Bank of Walnut Grove (Walnut Grove, MO)

Episode Information

Episode Type
Suspension → Closure
Start Date
January 24, 1933
Location
Walnut Grove, Missouri (37.411, -93.550)
Bank Type
state
Routing Number
80-0662

Metadata

Notes

Articles state the bank closed Jan 24, 1933 and is in liquidation; cause not specified.

Events (2)

1. January 24, 1933 Suspension
Cause Details
Bank closed and is in process of liquidation; claims filed against it totaling $63,888.31.
Newspaper Excerpt
Mr. Johnson has two Walnut Grove banks—the Bank of Walnut Grove and the Citizens Bank of Walnut Grove—in the process of liquidation. Both banks closed their doors January 24, 1933.
Source
newspapers
2. * Other
Newspaper Excerpt
Preferred claims…were paid in November of last year. Two 10 percent dividends…have been paid, both of them this year. There will be more
Source
newspapers

Newspaper Articles (2)

Article Text

WALNUT GROVE BANKS

Still reposing in Mr. Johnson's office are checks for Holland bank depositors whom the commissioner has been unable to find. The checks, made out in 1931, total $616.62. If they are not claimed by next year, they will, under the law, go to the state finance department, and, eventually, into the state treasury.

Mr. Johnson has two Walnut Grove banks—the Bank of Walnut Grove and the Citizens Bank of Walnut Grove—in the process of liquidation. Both banks closed their doors January 24, 1933.

The former had claims filed against it totaling $63,888.31. Preferred claims—usually trust funds, such as school or road district money—were paid in November of last year, totaling $3572.25. Two 10 percent dividends, each totaling $6387.56, have been paid, both of them this year. There will be more

CONTINUED ON PAGE C-TWO


Article Text

WALNUT GROVE BANKS

Still reposing in Mr. Johnson's office are checks for Holland bank depositors whom the commissioner has been unable to find. The checks, made out in 1931, total $616.62. If they are not claimed by next year, they will, under the law, go to the state finance department, and, eventually, into the state treasury.

Mr. Johnson has two Walnut Grove banks—the Bank of Walnut Grove and the Citizens Bank of Walnut Grove—in the process of liquidation. Both banks closed their doors January 24, 1933.

The former had claims filed against it totaling $63,888.31. Preferred claims—usually trust funds, such as school or road district money—were paid in November of last year, totaling $3572.25. Two 10 percent dividends, each totaling $6387.56, have been paid, both of them this year. There will be more

CONTINUED ON PAGE C-TWO