Jackson Bank - Clearmont, MO

Episode Information

Episode UID: 80092571564
Episode Type: Run → Suspension → Closure
Bank Type: state
Bank ID: 8009257 routing
Routing Number: 80-0925
Start Date: April 28, 1930
Location: Clearmont, Missouri (40.510, -95.032)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c4ee305ed2f77d07

Response Measures

None

Description

State finance department was requested to take charge after the bank closed.

Events (2)

1. April 28, 1930 Run

Cause: Rumor Or Misinformation
Cause Details: Idle rumors and local gossip reportedly started a slow run on the bank amid general unease.
Newspaper Excerpt: idle rumors and back fence talk recently had started a slow run on the bank
Source: newspapers

2. April 28, 1930 Suspension

Cause: Local Shock
Cause Details: Board cited lack of confidence, floods and general unsettled farm conditions; the slow run precipitated suspension.
Newspaper Excerpt: The Jackson bank of Clearmont, Mo., ... was closed today by order of the board of directors.
Source: newspapers

Newspaper Articles (1)

1. April 29, 1930 Joplin Globe Joplin, MO

Article from Joplin Globe, April 29, 1930

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Article Text

SLOW RUN CAUSES BANK AT CLEARMONT TO CLOSE St. Joseph, Mo., April 28.—(AP)—The Jackson bank of Clearmont, Mo., with a capital stock of $20,000, was closed today by order of the board of directors. The bank was 35 years old and was the only one in Clearmont, J. M. Billingsley was president. Billingsley said closing of the bank was forced by "lack of confidence, floods and general unsettled farm conditions. He asserted "idle rumors" and "back fence talk" recently had started a slow run on the bank making necessary its suspension of business. The bank had $65,000 deposits, and loans estimated at approximately $70,000. The state finance department has been requested to take charge of the bank.