9589. Bank of Sturgeon (Sturgeon, MO)

Bank Information

Episode Type
Suspension โ†’ Reopening
Bank Type
state
Start Date
January 6, 1931
Location
Sturgeon, Missouri (39.234, -92.281)

Metadata

Model
gpt-5-mini
Short Digest
6eb7633cc13486e5

Response Measures

None

Description

Newspaper articles (Jan 6โ€“7, 1931) report the Bank of Sturgeon had closed/suspended (closed 'yesterday afternoon' in the Jan 7 piece) and that depositors (about 400) met to sign over deposits and arrange reopening under local management. The accounts describe a suspension and an active effort to reopen rather than an explicit prior depositor run or permanent failure. The immediate cause of the suspension is not stated in the excerpts (OCR errors present).

Events (1)

1. January 6, 1931 Suspension
Cause Details
Article excerpts do not state a clear trigger for the closure/suspension; simply report the bank 'closed' and is 'defunct' with depositors meeting to arrange reopening.
Newspaper Excerpt
About 400 persons, most of them the Sturgeon which closed yesterday afternoon ... the plan for assigning their deposits ... to reopen the bank
Source
newspapers

Newspaper Articles (2)

Article from Columbia Missourian, January 6, 1931

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Article Text

DEPOSITORS SIGN OVER BANK FUNDS 400 Attend Meeting to Seek Reopening at Sturgeon More than 400 were cured meeting depositors the defunct Bank Sturgeon Sturgeon afternoon called for the purpose initiating toward opening the bank under local estimated the bank between 800 and 900 depositors. Should sufficient signatures depositors their deposits over the forestall possible run be the bank will be reopened under the management Murgeon weeks required secure an expression from the maining Bolivia Elects New President LA Bolivia, Daniel unopposed polls, elected President Bolivia in the national elections Watch the Wind Today marks link Today timer's" weather cycle, ranking importance with "ground day" days signs. known Christmas Day America Twelfth Night Europe. Around day have omens are said numerous the weather for the next regulate One popular that weather on regulate the weather for the the month. Likewise the weather for March will correspond the be regulated by the and April weather the eighth. important to watch the way blows because the prevailing wind the month will corresthe direction that pond that will not blows direction for than hours


Article from Columbia Daily Tribune, January 7, 1931

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Article Text

Bank Depositors Meet at Sturgeon Yesterday About 400 persons, most them the Sturwhich closed yesterday afternoon the high school the plan for assigntheir to the insuring and probability the bank within the next two Don Cater presided the meeting Many the spoke including Omar Gray Lightner Columbia. Sames Centralia and Sturgeon citizens The that large majority the depositors assign their deposits to the bank.