9387. Holland Banking Company (Springfield, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 5, 1927
Location
Springfield, Missouri (37.215, -93.298)

Metadata

Model
gpt-5-mini
Short Digest
6ead02adf9508926

Response Measures

None

Description

The articles describe the Holland Banking Company as defunct and in receivership, with ongoing litigation to collect judgments for the bank's receiver (1932–1933). No articles mention a depositor run or a temporary suspension/resumption; the bank appears to have closed permanently and a receiver is handling claims. I inferred the bank type as 'state' from the company name; the exact suspension/closing date is not given in the texts.

Events (3)
1. September 5, 1927 Other
Newspaper Excerpt
On September 5, 1927, the Holland bank received a judgment for about $97,000 against the Continental National bank of Jackson county, Mo., Kansas City, in the Pettis county circuit court at Sedalia.
Source
newspapers
2. June 5, 1932 Receivership
Newspaper Excerpt
the Holland bank receivership here...the Holland receiver's original suit against the continental National grew out of the fact that the latter institution paid a personal debt of Mr. Sanford with a Holland bank deposit.
Source
newspapers
3. May 3, 1933 Other
Newspaper Excerpt
the defunct Holland Banking company have won seven times will enter court again...attorneys for the Holland bank receiver's right ... to defend the Holland bank receiver's awards.
Source
newspapers

Newspaper Articles (2)
1. June 5, 1932 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, June 5, 1932

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Article Text

COURT JUDGMENT BIG AWARD HOLLAND BANK Cahill Wins Hard-Fought Legal Battle in S. Court Against Stockholders of Continental National Bank tle in federal court at Kansas City ended yesterday with judgment which meant approximately $125,000 to the Holland bank receivership here. The suit had been brought by J. E. Cahill, regional director of closed bank liquidation in the Ozarks, to collect $97,000 judgment obtained in a state court several years ago against the Continental National bank of Kansas City. Interest since the date of judgment has increased the total sum involved to approximately $125,000 WINS IN U. S. COURT The court yesterday afternoon decided the case in favor of Mr. Cahill. Attorneys for the Continental National which has been liquidated voluntarily for some time, attacked the Holand bank's judgment on the grounds that the debt already had been paid by Ed Sanford, former Holland bank president. Mr. Cahill was represented in his determined fight collect the judgment by Ar. thur M. Curtis and John S. Farrington, Orin Patterson and H. G. Leedy of Kansas City. MAY ASK NEW TRIAL The losing side has 10 days in which to file motion for new trial. Attorneys for the Holland bank receiver believe that as result of yesterday's decision former stockholders of the Continental National soon will have to pay the old obligation. The Holland receiver's original suit against the continental National grew out of the fact that the latter institution paid a personal debt of Mr. Sanford with a Holland bank deposit.

2. May 3, 1933 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, May 3, 1933

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Article Text

EIGHTH HEARING IN HOLLAND SUIT Litigation Over $130,000 to Come Up This Mohth in St. Paul Court The case which attorneys for the defunct Holland Banking company have won seven times will enter court again this time at St. Paul, Minn., in the federal court of appeals. rington, Springfield attorneys, will leave for St. Paul May to defend the Holland bank receiver's right wards of Kansas City heads the Фposing On September 5, 1927, the Holland bank received a judgment for about $97 against the Continental National bank of Jackson county. Mo., Kansas City, in the Pettis county circuit court at Sedalia. It was charged that in 1922, E L Sanford personally borrowed $100.000 from the Continental bank to buy additional Holland bank stock, and that the Holland bank paid the debt. The Kansas City attorneys claimed Sanford had paid the Holland bank. When the judgment for the Springfield concern was returned, an appeal was made. Later appeals have been made Mr. Patterson said today that the case had been won twice in the supreme court of the state of Missouri, once in the supreme court of the United States. once in the United States district court of Kansas City, and in the court. of appeals at St. Louis. Each time, the appeal has been made by the Kansas City bank. which had capital stock of $1 000,0000 and paid off $500,000 when it went into voluntary liquidation Interest at six percent for the past six years since the judgment was first returned has increased the amount at stake to about $130,000.