9281. Citizens State Bank (Osceola, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
state
Start Date
February 13, 1931
Location
Osceola, Missouri (38.047, -93.704)

Metadata

Model
gpt-5-mini
Short Digest
6ac43770328c9239

Response Measures

None

Description

Newspaper accounts (Feb 1931) state the Citizens State Bank of Osceola closed after constant/steady withdrawals. No reopening is mentioned; closure is reported as a failure. No explicit receiver named in the excerpts. Dates inferred from publication: articles dated Feb 14–15, 1931 report the bank closed 'yesterday' or 'Friday' — event dated 1931-02-13 as the most likely closure date.

Events (2)

1. February 13, 1931 Run
Cause Details
Constant/steady withdrawals (bank run) that drained the bank's funds; articles do not attribute these to a specific rumor or correspondent failure.
Newspaper Excerpt
Constant withdrawals were blamed the failure of the Citizens State Bank Osceola which closed yesterday.
Source
newspapers
2. February 13, 1931 Suspension
Cause Details
Bank closed (failed) due to continuous withdrawals; reported loans and capital figures given but no mention of reopening or receiver.
Newspaper Excerpt
Heavy Withdrawals Close Osceola Bank ... the failure of the Citizens State Bank Osceola which closed yesterday.
Source
newspapers

Newspaper Articles (2)

Article from The Boonville Daily News, February 14, 1931

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Article Text

Heavy Withdrawals Close Osceola Bank Jefferson City, Feb. Constant withdrawals were blamed the failure of the Citizens State Bank Osceola which closed terday. bank reported loans total $170,253 capital stock $10.000.


Article from Blackwell Journal-Tribune, February 15, 1931

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Article Text

Would Have Access ficials would given access income tax returns bill troduced today by Representative Garber, The measure would allow proper authorperson abstract thereof showing the name and income "Run" Closes Bank JEFFERSON Feb. steady withdrawal funds." directors of the citizens' bank of Osceola. St. county, Friday closed the institution. The bank had deposits