Bank of Liberal (Liberal, MO)

Episode Information

Episode Type
Run → Suspension → Reopening
Start Date
February 10, 1932
Location
Liberal, Missouri (37.558, -94.520)
Bank Type
state

Metadata

Episode ID
Bank ID
City ID
290720953
Model
gemini-3-flash-preview
Short Digest

Notes

The mayor declared a one-day business moratorium to protect the bank from a run while reorganization funds were raised.

Events (3)
1. February 10, 1932 Run
Cause Details
Slow run of unspecified origin led to fears of heavy withdrawals
Measures
Mayor declared a moratorium on all business activity to stave off withdrawals.
Newspaper Excerpt
A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium
Source
newspapers
2. February 11, 1932 Suspension
Cause
Government Action
Cause Details
Mayor ordered a moratorium to prevent a heavy run.
Newspaper Excerpt
Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.
Source
newspapers
3. February 12, 1932 Reopening
Newspaper Excerpt
pected re-open tomorrow this time, business places Liberal also re-open. Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.
Source
newspapers

Newspaper Articles (2)
1. February 11, 1932 The Boonville Daily News Boonville, MO

Article Text

Mayor's Moratorium Will Stay In Effect

Liberal, Mo., Feb. fect here today while of the Bank of Liberal completed. Business men subscribed the nance the institution which pected re-open tomorrow this time, business places Liberal also re-open. Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.

2. February 11, 1932 Columbia Missourian Columbia, MO

Article Text

RUN BEGINS ON LIBERAL BANK

Business Men Begin Reorganization to Stave Off Withdrawals LIBERAL, Mo., Feb. 11 (U.P.)A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium on all business activity here. Officials of the bank said they have sufficient funds for ordinary business, but feared heavy run. Plans were under way to reorganize the bank, and $32,000 had been raised at noon by Liberal business men for that purpose. The goal is $50,000.