9237. Bank of Miller (Miller, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
October 18, 1928
Location
Miller, Missouri (37.216, -93.841)

Metadata

Model
gpt-5-mini
Short Digest
7e264beb7b8e8aed

Response Measures

None

Description

Newspaper accounts (1928) report a run on the Bank of Miller and directors closing the bank and asking the state finance department to take charge. Later (1932) references show the bank remained in liquidation with asset sales and dividends—indicating permanent closure/receivership. OCR corrected punctuation in dollar figures; no indication the bank reopened.

Events (4)
1. October 18, 1928 Receivership
Newspaper Excerpt
directors asking the state finance department to take charge.
Source
newspapers
2. October 18, 1928 Run
Cause
Bank Specific Adverse Info
Cause Details
Bank was reported in a very poor condition and unable to withstand withdrawals, prompting depositors to run.
Measures
Directors held a meeting and decided to close the bank; asked the state finance department to take charge.
Newspaper Excerpt
It was reported here that there was run on the bank and it being in a very poor condition to stand a run at this time
Source
newspapers
3. October 18, 1928 Suspension
Cause
Government Action
Cause Details
Directors closed the bank and asked the state finance department to take charge, effectively suspending operations.
Newspaper Excerpt
The Bank of Miller in Lawrence County closed its doors Thursday, the directors asking the state finance department to take charge.
Source
newspapers
4. March 25, 1932 Other
Newspaper Excerpt
Mr. Cahill will sell the remaining assets of the Bank of Miller, which so far has paid 20 percent dividends to depositors, at m., on March 30, at Miller.
Source
newspapers

Newspaper Articles (2)
1. October 18, 1928 Golden City Herald Golden City, MO
Article from Golden City Herald, October 18, 1928

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Article Text

Bank of Miller Closed The Bank of Miller in Lawrence County closed its doors Thursday, the directors asking the state finance department to take charge. It was reported here that there was run on the bank and it being in a very poor condition to stand a run at this time, meeting of the directors was held and the decision to close the bank was made. The bank's last report showed loans totaling $172.153.12; deposits of $164,000: capital, $25,000; surplus, nothing and total resources. George Swearingen is president and F. A. Gibbons is cashier of the institution. It is the only bank in Miller.

2. March 25, 1932 The Springfield News-Leader Springfield, MO
Article from The Springfield News-Leader, March 25, 1932

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Article Text

Third Dividend To Be Paid Soon By Closed Bank Following court order by Circuit Judge Charles A. Hendricks of Stockton, the Bank of Greenfield, which closed its doors four years ago, will soon pay 15 percent dividend to its depositors. E. Cahill, regional officer in charge of state bank liquidations, said here yesterday that payment of the dividend awaits only the arrival of the checks and the performance of the necessary clerical work. It is the third dividend paid by the bank. The first was for 50 percent, and the second for 20 percent, bringing the new total to percent. Mr. Cahill expects the Bank of Greenfield ultimately will pay out better than any other in his experience as bank receiver. The Texas County bank at Houston, which paid out 89 percent, is the record so far. Mr. Cahill will sell the remaining assets of the Bank of Miller, which so far has paid 20 percent dividends to depositors, at m., on March 30, at Miller. The remaining assets of the Bank of Bradleyville, which so far has paid nothing to its depositors, will be sold at Forsyth m., on April