8866. Peoples State Bank (Bronaugh, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
July 30, 1930
Location
Bronaugh, Missouri (37.694, -94.469)

Metadata

Model
gpt-5-mini
Short Digest
1b324fa27d08876a

Response Measures

None

Description

Multiple contemporaneous articles (late July/early Aug 1930) report a 'slow run' on Peoples State Bank, Bronaugh, which led officers to voluntarily close the bank and notify the Missouri State Finance Department to take over — indicating permanent closure/receivership rather than a temporary holiday. Dates reconciled from newspaper mentions: the voluntary cessation occurred Wednesday (July 30, 1930) and was reported July 31–Aug 7, 1930. OCR minor errors corrected (e.g., 'naugh' -> 'Bronaugh').

Events (3)
1. July 30, 1930 Receivership
Newspaper Excerpt
the state finance department has been notified... allow the state finance department to take over the bank's affairs; will be paid one hundred cents on the dollar (reportedly).
Source
newspapers
2. July 30, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
A 'slow run' of deposit withdrawals; reports mention possible holding of 'slow paper' though officers said the bank was not in bad condition.
Measures
Officers voluntarily ceased business; notified state finance department to take over affairs.
Newspaper Excerpt
voluntarily closed ... following slow run on the bank
Source
newspapers
3. July 30, 1930 Suspension
Cause
Government Action
Cause Details
Officers voluntarily closed and allowed the state finance department to take over the bank's affairs.
Newspaper Excerpt
voluntarily closed Wednesday morning the officers of the bank, following slow run
Source
newspapers

Newspaper Articles (4)
1. July 31, 1930 The Kansas City Times Kansas City, MO
Article from The Kansas City Times, July 31, 1930

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Article Text

MO., BANK CLOSED. Slow Run Causes Peoples State to Quit. Service) NEVADA. Mo., July Peoples State Bank at Bronaugh, small village southwest of this place. voluntarily closed this morning following slow run the bank. Its last statement showed capital stock surplus $5,000, deposits $42,989. loans McReynolds was president and Jerry Wilhite. state finance department has been notified. Rearrange Independence Offices. main floor of the Offices the Independence city hall have arranged. which business can be transacted from the main corridor the building have been constructed. The police court has been moved from the main floor to the basement. and rooms vacated have been added to those used by other departments. Slayer of Boys Must Hang. RIVERSIDE. CAL., July Gordon Stewart Northcutt. Canadian youth convicted here February 1929, killing four his Wine ville chicken ranch. today was sentenced hanged at October He has tin prison the prison pending his which was refused

2. August 1, 1930 Southwest Mail and The Weekly Post Nevada, MO
Article from Southwest Mail and The Weekly Post, August 1, 1930

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Article Text

PEOPLES STATE BANK AT BRONAUGH VOLUNTARILY CEASED BUSINESS WEDNESDAY The Peoples State Bank at naugh was voluntarily closed Wednesday morning the officers of the bank, following slow run on the bank which developed pectedly. The president of the bank McReynolds and Jerry Wil. hite the cashier. understood the officers of the bank concluded the best course to pursue under the conditions prevailing simply business and allow the state finance department to take over the bank's affairs. The opinion expressed here that the bank was not in bad condition, though possibly holding some slow paper. telephone message to the Mail and Post by the Bronaugh Journal, says the last statement of the People's State Bank showed deposits of loans on collateral, $66,076.68; real estate, $9,032.75; capital stock, $15,000, and surplus, $5,000. There excitement in Bronaugh over the closing of the bank and there was no hint of anything irregular connection with the bank's affairs.

3. August 7, 1930 The Butler Times-Press Butler, MO
Article from The Butler Times-Press, August 7, 1930

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Article Text

The Peoples State Bank at Bronaugh, a small village southwest of Nevada, voluntarily closed last week following a slow run on the bank. Its last statement showed capital stock $15,000, surplus $5,000, deposits $42,989, loans $85,000. B. F. McReynolds was president and Jerry Wilhite, cashier. The state finance department has been notified.

4. August 7, 1930 The El Dorado Springs Sun El Dorado Springs, MO
Article from The El Dorado Springs Sun, August 7, 1930

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Article Text

Peoples Bank at Bronaugh Closed The Peoples State Bank in this city failed to open for business Thursday. A heavy run of depositors made this action necessary. No particulars are avaialble at this time. It is generlly believed that the depositors will be paid one hundred cents on the dollar.Bronaugh Journal.