Multiple contemporaneous newspapers report directors closed the bank and placed it in the hands of the Comptroller of the Currency after a federal examiner disclosed a $9,000–$10,000 shortage and the cashier (E. B. 'Jack' Brasher) committed suicide. No explicit run is reported; directors closed the bank and turned it over to the federal regulator, indicating a suspension with receivership/closure. OCR errors in some copies (e.g., truncated phrases); corrected cashier initials to E. B. Brasher.
Events (1)
1.January 29, 1925Suspension
Cause
Bank Specific Adverse Info
Cause Details
Federal examiner found booking discrepancies (shortage of about $9,000–$10,000) and the bank's cashier committed suicide; directors voted to close and place the bank in hands of the Comptroller of the Currency.
Newspaper Excerpt
Excelsior First National Bank of Excelsior Springs ... has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors.
Source
newspapers
Newspaper Articles (9)
1.January 29, 1925The Sarcoxie RecordSarcoxie, MO
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Article Text
CLOSE BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, E. (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors. Beth M. Meservey, president of the bank, admitted the examiner had confronted the directors with shortage. Mr. Meservey referred to the shortage "booking discrepancies which amount to $9,000 or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. "We could have opened the bank," Mr. Meservey said. "But it would have meant an endless chain of loans to stave off heavy run eventually. Heavy interest charges would have resulted. finally voted to close the bank, especially when we discovered the examiner desired
2.January 29, 1925Skidmore NewsSkidmore, MO
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Article Text
CLOSE BANK
Federal Examiner Finds Shortage Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First NaBank of Excelsior Springs, tional whose cashier, (Jack) Brashel) suicide recently has been committed closed. institution has been placed in The the comptroller of curthe hands of the board of direcby order of rency tors. Beth Meservey. president of the bank, admitted the examiner had confronted the directors shortage. referred to the shortage Mr. Meservey discrepancies which as "booking amount to $9,000 or $10,000." said he and other The president officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. could have opened the said. it would Meservey endless chain of loans have meant an off heavy run eventually. stave charges would have Heavy interest voted to close the resulted. We finally when discovered bank, especially examiner desired the
DIRECTORS CLOSE A BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, E. B. (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the of currency by order of the board of directors. Beth M. Meservey, president of the bank, admitted the examiner had confronted the directors with shortage. Mr. Meservey referred to the shortage "booking discrepancies which as amount to $9,000 or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had disclosed by the examiner. "We could have opened the bank," Mr. Meservey said. "But it would have meant an endless chain of loans stave off heavy run eventually. Heavy interest charges would have resulted. We finally voted to close the bank, especially when we discovered the examiner desired
4.January 29, 1925The Canton PilotCanton, KS
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Article Text
DIRECTORS CLOSE BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors.
Beth M. Meservey, president of the bank, admitted the examiner had confronted the directors with shortage. Mr. Meservey referred to the shortage as "booking discrepancies which amount to or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock the morning after the shortage had been disclosed by the examiner. could have opened the bank," Mr. Meservey said. "But it would have meant an endless chain of loans stave off heavy run eventually. Heavy interest charges would have resulted. We finally voted to close the bank, especially when we discovered the examiner desired
5.January 29, 1925Urich Herald-Montrose TidingsClinton, MO
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Article Text
DIRECTORS CLOSE A BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, E. B. (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors. Beth M. Meservey, president of the bank, admitted the examiner had confronted. the directors with shortage. Mr. Meservey referred to the shortage as "booking discrepancies which amount to $9,000 or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. could have opened the bank," Mr. Meservey said. "But It would have meant an endless chain of loans to stave off heavy run eventually. Heavy interest charges would have resulted. We finally voted to close the bank, especially when discovered the examiner desired
6.January 29, 1925Adrian JournalAdrian, MO
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Article Text
DIRECTORS CLOSE A BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, E. B. (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors Beth M. Meservey, president of the bank, admitted the examiner had fronted the directors with shortage. Mr. Meservey referred the shortage as "booking discrepancies which amount to $9,000 or $10,000." The said he and other officials of the on the affairs of the until o'clock the morning after the shortage had been disclosed by the examiner. could opened the bank," Mr. Meservey said. "But it would have meant an endless chain of loans stave off heavy eventually. Heavy interest charges would have resulted. We finally voted to close bank, especially when discovered the examiner desired
7.January 30, 1925Easton TranscriptEaston, KS
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Article Text
A BANK CLOSE DIRECTORS
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First Na tional Bank of Excelsior Springs whose cashier, E. B. (Jack) Brasher committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors. Beth M. Meservey, president of the bank, admitted the examiner had confronted the directors with shortage. Mr. Meservey referred to the shortage which discrepancies "booking as amount to or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. could have opened the bank," Mr. Meservey said. "But it would have meant an endless chain of loans to stave off heavy run eventually. Heavy interest charges would have resulted. We finally voted to 'close the bank, especially when we discovered the examiner desired
8.January 30, 1925The Liberal NewsLiberal, MO
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Article Text
DIRECTORS CLOSE BANK
Federal Examiner Finds Shortage in Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs, whose cashier, E. B. (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors. Beth M. Meservey, president of the bank, admitted the examiner had confronted the directors with shortage. Mr. Meservey referred to the shortage as "booking discrepancies which amount to $9,000 or $10,000." The president said he and other officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. "We could have opened the Mr. Meservey said. "But would have meant an endless chain of loans to stave off heavy run eventually. Heavy interest charges would have resulted. We finally voted to close the bank, especially when we discovered the examiner desired
9.January 30, 1925The Mooreland LeaderMooreland, OK
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Article Text
DIRECTORS CLOSE A BANK
Federal Examiner Finds Shortage Excelsior Springs Institution Whose Cashier Committed Suicide.
Excelsior First National Bank of Excelsior Springs. whose cashier, (Jack) Brasher, committed suicide recently has been closed. The institution has been placed in the hands of the comptroller of currency by order of the board of directors. Beth Meservey, president of the bank, admitted the examiner had confronted directors with shortage. referred to the shortage Meservey "booking discrepancies which amount to $9,000 or $10,000." The said he and other president officials of the bank conferred on the affairs of the bank until o'clock in the morning after the shortage had been disclosed by the examiner. could have opened the bank," said. "But it would Mr. Meservey have meant an endless chain of loans to stave heavy eventually. interest charges would have Heavy resulted. We finally voted to close the bank, especially when discovered the examiner desired
