State Bank (Sugar Creek, MO)

Episode Information

Episode UID
80137571621
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8013757 routing
Routing Number
80-1375
Start Date
January 29, 1935
Location
Sugar Creek, Missouri (39.110, -94.445)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b69af9a8030325a0

Response Measures

None

Description

Receivers are in charge and the bank is in liquidation due to forged collateral and suits against the former president.

Events (2)
1. January 29, 1935 Other
Newspaper Excerpt
Receivers filed suit in Jackson county circuit court to collect $32,000 from Glenn R. Buckley, former president, and a surety bonding company.
Source
newspapers
2. January 29, 1935 Receivership
Newspaper Excerpt
W. L. Yost, special deputy finance commissioner, in charge of the liquidation of the State bank of Sugar Creek, said an investigation had disclosed $6,000 of the $32,000 collateral of the bank which receivers are seeking to recover are forged bonds...
Source
newspapers

Newspaper Articles (3)
1. January 29, 1935 The Emporia Gazette Emporia, KS

Article Text

Find $6,000 of Same Series Involved in Kansas Scandal. Sugar Creek, Mo., Jan. 29 (AP)—W. L. Yost, special deputy finance commissioner, in charge of the liquidation of the State bank of Sugar Creek, said an investigation had disclosed $6,000 of the $32,000 collateral of the bank which receivers are seeking to recover are forged bonds of the same series involved in the Ronald Finney bond scandal of Kansas. Yost said that the Wichita board of education apparently held the legal bonds. The discovery was made, Yost said, after receivers of the bank had filed suit in the Jackson county, Mo., circuit court Saturday to collect the $32,000 from Glenn R. Buckley, former president of the bank, and a surety bonding company, which had bonded him. The Wichita board of education, Yost pointed out, immediately filed an injunction suit in federal court, enjoining the bank from delivery of the bonds to anyone and demanded that reason be shown why they should not be destroyed as forgeries. Yost said if the bonds were proved to be forgeries, the receivers held a good chance of collecting from the bonding company.

2. January 29, 1935 The Wichita Eagle Wichita, KS

Article Text

Asks Federal Court to Take Spurious Securities Out of Circulation TURN UP IN MISSOURI The Wichita board of education has filed suit in federal court seeking to enjoin the State Bank of Sugar Creek, Mo., from delivering $6,000 in forged Wichita school bonds to anyone, and demanding reason be shown why the bonds should not be destroyed as forgeries. Officials of the board of education say the forgeries are part of some $300,000 worth of bad bonds placed in circulation by two men giving the names of Martin and Henratty, since sent to prison. About $100,000 of the forgeries have been destroyed. The genuine bonds are held mostly by the state school funds. W. L. Yost, special deputy finance commissioner of Missouri, told the Associated Press Monday an investigation had disclosed that $6,000 of the $32,000 collateral of the bank which receivers are seeking to recover, are forged bonds. Yost declares they are of the same series involved in the Roland Finney bond scandal of Kansas. Officials here, however, differ with Yost, claiming they are the Henratty and Martin bonds. Possibly a link between Finney and Henratty and Martin will come out in the investigation. Yost, in charge of the liquidation of the Sugar Creek bank, said the Finney connection was discovered after receivers of the bank had filed suit in the Jackson county, Mo., circuit court to collect the $32,000 from Glenn R. Buckley, former president of the bank, and a surety company, which had bonded him. The Wichita board of education filed its injunction suit immediately after receivers took action in the circuit court. Yost said, if the bonds were proved to be forgeries, the receivers held a good chance of collecting from the bonding company. Officials of the board of education here said last night their only interest in the matter is to get the forged bonds destroyed or out of circulation. The board has lost no money whatever, as the legal bonds are sold and drawing interest. EMBEZZLEMENT CHARGED Roy Schad was charged with taking $173.45 belonging to the Bartlett Produce company in a warrant issued yesterday on complaint of C. B. McVicker, agent of the concern. McVicker said that Schad had collected company money as a salesman and had failed to release it to the concern.

3. January 31, 1935 The Monett Times Monett, MO

Article Text

FORGED BONDS FOUND IN THE BUCKLEY BANK Sugar Creek, Mo., Jan. 29.—W. L. Yost, special deputy finance commissioner, in charge of the liquidation of the State Bank of Sugar Creek, yesterday said an investigation had disclosed $6,000 of the $32,000 collateral of the bank which receivers are seeking to recover are forged bonds of the same series involved in the Ronald Finney bond scandal of Kansas. Yost said the Wichita, Kan., board of education apparently held the legal bonds. The discovery was made, Yost said, after receivers of the bank had filed suit in the Jackson county, Missouri, circuit court Saturday to collect the $32,000 from Glenn R. Buckley, former president of the bank, and a surety bonding company, which had bonded him. The Wichita board of education, Yost pointed out, immediately filed an injunction suit in federal court, enjoining the bank from delivering the bonds to anyone and demanding that reason be shown why they should not be destroyed as forgeries.