Bank of Lebanon (Lebanon, MO)

Episode Information

Episode UID
80028171409
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
8002817 routing
Routing Number
80-0281
Start Date
May 29, 1917
Location
Lebanon, Missouri (37.672, -92.660)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ef0474edccbdb325

Response Measures

None

Description

Sources give May 26 and May 29 as the closure date; reopening charter issued late June.

Events (3)
1. May 29, 1917 Run
Cause
Rumor Or Misinformation
Cause Details
Quiet run triggered by circulation of unfavorable rumors amid local money shortage and difficulty realizing large loans
Newspaper Excerpt
a quiet run on the institution, following the circulation of unfavorable rumors
Source
newspapers
2. May 29, 1917 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in hands of the state banking department following withdrawals/embarrassment
Newspaper Excerpt
was closed here today, with a notice on its doors that it was in the hands of the state bank commissioners
Source
newspapers
3. June 28, 1917 Reopening
Newspaper Excerpt
The secretary of state has issued a charter to the State Savings Bank of Lebanon, under which name the reorganized Bank of Lebanon has resumed business with a capital of $25,000.
Source
newspapers

Newspaper Articles (3)
1. May 26, 1917 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, May 26, 1917

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Article Text

OLDEST BANK CLOSES Veteran Institution at Lebanon. Mo., in Hands of State Commissioner. Lebanon, Mo., May 26.-The Bank of Lebanon, the oldest in Laclede county, was closed here today, with a notice on its doors that it was in the hads of the state bank commissioners. The institution had a capital and surplus of $70,000, according to announcements. The president, John Farrar, said all depositors would be paid in full, altho no explanation of the suspension was given out.

2. June 28, 1917 Iron County Register Ironton, MO
Article from Iron County Register, June 28, 1917

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Article Text

Closed Bank Reopens. The secretary of state has issued a charter to the State Savings Bank of Lebanon, under which name the reorganized Bank of Lebanon has resumed business with a capital of $25,000. The Bank of Lebanon, the oldest banking institution in Laclede county, with a capital of $50,000 and deposits of $300,000. closed its doors on May 29 and has sin. been in the hands of the state banking department. The temporary suspension was due to a gradual decrease of deposits, owing to the local shortage of money, the bank's inability to realize quickly on large loans and a quiet run on the institution, following the circulation of unfavorable rumors. The difficulties which caused the bank's embarrassment have been removed, and its affairs have been settled without the loss of a single dollar by the depositors.

3. July 5, 1917 Mexico Missouri Message Mexico, MO
Article from Mexico Missouri Message, July 5, 1917

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Article Text

Closed Bank Reopens. The secretary of state has issued a charter to the State Savings Bank of Lebanon, under which name the reorganized Bank of Lebanon has resumed business with a capital of $25,000. The Bank of Lebanon, the oldest banking institution in Laclede county, with a capital of $50,000 and deposits of $300,000, closed its doors on May 29 and has since been in the hands of the state banking department. The temporary suspension was due to a gradual decrease of deposits, owing to the local shortage of money, the bank's inability to realize quickly on large loans and a quiet run on the institution, following the circulation of unfavorable rumors. The difficulties which caused the bank's embarrassment have been removed, and its affairs have been settled without the loss of a single dollar by the depositors.