8867. Bank of Brookfield (Brookfield, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 5, 1895
Location
Brookfield, Missouri (39.784, -93.074)

Metadata

Model
gpt-5-mini
Short Digest
020937f2765d030f

Response Measures

None

Description

Contemporary reports (Jan 1895) state the Bank of Brookfield 'assigned' to named assignees/receivers because deposits fell off and the bank was doing business at a loss. No run or depositor panic is described; a receiver/assignees were appointed and the bank closed. I infer 'state' bank from the simple name and small capital stock, but type is not explicit in the articles.

Events (1)
1. January 5, 1895 Suspension
Cause
Voluntary Liquidation
Cause Details
Deposits fell off until the bank was doing business at a loss; management made an assignment to assignees/receivers.
Newspaper Excerpt
The bank of Brookfield, capital stock $10,000, assigned this morning to Colonel J. A. Arbuthnot and W. L. Laing.
Source
newspapers

Newspaper Articles (4)
1. January 6, 1895 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 6, 1895

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Article Text

THEIR DEPOSITS WERE SHY. Bank at Brookfield, Missouri, Forced to Make an Assignment. Brookfield, Mo., Jan. 5.-The bank of Brookfield, capital stock $10,000, assigned this morning to Colonel J. A. Arbuthnot and W. L. Laing. Judge Ford, cashier of the bank, states that the assets are far above the liabilities and that every dollar will be paid. He states that deposits had fallen off until the bank was doing business at a loss, consequently they assigned.

2. January 8, 1895 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, January 8, 1895

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Article Text

A Brookfield Bank Closed. BROOKFIELD, Mo., Jan. 7.-The bank of Brookfield, capital stock $10,000, assigned Saturday to J. A. Arbuthnot and J. L. Luing.

3. January 9, 1895 The Guthrie Daily Leader Guthrie, OK
Article from The Guthrie Daily Leader, January 9, 1895

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Article Text

n Brookneld Bank Closed. BROOKFIELD, Mo., Jan. 7.-The bank of Brookfield, capital stock $10,000, assigned Saturday to J. A. Arbuthnot and J. L. Luing.

4. January 12, 1895 Baxter Springs News Baxter Springs, KS
Article from Baxter Springs News, January 12, 1895

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Article Text

A Brookfield Ban C Closed. BROOKFIELD, Mo., Jan. 7.-The bank of B:ookfield, capital stock $10,000, assigned Saturday to J. A. Arbuth"not and J. L Luing.