9288. Pattonsburg Savings Bank (Pattonsburg, MO)

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
savings bank
Start Date
March 15, 1926
Location
Pattonsburg, Missouri (40.075, -94.102)

Metadata

Model
gpt-5-mini
Short Digest
928f5e0f4d7abae7

Response Measures

None

Description

Contemporary articles report a run and steady withdrawals that led to the bank being placed in the hands of the State Finance Commission (closure/suspension) around March 15, 1926; a later April 28, 1926 notice reports the Pattonsburg Savings Bank has been re-opened. OCR errors in Article 1 were corrected (e.g., truncated phrases). The immediate trigger of the run is not specified in the articles, so cause is marked as 'other.'

Events (3)
1. March 15, 1926 Run
Cause Details
Steady withdrawals and a recent run on the bank are cited; no specific rumor, misstatement, or bank-specific scandal identified.
Measures
None specifed beyond bank subsequently being placed in hands of State Finance Commission (closure).
Newspaper Excerpt
steady withdrawal of accounts had been under the of the Farmers' Exchange Bank March ... the closing was voluntary on the part of the bank and is laid to the recent run on the bank
Source
newspapers
2. March 15, 1926 Suspension
Cause Details
Bank was placed in the hands of the State Finance Commission following steady withdrawals and a run; described as voluntary closing on the part of the bank.
Newspaper Excerpt
The Pattonsburg Savings Bank ... was placed in the hands of the State Finance. Commission morning.
Source
newspapers
3. April 28, 1926 Reopening
Newspaper Excerpt
Pattonsburg Savings Bank which closed short time has been re-opened for business.
Source
newspapers

Newspaper Articles (2)
1. March 16, 1926 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, March 16, 1926

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Article Text

STEADY RUN CLOSES PATTONSBURG, MO., BANK GALLATIN, MO., March 15.-The Pattonsburg Savings Bank of Pattonsburg, Mo., eighteen miles northwest of here, was placed in the hands of the State Finance. Commission morning. steady withdrawal of accounts had been under the of the Farmers' Exchange Bank March and the two banks Jameson, Mo., week. According to ports the closing was voluntary on the part of the bank and is laid to the recent run on the bank, other Daviess County banks R. E. Maupin was president and his son, R. Maupin, was cashier. B. McDonald resigned as cashfor of the bank last With the closing the PattonsSavings Bank, with capital of $20,000, surplus and undivided profits amounting $65, Daviess County now has but seven banks, one in Gallatin, in Winston, one at Jamesport, two at Cofone at Locksprings and the remaining bank at the Daviess County Bank Baker Requisition CITY, MO., March 15,-Gov. today the requisition of the Governor of IIII. nois for of Isaac Land reth under arrest at Lexington, the state, and wanted at Louisville, Clay County, charge of forging for $80 and checks for amounts. ILL., March 15.The first fatality from autos in 1926 here was recorded yesterday when Paul Rothenberger, darted front of car driven by Dr. H. H. Turner and was instantly killed.

2. April 28, 1926 The Braymer Bee Braymer, MO
Article from The Braymer Bee, April 28, 1926

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Article Text

Stet High School Play On Friday May the Senior Class the High School will present the comedy Full The that school habit things and enthusiastically doubt Starr arrived Tuesday from the Norborne country where called by the death eldest Mrs. last Thursday and The deceased was the the Brock family, and had life the Norborne where she widely known and was spected. Hudspeth, Sibley, Friday evening while meeting the Board of Trustees the Christian Church at that place. He was 77 years Mr. Hudspeth famous huntsmen and many who are the fox hounds and sports of the chase remember him kindly. weather last Saturday productive large crowd often the case with advertising, the Skinner place of business, but the Oliver plow at the interest and inquiries before the detrimental the weather and since, have made amends for that day expected to have another ciferous demand for one of our daily half column in (the other day) of doleful stuff about weather are to have for the next years. That ordinarily increases the demand for the paper. and John Etherton drove from St. Louis, arriving Wednesday of last week, and they expect to leave tomorrow the return trip. John has been working in the city since last fall and his family will return with him to make that their home, for the present at least. Heavener was in town terday, calling at The Bee office apparently in good health. We recall few years ago his desperate illness, and couldn't refrain from commenting on the gratifying Perfection Oil Stove demonstration being advertised the Braymer Hardware Saturday of this week. factory representative will be there to instruct users of the Perfection in the way to get best results. Woolsey who submitmajor surgical operation at Joseph two weeks ago, was brought on the afternoon train Monday. She was much fatigued from the trip, but is improving. Pattonsburg Savings Bank which closed short time has been re-opened for business. the first of the Daviess County banks to everybody will be glad things begin to iron out in that county. Verna Thompson has been employed to teach the Maple Grove School the coming year where she has just closed successful year. Miss Hildred will teach at the Green Grove school. son of James Thompson, reports the killing of an old wolf and six young ones last week. Divelbiss was Chillivisitor last Thursday.