Northwestern Bank (Burlington Junction, MO)

Episode Information

Episode UID
80052471517
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8005247 routing
Routing Number
80-0524
Start Date
May 25, 1926
Location
Burlington Junction, Missouri (40.446, -95.066)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
94b2cdf85653551e

Response Measures

None

Description

Failure tied to cashier's embezzlement and forgery; bank closed in May 1926.

Events (2)
1. May 25, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closure followed discovery of embezzlement and forgery by the cashier, precipitating the bank's failure.
Newspaper Excerpt
the failure of the bank which closed its doors four weeks ago.
Source
newspapers
2. June 22, 1926 Other
Newspaper Excerpt
Barber, for twenty years the cashier of the Northwestern Bank of Burlington Junction, was sentenced to ten years in the penitentiary for embezzlement and forgery in connection with the failure of the bank.
Source
newspapers

Newspaper Articles (2)
1. June 22, 1926 The Brookfield Argus and the Linn County Farmer Brookfield, MO
Article from The Brookfield Argus and the Linn County Farmer, June 22, 1926

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Article Text

CHICAGO SAFER PLANES. This Woman's Day at the Eucharistic Thousand Nuns Sang Response to Pontificial High Mass. (International Wire News.) Chicago, the mail pilots of the air mail service went strike this morning, following demand for faster and safer planes. They declare they will not fly again until better equipment has been provided. Chicago, June has been women's day at the Eucharistic gress. Six thousand nuns in sponse to pontificial high this morning, officiated by Cardinal O'Donnell, of Boston. Quebec, warning business to proceed carefully in of mergers and gigantie combinations sounded here today by William Donovan assistant United States attorney general, in address here, before the New York Bankers' sociation. Maryville, Barber, for twenty cashier years the Northwestern Bank of Burlington Junction, was sentenced to ten years the penitentiary for embezzlement and forgery connection with the failure of the bank which closed its doors four weeks ago. Barber confessed to embezzling $487 of bank funds, and note for

2. January 30, 1930 The Maryville Daily Forum Maryville, MO
Article from The Maryville Daily Forum, January 30, 1930

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Article Text

IN No Statement Has Been Made On Condition Continues Audit. receiver. appointed by comptroller the currency has taken charge of the affairs of the First National Bank of Burlington Junction, which closed by order the board directors January He Martin of national bank receiver. Appointment of a that the bank will be means liquidated Mr Martin took charge of the bank He had no other stateyesterday. ment to make today except that condition of the bank will be made public soon the books are checkwhich will be several days. Asked the bank would re-open depository Mr. Martin said: this bank, but other bank might open Makes No Comment. to the condition of the bank. Mr. Martin said that he was not in sition the present time to make any comment whatever. In due time statement to the status of the bank will be made he but added that announcement could be made until the affairs of the institution could be checked. The national bank Miller. still Burlington Junction working the books of the bank. The work of checking the books has been slow and the First National Bank Maryville, upon request the aminer over stenographers assist in the work. Mr. Martin said unable to give any definite date when the condition will be known. There were unconfirmed reports current on the streets of Burlington Junction this morning that Caldwell. president, had said that the bank would out 100 cents on the pay dollar. Mr. Caldwell had been in Burlington this morning but could not be located to confirm this rumor. Town Marks Time. Meanwhile Burlington which has experienced previous bank Northwestern Bank there closing May just marking watching developments, and "hoping for best." Rumors, circulating like wildfire, have been plenbut nothing authentic known and will not be known until Mr. Marmakes report. The residents this town. which had population 970 when the 1920 are getting along the best they can without any bank, the First National bank was the following the closing the Northwestern Bank the residents inconvenienced, but they went through one bank failure and know what to expect.