First National Bank (Burlington Junction, MO)

View Charter #6242 on SPMC View balance sheet

Episode Information

Episode UID
624201561
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
62420 national
Charter Number
6242
Start Date
January 22, 1930
Location
Burlington Junction, Missouri (40.446, -95.066)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2a9d110597dc5490

Response Measures

None

Receivership Details

Depositor recovery rate
35.9%
Date receivership started
1930-01-22
Date receivership terminated
1934-05-18
OCC cause of failure
Fraud
Share of assets assessed as good
42.4%
Share of assets assessed as doubtful
40.2%
Share of assets assessed as worthless
17.4%

Description

OCR in articles corrected (names/dates); articles state there was no run and the bank was liquidated.

Events (5)
1. May 7, 1902 Chartered
Source
historical_nic
2. January 22, 1930 Receivership
Source
historical_nic
3. January 22, 1930 Receivership
Newspaper Excerpt
A receiver, appointed by the comptroller of the currency, has taken charge of the affairs of the First National Bank of Burlington Junction, which closed by order of the board of directors January 22.
Source
newspapers
4. January 22, 1930 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Closed by order of the board due to insolvency concerns leading to liquidation; comptroller subsequently appointed a receiver.
Newspaper Excerpt
The First National Bank of Burlington Junction failed to open its doors morning... The bank was closed by the order the board directors.
Source
newspapers
5. February 1, 1930 Other
Newspaper Excerpt
Edwin Curfman ... been appointed receiver the First National Bank Burlington Junction ... to take charge of the liquidation succeeds Martin, national bank receiver, resigned.
Source
newspapers

Newspaper Articles (13)
1. January 22, 1930 The Maryville Daily Forum Maryville, MO
Article from The Maryville Daily Forum, January 22, 1930

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Article Text

BURLINGTON BANK CLOSES DOORS Failure to Institution Open Comes as Complete Surprise. REORGANIZE President Advances No Explanation Examiner Charge. The First National Bank of Burlington Junction failed to open its doors morning. The bank was closed the order the board directors. The notice the door of the bank said the bank was closed for and that national bank examiner, Miller, charge. The closing of the bank came complete surprise to the residents this town sixteen miles northwest Maryville state highway No. There had been no run on the bank. Caldwell, president the bank told the Daily Forum this afternoon that the "bank was closed by the order the board directors and have to make Mr. Caldwell would not assign any the board of directors the bank, which established 1900. condensed statement the bank. published in the Burlington Junction Post, the business on December which was showed the resources The statement showed deposits and The bank building and valued bank capitalized for $25,000 and surplus Hahn. who suffered weeks cashier of the The members the board Elizabeth Zarn Richard Zarn The principal stockholder the bank Zarn, who has been in California, returned and opinion held around Burlington Junetion that the bank closed merely for reorganization In private bank was established known Merchants Bank located in little brick buildacross from the Northwest Bank building. by Miller which succeeded by the Northwestern incorporated capital with and Martin. cashier In 1902 the capital reduced its present amount After the merger the Commercial Bank with the Northwestern there but one bank Burlington Junction, but in the spring Junction Bank, incorporated was ganized and commenced business the location the old Commercial Bank with capital with Joseph Maltby president: and Hahn, cashIn June, 1902. the bank tionalized with capital of BOY WINS SUIT. Awarded $6000 in Action Against Uncle. Kansas City, Mo., Jan. diet for $4500 was won in circuit here by Robert Melcher, years old. against an uncle Irving Melcher Dallas, for injuries the boy received when his uncle's automobile crashed street car here August The suit brought through the father.

2. January 30, 1930 The Maryville Daily Forum Maryville, MO
Article from The Maryville Daily Forum, January 30, 1930

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Article Text

IN No Statement Has Been Made On Condition Continues Audit. receiver. appointed by comptroller the currency has taken charge of the affairs of the First National Bank of Burlington Junction, which closed by order the board directors January He Martin of national bank receiver. Appointment of a that the bank will be means liquidated Mr Martin took charge of the bank He had no other stateyesterday. ment to make today except that condition of the bank will be made public soon the books are checkwhich will be several days. Asked the bank would re-open depository Mr. Martin said: this bank, but other bank might open Makes No Comment. to the condition of the bank. Mr. Martin said that he was not in sition the present time to make any comment whatever. In due time statement to the status of the bank will be made he but added that announcement could be made until the affairs of the institution could be checked. The national bank Miller. still Burlington Junction working the books of the bank. The work of checking the books has been slow and the First National Bank Maryville, upon request the aminer over stenographers assist in the work. Mr. Martin said unable to give any definite date when the condition will be known. There were unconfirmed reports current on the streets of Burlington Junction this morning that Caldwell. president, had said that the bank would out 100 cents on the pay dollar. Mr. Caldwell had been in Burlington this morning but could not be located to confirm this rumor. Town Marks Time. Meanwhile Burlington which has experienced previous bank Northwestern Bank there closing May just marking watching developments, and "hoping for best." Rumors, circulating like wildfire, have been plenbut nothing authentic known and will not be known until Mr. Marmakes report. The residents this town. which had population 970 when the 1920 are getting along the best they can without any bank, the First National bank was the following the closing the Northwestern Bank the residents inconvenienced, but they went through one bank failure and know what to expect.

3. January 30, 1930 Weekly Democrat-Forum and Maryville Tribune Maryville, MO
Article from Weekly Democrat-Forum and Maryville Tribune, January 30, 1930

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Article Text

BURLINGTON BANK TO BE LIQUIDATED Comptroller of Currency Appoints Receiver For Institution. TOWN STAYS IN DOUBT No Statement Has Been Made On Condition of Bank-Examiner Continues Audit. A receiver, appointed by J. W. Pole. comptroller of the currency, has taken charge the affairs of the First National Bank of Burlington Junction, which closed by order of the board of directors January 22. He is Marof Blandinsville, III., national bank receiver. Appointment of a remeans that the bank will be liquidated. Mr. Martin charge of the bank He had no other statemake today except that the bank will be made the books are checkwhich will be several days. Asked if the bank would re-open as depository. Mr. Martin said: this bank. but some other bank here." Makes No Comment. condition of the bank. Mr. Martin that he was not in a pothe present time to make any comment whatever. In due time statement the status of the bank made public, he said, but addthat announcement could be until the affairs of the institube checked. national bank examiner. Mr. still at Burlington Junction the books of the bank. of checking the books has and the First National Bank Maryville, upon request of the examiner has sent over stenographers Martin said unable to give any definite when the condition will be known. There unconfirmed reports the streets of Burlington this morning that C. D. president. had said that the pay out 100 cents the dollar Mr. Caldwell had been in Burthis morning but could not be confirm this rumor. Town Marks Time. Burlington experienced previous bank Northwestern Bank there May 26. 1926-is just marking developments. and best Rumors, cirwildfire, have been plennothing authentic is known be known until Mr. Marmakes The residents this town. which population 970 when the 1920 getting along can without any bank, the First National bank the was bank there following the closing Some of inconvenienced, it is but they went through one bank know what to expect.

4. February 1, 1930 The Maryville Daily Forum Maryville, MO
Article from The Maryville Daily Forum, February 1, 1930

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Article Text

RECEIVER Man Will Liquidate Assets of Burlington Bank. Edwin Curfman Maryville been appointed receiver the First National Bank Burlington Junction which closed the board of January according telegrainformation received today from Pole, comptroller the treasury Washington, Mr. Curfman went Burlington Junction this afternoon to take charge the liquidation succeeds Martin Blandsnational bank receiver, resigned, according the telegram from Pole. Pole stated in his wire that Mr and would be forwarded him Junction Curfman experienced in bank liquidations, being deputy missioner charge the liquidation Real Estate Bank According Curfman and for the Real Estate the quidation will finished early this summer and the final matters will presented Judge Jesse Robertson, special judge in the Real Estate Mr. Curfman state senator from the first senatorial district of this state. member the Nodaway county bar and formerly was in the lumber business Maryville.

5. February 2, 1930 St. Joseph Gazette St. Joseph, MO
Article from St. Joseph Gazette, February 2, 1930

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Article Text

State Senator Takes Charge of Burlington Junction Bank Mo., Feb. win Curfman of Maryville, state senator from this district. been appointed of the First Na. tional of Burlington to telegram today from W. Pole. comptroller currenThe bank was closed by order of the board of on Jan. 22, and has been in the hands Martin, bank receiver since that time Mr. Martin has resigned and Mr. has as sumed the liquidation of the institution.

6. February 6, 1930 Burlington Junction Post Burlington Junction, MO
Article from Burlington Junction Post, February 6, 1930

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Article Text

CURFMAN OF MARYVILLE TO LIQUIDATE LOCAL INSTITUTION. change in receivers for the First National Bank of Burlington Junction, closed two weeks ago by the board of directors, has been the only new development during the past week. On Saturday Senator C. Curfman of Maryville was pointed receiver of the bank by the comptroller of the currency at Washington, D. C., to succeed Martin, national bank receiver who had been sent here to take charge of the bank upon completion of the checking by national bank examiners. On Thursday of last week Keyes from the comptroller's office arrived here to assist in the preliminary work necessary before the beginning of liquidation. Mr. Curfman came to Burlington Junction Saturday upon notification of his appointment as receiver, and since that time Mr. Keyes and Mr. Curfman have rapidly been accomplishing the preliminary details looking to an early opening of the bank for purposes liquidation. "There still remains considerable work to be done," Mr. Curfman told representative of The Post, "but will open the bank just as soon we possibly can. We hope to have ready so that we can open early next week, and Mr. Keyes and both think that we can be ready by that time." Mr. Curfman is well known in Burlington Junction. At one time he was in the lumber business here, and later engaged in the same business in Maryville. He is at present state senator from this district, and is member of the Nodaway county bar. He was in charge of the liquidation of the Real Estate bank at Maryville which was closed few years ago. Miller and C. M. Cushing, examiners who have been checking the bank here, completed their work and left here Tuesday. Farewell Surprise Party. Neighbors and friends gathered at the home of Mr. and Mrs. Frank Younger, Friday night, for farewell surprise party. Mr. and Mrs. Younger moving to Farifax are soon. The evening was spent in playing games and in social way after which refreshments of sandwiches, and coffee. served to the were Mr. and Mrs. John Dicus, following; Mr. and Earl Turpen, Mr. and Mrs. Joe Turpen, Mr. and Mrs. Llyod Bever and daughter, Jack Mr. and Mrs. Estol Bever Turpen, and family and Mr. and Mrs. Frank Younger. May Repair Court House. According to yesterday's issue of the Maryville Daily Forum, the councourt is considering asking estimates for repairing the county court house. The condition of the courth ouse was described as "dein recent of the plorable" report grand jury.

7. February 6, 1930 Burlington Junction Post Burlington Junction, MO
Article from Burlington Junction Post, February 6, 1930

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Here From Skidmore. W. Linville, cashier of the Bank of Skidmore, business visitor Burlington Junction Tuesday. Mr. Linville has host of friends in this community, some of whom have been trying, since the First NationBank closed, to prevail upon him to head banking institution Burlington Junction.

8. February 14, 1930 The Tarkio Avalanche Tarkio, MO
Article from The Tarkio Avalanche, February 14, 1930

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Bethany-Mt. Lebanon I never worry about what is going to become of me after my work here on this earth is ended. I know that I make a lot of mistakes and I know that try to do a lot of good. But my theory is that Heaven is here and now. In fact, I like the way Jesus put it. One day He was on his way to Jerusalem and some one asked Him what the Kingdom of God was like. And, with out hestitating He replied that it was like a grain of mustard seed which a man planted and which soon grew into a tree, where birds came to dodge and rest. In other words, the Kingdom of Heaven is what you make of yourself-for the good of the world. George Matthew Adams. Mr. and Mrs. J. W. Bowness and little son, Joe, spent Sunday with Mr. and Mrs. Dean Hindman. Gail Revenaugh of Livingston, Montana, has been visiting his parents, Mr. and Mrs. G. W. Revenaugh, for several weeks Jimmie Low made a short call at the Holbrook home one evening last week. Mr. and Mrs. Bud Smith and days JUNCTION BANK TO OPEN A change in receivers for the First National Bank of Burlington Junction, closed two weeks ago by the board of directors, has been the only new development during the past week. On Saturday Senator E. C. Curfman of Maryville was appointed receiver of the bank by the comptroller of the currency at Washington, D. C., to succeeed E. T. Martin, national bank receiver who had been sent here to take charge of the bank upon completion of the checking by national bank examiners. On Thursday of last week P. C. Keyes from the comptroller's office arrived here to assist in the preliminary work necessary before the beginning of liquidation. Mr. Curfman came to Burlington Junetion Saturday upon notification of his appointment as receiver, and since that time Mr. Keyes and Mr. Curfman have rapidly been accomplishing the preliminary details looking to an early opening of the bank for purposes of liquidation. "There still remains considerable work to be done," Mr. Curfman told a representative of The Post, "but we will open the bank just as soon as we possibly can. We hope to have everything ready so that we can open early next week, and Mr. Keyes and I both think that we can be ready by that time." Mr. Curfman is well known in Burlington Junction. At one time he was in the lumber business here, and later engaged in the same business in Maryville. He is at present a state senator from this district, and is a member of the Nodaway county bar. He was in charge of the liquidation of the Real Estate bank at Maryville which was closed a few years ago. P. V. Miller and C. M. Cushing, examiners who have been checking the bank here, completed their work and left here Tuesday.-Burlington Junction Post. DEACON HAS SOME FUN The Journal a couple of weeks ago told of Fee Mathers, an east side farmer discovering two rabbits hanging by the necks in the time. forks of an apple tree. It was decided they had committed suicide, both being as dead as-we meant to say, as dead as the bad place but in some way the word Bedford was used instead of hades, and it didn't set a bit well with either of our very good friends of the Bedford Press. The Free Press took a shot at us last week, followed with a broadside by the Times-Republican, that paper saying: Now we'll have to let the Deacon in on the story we heard about Hopkins: A fellow said that Hopkins was so dead that a fellow lay dead in the postoffice three days before he was found. A little nonsense now and then is relished by the best of men. S0 we'll take a guess that the poor fellow contrasted Hopkins with his home town and it made him feel S0 small he dropped into the waste Sunday. basket as dead as Bedford (we meant to say hell) and was not discovered until the janitor carried out the rest of the "trash" a few later. Now, folks, if Bedford comes back at us, we want you to think of something "mean" for us to say in reply for we're just about out of thunder. If you do not come to our rescue, we'll have to simply say, "there is such a thing as carrying a joke too far" and let it go at that.-Hopkins Journal.

9. February 22, 1930 The Maryville Daily Forum Maryville, MO
Article from The Maryville Daily Forum, February 22, 1930

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CHECK RECORDS OF BURLINGTON BANK Receiver Says Date For Liquidation Is Uncertain. Work of copying records, checking accounts. and accomplishing other necessary details incident to the openthe First National Bank of Burlington Junction for liquidation continues unabated and there still mains so much of that work to be done that uncertain as to just when the doors of the bank can be opened. Curfman, receiver, stated this morning that his intention open just as soon as possible, but that cannot do so until the preliminary work required disposed of. couldn't accomplish anything to open before this work Mr. Curfman said. Heiden. who assisting the liquidation of an insolvent national bank at Sheldon, arrived here today and will be here for several days supervise the opening of set books and other clerical Junction Post.

10. January 1, 1931 Burlington Junction Post Burlington Junction, MO

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CURFMAN RESIGNS LEAVES SOON FOR CAPITOL AS MEMBER OF STATE LEGISLATURE E. C. Curfman, receiver for the First National Bank of Burlington Junction since the first of last February, has resigned effective December 31. and will leave within the next few days for Jefferson City to serve as a member of the state legisAlthough Mr. Curfman's successor has doubtless been named by the Comptroller of the Currency at Washington, no information as to who he is has been received as yet, Mr. Curfman stated to representative of The Post just before the paper went to press. Mr. Curfman believes however that he will be here this week to take over the bank. Mr. Curfman has been the only active receiver the First National has had since its closing. A temporary receiver sent here by the department was relieved within three days, upon Mr. Curfman's appointment, before the doors of the bank had been opened to the public. He has conducted the affairs of the institution in commendable manner, and many have expressed regret that he is to leave. He stated to a Post representative that he wrote the department at Washington recently giving the information that he would be required to leave the first of the year and would be away ninety days or longer and that he did not believe it would be good policy to arrange for anyone to take charge of the institution temporarily. His recommendation was approved, and his resignation effective December 31 accepted.

11. January 8, 1931 Burlington Junction Post Burlington Junction, MO

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POULTRY CAR RECEIVER COUNTY FEBRUARY OF FIRST SEVERAL SPECIALISTS TO BE AT MEETING SCHEDULED FOR Money making methods feeding, handling and brooding baby chicks will be taken fully at the Poulup try Pay Car meeting which will be held at Maryville on February This meeting will be held on the Wabash agricultural development according to county extension agent, who is developing plans for in cooperation with Stephens, Wabash agriculture gent. A series of fifteen meetings is being scheduled, all of which will be held on this Similar meetings car. held in 1930 met with such unusual success that the project is being peated in February, covering most of the counties in Northern Missouri served by the Wabash. The entire meeting will be confined to chick raising problems. The dollars and cents value of giving baby chicks proper care will be stressed. This will include how to keep them healthy and growing up to the time they start to The methods to be outlined tually make for those who money them shown by the records on 212 flocks last One-half of flock owners followed the commended known ns the Missouri plan of growing chicks, and they made just $359.96 more per flock than the 106 kent records but followed of chick The Missouri plan from away late maturity caused by late avoids diseased and wormy includes ration which insures rapid and maximum growth and provides for housing the chicks enomically giving complete tection from the Complete details the Missouri will be given the Harold coultry of the Missouri College the principle noultry Stenhens and Dinsdale purpose. accommodate insuring also bud reproducing music The car be spotted the Wabash station. GEBHARD ALSO HAS OF BANK AT Gebhard. who has been receiver for the First NationBank to succeed E. Curfman resigned effective Decemarrived here Tuesday and has taken charge of the bank. Mr. Gebhard comes here from Minnesota, and in addition to the bank here ceiver for the First National Bank Ridgeway, which failed recently. Mr. Gebhard has made no announcement relative to the bank here. Curfman, retiring receiver, statbefore leaving that considerable amount of money has been collected since the closing of the bank almost year ago, but that he was not in any position to venture guess as to how soon the incoming receiver might endeavor to pay dividend. He stated however, that with claims still coming in against the bank it should not be surprising if some time elapses before dividend paid.

12. January 26, 1931 The Maryville Daily Forum Maryville, MO

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Note Assigned to Defunct Bank Is Held Fraudulent Purported Note of Mr. and Mrs. Martin Asbell Was Forged Court Finds. Had Halted Land Sale Sheriff Had Been Enjoined From Selling Security For Note Purportedly Made to Late C. Hann. Evidence of forgery on $2,350 note assigned to the defunct First National Bank of Burlington Junction was found by the circuit court Saturday afternoon. resulting in the court marking off a purported note of Mr. and Mrs Martin Asbell assets of the bank Last May 31 the court temporarily enjoined the sheriff trustee from selling 177% acres of land purported to have been given security for the note which the court found to be forgery The petition of the plaintiffs, Mr. and Mrs. Asbell, against the bank, the receiver. and Sheriff England as trustee, alleges that the note was forged by the late Hann cashier of the defunct First National Bank of Burlington Junction The injunction was granted the plaintiffs by the court last spring prior to the date set for selling the land to satisfy the note. Deed Declared Fraudulent. Evidence in the case was taken during the October term of court and the arguments of counsel were made before the court Saturday when Judge Reeves made his order declaring the note question was forged. The court also found that the deed trust in the nature of mortgage not executed by the parties whose signatures they purported to bear, and the court order was that the note and deed of trust and record for such deed the recorder's office go for naught and be cancelled The bank filed motion for new trial Before hearing evidence of the case orders were secured for counsel for the Asbells to take photographs of the instruments as they were in the hands of the receiver of the bank Deny Signing Deed. When the suit was filed for an injunction last spring, the plaintiffs said that title to their land was being cloudby the purported deed of trust, made favor Hann. which had been turned over to the bank. This deed of trust and the note were not signed by the plaintiffs, they contend, and (Continued on page 3)

13. March 6, 1931 St. Joseph News-Press St. Joseph, MO

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JUDGMENT FOR WYETHS. Bernard Baruch Is Next on $2,800 in Tax Rebate With Interest From Program to Speak Before judgment for John and the Group. Wyeth, the Huston WASHINGTON, March Bernard Baruch, former head pared outline before commission this after noon his ideas how minimize profits and equalize its burdens. That the problem given commission created recently congress and headed by Secretary of War Hurley. three war veterans' ganizations appeared yesterday support so-called universal draft system wherein men and all industries would be conscripted controlled by the government during wartime: O'Nell Asks Legislation. Ralph O'Neil, national commander the American Legion which sponsored creation recommended that frame legislation providing, Immediate mobilization of Fixing of all prices, including Regulation and distribution of do want draft labor capital,' O'Nell said, "but absolute contol over both in Debt Could Have Been Less. If this had been done the start War. he said, the have in half. Only gins profit would be O'Neill's plan, and James Stone essential would be commandeered by the government. Legge (below) of the federal farm Legge's SENATE COMMITTEE nation has been Wyeth, were suing the ernment refund on itance was rendered today federal court Judge Merrill Otis. The interest per cent from June, The personal Injury suit Sweany against the Wabash railroad remanded the state courts. In three suits involving igation the First National Bank of Burlington Junction, the ordered W. Gebhard substituted receiver place of Edwin Kurfman. Other decisions were rendered the cases. The bank receiver awarded judgment of $521.33 against Caldwell Nodaway County: of against