9056. Peoples Bank (Jerico Springs, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
March 16, 1929
Location
Jerico Springs, Missouri (37.622, -94.009)

Metadata

Model
gpt-5-mini
Short Digest
bc332c8271876b60

Response Measures

None

Description

Multiple articles (March 1929) report a run on The People's (Peoples) Bank of Jerico Springs that had been in progress for several days; directors closed the bank and the State Finance Commissioner/examiner took charge. Closure appears permanent (assigned examiner/receiver), so classified as run leading to suspension and closure.

Events (3)
1. March 16, 1929 Receivership
Newspaper Excerpt
The State Finance Commissioner sent Examiner D. B. Reist to take charge. A bank examiner is in charge. The People's Bank of Jerico Springs was closed by an order from the State Finance Commissioner last Saturday.
Source
newspapers
2. March 16, 1929 Run
Cause Details
Unspecified sustained withdrawals; articles note a run 'in progress for several days' but give no trigger.
Measures
Directors closed the bank; State Finance Commissioner sent an examiner to take charge.
Newspaper Excerpt
The People's Bank of Jerico Springs ... was closed by the directors today because of a run that had been in progress several days.
Source
newspapers
3. March 16, 1929 Suspension
Cause Details
Bank closed by directors/State Finance Commissioner following the multi-day run; examiner placed in charge.
Newspaper Excerpt
The People's Bank of Jerico Springs ... was closed by the directors today. The State Finance Commissioner sent Examiner D. B. Reist to take charge.
Source
newspapers

Newspaper Articles (3)
1. March 18, 1929 Butler Daily Democrat Butler, MO
Article from Butler Daily Democrat, March 18, 1929

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Article Text

Run Closes Jerico Springs Bank Jefferson City, Mo., March 16.The People's Bank of Jerico Springs, Cedar County, was closed by the directors today because of a run that had been in progress several days. The State Finance Commissioner sent Examiner D. B. Reist to take charge. The president of the bank is W. T. Long and the cashier is E. F. Peer. This is the sixth bank failure of the year. Like all of the others, it is a comparatively small institution.

2. March 21, 1929 Cedar County Republican and Stockton Journal Stockton, MO
Article from Cedar County Republican and Stockton Journal, March 21, 1929

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Article Text

JERICO SPRINGS BANK CLOSED The People's Bank of Jerico Springs was closed by an order from the State Finance Commissioner last Saturday. A bank examiner ig in charge. It is said that a run on the bank had been in progress for several days. W. T. Long is president of the bank and E. F. Peer is cashier. The last statement issued on November 15, 1928 showed the following: Loans, $64.700; real estate owned. $10,000; stocks owned, $11,600; cash on hands and due from other banks, $6.500; bills payable, $15.000; capital, $20,000: surplus, $4,000; total redeposits, sources, $93,438.28.

3. March 21, 1929 Bates County Democrat Butler, MO
Article from Bates County Democrat, March 21, 1929

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Article Text

Run Closes Jerico Springs Bank Jefferson City, Mo., March 16.The People's Bank of Jerico Springs, Cedar County, was closed by the directors today because of a run that had been in progress several days.