Citizens State Bank (Puxico, MO)

Episode Information

Episode UID
80149771572
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
8014977 routing
Routing Number
80-1497
Start Date
December 3, 1930
Location
Puxico, Missouri (36.950, -90.158)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ca9a62dd64b7fde6

Response Measures

None

Description

Board closed the bank and state examiners took charge; subsequent arrests for embezzlement reported.

Events (3)
1. December 3, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by board after examiner's findings of account shortages and later embezzlement charges against officers.
Newspaper Excerpt
The Citizens' State Bank at Puxico, Stoddard County, with $94.497 resources, closed yesterday by its board of directors.
Source
newspapers
2. December 4, 1930 Receivership
Newspaper Excerpt
G. U. Freund, State bank examiner, has charge. The Citizens' State Bank at Puxico ... was closed today by its board of directors and placed in the hands of the State Finance Department.
Source
newspapers
3. December 13, 1930 Other
Newspaper Excerpt
arrest of Cookson, cashier, and Lynn Varble, assistant cashier of the closed Citizens State Bank at Puxico, Mo., ... charged with embezziement bank funds and making improper entries in records.
Source
newspapers

Newspaper Articles (3)
1. December 4, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, December 4, 1930

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Article Text

BANK AT WHITESIDE MO, IS CLOSED BY ITS DIRECTORS No Reason for Action Given; Examiner Takes Charge; $44,642 Deposits. By the Associated JEFFERSON CITY, Mo., Dec. 4. The Whiteside Bank at Whiteside in Lincoln County, was closed today by its board of directors and placed in the hands of the State Finance Department. No reason for the closing given. The bank had $44,642 deposits. G. U. Freund, State bank examiner, has charge. The Citizens' State Bank at Puxico, Stoddard County, with $94.497 resources, closed yesterday by its board of directors. No reason for closing given. According to the bank's last statement, had $55,712 deposits, $25,000 capital stock and $2000 surplus. Public funds on deposit amounted to $9235. J. P. Varble was president and C. B. Cookson cashier. By Associated Press BETHANY, Mo., Dec. 4. The First National Bank of Ridgeway, Mo., failed to open yesterday. Officers admitted there had been heavy withdrawals in recent months. The bank's last statement, Sept. 24. showed total resources of $176,336.90.

2. December 13, 1930 The Courier News Blytheville, AR
Article from The Courier News, December 13, 1930

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Article Text

Charge Missouri Bank Officers With DEXTER. arrest of Cookson, cashier. and Lynn Varble, assistant cashier of the closed Citizens State Bank at Puxico, Mo., Stoddard county. were issued late yesterday by Prosecuting Attorney Powell They are charged with embezziement bank funds and making improper entries in records. "Bank Examiner E. Estes," Powell sald. "gave me preliminary report which indicated shortage in accounts but the ancount is not definite. It will prob. ably exceed The Citizens State Bank closed about 10 days ago.

3. December 25, 1930 Poplar Bluff Republican Poplar Bluff, MO
Article from Poplar Bluff Republican, December 25, 1930

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Article Text

BANK resident of Puxico, has been appointed by French, finance commissioner, take charge of affairs of the Citizens State Bank Puxico. Graders Win. The Wheatley school grade team, defeated the Wheatley high school girls last night to Mabel Beatrice Hunter Elizabeth played an exceptional for game grade team. the same offense several times previously. Knapp, Kansas City, convicted of practicing optometry withregistration. Case reversed and defendant discharged opinion by Commissioner Cooley, because exempted from provision of 1921 act regulating tometrists. Given Life. Vincent St. Moncado, Louis, sentenced to life imprisonment for degree murder. Case reversed remanded for trial opinion by Davis. Moncado charged with shooting Vincenzo Vitale Vitale's home November, 1927. The jury agreed guilt, but not punishment, and the fixed the sentence life imprisonment. The case was reversed because errors the instructions the self defense. Blanchard, Robert Gooding Crabtree and Floyd Brown, Kansas City, to months for operating gaming devices. Affirmed. Opinion Judge White. The men attacked the indictment alleging failed out charge, but Judge White brushed aside this nicality.