Mcdaniel National Bank - Springfield, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 10074
Charter Number: 10074
Start Date: May 5, 1933
Location: Springfield, Missouri (37.215, -93.298)

Metadata

Model: gpt-5-mini
Short Digest: 279e71e1

Response Measures

None

Receivership Details

Depositor recovery rate: 12.8%
Date receivership started: 1933-02-17
Date receivership terminated: 1938-09-30
Share of assets assessed as good: 16.5%
Share of assets assessed as doubtful: 62.9%
Share of assets assessed as worthless: 20.6%

Description

The articles (May 5, 1933) report the McDaniel National Bank 'with C. E. French as receiver,' indicating the bank was in receivership/closed. No run or explicit prior suspension is described in the provided clippings; receiver reference implies closure. Classified as suspension_closure because the bank is closed/under receiver and no run is reported.

Events (3)

1. August 30, 1911 Chartered

Source: historical_nic

2. February 17, 1933 Receivership

Source: historical_nic

3. May 5, 1933 Receivership

Newspaper Excerpt: Suit on three notes totaling $44,000 was filed yesterday in circuit court by the McDaniel National bank, with C. E. French as receiver, against the Springfield Packing company.
Source: newspapers

Newspaper Articles (2)

1. May 5, 1933 Springfield Leader and Press Springfield, MO

Article from Springfield Leader and Press, May 5, 1933

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Article Text

BANK'S RECEIVER SUES PACKING COMPANY HERE Suit on three notes totaling $44.000 was filed yesterday in circuit court by the McDaniel National bank, with C. E. French as receiver, against the Springfield Packing company. The notes were made in 1926. Two of them were for $15,000 each and the other for $14,000. The Better Business bureau, designed to increase public confidence in advertising of merchandise, has been formed at New Orleans with 55 charter members.

2. May 5, 1933 The Springfield News-Leader Springfield, MO

Article from The Springfield News-Leader, May 5, 1933

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Article Text

BANK'S RECEIVER SUES PACKING COMPANY HERE Suit on three notes totaling $44. 000 was filed yesterday in circuit court by the McDaniel National bank with C. E French as receiver against the Springfield Packing company The notes made in 1926 Two of them were for each and the other for $14 000. Looks now as though the republicans will find this country fighting for in the next election