Bankers Trust Company - St Louis, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: trust company
Start Date: October 8, 1907
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: 47690e07

Response Measures

None

Description

Article (Omaha Daily Bee, Oct 29, 1907) reports Bankers Trust Company of St. Louis closed on advice of Mr. Irwin and 'will liquidate.' It had been planning for several weeks to liquidate; clearing houses refused aid. Date in text references Oct. 8 (1907). No explicit run described in the excerpt; closure appears permanent with liquidation.

Events (1)

1. October 8, 1907 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank had been planning for several weeks to liquidate; closed on advice of Mr. Irwin and will liquidate; clearing houses refused temporary aid.
Newspaper Excerpt: The bank closed upon the advice of Mr. Irwin and it will liquidate. It developed that the St. Louis Clearing House association, as well as the Kansas City association, had refused to give even temporary aid.
Source: newspapers

Newspaper Articles (1)

1. October 29, 1907 Omaha Daily Bee Omaha, NE

Article from Omaha Daily Bee, October 29, 1907

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Article Text

sent here by Secretary of State Swanger. The bank closed upon the advice of Mr. Irwin and it will liquidate. He said the concern had been planning for several weeks to liquidate and under ordinary conditions it would have been able to do so. It developed that the St. Louis Clearing House association, as well as the Kansas City association, had refused to give even temporary aid. A statement of the condition of the Bankers' Trust company at the close of business Saturday night last showed: Loans and discounts, $658,701; stocks and bonds, $598,581; cash and sight exchange, $114,547; deposits, $798,245. There was but $8,000 cash hand when the bank opened this morning. NEW YORK, Oct. 8.-The Bankers Trust company has a cradit balance with the Oriental bank, which is its New York correspondent. Cashier Adams of the Oriental bank said: "The Bankers Trust has a moderate credit balance with the Oriental bank. The suspension can in no way affect the Oriental bank."