10908. First National Bank (Windsor, MO)

Bank Information

Episode Type
Suspension → Reopening
Bank Type
national
Bank ID
9519
Charter Number
9519
Start Date
March 1, 1933*
Location
Windsor, Missouri (38.532, -93.522)

Metadata

Model
gpt-5-mini
Short Digest
3a42d344

Response Measures

None

Receivership Details

Depositor recovery rate
79.1%
Date receivership started
1934-03-28
Date receivership terminated
1937-06-18
Share of assets assessed as good
42.7%
Share of assets assessed as doubtful
37.4%
Share of assets assessed as worthless
19.9%

Description

Articles (Jan 22, 1934) list First National Bank, Mountain Grove among national banks that failed to open after the banking moratorium last March and which (as of the report) did not have an approved reorganization plan. No run or depositor panic is described in the excerpts. The suspension appears to stem from the March 1933 banking moratorium; eventual reopening is not documented here but many banks were being reorganized, so I've classified as suspension_reopening and note uncertainty about ultimate outcome.

Events (3)

1. August 25, 1909 Chartered
Source
historical_nic
2. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Failed to open following the banking moratorium (banking holiday) in March 1933; remained closed without an approved reorganization plan as of Jan 22, 1934.
Newspaper Excerpt
Two banks with deposits of $278,000 do not have approved plans of reorganization. They are the First National Bank, Mountain Grove, the First National Bank, Windsor.
Source
newspapers
3. March 28, 1934 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from Jefferson City Post-Tribune, January 22, 1934

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Article Text

DEPOSITORS U. S. Comptroller Gives Status of Missouri Finincial Institutions; Are Being Reorganized. WASHINGTON, Jan. in deposits tied up National Banks in Missouri that failed to open after banking moratorium last March, all but approximately has been freed depositor use, the comptroller the currency announced today. The status the banks that failed to open: Five banks involving deposits of $22,891,000 have been reopened, habilitated, reorganized under new charters, acceptable assets to another bank. Three banks with $1,543,000 deposits have approved reorganization plans in various stages consummation. They the are Grand tional Bank, Louis; the First tional Bank Webster Groves; and the First National Bank, Lamar. Two banks with deposits of $278,do have approved plans reorganization. They are the First National Bank, Mountain Grove, the First National Bank, Windsor. Three banks with deposits of the hands receivfor liquidation. They are the Cherokee National Bank and the Southside Bank, both Louis, and People' National Bank, Seymour However the Southside National Bank receivers have out an approved organization plan which contemplates the release of 100 percent secured and 50 percent of deposits The five banks that have been reorganized First National Bank, Clayton; Third National Bank, Sedalia; Citizens' National Bank, Maplewood American Ex. change National Bank, St. Louis; and the Fidelity National Bank and Trust Company, Kansas City. Some 300 persons are living on Robinson Crusoe's


Article from Daily American Republic, January 22, 1934

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Article Text

DEPOSITS IN CLOSED BANKS BEING RELEASED By The Associated Press. Washington, Jan. 000 in deposits tied up in national banks in Missouri that failed to open after the banking moratorium last March, all but approximately $9,000,000 has been freed for depositor use, the comptroller of the currency announced today. The status of the 13 banks that failto open: Five banks involving deposits of $22,891 have been reopened, rehabilitated, reorganized under new charters ,or the acceptable assets sold to another bank. Three banks with deposits have approved reorganization plans in various stages of consummation. They are the Grand National Bank, St. Louis; the First National Bank, Webster Groves, and the First National Bank, Lamar. Two banks with deposits of $278,000 do not have approved plans of reorganization. They are the First National Bank, Mountain Grove, and the First National Bank, Windsor. Three banks with deposits of $6,are in the hands of receivers for liquidation. They are the Cherokee National Bank and the Southside National Bank, both of St. Louis, and the Peoples' National Bank, Seymour. However, the Southside National Bank receivers have worked out an approved reorganization plan which contemplates the release of 100 per cent of secured deposits and 50 per cent of unsecured deposits.