Sullivan County Bank (Milan, MO)

Episode Information

Episode UID
80030071565
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8003007 routing
Routing Number
80-0300
Start Date
May 12, 1930
Location
Milan, Missouri (40.202, -93.125)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9979228b2cf05da2

Response Measures

None

Description

Bank was turned over to the state finance department and later advertised assets for sale.

Events (3)
1. May 12, 1930 Receivership
Newspaper Excerpt
turned over to the state finance department, it was announced by S. L. Cantley, finance commissioner.
Source
newspapers
2. May 12, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board closed bank citing slow loans and frozen assets as probable cause
Newspaper Excerpt
The Sullivan County Bank, at Milan, was closed today by its board of directors and turned over to the state finance department
Source
newspapers
3. July 20, 1931 Other
Newspaper Excerpt
The SULLIVAN COUNTY BANK has some farms, city property, bank building, furniture and fixtures for sale... sealed bids... to reach us not later than 12 o'clock noon, July 20, 1931
Source
newspapers

Newspaper Articles (2)
1. May 12, 1930 Carthage Evening Press Carthage, MO
Article from Carthage Evening Press, May 12, 1930

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Article Text

MILAN, MO., BANK IS CLOSED TODAY 'Br The Associated Press) Jefferson City, May The Sullivan County Bank, at Milan, was closed today by its board of directors and turned over to the state finance department, it was announced by S. L. Cantley, finance commissioner. The bank had $220,800 total resources. No reason for the closing was given, but Cantley said slow loans and frozen assets probably were the cause.

2. July 16, 1931 The Milan Republican Milan, MO
Article from The Milan Republican, July 16, 1931

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Article Text

NOTICE The SULLIVAN COUNTY BANK has some farms, city property, bank building, furniture and fixtures for sale. We calling for sealed bids on bank building, furniture and fixtures, said bids to be filed in person with us the Sullivan County Bank building, or mailed to reach us not later than 12 o'clock noon, July 20, 1931, at which time the filing of bids will cease. reserve the right to any bids. CANTLEY, Commissioner of Finance. that By WM. M. SMITH, provision Special Deputy Commissioner in Charge.