Mercantile Bank & Trust Company

Episode Information

Episode UID: 1079171599
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 107917 routing
Routing Number: 1-0791
Start Date: March 30, 1933
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e53a0b07102ce98b

Response Measures

None

Description

OCR errors in the clipping; text implies bank failed to reopen after the March 1933 banking holiday and a successor/closure by state authorities.

Events (1)

1. March 30, 1933 Suspension

Cause: Government Action
Cause Details: Did not reopen after the March 1933 bank holiday; state banking department involvement and successor (Chelsea Bank & Trust) noted.
Newspaper Excerpt: The Mercantile Bank and Trust Company New city has applied withdrawal from the Federal Reserve system... failed reopen after the bank holiday.
Source: newspapers

Newspaper Articles (1)

1. March 30, 1933 The Caledonian-Record St. Johnsbury, VT

Article from The Caledonian-Record, March 30, 1933

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Article Text

WITHDRAWS FROM FEDERAL RESERVE NEW YORK, March The Mercantile Bank and Trust Company New city has applied withdrawal from the Federal Reserve system, nounced today. The Mercantile failed reopen after the bank holiday. Howell M. Stillman, president, William Lobb, dent, had comment make. bank capital of surplus $600,000. the successor the Chelsea Bank Trust which closed the state banking department.