Bank of Novinger - Novinger, MO

Episode Information

Episode UID: 80038471585
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8003847 routing
Routing Number: 80-0384
Start Date: January 1, 1932*
Location: Novinger, Missouri (40.232, -92.709)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 432485bf11d4aaaf

Response Measures

None

Description

OCR errors in the article text; meaning clear that the bank closed in 1932 and entered liquidation.

Events (3)

1. January 1, 1932* Receivership

Newspaper Excerpt: in the liquidation of the defunct Novinger bank. The new Bank of Novinger organized and has been liquidating for the state finance agent department.
Source: newspapers

2. January 1, 1932* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank closed in 1932 and entered liquidation (failure leading to suspension/closure).
Newspaper Excerpt: This is the first payment made since the bank closed in 1932.
Source: newspapers

3. July 19, 1934 Other

Newspaper Excerpt: 28 per cent dividend paid common claim depositors of the defunct Novinger bank. Payment to residents ... was made Tuesday.
Source: newspapers

Newspaper Articles (1)

1. July 19, 1934 Adair County Herald Novinger, MO

Article from Adair County Herald, July 19, 1934

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Article Text

Bank Pays Dividend, Novinger is Joyous DEPOSITORS RECEIVE Some sixty thousand dollars is go- ing into circulation in Western Adair county this week as the result of 28 per cent dividend paid common claim depositors of the defunct Novinger bank. Payment to residents of the immediate vicinity was made Tuesday, and checks are being made out and mailed today to those from distance who were unable to come after their money. The 28 per cent dividend was granted in circuit court at Kirksville last Saturday by Judge H. Rouse. Bank of Novinger is in the liquidation of the defunct It is the first dividend payment since the bank closed in 1932. When announcement of the paymade a general "run" on the made by depositors and money The payment was an immense boost to business and comes just in time to help many who need it badly It had been understood that 38 per cent dividend would be paid, but officials stated that the amount was cut 10 cent this time due to per the fact that the loan from he fderal governmnt had not yet been obtained in full. The federal loan was approved for sixty thousand, but to date only fifty thousand has been received. It expected that the full amount will be received within the next month. Only uncontested preferred claims, including the due the Novinger Consolidated district. were paid at this The other preferred claims. on which some of the common depositors are making fight, are being held up. The money received by the school will be spent for the general expenses of the school. All debts will be brought up to date first and 1932-33 teachers, who failed to receive their salaries in full will be paid ondly. stated. All teachwas have been paid in ful. This is the first payment made to since the bank closed The new Bank of Novinger organized and has been liquidating for the state finance agent department. Murrell and attorneys for the stated that a second probably would payment be made the middle of next month. thus bringing the dividend payment to per cent. The motion for a new trial in some of the preferred claims was denied by Judge Rouse and motion for appeal was granted. Appeal bond was fixed