Peoples State Bank (Bronaugh, MO)

Episode Information

Episode UID
80083071567
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
8008307 routing
Routing Number
80-0830
Start Date
July 31, 1930
Location
Bronaugh, Missouri (37.694, -94.469)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
aa0729e45ab44cff

Response Measures

None

Description

State finance department notified and took over affairs after voluntary closing.

Events (3)
1. July 31, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Slow run triggered by concerns about slow loans/slow paper held by bank
Measures
Officers voluntarily ceased business and notified state finance department
Newspaper Excerpt
voluntarily closed this morning following slow run the bank
Source
newspapers
2. July 31, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank voluntarily closed after the slow run; state finance department to take over
Newspaper Excerpt
Peoples State Bank at Bronaugh voluntarily ceased business Wednesday
Source
newspapers
3. * Other
Newspaper Excerpt
It is generally believed that the depositors will be paid one hundred cents on the dollar.Bronaugh Journal.
Source
newspapers

Newspaper Articles (4)
1. July 31, 1930 The Kansas City Times Kansas City, MO
Article from The Kansas City Times, July 31, 1930

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Article Text

MO., BANK CLOSED. Slow Run Causes Peoples State to Quit. Service) NEVADA. Mo., July Peoples State Bank at Bronaugh, small village southwest of this place. voluntarily closed this morning following slow run the bank. Its last statement showed capital stock surplus $5,000, deposits $42,989. loans McReynolds was president and Jerry Wilhite. state finance department has been notified. Rearrange Independence Offices. main floor of the Offices the Independence city hall have arranged. which business can be transacted from the main corridor the building have been constructed. The police court has been moved from the main floor to the basement. and rooms vacated have been added to those used by other departments. Slayer of Boys Must Hang. RIVERSIDE. CAL., July Gordon Stewart Northcutt. Canadian youth convicted here February 1929, killing four his Wine ville chicken ranch. today was sentenced hanged at October He has tin prison the prison pending his which was refused

2. August 1, 1930 Southwest Mail and The Weekly Post Nevada, MO
Article from Southwest Mail and The Weekly Post, August 1, 1930

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Article Text

PEOPLES STATE BANK AT BRONAUGH VOLUNTARILY CEASED BUSINESS WEDNESDAY The Peoples State Bank at naugh was voluntarily closed Wednesday morning the officers of the bank, following slow run on the bank which developed pectedly. The president of the bank McReynolds and Jerry Wil. hite the cashier. understood the officers of the bank concluded the best course to pursue under the conditions prevailing simply business and allow the state finance department to take over the bank's affairs. The opinion expressed here that the bank was not in bad condition, though possibly holding some slow paper. telephone message to the Mail and Post by the Bronaugh Journal, says the last statement of the People's State Bank showed deposits of loans on collateral, $66,076.68; real estate, $9,032.75; capital stock, $15,000, and surplus, $5,000. There excitement in Bronaugh over the closing of the bank and there was no hint of anything irregular connection with the bank's affairs.

3. August 7, 1930 The Butler Times-Press Butler, MO
Article from The Butler Times-Press, August 7, 1930

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Article Text

The Peoples State Bank at Bronaugh, a small village southwest of Nevada, voluntarily closed last week following a slow run on the bank. Its last statement showed capital stock $15,000, surplus $5,000, deposits $42,989, loans $85,000. B. F. McReynolds was president and Jerry Wilhite, cashier. The state finance department has been notified.

4. August 7, 1930 The El Dorado Springs Sun El Dorado Springs, MO
Article from The El Dorado Springs Sun, August 7, 1930

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Article Text

Peoples Bank at Bronaugh Closed The Peoples State Bank in this city failed to open for business Thursday. A heavy run of depositors made this action necessary. No particulars are avaialble at this time. It is generlly believed that the depositors will be paid one hundred cents on the dollar.Bronaugh Journal.