Lucas Market Savings Bank

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: savings bank
Start Date: July 21, 1877
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: bce15cf7

Response Measures

Full suspension

Description

Article (dated 1877-07-21) reports failure of the National Bank of Missouri triggered a run on St. Louis banks and lists Lucas Market Savings Bank among six that have suspended within the past fortnight. The article does not state whether Lucas Market later reopened or permanently closed, so outcome is uncertain.

Events (2)

1. July 21, 1877 Run

Cause: Local Banks
Cause Details: Failure of the National Bank of Missouri triggered runs on St. Louis banking institutions
Newspaper Excerpt: The failure of the National Bank of Missouri started a run upon all the banking institutions in the city
Source: newspapers

2. July 21, 1877 Suspension

Cause: Local Banks
Cause Details: Suspended following the run triggered by the failure of the National Bank of Missouri
Newspaper Excerpt: no less than six have suspended within the past fortnight. These are the, German Bank, Butchers' and Drovers' Bank, Lucas Market Savings Bank, ...
Source: newspapers

Newspaper Articles (1)

1. July 21, 1877 The Donaldsonville Chief Donaldsonville, Gonzales, LA

Article from The Donaldsonville Chief, July 21, 1877

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Article Text

St. Louis is now engaged in running on her own account a first-class, lifesize financial panic, The failure of the National Bank of Missouri started a run upon all the banking institutions in the city, and no less than six have suspended within the past fortnight. These are the, German Bank, Butchers' and Drovers' Bank, Lucas Market Savings Bank, North St. Louis Savings Association, Bank of St. Louis and Bremen Bank. The excitement is subsiding and it is believed the actual losses will not be excessive, but no reliable estimate of the damage can be made until the smoke of the smash-up clears away.