Article Text
BANK COSBY CLOSED Bank failure 19 Missouri 1927, was reported last Saturday State Finance Cantley, when board of directors of the Cosby State Bank of Cosby ordered doors closed. bank examiner sent take charge until special deputy named liquidate The statement of condition of the bank, made of April 1927, the Loans real estate owned, $25,000; due from other banks and on hand, capital, surplus, $10,000; deposits, bills payable, $20,000; Kline president and Peters cashier. Impaired capital due to slow and bad loans attributed the reason for the of the bank. Then there reported to have been the bank for ten days prior closing which exhausted the cash hand. Messenbaugh the deputy finance commissioner charge the evening April and bank closed the with morning different deputy finance for few hours. The Clarksdale bank closed April and seemed produce the sternation which caused sufficient make the deposits the state requirements at Cosby.
