Appleton Bank (Appleton, MO)

Episode Information

Episode UID
80137471510
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8013747 routing
Routing Number
80-1374
Start Date
October 10, 1925
Location
Appleton, Missouri

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c616d6513180221e

Response Measures

None

Description

Closed by the State Finance Department and later in liquidation; exact charter type not stated.

Events (2)
1. October 10, 1925 Suspension
Cause
Government Action
Cause Details
Closed/failed and among banks closed by the State Finance Department on October 10, 1925.
Newspaper Excerpt
The Appleton Bank of Appleton, Cape Girardeau county, failed Friday.
Source
newspapers
2. April 22, 1926 Receivership
Newspaper Excerpt
The failure of creditors of the Appleton Bank, which closed its doors last summer... appointment of a new liquidator ... Mr. Ruff went to Appleton Friday to take charge and will make his headquarters there.
Source
newspapers

Newspaper Articles (2)
1. October 23, 1925 The Weekly Record New Madrid, MO
Article from The Weekly Record, October 23, 1925

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Article Text

THREE BANKS IN S. E. MISSOURI CLOSED. Three banks in Southeast Missouri were closed by the State Finance Department Saturday, October 10th. One was the Perry County Bank at Perryville, another the Farmers Bank of Ste. Genevieve, and the third the Frohna Bank of Frohna, Perry county. This makes a total of thirty-seven bank failures in this state since the first of the year. Two of the banks failed Saturday morning and Saturday afternoon the State Finance Department was notified by the Board of Directors of the Bank of Frohna, of Frohna, Perry county, that a state examiner be sent, as they desired to close the institution. Apparently the three banks are closely interallied, as J. H. Keisler, cashier of the Perry County Bank, was a director in both the others. Four banks have closed in Southeast Missouri the past two days. The Appleton Bank of Appleton, Cape Girardeau county, failed Friday. Three bank failures in one day eclipses all previous records of the state finance department. A total of eighty are now in the hands of the bureau of defunct banks and trust companies of the state finance department for liquidation. The Perry County Bank was one of the largest and supposedly one of the most substantial financial institutions in Southeast Missouri. It's president is H. G. Keisler and its cashier, J. H. Keisler.

2. April 22, 1926 The Democrat-News Fredericktown, MO
Article from The Democrat-News, April 22, 1926

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Article Text

The failure of creditors of the Appleton Bank, which closed its doors last summer, to learn its present condition, has caused quite a turmoil, resulting in the appointment of a new liquidator and the calling for a meeting to be held at Appleton tomorrow, at which the prosecuting attorney will be present and examine the books of the bank to learn when certain deposits were withdrawn. The beginning of the present resentment was caused by the failure of the liquidator and his assistants, and the officers of the bank, to give any information as to conditions. The charge is made that the work of liquidation was proceeding very slow, as after four months only about $40,000 out of $180,000 outstanding loans had been collected. This resulted in a petition being sent some days ago to the Finance Commissioner, asking that new liquidator be appointed to succeed Mr. Tomlinson. Mr. French, the commissioner, acted rather promptly on the request and appointed W. T. Ruff to succeed Tomlinson. Mr. Ruff at the time the four banks failed was appointed liquidator for the failed Ste. Genevieve bank. Evidently his work has met with the hearty approval of his superiors, for in addition to finally winding up the affairs of the Ste. Genevieve bank he will also have charge of the Appleton Bank and the Frohna Bank. Mr. Ruff went to Appleton Friday to take charge and will make his headquarters there, he being authorized by the department to choose where he wanted to maintain his office to attend to the affairs of the three institutions and he chose Appleton. H. L. Klaus, former cashier of the bank who assisted Tomlinson during the past four months, has left to accept a position