Peoples Bank (Jerico Springs, MO)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
March 16, 1929
Location
Jerico Springs, Missouri (37.622, -94.009)
Bank Type
state
Routing Number
80-1615

Metadata

Episode ID
Bank ID
City ID
290729910
Model
gpt-5-mini
Short Digest

Notes

Closed by state finance commissioner; examiner put in charge.

Events (2)
1. March 16, 1929 Run
Cause Details
Withdrawals described as 'a run' in progress for several days; no specific trigger given.
Measures
Bank was closed by the directors as a response to the run.
Newspaper Excerpt
The People's Bank of Jerico Springs, Cedar County, was closed by the directors today because of a run that had been in progress several days.
Source
newspapers
2. March 16, 1929 Suspension
Cause
Government Action
Cause Details
Closed by order of the State Finance Commissioner; state examiner (D. B. Reist) sent to take charge.
Newspaper Excerpt
The People's Bank of Jerico Springs was closed by an order from the State Finance Commissioner last Saturday. A bank examiner is in charge.
Source
newspapers

Newspaper Articles (3)
1. March 18, 1929 Butler Daily Democrat Butler, MO
Article from Butler Daily Democrat, March 18, 1929

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Article Text

Run Closes Jerico Springs Bank

Jefferson City, Mo., March 16.The People's Bank of Jerico Springs, Cedar County, was closed by the directors today because of a run that had been in progress several days. The State Finance Commissioner sent Examiner D. B. Reist to take charge. The president of the bank is W. T. Long and the cashier is E. F. Peer. This is the sixth bank failure of the year. Like all of the others, it is a comparatively small institution.

2. March 21, 1929 Cedar County Republican and Stockton Journal Stockton, MO
Article from Cedar County Republican and Stockton Journal, March 21, 1929

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Article Text

JERICO SPRINGS BANK CLOSED

The People's Bank of Jerico Springs was closed by an order from the State Finance Commissioner last Saturday. A bank examiner ig in charge. It is said that a run on the bank had been in progress for several days. W. T. Long is president of the bank and E. F. Peer is cashier. The last statement issued on November 15, 1928 showed the following: Loans, $64.700; real estate owned. $10,000; stocks owned, $11,600; cash on hands and due from other banks, $6.500; bills payable, $15.000; capital, $20,000: surplus, $4,000; total redeposits, sources, $93,438.28.

3. March 21, 1929 Bates County Democrat Butler, MO
Article from Bates County Democrat, March 21, 1929

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Article Text

Run Closes Jerico Springs Bank

Jefferson City, Mo., March 16.The People's Bank of Jerico Springs, Cedar County, was closed by the directors today because of a run that had been in progress several days.