Farmers Bank - Westboro, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: August 3, 1934
Location: Westboro, Missouri (40.535, -95.319)

Metadata

Model: gpt-5-mini
Short Digest: 0feb6fea

Response Measures

None

Description

Article (Aug 3, 1934) states the Farmers Bank of Westboro is a closed bank undergoing liquidation with a named liquidator (Frank H. Hopkins) paying dividends to depositors. No run is mentioned. The bank is being liquidated (permanent closure), so classified as a suspension leading to closure. No explicit date of suspension/closure provided beyond the article date.

Events (1)

1. August 3, 1934 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank is closed and in liquidation under a liquidator (Frank H. Hopkins) with dividends being paid to depositors.
Newspaper Excerpt: Another dividend, amounting to 30%, is to be paid to depositors of the closed Farmers Bank of Westboro, it is announced by Frank H. Hopkins, liquidator.
Source: newspapers

Newspaper Articles (1)

1. August 3, 1934 The Tarkio Avalanche Tarkio, MO

Article from The Tarkio Avalanche, August 3, 1934

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Article Text

BANK PAYS 30% DIVIDEND Another dividend, amounting to 30%, is to be paid to depositors of the closed Farmers Bank of Westboro, it is announced by Frank H. Hopkins, liquidator. Checks will be mailed to depositors the latter part of this week, Mr. Hopkins states. The current dividend of 30% brings the total payments to depositors to 70% to date, and the affairs of the instiution have not been closed as yet. Mr. Hopkins states that a further dividend will probably be paid, although any definite announcement is, of course, not possible at this time. Repayment of the major part of deposits of the bank, through liquidation proceedings during period of economic distress, is a tribute to the work of the liquidator and matter of much satisfaction to depositors.