Gower Bank - Gower, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: February 24, 1931
Location: Gower, Missouri (39.611, -94.599)

Metadata

Model: gpt-5-mini
Short Digest: 447ed8fd

Response Measures

Full suspension, Books examined

Other: State examiner expected to take charge; bank stated able to pay depositors in full but will not reorganize.

Description

Article (St. Joseph News-Press, 1931-02-25) states Gower Bank failed to open its doors yesterday after a gradual run on the bank. A state bank examiner was expected to take charge; no reorganization expected. Closure appears permanent with examiner/receiver involvement.

Events (3)

1. February 24, 1931 Run

Cause Details: Gradual withdrawals/ run by depositors; no specific trigger or rumor identified in article.
Newspaper Excerpt: A gradual run on the bank was the reason given by Mr. Starks for the closing
Source: newspapers

2. February 24, 1931 Suspension

Cause Details: Bank failed to open following a gradual run; state examiner to take charge and audit the bank.
Newspaper Excerpt: Bank, which failed to open its doors yesterday morning, will be able to pay its depositors in full, according to J. C. Starks, president of the bank.
Source: newspapers

3. February 25, 1931 Other

Newspaper Excerpt: A state bank examiner was expected to take charge today. and until his audit is completed the exact status of the bank's condition will not be known, officers ... said today.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1931 St. Joseph News-Press St. Joseph, MO

Article from St. Joseph News-Press, February 25, 1931

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Article Text

Bank, which failed to open its doors yesterday morning, will be able to pay its depositors in full. accordIng to J. C. Starks, president of the bank. A state bank examiner was expected to take charge today. and until his audit is completed the exact status of the bank's condition will not be known, officers of a St. Joseph bank who did business with the Gower bank said today. This bank owns no interest in the Gower institution. It was stated today A gradual run on the bank was the reason given by Mr. Starks for the closing There frozen loans, he said, but for the most part they are in good shape. No effort is expected to be made to reorganize the bank. The bank has capital stock and surplus of $100,000, which is considered quite a protection to the depositors. Total resources were listed at $482,659.1 which includes loans and discounts of $415,547.52 Deposits of $336,519.27 were listed in statement Dec. 10, but it is be: lieved they less than this figure when the bank closed.