Bank of Florence - Florence, MO

Episode Information

Episode UID: 80156271619
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 8015627 routing
Routing Number: 80-1562
Start Date: November 9, 1934
Location: Florence, Missouri (38.589, -92.979)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a83c44c74cef7b6f

Response Measures

None

Events (2)

1. November 9, 1934 Receivership

Newspaper Excerpt: H. G. Elliott, a state bank examiner, has been placed in charge by State Finance Commissioner O. H. Moberly.
Source: newspapers

2. November 9, 1934 Suspension

Cause: Voluntary Liquidation
Cause Details: Board of directors voted to close the bank; bank was 'closed by its board of directors.'
Newspaper Excerpt: The Bank of Florence, at Florence, in Morgan County, has been closed by its board of directors, the state finance department announced today.
Source: newspapers

Newspaper Articles (1)

1. November 9, 1934 The Sedalia Democrat Sedalia, MO

Article Text

DIRECTORS CLOSE BANK OF FLORENCE By The Associated Press. JEFFERSON CITY, Nov. 9.—The Bank of Florence, at Florence, in Morgan County, has been closed by its board of directors, the state finance department announced today. The last statement of the bank showed resources totaling $45,125. It listed loans totaling $28,373; $1,500 bills payable, and $32,106 deposits. H. G. Elliott, a state bank examiner, has been placed in charge by State Finance Commissioner O. H. Moberly. W. P. Stephens was president and J. S. Daniels cashier. It was the first unrestricted state bank to close since the 1933 banking holiday.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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