Whiteside Bank - Whiteside, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 4, 1930
Location: Whiteside, Missouri (39.185, -91.017)

Metadata

Model: gpt-5-mini
Short Digest: 079a5de8

Response Measures

None

Description

Directors closed the bank and turned it over to the State Finance Department; examiner put in charge. No run mentioned and no reopening described; appears to be permanent closure/receivership by state authorities. OCR corrected minor punctuation; no other details available.

Events (1)

1. December 4, 1930 Suspension

Cause: Government Action
Cause Details: Board of directors closed the bank and placed it in the hands of the State Finance Department; state bank examiner took charge.
Newspaper Excerpt: The Whiteside Bank at Whiteside in Lincoln County, was closed today by its board of directors and placed in the hands of the State Finance Department.
Source: newspapers

Newspaper Articles (1)

1. December 4, 1930 St. Louis Post-Dispatch St. Louis, MO

Article from St. Louis Post-Dispatch, December 4, 1930

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Article Text

BANK AT WHITESIDE MO, IS CLOSED BY ITS DIRECTORS No Reason for Action Given; Examiner Takes Charge; $44,642 Deposits. By the Associated JEFFERSON CITY, Mo., Dec. 4. The Whiteside Bank at Whiteside in Lincoln County, was closed today by its board of directors and placed in the hands of the State Finance Department. No reason for the closing given. The bank had $44,642 deposits. G. U. Freund, State bank examiner, has charge. The Citizens' State Bank at Puxico, Stoddard County, with $94.497 resources, closed yesterday by its board of directors. No reason for closing given. According to the bank's last statement, had $55,712 deposits, $25,000 capital stock and $2000 surplus. Public funds on deposit amounted to $9235. J. P. Varble was president and C. B. Cookson cashier. By Associated Press BETHANY, Mo., Dec. 4. The First National Bank of Ridgeway, Mo., failed to open yesterday. Officers admitted there had been heavy withdrawals in recent months. The bank's last statement, Sept. 24. showed total resources of $176,336.90.