Bank of Clark (Clark, MO)

Episode Information

Episode UID
80092271572
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
8009227 routing
Routing Number
80-0922
Start Date
December 1, 1930*
Location
Clark, Missouri (39.281, -92.343)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
465f4262badbaa22

Response Measures

None

Description

The bank suspended and reopened via a depositor agreement where 98% of deposits were pledged to remain in the bank.

Events (2)

1. December 1, 1930* Suspension
Cause Details
The bank closed recently but the specific trigger for the suspension is not detailed beyond general economic conditions of the era.
Newspaper Excerpt
Management of the bank same the time doors were closed.
Source
newspapers
2. January 10, 1931 Reopening
Newspaper Excerpt
The Bank of Clark, recently closed, will be reopened here tomorrow with present deposits of $68,000 remaining in the bank by voluntary agreement
Source
newspapers

Newspaper Articles (2)

Article from Moberly Monitor-Index and Moberly Evening Democrat, January 7, 1931

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Article Text

Hoover Refuses NEW YORK, Jan. President Hoover refuses SATURDAY lieve that America the poorhouse in the cars Speaking telephone from Cent of Deposits Washington last night, he adPledged Plan for dressed National Automobile Chamber Commerce as follows: Continued Operation despondency some peo- COMMUNITY by the statistical evidence prospects respect to the autoJUBILEE DINNER Success of Undertaking Inspires Similar Negotiations at Sturgeon Bank of Clark to be opened morning under plan which thought will and stockbolders loss provide residents Clark that the bank re-open was made in Moberly Attorney Hulen, the officers stockholders of the Bank Clark large out reopening fortit endorsement deposithe state finance sioner. Management of the bank same the time doors were closed. Hulen continue president; Rice, Hulen, cashHulen, Ray Truesdale, Claude Shores, Stockton and Rice, directors. Dinner jubrice dinner will be held Clark Saturday brate the re-opening of bank. Speeches made of Clark's citizens and the occasion expected noteworthy many respects. Announcing the bank's date for re-opening, Hulen today "So far have been ascertain, the Bank of Clark stances surrounding its re-opening have Missouri's banking history. has been made possible by the loyalty confidence of some 500 depositore the bank whose faith in the manthe bank unshaksuspension of business. percent the deposits have been bank. other not than 200, being of the collector County and depossome estates. bank will re-open with assets of about bilities of about The only re-opening absolutely plan guarantees against any bank and protective the the interests stockholders and of whom will suffer positors, none financial loss. When the plan submitted the re-opening was finance commissioner, he said would successful procedure seemed that would approved to the extent its sponexpected. Cantley Impressed shown the 98 be percent deposit Cantley commented, truly recall The Clark must people classed outstanding in the management the bank and loyal town and each other. their run and Some day want of making their have the pleasure personal evidence confidence This the bank management should way to restore banks elsewhere confidence known to be efficiently which and honestly having effect the signatures of geon the closed depositors Sturgeon meeting assigned their deposits bank for its re-opening the Bank of Clark plan. along these Bank of Sturgeon depositors hope there seems insures against plan concerned avoiding to liquidation she costly banks by receivers closed bank its permits intact, to continue assets


Article from Columbia Missourian, January 9, 1931

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Article Text

In and Of Missouri MOUNTAIN GROVE, Jan. 9 (U.P.) Organizers of the Mountain Grove Agricultural Credit Corporation today awaited action of the Missouri Finance artment on the application for a charter. C. H. Duvall, president of the new corporation formed by local business men, said the firm will be ready for business by Jan. 15. It is capitalizing for $25,000. MEXICO. Jan. twenty years in office, E. F. Elliott today prepared to re' as Audrain County circuit clerk. During his term, one of the longest in the history of this section, he served with seven sheriffs and thirteen on the bench. CLARK, Jan. (U.P.)-The Bank of Clark, recently closed, will be reopened here tomorrow with present deposits of $68,000 remaining in the bank by voluntary agreement of the 500 depositors. S. P. Hulen is president of the bank, which has capital stock and surplus of $20,000.