9289. Home Trust Company (Perryville, MO)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
trust
Start Date
February 14, 1931
Location
Perryville, Missouri (37.724, -89.861)

Metadata

Model
gpt-5-mini
Short Digest
63ea6b15b165cb3f

Response Measures

None

Description

Bank closed in February 1931 due to discovered shortage/embezzlement (~$38,400). It was re-opened March 30, 1931 with a new board and officers. Articles do not describe a depositor run; cause of suspension is bank-specific adverse information (shortage/embezzlement).

Events (2)

1. February 14, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovered shortage in accounts of about $38,400; subsequent embezzlement charge against former official (Kiefner).
Newspaper Excerpt
The Home Trust Company of Perryville, closed since February 14 on account of a shortage in the accounts,
Source
newspapers
2. March 30, 1931 Reopening
Newspaper Excerpt
The Home Trust Company of Perryville, closed since February on account of shortage in the accounts, was re-opened for business Monday afternoon, March 30. ... Charles E. Kiefner ... was elected president the institution ... business at the bank has been satisfactory, according the officials, and there has 'run.' The bank, it will be remembered, closed by the old board of directors following the discovery of shortage of $38,400 in the counts. ... Kiefner arrest March 15 charge of bezzlement ... will be brought for trial at the April term of circuit court. (OCR errors corrected in notes.)
Source
newspapers

Newspaper Articles (2)

Article from Perry County Republican, April 2, 1931

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Article Text

HOME TRUST COMPANY RE-OPENS MARCH 30 Kiefner President of New Board. The Home Trust Company of Perryville, closed since February on account of shortage in the accounts, was re-opened for business Monday afternoon. March 30. has fully paid capital stock of $50,000 and surplus of $13,000. Charles E. Kiefner of Perryville, former congressman, was elected president the institution and John Geile acting as temporary secretary. With Geile in the bank are Charles E. Cashion, William Blechle and Miss Cleta Difani assistant secretaries. These appointments, however, are considered temporary. Members of the board of direcelected Monday morning by the stockholders, are as follows; Charles William Huber, Meyer, John Lottes, John Geile, Henry Ochs, Jr., Joseph Lurk, Ferd Bergman and Charles Hunt. The business at the bank has been satisfactory, according the officials, and there has "run." The bank, it will be remembered, closed by the old board of directors following the discovery of shortage of $$38,400 in the counts. Ben Obendorfer was secreat the time and Roy Kiefner and Miss Cleta Difani were assisant secretaries. Kiefner arrestMarch 15 charge of bezzlement signed by John Geile director of the bank and will brought for trial at the April term of circuit court.


Article from The Democrat-News, April 9, 1931

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Article Text

The Home Trust Company of Perryville, closed since February 14 on account of a shortage in the accounts,