8961. Interstate Bank (Drexel, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
November 1, 1932*
Location
Drexel, Missouri (38.479, -94.609)

Metadata

Model
gpt-5-mini
Short Digest
aabdc031e1e0f147

Response Measures

None

Description

Articles state the Interstate Bank of Drexel closed in November 1932 and was in liquidation/defunct by mid-1933 with preferred claims and examiner/receiver activity. No contemporaneous run or depositor run is described. Closure appears permanent with receivership/liquidation.

Events (2)
1. November 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank closed in November 1932 and entered liquidation/was defunct; county later filed preferred claim against the defunct Interstate Bank; closure led to examiner and liquidation proceedings.
Newspaper Excerpt
When this bank closed November 1932, was Cass County depository.
Source
newspapers
2. * Receivership
Newspaper Excerpt
When that bank closed for liquidation Mr. Adams assisted the examiner in his check before turning the institution over to the Messenger.
Source
newspapers

Newspaper Articles (2)
1. August 17, 1933 The Cass County News Pleasant Hill, MO
Article from The Cass County News, August 17, 1933

Click image to open full size in new tab

Article Text

IS NOW PREFERRED CLAIM Judge Leslie Bruce, in short session of circuit court Wednesday, ordered that Cass County's claim of against the defunct InterState Bank of Drexel, be allowed preferred claim, to be paid rotably other claims. When this bank closed November 1932, was Cass Coundepository. Now the county will have better opportunity to collect all or the major portion its money, depending upon how much money remaining after the bank dated. M. Anderson and R. Nichols represented the county, the state finance being represented by George R. Chamberlin of Harrisonville, who says he will file motion soon for new trial, which the first step in appealing to higher Democrat.

2. August 25, 1933 Butler Daily Democrat Butler, MO
Article from Butler Daily Democrat, August 25, 1933

Click image to open full size in new tab

Article Text

Named Bank Receiver Walter Adams received a telegram from Washington Wednesday evening instructing him to go to Seymour, Mo., to take charge Thursday noon of the national bank at that place now in the process of liquidation. Mr. Adams has many friends here who will be glad to hear of his appointment. He is well versed in the banking business having served in the old Commercial bank here for number of years before going to Drexel where he spent several years in the Interstate Bank. When that bank closed for liquidation Mr. Adams assisted the examiner in his check before turning the institution over to the Messenger.