First National Bank (Versailles, MO)

Episode Information

Episode Type
Run → Suspension → Reopening
Start Date
October 15, 1931
Location
Versailles, Missouri (38.431, -92.841)
Bank Type
national
Charter Number
7256

Metadata

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
18.1%
Date receivership started
1933-11-15

Events (7)

1. May 13, 1904 Chartered
Source
historical_nic
2. October 7, 1929 Voluntary Liquidation
Source
historical_nic
3. October 15, 1931 Run
Cause
Local Banks
Cause Details
Steady withdrawals after recent nearby bank failures (Brunswick and other Chariton County banks) prompted the run
Measures
Board closed bank and announced plans to reopen soon; officials assured no loss
Newspaper Excerpt
First National Bank of Versailles was closed by order of the board of directors today ... Steady withdrawals the reason for closing
Source
newspapers
4. October 15, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended by its board because of heavy withdrawals and resulting inability to meet payments
Newspaper Excerpt
First National Bank of Versailles was closed by order of the board of directors today
Source
newspapers
5. November 15, 1933 Receivership
Source
newspapers
6. November 15, 1933 Receivership
Source
historical_nic
7. * Reopening
Newspaper Excerpt
The bank, which suspended business in 1931, paid 20 per cent dividend last August (announced Feb. 1933).
Source
newspapers

Newspaper Articles (3)

Article Text

developed from the constant bombardment victim's body by alpha particles emanating from the radium stored in the bones, he plained This suggests methods for producing cancer But more important it suggests that, since very small of radium taken into the bodies of the watch dial painters quickly produced cancers, the other forms of cancer in man may be the result much smaller amounts of radioactive present in the body over much longer of time These be too small to measure or even to detect by present

Getting tired of waiting for the rabbit the Bob Cat had come to look for him. "What have you in that basket?" snarled the Bob "Carrots! Nothing but carrots answered Uncle Wiggily politely "Take look and see for yourself, he invited, raising the cover. And no sooner had he done that than something alive jumped out of the basket. the Bob Cat on the and cried "Boo!" ran the Bob Cat frightened by Uncle Wiggily's surprise basket Oh, you want know who jumped out, do you? Well, was Baby Bunty She had happened and, seeing the empty basket she filled it with and then in herself, she fell asleep But she in time jump out and surprise the Bob Cat. Tomorrow Uncle Wiggily and Kittie's Piece.

RUN CLOSES BRUNSWICK BANK.

A Depository at Versailles, Mo., Also Fails Open.

(By BRUNSWICK Mo., Oct. National Bank here failed open today the fourth Chariton County bank to since September 23, when the of Brunswick failed here. First National Bank had of $388,207.11 and deposits of $249,626.03 Steady withdrawals the reason for closing Plans are under way reopening the bank soon and officials of the bank say there will be no loss VERSAILLES Mo. Oct. First National Bank of Versailles was "closed by order of the board of directors today W Buell was president and Beatrice Sherill cashier

CHICAGO SCHOOLS AT CRISIS.

Teachers, Unpaid. Talk Move to Close Them November

CHICAGO Oct Side school teachers, after told today their chances of getting financial relief through bond issues were small, referred to committee proposal that the city's schools be closed November for money. The proposal to close the schools was put forward by Clyde A. Crowley, teacher, who said that the North Side teachers already had the plan under consideration. By closing the schools, Crowley said, Chicago's citizenry would made to realize more fully the plight of the teachers who have not received any pay for several months.


Article Text

BANK PAYS DIVIDEND

VERSAILLES. MO., Feb. of 12½ per cent dividend by the First National bank here announced Tuesday by W. Hanna, The bank, which suspended business in 1931. paid 20 per .cent dividend last August.


Article Text

CITIZENS CALM DURING EMERGENCY

Exchange Bank Suspended Operations In Conformity Presidential Proclama- tion.

The Banks of Holt County suspended normal morning to conform Saturday with state wide holiday order a issued by Governor Guy Park. for Since that time President of Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10. The local banks have followregulations ordering them laid down by the secreclose, of the treasury. Some have tary remained open during regular hours for the purpose banking of making change. There is no cause for any alarm the local regarding tion as all the Holt County banks are believed to be in cellent condition. has been convened Congress special session beginning today (Thursday) and acnoon cording to radio reports have legislation conferring passed extraordinary to Presipowers dent Roosevelt, trol all banks until this emeris safely past. The spirit fortitude and patience with which the people this community and the tire has reacted to the country bank holiday, has emergency been surprising. individuals and busiMany houses found themselves ness with small amount of only hand when the currency on bank went into effect. holiday St. Business has been retarded to extent. Merchants some most cases have accepted checks for the exact amount but have been purchases tant to let loose of any currenor silver in change. Bank here The Exchange to be strong as known is anywhere, and bank there must be attributed its closing solely to the the nation. ditions throughout thing that Now the only to await the order to with patience banks after the the open and regulational adjustments formulated and tions have been issued.