Raytown Bank - Raytown, MO

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: January 1, 1933*
Location: Raytown, Missouri (39.009, -94.464)

Metadata

Model: gpt-5-mini
Short Digest: 93ce7faa

Response Measures

None

Description

Article (Aug 17, 1933) states Raytown Bank suspended in January 1933 during the suspension of the Pioneer Trust Company in Kansas City and has now resumed full charter privileges after a local drive and depositor agreements (5% withdrawal basis). Cause appears linked to distress at another local bank rather than bank-specific insolvency.

Events (2)

1. January 1, 1933* Suspension

Cause: Local Banks
Cause Details: Suspended in January 1933 in connection with the suspension of the Pioneer Trust Company in Kansas City (panic/spillover from another local bank).
Newspaper Excerpt: it last January this bank suspended operations and closed its doors the time of the suspension of business of the Pioneer Trust pany in Kansas City.
Source: newspapers

2. August 17, 1933 Reopening

Newspaper Excerpt: The Raytown Bank is now operating under full charter privileges all restrictions removed. ... The Raytown Chamber of Commerce then solicited depositors agreements ... providing for reopening bank upon five percent drawal basis.
Source: newspapers

Newspaper Articles (1)

1. August 17, 1933 The Cass County News Pleasant Hill, MO

Article from The Cass County News, August 17, 1933

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Article Text

BANK WIDE The Raytown Bank is now operating under full charter privileges all restrictions removed. This in accordance to an announcement made by the bank following recent director's meeting. It is recalled that last January this bank suspended operations and closed its doors the time of the suspension of business of the Pioneer Trust pany in Kansas City. The Raytown Chamber of Commerce then solicited depositors agreements throughout the community providing for reopening bank upon five percent drawal basis. The Chamber of Commerce drive in the community created new local interest and confidence the bank and permitted its as service institution, said. Summit Journal.