St James State Bank - St James, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 4, 1932
Location: St James, Missouri (37.997, -91.614)

Metadata

Model: gpt-5-mini
Short Digest: 970d3438

Response Measures

None

Description

Article (Daily American Republic, 1932-01-04) states the directors of the St. James State Bank notified the state finance department that they had closed the institution, citing a depleted cash reserve and general depressed conditions. No run is described in the text and no receiver is explicitly mentioned; closure is reported as a bank closing (permanent). Cause attributed to general depressed conditions of the time (Great Depression) -> macro_news.

Events (1)

1. January 4, 1932 Suspension

Cause: Macro News
Cause Details: Directors cited depleted cash reserve and general depressed conditions (economic depression/market conditions) as reason for closing.
Newspaper Excerpt: Directors of the St. James State Bank, in Phelps county, in notifying the finance department that they had closed that institution, gave 'depleted cash reserve and general depressed conditions' as the reason for the closing.
Source: newspapers

Newspaper Articles (1)

1. January 4, 1932 Daily American Republic Poplar Bluff, MO

Article from Daily American Republic, January 4, 1932

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Article Text

LOST wrist watch, WednesFor Rent Light housekeeping day evening, Dec. 30th, while getting rooms. 235 Bartlett. 19-tf. off train 25 or in Baxter Taxi. Reward. Phone 362W. 619 Pine St. By The Associated Press. 11-20-tf. St. Louis, Jan. The Vandeventer National Bank of St. Louis, with APARTMENTS AND HOUSES capital stock of $250,000 and deFor Rent or Sale-Store building posits of approximately $1,250,000, on 5th and Cedar. Concrete floor. Will was ordered closed by its board of redecorate. Call 691. 1-4-6t directors early today and an assistant national bank examiner was For Sale.-5 room house. Modern asked to take charge. with furnace. Hardwood floors. 303 There had been a slow run on the Selma St. Phone 684. 4-6t bank for several weeks, the directors said. For cheap, close in W. C. Johnson is president of the 321 N. Main. W. I. Daily, Phone 886. institution. First to Fail. By The Associated Press. 105 No. 8th St., or Phone 265. Jefferson City, Jan. 4.-The first 1-1-3t bank closing of the new year in MisFor Rent.-5 room downstairs souri was reported to the state finance apartment, hardwood floors, furnace, department today. gas and 2 fireplaces. 4 room cottage Directors of the St. James State 630 Charles St. Lights and bath and Bank, in Phelps county, in notifying garden spot. Phone 257 or 396. the finance department that they had 1-4-3t closed that institution, gave "depleted cash reserve and general depressed For Rent.-Furnished housekeeping conditions" as the reason for the closapartment. Modern. 615 Kinzer St., ing. The bank had loans of $217,088, total resources, $248,314; capital, $25,000; surplus, $7,000 and deposits of $191,632.