First National Bank (Versailles, MO)

View Charter #13367 on SPMC View balance sheet

Episode Information

Episode UID
1336701582
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
133670 national
Charter Number
13367
Start Date
October 15, 1931
Location
Versailles, Missouri (38.431, -92.841)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
f8def276c59c655c

Response Measures

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

Articles report steady withdrawals and board-ordered closing in Oct 1931 and later receiver actions in 1934.

Events (5)
1. August 15, 1929 Chartered
Source
historical_nic
2. October 15, 1931 Run
Cause
Local Banks
Cause Details
Steady withdrawals following regional bank failures (Brunswick failed Sept. 23), causing a run on the bank
Measures
Plans under way to reopen the bank soon (officials said)
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
Local Banks
Cause Details
Board ordered closing in response to heavy withdrawals/run
Newspaper Excerpt
First National Bank of Versailles was closed by order of the board of directors today
Source
newspapers
4. October 16, 1931 Receivership
Source
historical_nic
5. October 16, 1931 Receivership
Newspaper Excerpt
William L. Koenig, receiver for the closed First National Bank of Versailles, (referenced in later judgments and actions).
Source
newspapers

Newspaper Articles (5)
1. October 15, 1931 The Kansas City Star Kansas City, MO

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.

2. February 21, 1933 Kansas City Journal Kansas City, MO

Article Text

BANK PAYS DIVIDEND. VERSAILLES. MO., Feb. of 12½ 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.

3. November 25, 1934 The Sedalia Democrat Sedalia, MO

Article Text

JUDGMENT FOR BANK RECEIVER Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday. In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000.

4. November 25, 1934 The Sedalia Democrat Sedalia, MO

Article Text

Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday. In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000. Mrs. Fluke's husband, George F. Fluke, who died some time ago, had held $10,000 stock in the bank. He left his bank stock to his widow and two children, who shared it equally. Stockholders were assessed 10 percent to pay any debts. Judge Otis ruled that Mrs. Fluke could be held accountable for the 10 percent assessment on only the $3,333.33 stock she held and was not liable for assessment on the $6,666.67 stock left her children. The bank sought the full $1,000 assessment from her.

5. November 30, 1934 Sedalia Weekly Democrat Sedalia, MO

Article Text

JUDGMENT FOR BANK RECEIVER Judgment for $333.34 was granted William L. Koenig, receiver for the closed First National Bank of Versailles, against Elizabeth Fluke of Boonville in federal court in Jefferson City Friday. In a written opinion, Judge Merrill E. Otis awarded the bank one-third of the $1000 it had sought in the first of two counts, but ruled for the defendant in a second count also asking $1,000. Mrs. Fluke's husband, George F. Fluke, who died some time ago, had held $10,000 stock in the bank. He left his bank stock to his widow and two children, who shared it equally. Stockholders were assessed 10 percent to pay any debts. Judge Otis ruled that Mrs. Fluke could be held accountable for the 10 percent assessment on only the $3,333.33 stock she held and was not liable for assessment on the $6,666.67 stock left her children. The bank sought the full $1,000 assessment from her.