Bank closed its doors and sent for a state bank examiner; specific reason for insolvency not stated.
Newspaper Excerpt
The College Mound Security Bank, near here, capitalized at $10,000, closed its doors Saturday night and sent for a state bank examiner.
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newspapers
Newspaper Articles (1)
1.May 12, 1924Kirksville Daily Express and Kirksville Daily NewsKirksville, MO
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Article Text
COLLEGE MOUND, MO., BANK SENDS FOR EXAMINERS
Macon, Mo., May 12. โ The College Mound Security Bank, near here, capitalized at $10,000, closed its doors Saturday night and sent for a state bank examiner.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
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College Mound Security Bank · Episode ID 6959658491493