Articles (Feb 12 and Feb 17, 1932) report a run on Home Savings Bank in La Belle that caused the bank to be closed for about two weeks while the examiner verified accounts. Examiner found books absolutely straight and lack of cash from withdrawals is cited as the reason it remains closed; reopening is expected but not confirmed in these pieces.
Events (2)
1.January 29, 1932Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed after heavy withdrawals depleted cash; closure described as resulting from run rather than insolvency.
Newspaper Excerpt
The bank examiner from Jefferson City has finished checking up the books in the Home Savings Bank, which has been closed the past two weeks, due to a run on the bank.
Source
newspapers
2.*Run
Cause
Rumor Or Misinformation
Cause Details
Heavy withdrawals/withdrawal panic; examiner found books straight, suggesting run driven by unfounded fears or nervousness rather than insolvency.
Measures
Bank examiner audited books; cashier announced deposit boxes accessible to patrons to remove property.
Newspaper Excerpt
the Home Savings Bank, which has been closed the past two weeks, due to a run on the bank.
Source
newspapers
Newspaper Articles (3)
1.February 12, 1932The La Belle StarLa Belle, MO
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Article Text
HOME SAVINGS BANK.
The bank examiner from Jeffer son City has finished checking up the books in the Home Savings Bank, which has been closed the past two weeks, due to a run on the bank. He has given out the information that the books and all accounts in the bank were found absolutely straight, and that the only thing lacking to re-open the bank is some more cash, made short by withdrawals. From what we can learn we are inclined to think that within a short time the bank will be re-opened. A bank is certainly needed here as it is very unhandy to conduct business without one.
2.February 12, 1932The La Belle StarLa Belle, MO
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Article Text
DEPOSIT BOXES ACCESSIBLE.
Cashier A. D. Thompson, of the Home Savings Bank asked us to say to patrons that deposits boxes are now accessible to patrons and those who desire to remove their property can now do so.
3.February 17, 1932The Palmyra SpectatorPalmyra, MO
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Article Text
LABELLE SAVINGS BANK
The bank examiner from Jefferson City has finished checking up the books in the Home Savings Bank, which has been closed the past two weeks, due to a run on the bank. He has given out the information that the books and all accounts in the bank were found absolutely straight, and that the only thing lacking to re-open the bank is some more cash, made short by withdrawals. From what we can learn we are incined to think that within a short time the bank will be re-opened. A bank is certainly needed here as it is very unhandy to conduct business without one.-LaBelle Star.
