Willow Springs Bank - Willow Springs, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: May 10, 1895
Location: Willow Springs, Missouri (36.992, -91.970)

Metadata

Model: gpt-5-mini
Short Digest: 8c971ef6

Response Measures

None

Description

Article (May 10, 1895 report in Austin TX paper) states the Willow Springs bank was 'suspended' and its cashier E. B. Wells was arrested and bound over on charges of receiving deposits while the bank was unsafe. The article gives no explicit mention of reopening or a receiver being appointed; given the criminal charge and suspension, I classify this as suspension leading to closure (likely permanent), but the record does not explicitly state a receiver or formal liquidation.

Events (1)

1. May 10, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier charged with receiving deposits while bank was known to be unsafe—indicates internal malfeasance/mismanagement leading to suspension.
Newspaper Excerpt: E. B. Wells, cashier of the suspended Willow Springs bank, was brought here today ... He is charged with receiving deposits when he knew the bank was in an unsafe condition.
Source: newspapers

Newspaper Articles (1)

1. May 16, 1895 The Austin Weekly Statesman Austin, TX

Article from The Austin Weekly Statesman, May 16, 1895

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Article Text

West Plains, Mo., May 10.-E. B. Wells, cashier of the suspended Willow Springs bank, was brought here today and put under $15,000 bond to appear at the next term of circuit court. He is charged with receiving deposits when he knew the bank was in an unsafe condition.