8877. Cooper County Bank (Bunceton, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 29, 1933
Location
Bunceton, Missouri (38.788, -92.799)

Metadata

Model
gpt-5-mini
Short Digest
1b6668d15c76ff81

Response Measures

None

Description

The supplied bank name was Cooper County Bank but the articles clearly refer to the Cooper County State Bank of Bunceton. The bank is described as closed/defunct and in receivership; no run is reported. A receiver is paying a dividend to depositors, indicating permanent closure with a receiver administering assets. Article dates: 1933-09-29 (lawsuit mentioning the defunct bank) and 1933-12-19 (receiver to pay 10% dividend).

Events (3)
1. September 29, 1933 Other
Newspaper Excerpt
The defunct Cooper County State Bank of Bunceton is suing N. Nelson Leonard and other directors for about $90,000 ... bank receivers and the defendants in the suit.
Source
newspapers
2. December 19, 1933 Receivership
Newspaper Excerpt
L. O. Schaumburg, receiver for the defunct Cooper County State Bank at Bunceton, announced today that a 10 per cent dividend ... will be paid to depositors the latter part of this week.
Source
newspapers
3. * Suspension
Cause Details
Bank is closed and in receivership; no run or specific cause for suspension stated in the articles.
Newspaper Excerpt
Closed Bunceton Institution To Pay 10 Percent, Says Receiver.
Source
newspapers

Newspaper Articles (2)
1. September 29, 1933 The Boonville Daily News Boonville, MO
Article from The Boonville Daily News, September 29, 1933

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Article Text

Decision On Bank Suit Is Delayed Fayette (UP)-Circuit court is recessed today while members of the bar attend the association meeting in Kansas City. A case of interest to Cooper countians has been taken under advisement by Judge A. W. Walker. The defunct Cooper County State Bank of Bunceton is suing N. Nelson Leonard and other directors for about $90,000 on notes which the directors signed after the merge 01 the Bank of Bunceton and the Cooper County State Bank. A number of prominent lawyers are representing the bank receivers and the defendants in the suit.

2. December 19, 1933 The Boonville Daily News Boonville, MO
Article from The Boonville Daily News, December 19, 1933

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Article Text

$18,000 TO BE PAID BY BANK SOON Closed Bunceton Institution To Pay 10 Percent, Says Receiver. L. O. Schaumburg, receiver for the defunct Cooper County State Bank at Bunceton, announced today that a 10 per cent dividend, totaling about $18,000 will be paid to depositors the latter part of this week. The dividend will go to about 800 depositors of the closed bank, Receiver Schaumburg said. Application has been filed with the circuit court by Mr. Schaumburg to pay the 10 per cent dividend. The checks are being made out and will be distributed as soon as they are ready. The release of the $18,000 in Bunceton and community is expected to be a decided stimulant to business.