Citizens Bank (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
80-0663

Metadata

Episode ID
Bank ID
City ID
290735899
Model
gpt-5-mini
Short Digest

Notes

Bank closed Jan 24, 1933 and was in liquidation as of Nov 1935.

Events (3)
1. January 24, 1933 Suspension
Cause Details
Bank closed and entered liquidation on January 24, 1933 (failure leading to suspension).
Newspaper Excerpt
Both banks closed their doors January 24, 1933.
Source
newspapers
2. November 17, 1935 Other
Newspaper Excerpt
Mr. Johnson has two Walnut Grove banks... 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 ... were paid in November of last year. Two 10 percent dividends ... have been paid, both of them this year.
Source
newspapers
3. * Receivership
Newspaper Excerpt
Mr. Johnson has two Walnut Grove banks ... in the process of liquidation. ... had claims filed against it totaling $63,888.31.
Source
newspapers

Newspaper Articles (2)
1. November 17, 1935 Springfield Leader and Press Springfield, MO

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

2. November 17, 1935 The Springfield News-Leader Springfield, MO

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