8841. Auxvasse Bank (Auxvasse, MO)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
July 1, 1924*
Location
Auxvasse, Missouri (39.018, -91.897)

Metadata

Model
gpt-5-mini
Short Digest
263353dcb720e60b

Response Measures

None

Description

The Auxvasse Bank closed in July 1924 and remained defunct; a special commissioner of the state finance department handled the affairs and distributed funds in late 1926. Articles describe receivership/commissioner actions and a dividend payment to depositors, not a depositor run or reopening. The precise cause of the closure is not stated in the articles.

Events (3)

1. July 1, 1924* Receivership
Newspaper Excerpt
J. L. Edwards, special commissioner of the state finance department, in charge of the defunct Auxvasse bank ... The Auxvasse bank closed July 1924.
Source
newspapers
2. July 1, 1924* Suspension
Cause Details
Article states the bank closed in July 1924 but gives no specific cause for the suspension/closure.
Newspaper Excerpt
The Auxvasse bank closed July 1924.
Source
newspapers
3. December 28, 1926 Other
Newspaper Excerpt
Auxvasse bank to pay 10 per cent dividend ... today was to pay depositors 9.9 per cent of their claims against the bank ... The depositors previously received per cent.
Source
newspapers

Newspaper Articles (2)

Article from The Missouri Telegraph, December 23, 1926

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Article Text

SAID IT TOO SOON Affairs of Auxvasse Bank Not Yet Disposed of as Stated in Saturday's Issue misunderstanding the Through Sun said on Saturday that the final report of the special commissioner in charge of the affairs of the defunct Auxvasse Bank had been accepted and that distribution of the funds on hand would be made at once. We thought at the time that this true statement. but learned after had been published that his final filed with the circuit had been port but would not court that until December 28. be passed on The mistake came through tion to the circuit clerk. who thought phase of were referring to one while the questioner had the Having heard the other in Commissioner Edwards say Special the suit to be that morning that the only thing tried Saturday was of the final closstanding in the way when told up of the the circuit clerk of the disposition of the case, the representative said Well. that will chance close the money to and pay over With his mind on the been in court that had already done, and replied: "That all settled.' It meant he was talking about one thing and the interviewer another and led to the premature nouncement that the report had been passed on


Article from Kansas City Journal, December 29, 1926

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Article Text

AUXVASSE BANK TO PAY 10 PER CENT DIVIDEND FULTON, MO., Dec. 28.-J. L. Edwards, special commissioner of the state finance department, in charge of the defunct Auxvasse bank at twelve miles north of here, today was to pay depositors 9.9 per cent of their claims against the bank by Judge David H. Harris of the Callaway county circuit court. The depositors previously received per cent. The Auxvasse bank closed July 1924.