Citizens Savings Bank (Cabool, MO)

Episode Information

Episode UID
80058271528
Episode Type
Suspension → Closure
Bank Type
savings
Bank ID
8005827 routing
Routing Number
80-0582
Start Date
April 21, 1927
Location
Cabool, Missouri (37.124, -92.101)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
47ef193276f4b28d

Response Measures

None

Description

Bank placed in charge of State Finance Commissioner and put in liquidation; later overseen by an assigned liquidator.

Events (3)
1. April 21, 1927 Receivership
Newspaper Excerpt
S. L. CANTLEY, Commissioner of Finance of the State of Missouri, in charge of the business and property of said Citizens Savings Bank.
Source
newspapers
2. April 21, 1927 Suspension
Cause
Government Action
Cause Details
State Finance Commissioner took charge of the bank and its property and placed it in liquidation.
Newspaper Excerpt
All persons who may have claims against The Citizens Savings Bank, of Missouri, are hereby notified... S. L. CANTLEY, Commissioner of Finance of the State of Missouri, in charge of the business and property of said Citizens Savings Bank.
Source
newspapers
3. November 21, 1929 Other
Newspaper Excerpt
J. E. Cahill of Springfield is here today checking out J. H. Langston, preparatory to taking over the affairs of the three closed Texas County banks... and the Citizens Savings Bank of Cabool... will be in charge of all other banks in process of liquidation in South Central and Southwest Missouri.
Source
newspapers

Newspaper Articles (2)
1. June 3, 1927 Houston Republican Houston, MO
Article from Houston Republican, June 3, 1927

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Article Text

NOTICE TO CREDITORS OF THE CITIZENS SAVINGS BANK, OF CABOOL, MISSOURI April 21st, 1927 All persons who may have claims against The Citizens Savings Bank, of Missouri, are hereby notified to present the same to the undersigned and make proper proof thereof within four months from the above date at the banking room of said bank in Cabool, Missouri; and they are further notified that the last date for presenting said proofs will be August 31st, 1927. S. L. CANTLEY, Commissioner of Finance of the State of Missouri, in charge of the business and property of said Citizens Savings Bank.

2. November 21, 1929 The Cabool Enterprise Cabool, MO
Article from The Cabool Enterprise, November 21, 1929

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Article Text

CAHILL TAKES OVER CLOSED BANKS AFFAIRS J. E. Cahill of Springfield is here today checking out J. H. Langston, preparatory to taking over the affairs of the three clos ed Texas County banks-the Tex as County Bank of Houston, the Piney River Bank of Simmons, and the Citizens Savings Bank of Cabool. In addition to these banks, Mr. Cahill will also be in charge of all other banks in pio cess of liquidation in South Cen tral and Southwest Missouri. This is an economy measure ad opted by the State Finance Department in order to keep the expense of liquidation to a mini mum. Mr. Cahill announces that strenuous actions will be taken to colleet the remaining assets of the banks. He will be at the bank in Cabool one or two days each week. Other days of the week the note case of the Piney River Bank and Citizens Bank will be left at the Cabool state Bank, where parties owing these banks may make payment on notes. Mr. Cahill wishes to stress the point that the affairs of the banks will be settled at the ear liest possible date consistent with the best interests of the depositors, and the banks will not be held in liquidation in order to provide any one with job. He states that just as soon as a preliminary survey of the condition of the banks can be made, which will be within the next two or three weeks, a conference will be held with the depositors committees and if thought advisable a meeting of the depositors will be called. He further states that in settling the affairs of the banks the depositors interests will be put foremost. In the matter of paying dividends and closing up the business of the banks he states that he will be governed entirely by the opinion of the depositors. Dr. R. L. Russell of the state board of health was called to Bakersfield last week to aid in the checking of a smallpox epidemic Five cases of smallpox have developed in the Bakersfield school district, and there are numerous cases in the surrounding country Dr. Russell urged all persons who have not been vaccinated during the past seven years to be vaccinated at once.