9605. First National Bank (Versailles, MO)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
national
Bank ID
13367
Charter Number
13367
Start Date
October 15, 1931
Location
Versailles, Missouri (38.431, -92.841)

Metadata

Model
gpt-5-mini
Short Digest
1a901d55e90c7ce5

Response Measures

Public signal of financial health, Full suspension

Receivership Details

Depositor recovery rate
44.8%
Date receivership started
1931-10-16
Date receivership terminated
1937-09-30
Share of assets assessed as good
22.2%
Share of assets assessed as doubtful
61.9%
Share of assets assessed as worthless
15.8%

Description

Article (Oct 15, 1931) reports steady withdrawals and that the board closed the bank; plans to reopen. A later article (Feb 21, 1933) states the bank suspended business in 1931 and paid dividends in 1932 and 1933, confirming reopening and solvency. Dates corrected/normalized from newspaper publication dates.

Events (5)

1. August 15, 1929 Chartered
Source
historical_nic
2. October 15, 1931 Run
Cause Details
Steady withdrawals (a depositor run) prompted closure; article does not attribute withdrawals to a specific rumor or correspondent failure
Measures
Board of directors ordered the bank closed; plans made to reopen soon
Newspaper Excerpt
First National Bank of Versailles was closed by order of the board of directors today ... Steady withdrawals the reason for closing
Source
newspapers
3. October 15, 1931 Suspension
Cause Details
Closed by board of directors due to steady withdrawals (run)
Newspaper Excerpt
First National Bank of Versailles was closed by order of the board of directors today ... Plans are under way reopening the bank soon and officials of the bank say there will be no loss
Source
newspapers
4. October 16, 1931 Receivership
Source
historical_nic
5. February 21, 1933 Reopening
Newspaper Excerpt
The bank, which suspended business in 1931, paid 20 per cent dividend last August. BANK PAYS DIVIDEND. VERSAILLES. MO., Feb. ... First National bank here announced Tuesday by W. Hanna, The bank, which suspended business in 1931, paid 20 per cent dividend last August.
Source
newspapers

Newspaper Articles (2)

Article from The Kansas City Star, October 15, 1931

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Article Text

developed from the constant bombardment victim's body by alpha particles emanating from the radium stored in the bones, he plained This suggests methods for producing cancer But more important it suggests that, since very small of radium taken into the bodies of the watch dial painters quickly produced cancers, the other forms of cancer in man may be the result much smaller amounts of radioactive present in the body over much longer of time These be too small to measure or even to detect by present Getting tired of waiting for the rabbit the Bob Cat had come to look for him. "What have you in that basket?" snarled the Bob "Carrots! Nothing but carrots answered Uncle Wiggily politely "Take look and see for yourself, he invited, raising the cover. And no sooner had he done that than something alive jumped out of the basket. the Bob Cat on the and cried "Boo!" ran the Bob Cat frightened by Uncle Wiggily's surprise basket Oh, you want know who jumped out, do you? Well, was Baby Bunty She had happened and, seeing the empty basket she filled it with and then in herself, she fell asleep But she in time jump out and surprise the Bob Cat. Tomorrow Uncle Wiggily and Kittie's Piece. RUN CLOSES BRUNSWICK BANK. A Depository at Versailles, Mo., Also Fails Open. (By BRUNSWICK Mo., Oct. National Bank here failed open today the fourth Chariton County bank to since September 23, when the of Brunswick failed here. First National Bank had of $388,207.11 and deposits of $249,626.03 Steady withdrawals the reason for closing Plans are under way reopening the bank soon and officials of the bank say there will be no loss VERSAILLES Mo. Oct. First National Bank of Versailles was "closed by order of the board of directors today W Buell was president and Beatrice Sherill cashier CHICAGO SCHOOLS AT CRISIS. Teachers, Unpaid. Talk Move to Close Them November CHICAGO Oct Side school teachers, after told today their chances of getting financial relief through bond issues were small, referred to committee proposal that the city's schools be closed November for money. The proposal to close the schools was put forward by Clyde A. Crowley, teacher, who said that the North Side teachers already had the plan under consideration. By closing the schools, Crowley said, Chicago's citizenry would made to realize more fully the plight of the teachers who have not received any pay for several months.


Article from Kansas City Journal, February 21, 1933

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Article Text

BANK PAYS DIVIDEND. VERSAILLES. MO., Feb. of 12ยฝ per cent dividend by the First National bank here announced Tuesday by W. Hanna, The bank, which suspended business in 1931. paid 20 per .cent dividend last August.