Blodgett Bank (Blodgett, MO)

Episode Information

Episode UID
80089671466
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
8008967 routing
Routing Number
80-0896
Start Date
February 1, 1922*
Location
Blodgett, Missouri (37.004, -89.527)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
54018935edb96a30

Response Measures

None

Description

Cash shortage by cashier McBride led to 1922 closure; exact reopening date not given.

Events (2)
1. February 1, 1922* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a cash shortage of approximately $30,000 linked to cashier McBride and subsequent indictments
Newspaper Excerpt
it was closed in February of 1922, pending an investigation of its affairs. At that time a shortage of funds amounting to approximately $30,000 was discovered
Source
newspapers
2. * Reopening
Newspaper Excerpt
The Blodgett Bank failed but was reorganized and opened.
Source
newspapers

Newspaper Articles (2)
1. May 31, 1923 The Democrat-News Fredericktown, MO
Article from The Democrat-News, May 31, 1923

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Article Text

Scott county has had her ups and downs in banking circles. The Citizens Bank of Blodgett is the fifth institution to fail in recent years. About two years ago the Vanduser Bank was reported to have been robbed and later it burned and with the building went the records. Its cashier, Thos. Bugg, was indicted by the grand jury of Scott county but was released upon a technicality. The Blodgett Bank failed but was reorganized and opened. Following close upon the heels of this came the failure of the Diehlstadt Bank, but, it too, reopened. It was thought that the failure of the Blodgett Bank was in a measure responsible for this failure. Then came the failure of the Citizens' Bank of Sikeston and its cashier, Mr. Dover, was indicted by the same grand jury which indicted McBride. The failure last week of the Citizens' Bank of Blodgett made the fifth banking institution to fail in that county. The Vanduser Bank never reopened and it is thought that last Thursday was the end of the last failure.—Charleston Times.

2. May 31, 1923 The Democrat-News Fredericktown, MO
Article from The Democrat-News, May 31, 1923

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Article Text

held. McBride is charged with a cash shortage of $6100, according to a report given the Herald by a stockholder of the bank. This stockholder also told the Herald that the bank had about $7,500 worth of questionable notes, in addition to a note for $400 which McBride had given in payment for bank stock he had purchased. The bank was organized about a year ago, and according to its financial statement made April 3rd, its total resources amounted to $44,984.63. The capital stock was $10,000, loans were $24,946 and its deposits about $35,000. McBride was cashier of the Blodgett Bank, the oldest financial institution of the town, when it was closed in February of 1922, pending an investigation of its affairs. At that time a shortage of funds amounting to approximately $30,000 was discovered, and at a recent meeting of the Scott county grand jury eleven indictments were returned against McBride in connection with this shortage. He was under bond when the shortage at the Citizens Bank was discovered, but his bondsmen at once withdrew as such. It is said that McBride has deeded his 160-acre farm near Blodgett to the directors of the Citizens Bank to make good the shortage.—Sikeston Herald. The Democrat-News, a weekly newspaper published in said county for four weeks successively, the last insertion to be at least fifteen days before the commencement of the next term of this court. J. M. White, Clerk of the Circuit Court. State of Missouri : : ss. County of Madison : I, J. M. White, Clerk of the Circuit Court of said county, do certify that the above and foregoing is a true and complete copy of the order of publication as the same appears of record in my office. Given under my hand and seal this the 1st day of May, 1923. J. M. White, Circuit Clerk.