Bank of Liberal (Liberal, MO)

Episode Information

Episode UID
5607216891533
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
560721689 hash
Start Date
September 11, 1927
Location
Liberal, Missouri (37.558, -94.520)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
740bf6f9fab65eb8

Response Measures

None

Description

The articles describe two separate episodes (1927 and 1932); the 1932 episode involves a run and a mayor-ordered moratorium followed by a reopening.

Events (5)
1. September 11, 1927 Run
Cause
Rumor Or Misinformation
Cause Details
Rumors of insolvency and heavy withdrawals led to expectations of a run.
Measures
Directors decided not to open the bank for business.
Newspaper Excerpt
The bank had been suffering from heavy with drawals and on Sunday rumors that had spread indicated that there would be a heavy run on the bank Monday
Source
newspapers
2. September 12, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Efforts to raise money to pay off bad paper failed amid heavy withdrawals.
Newspaper Excerpt
the directors at an early morning meeting, Monday decided it would be best not to open the bank for business.
Source
newspapers
3. February 10, 1932 Run
Cause Details
Slow run of unknown origin triggered a local moratorium.
Measures
Mayor declared a one-day moratorium on all business activity.
Newspaper Excerpt
A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium
Source
newspapers
4. February 11, 1932 Suspension
Cause
Government Action
Cause Details
Mayor ordered a business moratorium to prevent a heavy run.
Newspaper Excerpt
Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.
Source
newspapers
5. February 12, 1932 Reopening
Newspaper Excerpt
pected re-open tomorrow this time, business places Liberal also re-open.
Source
newspapers

Newspaper Articles (3)
1. September 15, 1927 Carthage Evening Press Carthage, MO
Article from Carthage Evening Press, September 15, 1927

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Article Text

HUNG JURY IN BANKER'S CASE Cashier of Closed Liberal Institution Tried at Lamar Trial of C. B. Armstrong, cashier of the Bank of Liberal, which failed recently, resulted in a hung jury at Lamar Tuesday. The jurors stood 6 to 6 on the question of conviction and were discharged after being out two hours. Charges against Armstrong grew out of his acceptance of deposits on Saturday before the bank failed to open Monday. Armstrong and the other bank officials declared that on Saturday they had no idea that the bank would close Monday. The management had been struggling in an effort to raise money to pay off "bad paper" which the bank had. The bank had been suffering from heavy with drawals and on Sunday rumors that had spread indicated that there would be a heavy run on the bank Monday, and the directors at an early morning meeting, Monday decided it would be best not to open the bank for business.

2. February 11, 1932 The Boonville Daily News Boonville, MO

Article Text

Mayor's Moratorium Will Stay In Effect Liberal, Mo., Feb. fect here today while of the Bank of Liberal completed. Business men subscribed the nance the institution which pected re-open tomorrow this time, business places Liberal also re-open. Mayor Braden ordered moratorium when officers the bank reported that they fearthe bank.

3. February 11, 1932 Columbia Missourian Columbia, MO

Article Text

RUN BEGINS ON LIBERAL BANK Business Men Begin Reorganization to Stave Off Withdrawals LIBERAL, Mo., Feb. 11 (U.P.)A slow run begun yesterday on the Bank of Liberal caused W. V. Braden, mayor, to declare one-day moratorium on all business activity here. Officials of the bank said they have sufficient funds for ordinary business, but feared heavy run. Plans were under way to reorganize the bank, and $32,000 had been raised at noon by Liberal business men for that purpose. The goal is $50,000.