8908. Bank of Centralia (Centralia, MO)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
state
Start Date
March 1, 1930*
Location
Centralia, Missouri (39.210, -92.138)

Metadata

Model
gpt-5-mini
Short Digest
779dc9ea84fe9ee5

Response Measures

None

Description

Newspaper accounts (Mar 25, 1930) describe a panic/withdrawal around the Bank of Centralia when the bank 'closed' and depositors rushed for funds; by 1933 the bank is described as in liquidation since March 1930. This indicates a run that led to suspension/closure and liquidation. OCR errors in Article 1 (garbled phrases) were corrected when extracting key facts (e.g., 'Bank Centralia' -> 'Bank of Centralia').

Events (2)

1. March 1, 1930* Receivership
Newspaper Excerpt
the Bank of Centralia now being ... deputy been engaged liquidation this bank since March 1930 . (Columbia Missourian, 1933-11-09)
Source
newspapers
2. March 24, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Depositors rushed to withdraw after the bank's doors were reported closed/failed; accounts of frightened depositors and refusals to cash drafts indicate an insolvency/panic tied to the bank's failure.
Measures
Other Columbia banks sent funds (Columbia bank rushed to Centralia with over $50,000) to assist and depositors moved money to First National.
Newspaper Excerpt
the closing failure the doors the Bank Centralia yesterday ... hurry to their banks the rather The closing failure the doors the Bank Centralia yesterday
Source
newspapers

Newspaper Articles (2)

Article from Columbia Daily Tribune, March 25, 1930

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Article Text

Seethed With Centralia Closing Spread. COLUMBIA HELPS Bank Sends Over Local to First Na$50,000 of Centralia. tional failure of the Bank News the spread like wild fire Centralia city yesterday the morning of June not since when Centralia struck night before cyclone were killed several persons destroyed has the such excitement there Centralia. fortunes were swept away Family of the closing the the chaos Comfortable competences aged couples, deposits widows, firms and individuals bebusiness memories and happiness and became Women and the despair. hearts men the knowthat all had been wiped out. ledge bank failure not other in any confidence in though may city Rock Gibraltar the always depositors there are and hurry to their become their money banks the rather The closing failure the doors the Bank Centralia yesterday the excitable banks the their balances One told of thrifty had saved $1500 and farmer deposited in another Cenbank. demanded tralia The president attempted money with He was reason He durate sured there was risk in leaving money deposit and the president told him that such crisis that the bank would need all its available farmer still insisted. The banker told him that would not give him the that give him draft the Louis correspondwhich offer. with excitement would satisfied any reasonable farmer demanded the draft and went bank and cash was refused the that in such on crisis the would need all Officers Columbia bank held phone National Bank Centralia there reason, excitement possibilities tht the closing the of Centralia might this bank. the lumbia rushed Cenwith to over $50,000 and deposited in the First The money accompanied deputy sheriff and three officers of the Columbia bank in an automobile


Article from Columbia Missourian, November 9, 1933

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Article Text

NICHOLS PAROLE Pleads Guilty to Dealing Blow Causing Griffith Stone's Death Earl Nichols pleaded guilty this morning County Circuit Court striking Griffith Stone with his causing death. He was paroled Judge Dinwiddie. Dr. Neal, professor the University, testified preliminary hearing that there was evidence that Stone struck with anything other than Roberts, that he Nichols run Stone strike twice the head when Stone attempted fight between Elmer Nevins and Charles Powers. He also stated he saw Stone the floor after receiving the blows. Howard Major, attorney, and two former employers Nichols testified character. Judge Dinwiddie paroled Nichols dition he abstain from intoxicating beverages that family when he went Nichols agreed Jess Edwards, Negro, pleaded guilassaulting Gene Gray, Negro, sentenced gun two the penitentiary. Ed. years wards under suspended jail sentence another shooting when fired Gray. Gray's wounds minor nature and he recovered. William administrator the estate Arthur Cox, fatally injured while his duties switchman for the Alton Railroad settled damage suit Company, outside court $1000 The plainsought to collect $35,originally court approved the auction netting the estate the Bank of Centralia now being interests of bank Greenlee, special depositors. finance, deputy been engaged liquidation this bank since March 1930. Wins Cornhusking WEST Neb., walked off with championship honors the tenth national contest here towhen Sherman Henriksen Harry Brown, Nebraska contestants, placed first and second. Hartley Hearing Set for Tuesday ley, charged with the sale of liquors the Ninth and Elm streets, will clock before William Tandy,