Cooper County Bank (Bunceton, MO)

Episode Information

Episode UID
80058571590
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
8005857 routing
Routing Number
80-0585
Start Date
June 17, 1932
Location
Bunceton, Missouri (38.788, -92.799)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2d79774fad6233fe

Response Measures

None

Description

Bank was closed by its board after a run and placed in receivership; later dividends paid during liquidation.

Events (5)
1. June 17, 1932 Run
Cause Details
Heavy withdrawals/unspecified run prompted daily $5 withdrawal limit.
Measures
$5 limit per day on withdrawals
Newspaper Excerpt
A run started on the bank Friday led officers to place a $5 limit a day on depositors' withdrawals.
Source
newspapers
2. June 21, 1932 Suspension
Cause Details
Directors closed the bank following a run and heavy withdrawals.
Newspaper Excerpt
The Cooper County State Bank at Bunceton was closed today by its board of directors.
Source
newspapers
3. July 8, 1932 Receivership
Newspaper Excerpt
Schaumburg ... appointed receiver Cooper State Bank Bunceton by the state finance department, took charge the latter part of last week. Arthur Blomquist, cashier ... assisting Mr. Schaumburg in work.
Source
newspapers
4. December 19, 1933 Other
Newspaper Excerpt
L. O. Schaumburg, receiver for the defunct Cooper County State Bank at Bunceton, announced today that a 10 per cent dividend, totaling about $18,000 will be paid to depositors the latter part of this week.
Source
newspapers
5. December 21, 1934 Other
Newspaper Excerpt
A second dividend is now being paid by the defunct Cooper county bank of Bunceton ... The bank failed many years ago and is being liquidated.
Source
newspapers

Newspaper Articles (7)
1. June 23, 1932 The Milan Standard Milan, MO

Article Text

A BUNCETON, MO., BANK CLOSES. Bunceton, Mo., June 21.-The Cooper County State Bank at Bunceton was closed today by its board of directors. No reason was given. The bank had total resources of $343,556; loans, $293,700; deposits, $279,- 500, and capital stock of $20,000. A run started on the bank Friday led officers to place a $5 limit a day on depositors' withdrawals. F. C. Betteridge is presi- dent and A. Blomquist, cashier. The Boonville National Bank at Boonville, seat of Cooper county, was closed Thursday by order of a national who Nelson, drowned March 13 in the Lake of the Ozarks, was president. Reorganization plans almost were completed when the bank was ordered closed. George U. Freund, state bank examiner, was assigned late today to take charge of the Cooper County State Bank.

2. July 13, 1932 The Boonville Daily News Boonville, MO

Article Text

Takes Over Work As Bank Receiver Schaumburg of Boonville Will Be Assisted by Blomquist Bunceton Institution. Schaumburg, who appointed receiver Cooper State Bank Bunceton by the state finance department, took charge the latter part of last week. Arthur Blomquist, cashier of the assisting Mr. Schaumburg in work.

3. August 26, 1932 The Boonville Daily News Boonville, MO

Article Text

State Financial Commissioner Files Suit In Circuit Court. suit for against those the directors the defunct Bank of Bunceton, growing of the closing of the Cooper County State Bank Bunceton, was filed in Cooper County Circuit Court yesterday. The suit filed by Harriscommissioner of finance of the State Missouri, in charge of the assets and affairs of the Cooper County State Bank, against son Leonard, Arthur Blomquist, Snode Morris, Twillman, Geo. K. Crawford, George A. Carpenter and Arthur W. Nelson, ministrator of the estate of Arthur Nelson. deceased. The plaintiff claims that the mondue on the basis of contracts entered into by the Bank of Bunceand the Cooper County Bank for the liquidation of the assets of the Cooper County Bank. Attorneys for the plaintiff are Roach and Roach of Jefferson City, Roy Williams, and Schaumburg of Boonville. The petition and its attached hibits make 39 typewritten pages. Cornstalk Has Eight Ears Martinez, cornstalk has been produced the Gianella Brothers ranch here. With central ear of large proportions rising from the center the stem, there clustered about other five of which are almost equal in size to the central

4. August 26, 1932 The Boonville Daily News Boonville, MO

Article Text

To Continue Flight. Port Menier, Anticosti, Island. George Hutchinson and his flying family were to take off today in their hugh Sikorsamphibian plane today the third lap their leisurely flight. Their next will be Hopedale, Labrador. Head of Home Loan Bank Board Gets Treasury Aid. RECEIVERS ARE TO CO-OPERATE Requests Similar Action From State Finance Commissioners. Washington. Chairman Franklin Fort of the Home Loan Bank Board told the United Press Friday the administration was seeking 60-day moratorium on foreclosure all mortgages in the United States. Fort said the program included commerplants well as private homes, and that co-operation of financial institutions well as those in hands of as receivers would be sought. Chairman Washington, of the Home Loan Bank Board Fort announced today that treasury had agreed to order national cials bank receivers to suspend mortgage foreclosure for 60 days. He said the board today was telegraphing every state supervising authority requesting similar state bank receivers. He seekby general agreement to suspend ing foreclosures. Carlon, receiver of the BoonNational Bank, told the Daily News today that he had received no from the treasury department advising him of the tion taken at the behest of ChairFort. Harrison, state commissioner Finance of Jefferson City, sumably will receive the request regards state bank receivers. Such moratorium would affect the liquidation of the Prairie Home Bank at Prairie Home and the Cooper CounState Bank of Bunceton. The move, it is understood, is measure give the Home Loan Bank Board time get to functioneffectively, enough so to homes and commercial plants which in sixty days might be taken over in bank liquidation. The methor of working out the plan and any other details are not available the public.

5. September 29, 1933 The Boonville Daily News Boonville, MO

Article Text

Decision On Bank Suit Is Delayed Fayette (UP)-Circuit court is recessed today while members of the bar attend the association meeting in Kansas City. A case of interest to Cooper countians has been taken under advisement by Judge A. W. Walker. The defunct Cooper County State Bank of Bunceton is suing N. Nelson Leonard and other directors for about $90,000 on notes which the directors signed after the merge 01 the Bank of Bunceton and the Cooper County State Bank. A number of prominent lawyers are representing the bank receivers and the defendants in the suit.

6. December 19, 1933 The Boonville Daily News Boonville, MO

Article Text

$18,000 TO BE PAID BY BANK SOON Closed Bunceton Institution To Pay 10 Percent, Says Receiver. L. O. Schaumburg, receiver for the defunct Cooper County State Bank at Bunceton, announced today that a 10 per cent dividend, totaling about $18,000 will be paid to depositors the latter part of this week. The dividend will go to about 800 depositors of the closed bank, Receiver Schaumburg said. Application has been filed with the circuit court by Mr. Schaumburg to pay the 10 per cent dividend. The checks are being made out and will be distributed as soon as they are ready. The release of the $18,000 in Bunceton and community is expected to be a decided stimulant to business.

7. December 21, 1934 The Tipton Times Tipton, MO

Article Text

L. A. Wikins, of Osborne, Mo., is the new superintendent of the Versailles public schools, succeeding C. A. Dinwiddie, who served five years, and resigned recently to take a position with the Sedalia Business College. At the dinner served members of the Lake of the Ozarks Association reently held at Eldon, several large turkeys were consumed, which shows what a healthy lot of fellows they are down among the hil's where appetites never fail. Robert Bastan, 30 years old, living on a farm near St. Charles, was bitten a few days ago on his left hand by a possum which was in a hole. He reached in to pul the animal out when he was bitten and now he is in a hospital for treatment. A seond dividend is now being paid by the defunct Cooper county bank of Bunceton, which for many years flourished. The second dividend, like the first, is for 10 per cemt. The bank failed many years ago and is being liquidated. Some time ago the authorities of Boonvile published a notice calling on owners of dogs in the town who had not paid their dog tax for 1934, to either pay or turn over the family dog. Many are now scrambling to pay up before the year ends. Mr. and Mrs. Debney Gaines, of Shelbina, had a rare treat the other day when they participated in a din-