $22.50, belonging to the Western Union Telegraph Co., was taken. Mr. and Mrs. James Hale of New observed their anniversary December wedding There now more sandbars the Missouri River around WashSouth Point, the ington says Washington Citizen, than there have ever been. The river very and many bars made their during the last appearance weeks. The new patches of sand from inches foot only the water. There is at the above present time only narrow chute which the opposite shore through of the river can be reached from this side and this chute being used the ferry boat. No changes by the river will occur until there in raise of several feet; however, no can come until the marked changes stream reaches stage of ten or feet above the present stage. more The dikes will then become new effective in diverting the Should week of very the stream. cold weather set the river at its would block with present stage short time. very Leo Schuerkamp of Married: Fork and Miss Ella Pigeon dar Gerald. Rohlfing, of WashDeaths: Mrs. Helen Bentmann of ington; Louis, formerly Bernhardt, of Gerald; Charles


Article from Warrenton Banner, January 9, 1931

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Article Text

County Claude formerly Montgomery City, was killed December 26 at the brick plant Mexico, where he was employed, when his clothing was caught giant dry pan, used for crushing clay. He leaves his wife, son, his mother, one brother and two sisters. When attempting to cross the Wabash tracks at New Florence Monday evening of last week, Murray Rickhoff killed the engine of his car just as train No. 12 came in sight. He jumped from the car the train hit and sustained broken rib and general shakeup. The car was carried about three blocks and was completely demolished. Mrs. Krueger of High Hill underwent serious operation at John's Hospital, St. Louis, Decem19. She is getting along well. Mrs. Bosley of Montgomery City suffered scalp wound, her Thomas, broken leg and her little daughter, Virginia, wounds about the head, when their automobile, parked beside the gravel road between Montgomery City and Wellsville, struck by another driven by negroes. Theo. Struttman and family family have mfoved to Jefferson City to make their home. Bonnel's shop at Liege was by fire on New Day. Deaths: Francis Marion of Gamma; Miss Margaret of Montgomery City; Mrs. Hobbs, 53, of Middletown: Miss Theresa Habermann, of High Hill; Mrs. Sarah Reighley, 80, Wellsville. Married: Roy Belts and Mrs. FranParker, Oscar Kleinsorge of Wellsville and Miss Elizabeth French of Middletown; John Ross and Miss Ruth Harrison both of near Shamrock. St. Charles County The Central Trust Company of Charles was closed Monday by its Board of Directors on account of slow The bank had steady run. capital stock of $100,000, deposits and loans of $838,267. Dr. Wentker is president and Willbrand secretary of the company. Wentker depositors will Dr. says lose dollar. Frank Cullom's store in St. Charles broken into early one last week, and $500 worth ing was stolen. Bloebaum was appointed Finance Commissioner and Deputy placed in charge of the liquidation of the Citizens Bank at Wentzville. Caleb Conley Dula, the board of directors of the Liggett Myers Tobacco Company, died December 25 at his home New York at the of 66 years. City age Born in North Carolina, Mr. Dula came to Missouri as young man and with brother opened to Wentzville. At the bacco factory at of he was made manager St. Charles and his rise factory in rapid. At the to was of married Miss Julia age Womack They had no children, but Mr. Dula helped number of men and women young through college and was deeply terested in education. His estate estimated to be worth more than Hanne of Weldon Married: Lloyd Springs and Miss Martha Hayes St. Charles. Sister Annunciata of Deaths: Institute, O'Fallon; Mrs. Mary's Huncker, 91, Marion Amelia Needham, Jenkins, 46, all of St. Otto Pundmann, Charles: Robt. Moseley, of Louis, formerly of Wentzville. Franklin County Diestelhorst of Washington Henry sailed the Bremen January for Buende, Westphalia, Germany, visit his father. Pacific depot at New The Missouri burglarized Christmas Haven was $22.50, belonging to the night, and Western Union Telegraph Co., taken. James Hale of New Mr. and Mrs. Haven observed their December wedding anniversary There now more sandbars are River around Washthe Missouri South Point, the ington and says Citizen, than there Washington been. The river is have ever bars made their and many new during the last two appearance The patches of sand weeks. new from few inches to foot There is the above the water. time narrow chute present only which the opposite shore through of the river can be reached from side and this chute is being this the ferry boat. No changes used by will occur until there in the river of several feet; however, no raise come until the marked changes can stream reaches stage of ten feet above present stage. more dikes will then become The new effective in diverting the course Should week of very the stream. weather set the river at its cold would block with present stage short time. very Leo Schuerkamp of Married: Fork and Miss Ella Pigeon dar Gerald. Deaths: Leo Rohlfing, of Mrs. Helen Bentmann of ington; Louis, formerly Charles Bernhardt, of Gerald; New Haven. Lincoln County From Thanksgiving to Christmas Kuhne Bros. Produce Co. in Troy between and 8,000 dressed Part of these were shipped East, part to Swift Company., and large number were sold at the plant Troy and the Kuhne store Louis. The geese were bought alive and fed at the Troy plant hominy alone which was made buying shelled corn by the car load and steaming Only one or two geese were lost during the whole season. and Mrs. John M. Crenshaw Winfield celebrated their golden wedding December Judge Wm. Hughes of gomery City holding circuit court Troy this week for Judge Woolfolk, who His condition reported improving. Miss Emmeline Wells has been e-appointed deputy county clerk Matthews. Married: Earl Raney and Miss Ruby both of Troy; Walker and Miss Mary Hutt, both Harold Hunn and Miss lian Smith, both of near Troy. Deaths: Ishmael Ray, 66, berry; Wiley Davis, of Hannibal, formerly of Lincoln county; Howard Suddarth, 18, of Els Albertis Dameron; Dr. Solomon McKay, of Gasconade County Dietzel erecting modern building adjoining the Nasse in Hermann. HenKimmel is erecting larger and modern building to join his store building in place of small building that he has torn down. Married: Emil Meyer and Ruby Loeb, both of Rosebud. Deaths: Charles Sell, of Hermann; Mrs. Edmund Nolte, 72, of Morrison: Walter Stork of St. Louis, formerly of Hermann.