Pemiscot County Bank (Caruthersville, MO)

Episode Information

Episode UID
895561191362
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
89556119 hash
Start Date
June 6, 1913
Location
Caruthersville, Missouri (36.193, -89.656)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b10dd833c1b030e2

Response Measures

None

Description

Bank taken into hands of state bank commissioner after discovery of large shortage; later described as failed.

Events (3)
1. June 6, 1913 Receivership
Newspaper Excerpt
The Pemiscot County bank at Caruthersville went into the hands of the state bank commissioner today ... (bank went into hands of the state bank commissioner).
Source
newspapers
2. June 6, 1913 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a large shortage (nearly a quarter of a million) in the bank's funds.
Newspaper Excerpt
The Pemiscot County bank at Caruthersville went into the hands of the state bank commissioner today as a result of the discovery of a shortage which ... is nearly a quarter of a million.
Source
newspapers
3. December 8, 1914 Other
Newspaper Excerpt
A compromise has been effected between Pemiscot county and the sureties on the bond of the old Pemiscot County Bank, in which the county funds were on deposit when the institution failed in June, 1913.
Source
newspapers

Newspaper Articles (2)
1. June 6, 1913 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, June 6, 1913

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Article Text

BANK SUSPENDS WITH SHORTAGE QUARTER LION MISSOURI INSTITUTION GOES IN HANDS OF THE BANK COMMISSIONERS. By Associated Press) ST. LOUIS, June 6.-The Pemiscot County bank at Caruthersville went into the hands of the state bank commissioner today as a result of the discovery of a shortage which, according to the president of the institution is nearly a quarter of a million.

2. December 9, 1914 The Cairo Bulletin Cairo, IL
Article from The Cairo Bulletin, December 9, 1914

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Article Text

$442,000 CLAIM IS SETTLED BY PEMISCOT COUNTY Defunct Bank's Assets, Valued at $300.000, to be Turned Over With $25,000 Cash. Caruthersville, Mo., Dec. 8.---A compromise has been effected between Pemiscot county and the sureties on the bond of the old Pemiscot County Bank, in which the county funds were on deposit when the institution failed in June, 1913 An audit disclosed the sum of $442.823.54 due the county for its general funds and the various ditch districts. There were two bonds, one of $60,000 and the other of $000,000 signed by various local persons as sureties. Suits were filed against the bondsmen and attachment proceedings instituted against them on their individual property. These have been pending since that time, but are now