10840. Twelfth Street National Bank (St Louis, MO)

View Charter #12491 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
12491
Charter Number
12491
Start Date
January 16, 1933
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
e834622b

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-01-19
Date receivership terminated
1936-10-27
Share of assets assessed as good
30.6%
Share of assets assessed as doubtful
66.0%
Share of assets assessed as worthless
3.4%

Description

The bank suspended operations/failed to open on January 16, 1933 and was placed in federal receivership and liquidated; later dividends were paid to depositors. The articles do not describe a depositor run prior to suspension, so this is classified as a suspension that resulted in permanent closure/receivership.

Events (7)
1. January 31, 1924 Chartered
Source
historical_nic
2. January 16, 1933 Receivership
Newspaper Excerpt
After the bank closed it was placed in Federal receivership and now is being liquidated by Receiver J. Buckner Fisher.
Source
newspapers
3. January 16, 1933 Suspension
Cause Details
Article states the bank suspended/failed to open Jan. 16, 1933 but provides no clear proximate cause (no run or specific scandal described).
Newspaper Excerpt
The bank suspended operations January 16, 1933.
Source
newspapers
4. January 19, 1933 Receivership
Source
historical_nic
5. July 6, 1933 Other
Newspaper Excerpt
A dividend of 40 per cent of the deposits in the Twelfth Street National Bank, which closed Jan. 16, has been arranged by the bank's receiver, Edwin S. Coombs. Deposits at the time of closing amounted to $848,966.
Source
newspapers
6. January 23, 1934 Other
Newspaper Excerpt
TWELFTH ST. BANK TO PAY SECOND DIVIDEND ... This dividend totals $259,162.64 and is in the amount of 35 per cent, bringing the total paid out to 75 per cent.
Source
newspapers
7. September 24, 1934 Other
Newspaper Excerpt
CLOSED BANK TO PAY 20 PER CENT DIVIDEND ... These issued when the first dividend was paid. The bank January 16, 1933.
Source
newspapers

Newspaper Articles (6)
1. January 17, 1933 Paragould Daily Press Paragould, AR
Article from Paragould Daily Press, January 17, 1933

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Article Text

Eight More St. Lonis Banks Close Their Doors St. Louis Jan St. Louis banks failed open yesterday, making 16 banks with aggregate deposits closed in the and Louis county within the days. Most of the closed were small neighborhood Those which closed today were: Twelfth Street National bank capital stock LaClede Trust Company deposits $1.total resources Chouteau Trust deposits total resources Natural Bridge Trust deposits total resources Lowell deposits total resources Grant State bank deposits total resources SarahOlive bank of St. deposits $174.572 total resources Scruggs Vandervroot and Barney operated department the same name. deposits $1,762,642 total resources PTG TURNS TABLES Salt Lake pig which Harold R. Howard was trying to shaughter turned butcher itself The pig was hung from nail and Howard had stabbed it the throat once. Thinking the one stab had not been sufficient. Howard grabbed one of the pig's legs "and raised the kriffe second time. The pig gave frantic kick which caused the knife to slip end cut Howard's hand He lost considerable blood before be reached the

2. July 6, 1933 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, July 6, 1933

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Article Text

40 PER CENT DIVIDEND READY FOR 12TH ST. BANK DEPOSITORS Payment to Be Made at Office of Receiver, 1800 Olive: Customers Must Call in Person. A dividend of 40 per cent of the deposits in the Twelfth Street National Bank, which closed Jan. 16, has been arranged by the bank's receiver, Edwin S. Coombs. Deposits at the time of closing amounted to $848,966. Coombs said, BO the dividend is $339,867. Checks are ready for distribution to depositors at Coombs' office, 1800 Olive street, which is open 9 a. m. to 3 p. m daily except Saturday, when it closes at noon. Depositors must call for their checks in person. Coombs said he could not forecast when a second dividend might be paid. Capital stock of the bank, at 1113 Chouteau avenue, was $300,000. The stockholders were called on for 100 per cent assessment under the double liability law for stockholders in national banks.

3. January 23, 1934 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, January 23, 1934

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Article Text

TWELFTH ST. BANK TO PAY SECOND DIVIDEND Checks representing second dividend for depositors of the closed Twelfth Street National Bank, Twelfth street and Chouteau avenue, will be ready for distribution at a. m. today, it was announced yesterday by Edwin S. Coombs, receiver. This dividend totals $259,162.64 and is in the amount of 35 per cent, bringing the total paid out to 75 per cent. 40 per cent dividend was paid out July 1933. The bank suspended operations January 16, 1933. To obtain their checks, Coombs said, creditors must present their receiver's certificates or proof of claims which were received by them when the first dividend was paid.

4. September 24, 1934 St. Louis Globe-Democrat St. Louis, MO
Article from St. Louis Globe-Democrat, September 24, 1934

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Article Text

CLOSED BANK TO PAY 20 PER CENT DIVIDEND An additional 20 cent dividend, bringing the up to cent, ready for the closed Twelfth Street NaBank, Olive street. Buckner Fisher, receiver the bank, announced yesterday distribution of dividend checks will betoday at the bank. Creditors must bring their certificates of proof of claim them. These issued when the first dividend was paid. "From records available," said Fisher, appears cent dividend liquidapaid any suspended bank in Checks ready for distribution tototal dividend per cent July 1933, and dividend Bleek per cent paid January 1934. The bank January 16, 1933.

5. December 13, 1934 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, December 13, 1934

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Article Text

CASHIER BANK SUICIDE Body of Harry W. Krieger Found Near Natural Bridge and Goodfellow, Pistol at Side. NOTES INDICATE MONEY TROUBLES Wife, Who Reported Him Missing, Says He Left Home at M. to Mail Letter. Harry W. Krieger, who was vicepresident and cashier of the Twelfth Street National Bank when failed in January, 1933, ended his life by shooting himself in the head last night or early today. Members of his family said he had been despondent over financial verses. His body was found by passing motorist at 6:45 m. today the base of clay bank on the west side of Goodfellow 200 yards south of Natural Bridge avenue. He had been shot in the right temple, and 380-caliber automatic pistol lay beside him. An ejected cartridge was found few feet away. Frost on overcoat indicated the body had been there during at least part of the night. In pocket were two penciled notes. One, addressed to wife, Mrs. Ruth Krieger, indicated financial difficulties. It read: "Only note to be honored (1) note of Hecht for $75, secured by diamonds: and if you care to, honor note to Almida if you can pay her little at time. All other notes are taken care of in some manner." It was signed, and The other note was brief instruction that the Sharkey Undertaking Co. be notified in case of accident. Krieger was reported missing at today by Mrs. Krieger, who said he had their home at Bellerive Acres, immediately west of the Bellerive Country Club and north Natural Bridge road, at o'clock, saying he was going out to mail letter. There was no further word of him until the body found. He was 40 years old. The Twelfth Street National Bank, 1113 Chouteau avenue, failed to open on Jan. 16, 1933, when six other banks also failed to open for business. Since that time, deposit1 have 95 per cent of their deposits. The latest installment paid by the receiver, Buckner Fisher, last Sept. 24, when announced that part or all of the remaining per cent would be paid after assets were liquidatStockholders had been assessed $300,000, value their holdings, to pay off depositors, in conformity the national banking law. The bank receiver declined to say how much stock Krieger had owned in Since the closing of the bank, Krieger had been working as real estate salesman. Two days ago he sold his automobile used-car agency North Kingshighway boulevard, remarking that he needed money would be able to wife's automobile when he needed it. Last night, as his custom, he dropped at drug store near home, had soft drink, chatted briefly and cheerfully with acbefore left. His body was identified today at the morgue by his uncle. John Sharkey, proprietor of the undertaking company mentioned in of notes. Also surviving is Robert.

6. December 14, 1934 The Washington Times Washington, DC
Article from The Washington Times, December 14, 1934

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Article Text

BANKER FOUND SHOT TO DEATH ST. LOUIS, Dec. 14 (I.N.S.). The body of Henry W. Krieger, former vice president and cashier of the closed Twelfth Street National Bank, was found yesterday on a deserted stretch of road, a bullet wound in the right temple. The body was discovered about ten hours after Mr. Krieger had left his palatial home in St. Louis county telling his wife and son that he was going to mail some letters. Police announced that the evidence indicated that Mr. Krieger had committed suicide. Mr. Krieger was vice president and cashier of the Twelfth Street National Bank at the time it closed. After the bank closed it was placed in Federal receivership and now is being liquidated by Receiver J. Buckner Fisher.