Bank of El Dorado Springs - El Dorado Springs, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 5, 1934
Location: El Dorado Springs, Missouri (37.877, -94.021)

Metadata

Model: gpt-5-mini
Short Digest: 8fcc6aa3

Response Measures

None

Description

Article (Apr 5, 1934) states a state bank examiner is in charge, inventory being made and a receiver will be appointed and affairs liquidated. No run or depositor agitation is mentioned; this is a government action leading to closure/liquidation.

Events (2)

1. April 5, 1934 Receivership

Newspaper Excerpt: As soon as this work is completed, no doubt, a bank receiver will be appointed for that institution and its affairs liquidated. ... it is rumored ... that John S. Pence ... will probably be the receiver placed in charge.
Source: newspapers

2. April 5, 1934 Suspension

Cause: Government Action
Cause Details: State banking department examiner placed in charge to inventory assets and liabilities prior to appointing a receiver and liquidating the bank.
Newspaper Excerpt: John Adamson, of Miller, Mo., an examiner for the state banking department, is now in charge of affairs at the Bank of El Dorado Springs. The examiner is now engaged in making an inventory of the assets and liabilities of that institution.
Source: newspapers

Newspaper Articles (1)

1. April 5, 1934 The El Dorado Springs Sun El Dorado Springs, MO

Article from The El Dorado Springs Sun, April 5, 1934

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Article Text

Bank Examiner in Charge. John Adamson, of Miller, Mo., an examiner for the state banking department, is now in charge of affairs at the Bank of El Dorado Springs. The examiner is now engaged in making an inventory of the assets and liabilities of that institution. As soon as this work is completed, no doubt, a bank receiver will be appionted for that institution and its affairs liquidated. Misses Bess Dove and Sophia Lee Lewis are engaged temporarily in assisting the examiner with this work. It is stated, on good authority, that the last funds deposited in the bank and held in trust by the state finance department, is now available. It will take the remainder of the week for the examiner to make the inventory. It is rumored, inasmuch as he has charge of several banks in this section, that John S. Pence, of Roscoe, will probably be the receiver placed in charge.