Polo Trust Company (Polo, MO)

Episode Information

Episode UID
80069871586
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
8006987 routing
Routing Number
80-0698
Start Date
February 23, 1932
Location
Polo, Missouri (39.552, -94.041)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
af80e3c4c5dc034b

Response Measures

None

Description

Articles state directors closed and decided to liquidate; no run reported.

Events (1)
1. February 23, 1932 Suspension
Cause
Voluntary Liquidation
Cause Details
Directors decided to close and liquidate the bank due to small volume of business; depositors to be paid in full.
Newspaper Excerpt
POLO BANK SUSPENDS. ... The Polo Trust Company of Polo closed today by its board of directors ... Messenbaugh, state bank examiner, placed in charge
Source
newspapers

Newspaper Articles (2)
1. February 23, 1932 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, February 23, 1932

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Article Text

POLO BANK SUSPENDS. JEFFERSON CITY, Feb. The Polo Trust Company of Polo closed today by its board of directors turned over to the state No reat son for the closing was given. Messenbaugh, state bank examiner, placed in charge The trust company had loans of $154 323; deposits. $127,819: total resources, $216,482 and bills payable. $17,500. Bathgate president and H. C. Zimmerman, secre-

2. February 25, 1932 Hamilton Advocate-Hamiltonian Hamilton, MO
Article from Hamilton Advocate-Hamiltonian, February 25, 1932

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Article Text

A BANK QUITS BUSINESS Polo Trust Company Goes Into Voluntary Liquidation Owing to Small Volume of Business The Polo Trust Company at Polo not open for business Monday morning. There was no run on the bank business was going along in normal fashion, but the directors cided close and liquidate the bank's affairs. The officers of the bank say depositors will be paid in full. The volume of business such that there was little inducement for the bank to continue its business and it was thought best to quit. Bathgate is president and H. Zimmerman secretary the Polo Trust Company, positions they have filled for many years. The bank, at its last official statement made January 1932, had tal resources with posits of The capital and surplus of the bank was