First National Bank (Versailles, MO)

Episode Information

Episode Type
Suspension โ†’ Closure
Start Date
October 16, 1931
Location
Versailles, Missouri (38.431, -92.841)
Bank Type
national
Charter Number
13367

Metadata

Receivership Details

Depositor recovery rate
44.8%
Date receivership started
1931-10-16
Date receivership terminated
1937-09-30
Share of assets assessed as good
22.2%
Share of assets assessed as doubtful
61.9%
Share of assets assessed as worthless
15.8%

Notes

Articles state the bank 'closed October 15, 1931' while the provided receivership date is 1931-10-16; dates are effectively consistent.

Events (5)

1. August 15, 1929 Chartered
Source
historical_nic
2. October 16, 1931 Receivership
Newspaper Excerpt
closed October 15, 1931.
Source
newspapers
3. October 16, 1931 Receivership
Source
historical_nic
4. November 25, 1934 Other
Newspaper Excerpt
Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles
Source
newspapers
5. February 16, 1935 Other
Newspaper Excerpt
O. E. Simy, receiver in charge of the First National Bank of Versailles, today announced payment of a 10 per cent dividend
Source
newspapers

Newspaper Articles (5)

Article Text

JUDGMENT FOR BANK RECEIVER

Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday.

In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000.


Article Text

Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday.

In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000.

Mrs. Fluke's husband, George F. Fluke, who died some time ago, had held $10,000 stock in the bank. He left his bank stock to his widow and two children, who shared it equally.

Stockholders were assessed 10 percent to pay any debts.

Judge Otis ruled that Mrs. Fluke could be held accountable for the 10 percent assessment on only the $3,333.33 stock she held and was not liable for assessment on the $6,666.67 stock left her children. The bank sought the full $1,000 assessment from her.


Article Text

JUDGMENT FOR BANK RECEIVER

Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday.

In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000.

Mrs. Fluke's husband, George F. Fluke, who died some time ago, had held $10,000 stock in the bank. He left his bank stock to his widow and two children, who shared it equally.

Stockholders were assessed 10 percent to pay any debts.

Judge Otis ruled that Mrs. Fluke could be held accountable for the 10 percent assessment on only the $3,333.33 stock she held and was not liable for assessment on the $6,666.67 stock left her children. The bank sought the full $1,000 assessment from her.


Article Text

DIVIDEND FROM VERSAILLES BANK

By The Associated Press. VERSAILLES, Mo., Feb. 16โ€”O. E. Simy, receiver in charge of the First National Bank of Versailles, today announced payment of a 10 per cent dividend, amounting to $21,712.19, to depositors.

The dividend is the third announced since the bank closed October 15, 1931. Payments of 12ยฝ per cent and 20 per cent were made previously.

DR. C. B. TRADER APPOINTED AS COUNTY HEALTH OFFICER

The county court has made two additional appointments. Dr. C. B. Trader was appointed county health and quarantine officer, succeeding Dr. Mitchell whose second three year term has expired.

Mrs. Grace Hays, of the Longwood neighborhood, was appointed matron of the rest room, succeeding Mrs. O. E. Leslie.

Dr. Gouge was also happy to learn that the fodder mill will probably be operated until next August, and arrangements were made to secure enough meat to keep the federal cannery operating for about three months.

MORE APPOINTED BY COUNTY COURT


Article Text

By The Associated Press.

VERSAILLES, Mo., Feb. 16โ€”O. E. Simy, receiver in charge of the First National Bank of Versailles, today announced payment of a 10 per cent dividend, amounting to $21,712.19, to depositors.

The dividend is the third announced since the bank closed October 15, 1931. Payments of 12 1/2 per cent and 20 per cent were made previously.