8880. Bates County National Bank (Butler, MO)

View Charter #1843 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1843
Charter Number
1843
Start Date
October 8, 1908
Location
Butler, Missouri (38.259, -94.331)

Metadata

Model
gpt-5-mini
Short Digest
ce8ee6cdd19ef6ca

Response Measures

None

Description

Articles (Oct 1908) report the bank is 'now in the hands of a receiver' after defalcations by former president F. J. Tygard; no run or temporary suspension is described—the bank has a receiver and suits have been filed, indicating permanent closure/receivership.

Events (3)
1. July 6, 1871 Chartered
Source
historical_nic
2. August 1, 1894 Voluntary Liquidation
Source
historical_nic
3. October 8, 1908 Receivership
Newspaper Excerpt
Tygard was formerly president of the bank, now in the hands of a receiver; ... E C. Vandagrift was appointed receiver of the bank
Source
newspapers

Newspaper Articles (2)
1. October 8, 1908 The Butler Weekly Times Butler, MO
Article from The Butler Weekly Times, October 8, 1908

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Article Text

# MASONS NOT BOUND # FOR TYGARD LOANS. Bates County National Bank Loses Suits for Funds Juggled by Defaulter. # REFEREE MAKES REPORT. The Bates County National Bank, Butler, Mo, cannot recover from the Masonic Home of Missouri, located on Delmar boulevard, and the Missouri Grand Commandery, Knights Templar, as the result of defalcations of F. J. Tygard, according to the report of Referee Robert F. Walker, filed in Judge Rule's court. Tygard was formerly president of the bank, now in the hands of a receiver; treasurer of the Masonic Home and also treasurer of the Grand Commandery, Knights Templar. He was sent to the penitentiary at Leavenworth, Kan., as a result of his defalcations. E C. Vandagrift was appointed receiver of the bank, and later filed one suit against the Masonic Home for $8,394 and another against the Grand Commandery for $22,022 88. He alleged that Tygard, while president of the Bates County National Bank, treasurer of the Masonic Home and treasurer of the Grand Commandery, signed notes as treasurer of the Masonic bodies and passed the money to his credit on the books of the bank.

2. October 15, 1908 Morgan County Republican Versailles, MO
Article from Morgan County Republican, October 15, 1908

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Article Text

Bank Cannot Recover From Masons. The Bates County National bank of Butler cannot recover from the Masonic home of Missouri, located in St. Louis, and the Missouri Grand Commandery, Knights Templar, as the result of defalcations of Capt. F. J. Tygard, according to the report of a referee filed in court at St. Louis. Tygard was formerly president of the bank and treasurer of the Masonic home and of the Grand Commandery, Knights Templar. He was sent to the penitentiary at Leavenworth, Kan., as a result of defalcations. E. C. Vandegrift, receiver of the bank, filed one suit against the Masonic home for $8,394 and another against the grand commandery for $22,022.88. He alleged that Tygard signed notes as treasurer of the Masonic bodies and passed the money to his credit in the bank.