Grand National Bank (St Louis, MO)

Episode Information

Episode UID
1222001565
Episode Type
Run โ†’ Suspension โ†’ Closure
Bank Type
national
Bank ID
122200 national
Charter Number
12220
Start Date
May 31, 1930
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
19906c20b0651d16

Response Measures

Accommodated withdrawals, Borrowed from banks or large institutions, Fed/other loan, Public signal of financial health, Partial suspension

Receivership Details

Depositor recovery rate
89.0%
Date receivership started
1934-03-19
Share of assets assessed as good
37.6%
Share of assets assessed as doubtful
49.1%
Share of assets assessed as worthless
13.4%

Description

The 1930 run followed a large safe-deposit looting; the bank later joined the 1933 moratorium and was placed in receivership in 1934 (causality between events unclear).

Events (5)

1. June 15, 1922 Chartered
Source
historical_nic
2. May 31, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Massive robbery/looting of safe deposit vault (over $1,000,000 stolen or missing), disclosed loss ~ $350,000 to bank.
Measures
Posted 30-60 days' notice for savings withdrawals; Federal Reserve sent funds; $450,000 emergency loan from Chase National; uniformed police guarded door.
Newspaper Excerpt
Customers started run on the bank today. More than 100 customers in line to withdraw their deposits when the institution opened its doors.
Source
newspapers
3. March 9, 1933 Suspension
Cause
Government Action
Cause Details
State/federal banking holiday/moratorium declared in March 1933; banks in Missouri (including this bank) failed to open after the moratorium.
Newspaper Excerpt
The Banks ... suspended normal operations in conformity with Presidential proclamation ... all the banks closing the United States for a period ending Friday, March 10.
Source
newspapers
4. March 19, 1934 Receivership
Source
historical_nic
5. March 20, 1934 Receivership
Newspaper Excerpt
John W. Snyder has been appointed receiver for the Grand National Bank of St. Louis, Comptroller of the Currency today announced; receiver would proceed with liquidation of the bank.
Source
newspapers

Newspaper Articles (19)

Article from Carthage Evening Press, May 31, 1930

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LOUIS BANK LOOTING CALLED AN INSIDE Tools Are Found in Basement SUSPECTS HELD Chief of Detectives Declares Some Person in Bank "Knew What Going On" Associated St. Louis, May tools, found in the basement of the Grand National bank, looted of more than one million dollars when safe deposit boxes were robbed Sunday, strengthened Chief of Detectives Kaiser's theory of an "inside job." Three men, including two former officials of the institution, are held under $50,000 bond each, to answer any charge that may be placed against them. search of the unused and unlighted basement rooms of the bank last night disclosed police 12 percussion caps of the type used in setting the explosive which blasted the vault door, quantity of soap, lamp, punch, pound hammer and pinch bar. "Apparently this is an inside job," Chief of Detectives Kaiser declared, "and you can quote me to that effect.' Somebody with inside knowledge of the vaults or bank knew what was ing The inside door of the vault was unlocked, Kaiser said, adding the blasting of the door was merely to "throw dust in the eyes of the police." Start "Run" on Bank Customers started run on the bank today. More than 100 customers in line to withdraw their deposits when the institution opened its doors. An hour later the line extended for nearly block and uniformed policemen guarded the door, admitting them few The Federal Reserve bank sent $250,000 to the institution two days ago, in anticipation of withdrawals. Declares Bank Solvent Officers of the bank posted bulletins today requiring 30 to 60 days' notice for withdrawal of savings accounts. Vice President Joseph Ledbetter repeated an announcement made yesterday by President Ed Mays, that the bank was sound and in liquid condition.


Article from Jefferson City Post-Tribune, May 31, 1930

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Finding of Safe Wrecking Tools Under the Bank Bolsters Theory. MERE PLAY Was To Throw Designed Dust In the Eyes of Police ST. LOUIS, Mo., May tools found in the wrecking basement of the Grand National Bank, looted of more than in the burglary of the safety deposit vault Sunday, has strengthened chief of detectives Kaiser's of an "inside Three theory two former officials men, including the held under bond each to answer to any $50,000 charge that may be placed against them. of unusued and unlightsearch the bank last basement rooms night disclosed to police percusof the type setting sion caps, which blasted the off the explosive door, quantity of soap, vault hammer Jamp, punch, pinch bar. this inside "Apparently Detectives Kaiser Chief quote to clared, "and you can with inside that effect. Somebody vaults the bank knowledge of the knew what was going the vault The inside said, adding the unlocked, Kaiser of the door was merely blasting of the throw dust in the Strozier, negro janitor, Ben the detective hours late Sunday, out and apparently chief pointed as Strozier the burglars, surprised finished before ordinarily bound, gagjanitor in closet was placed custodian of the William the trio arrested. vault, one ism not told police tin, until o'clock, reach the bank vault to get his he went to the when cigarettes. held Gifford The other two are ing cashier and director, Herbert, and Morris yesterday, hotel pro"Sappho" Barnholtz, box holdand safety deposit prietor arrested Sunday Barnholtz was his box, had police learned when by the robbers been singled out another Heaviest losers include the bank cash and about $350,by customsecurities posted in collateral; National loans ers Indemnity Exchange, tinental Life Insurance Investment Co., 000; Muckerman Sanders, $72,000; $94,000; Edwin and Dr. Kramer, $35,000; Henry John Flury, run on the Customers started More than custombank today. line to withdraw their were in when the institution opendeposits hour later the line its doors. An block and extended for nearly the door iformed policemen guarded few at time. them Reserve Bank sent The Federal institution two days $250,000 to the in anticipation of bank bulleOfficers of the posted thirty to sixty tins today requiring withdrawal of notice accounts. V. LedbetVice President Joseph repeated by President made yesterday was sound and that the bank Mays and that, after in liquid condition in securities loss of $350,000 charged off, its $43,000 in cash was would be unimcapital of $700,000 its surplus reduced paired and $150,000.


Article from The Kansas City Star, May 31, 1930

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RUN ON LOOTED WITHDRAW FUNDS FROM LOUIS Police Required Guard Before Grand Repeated Announce- May Customers started today on the Grand National Bank. which was "looted of than million dollars by robbers who broke into the vault early last Sunday. Despite repeated announcements its officers that the institution sound more hundred depositors standing in line withdraw their funds the bank opened this morning. An hour later the extended block, and uniformed police guarded door, admitting time. Two days ago the federal sent million dollars used against withdrawals. Officers the bank posted bulletins requiring from thirty to sixty days' notice for withdrawing savings counts. Ed Mays, and Joseph Ledbetter. vice-president. today peated an announcement previously that after its $350,000 securities and $43,000 cash had charged off. the bank's capital would unimpaired, and its surplus reduced The discovery last night of wrecking tools the basement the bank building strengthened the police theory the looting was an "inside job." Three includformer officials of the instiare held under $50,000 bond each in connection with the


Article from Sun Herald, May 31, 1930

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RUN STARTED ON BANK ROBBED LAST SUNDAY St. Louis, May 31. found the Grand National Bank, looted than when safety deposit robbed Sunday, strengthened Chief ser's theory an "inside including former officials institution. held under $50,000 each to answer any charges that may be placed against them. search of unused and unlighted the bank night disclosed police caps, the setting off plosive which blasted the vault door, quantity soap, lamp, punch The inside the vault unlocked, Kaiser Adding blasting the merely throw the eyes the LINE BLOCK LONG Customers started the bank today. More than 100 were line withdraw their when the institution opened doors. hour later the tended nearly block and formed guarded the door, them time. Officers the posted bulletins today thirty sixty days notice for withdrawal savings Vice Joseph Ledbetter repeated terday President Ed Mays that the bank sound and in liquid condition.


Article from Joplin Globe, June 1, 1930

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MONEY TRUCKS BRING NEEDCASH DEPOSITORY LOUIS. St. Louis, May Grand National bank, looted more than in cash, securities and other valuables, taken from safe deposit boxes week ago, weathered today. long line of customers, fearing the institution would fail after closure yesterday that its part of the approximate filed bank all day withthrough drawing deposits. At times, the line extended more than block down street. $450,000 One Truck. Twice trucks with money additional cash from the federal bank. One delivery, the reserve bank announced, consisted $450,lent for the the emergency Chase National bank of New York. Late today, President Ed Mays out statement that the crisis had that demands had passed, met and would continue to be He declared the bank is solmet. and will to operate. Uniformed police guarded the door, ten customers patrolled sidewalk, time, those waiting in line keeping order ordering spectators Anticipating heavy withdrawals, officers had posted bulletins bank thirty and sixty days' notice for withdrawals from savings accounts. Continuing their officials reiterated their robbery "inside plaining they were convinced bank's employ familiar with robbers' plans before the looting, which took place last Sunday morning while the safe deposit vault, being dismantled for Gifford moving, Herbert, cashier, who has resigned, and William Brittin, custodian the vault, was fired yesterunder $50,000 bonds inday, vestigation in the burglary. Missing Lawyer Returns. Jacksonville, May Paul Thompson, prominent Jacksonville attorney who disapfrom Louis four months peared conference with following tong leaders there, returned home here today. weakened physical and apparently suffering from shock.


Article from Evening Star, June 1, 1930

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ROBBED ST. LOUIS BANK SURVIVES RUN Depositors Crowd Into Institution Which Lost $1,000,000 a Week Ago. By the Associated Press. ST. LOUIS, May 31.-The Grand National Bank, looted of more than $1,000,000 in cash, securities and other valuables taken from safe deposit boxes a week ago, weathered a run today. A long line of customers, fearing the institution would fail after disclosure yesterday that its part of the loss would approximate $400,000, filed through the bank all day withdrawing deposits. At times the line extended for more than a block down the street. Twice money trucks arrived with additional cash from the Federal Reserve Bank. One delivery, the bank announced, consisted of $450,000 loaned for the emergency by the Chase National Bank of New York. Late today President Ed Mays declared that the crisis had passed and that all demands had been met and would continue to be met. He said the bank is solvent. Continuing their investigation, police officials reiterated their opinion the robbery was an "inside job." They were convinced that some one in the bank's employ was familiar with the robbers' plans before the looting, which took place last Sunday morning, while the safe deposit vault, being dismantled for moving, was unguarded. Gifford J. Herbert, cashier, who has resigned, and William A. Brittin, custodian of the vault, who was discharged yesterday, are under $50,000 bonds pending investigation.


Article from The Baltimore Sun, June 1, 1930

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Looted Of Million, Grand National Stormed By Depositors FUNDS ON HAND TWICE REPLENISHED Police Term Robbery Inside Job St. Louis, May 31 Grand National looted of more than cash, and other valuables taken boxes week ago, weathered run today. long fearing the institution would fail after disclosure yesterday part would approximate $400,000, filed through the bank all day, withdrawing deposits. At times the line extended for more than block down the street. Funds Twice Replenished Twice trucks arrived with additional cash from the Federal Reserve Bank. One the bank anof for the by the Chase National New York. Late the day Ed Mays, president the bank, that the crisis had passed and that all demands had been and would continue to be met. He said the bank solvent. "Inside Job," Police Assert Continuing their investigation, lice officials reiterated their opinion the robbery was an "inside They that some one in the bank's employ was familiar with the robbers' the looting, took last Sunday morning while the safe deposit vault, being dismantled for was unguarded. Gifford Herbert, cashier, who resigned, and William Brittin, todian vault, who was discharged yesterday, are under $50,000 bonds pending investigation.


Article from St. Joseph Gazette, June 1, 1930

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RUN MADE ON LOOTED BANK Federal Reserve Aids St. Louis Institution in Weathering Storm. ST. LOUIS, Grand National Bank. looted of more than $1,000,000 in cash, curities and other valuables taken from safe deposit boxes week ago, weathered run long customers fearing the institution fail after dis closure yesterday that its part of the loss would approximate $400,filed through the bank all day withdrawing deposits times the extended more than block down the street Twice money trucks arrived with additional cash from the Federal Reserve Bank One the bank consisted of $450.000- lent for mergency by the Chase National Bank New York Late today President Ed Mays out statement that the crisis had passed. that all demands had bene met and would continue be met. He declared the bank soland will continue to operate Uniformed police guarded the door, admitting ten customers at time, and patrolled the sidewalk keeping those waiting in line in order and ordering spectators to move on Continuing their investigation police officials reiterated their opinion the robbery was an "inside explaining were convinced someone in. the bank's employ. was familiar with the robbers plans before the looting which took place Sunday morning while the safe deposit vault. being dis for unguardhas resigned, and William Brittin custodian the vault, who fired under $50. 000 bonds for investigation in the burglary


Article from Bristol Herald Courier, June 1, 1930

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MEETS Many Southwest Game Organizations Representat Meeting Va., May (Spl.) Virginia Commission Game Inland meeting here heard numerous Southwest Virginia discuss the game fish situation their Many made application for stocking of various and bass streams Washington, Smyth, Tazewell, Grayson Carroll coun- Among organizations represented Washington county fox hunt. line hound dog association, Rich Valley game association county game and protective association. At the conclusion of the morning session the members and sportsmen attended luncheon Hotel Marion. During the afternoon trout and pools on the grounds of Hospital and the bass breeding pool and Forest Lake inspected. present Major A. Willis Robertson, chairStraus of Allen Eppes Blackstone, Goodloe of Afton and Snow of Grand National St. at Louis Borrows $450,000 to Pay Depositors ST. Grand National Bank. looted more ties and other valuables taken from safe deposit boxes week run today. long line of fearing the would fail after closure that part the the would filed through bank drawing times for more than block down the street. Twice money trucks arrived additional cash from Federal Reserve bank the bank announced, consisted of $450.and 000 for emergency the Chase National Bank of York. Late today President Ed Mays declared that the crisis had passed that demands had been met and continue to met. He the bank was solvent. Continuing their investigation, the police officials their that the the robbery was an They were that the bank's employ familiar with robbers' plans before the looting. which took place last while safe deposit vault, being dismantled for moving was Gifford Herbert, cashier, has resigned and William custodian the who discharged yesterday. under $50,000 bonds pending investigation.


Article from The St. Louis Star and Times, June 2, 1930

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CASHIER GETS HIS JOB BACK Bank Watchman Max Seufert Discharged as Herbert and Custodian Brittin Are Reinstated. ELEVATOR SHAFT CLEW IN ROBBERY Mays Tells of Plan to Take Business Into Institution Called 'Continental National.' Five new developments relating to the Grand National Bank robbery today the bank opened for business They plan reorganize the bank evidence of the bank in sound of Cashier GifHerbert resigned, and Custodian William Brittin, who had been of and important Dismissal of Bank Watchman Max Seufert President Ed Mays issued the following statement about the reorganization plans 'Our institution in sound condition and its capital and surplus are unimpaired. We plan to keep that capital and that we draw necessary. should any suits be filed against the Grand tional. Business Normal plan to take the business of the into institution known the Continental National Bank which to with entirely capital surplus. To this propose apply for permission the United States of currency Washington Only few depositors were in the bank this morning. They came to conduct ordinary business. was evident that bank's directors had completely the "run" which started Saturday morning After meeting withdrawals ing $739,000. bank had $750,000 cash on hand at the close of busiSaturday night, The clew the discovery that the bandits might easily have entered the bank basement and moved loot by means elevator shaft leading through the Beers Hotel building, in which the bank Explains Reinstatements Herbert Brittin whose con nections with the bank ended they had rested and placed under bond to that might be placed against them connection with the robbery. were reinstated. Mays said, because the directors the "have the utmost confidence these Mays explained that Brittin and Herbert permitted resign "because wanted to give the police free rein in their invesHerbert and Brittin resumed their former duties today Brittin custodian of deposit department where the robbers gained trance on the morning May 25 and made more than worth securities, cash jewelry from safe deposit the bank and its patrons The throws an new light on the question to the got in and out of the bank been that they entered by the front on Grand with key, although one reported anybody leaving the bank during time the no business On daylight and of the in the city, the burglars got into the bank and and left some time noon. Today reporters the might used vator shaft the basement get into the department door in the wall of the on the elevator shaft. It directly opposite temporary iron door which guarded the deposit vault elevator. an ancient affair, operated by cable, runs tween the ground floor of the bank building. Mays disclosed that the time of the robbery, pended at the ground floor, that anyone could have the shaft, able to walk under the and into by forcing the door which guarded (Continued on Page


Article from The Missouri Telegraph, June 5, 1930

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FULTON YOUTHS IN WRONG LINE Wating For an Hour For Show Tickets Boys Find Selves in Gold Rush. Two Falton youths, in Louis Saturday, found themselves in amusement and decided to take theatre They wandered Grand Avenue, expecting attend Theatre lined up with hey supposed were other pleasure seekers, and after an extended about hour, found themselves the midst miniature Klondike Reaching the vicinity of the the boys stepped the line, which they supposed to secure tickets for the The line made little progress and the boys stood and stood making any great about the matter Finally of boys grow impatient Billy McClure turned and remarked. believe they open until The front of them iround rapidly and with his almost gasped have they dawned upon the boys they in the wrong line investigation proved that they line of depositors that on the Grand Nationa which robbed the before of about million


Article from The Ericson Journal, April 30, 1931

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Run Follows Bank's Loss By Loot Of Boxes Customers File Through Doors Entire Day But They Are Paid in Full Special Motion Pictures for Youngsters Meet Disapproval of Children GENEVA. May 31-(P)-The League The Musicians' Club board of of Nations has learned officially what ernors will hear reports at its Wedof houses nesday morning meeting on the first proprietors movie have week's results of the membership drive known for long time, that special now being put One thousand films for children disap- members the goal which sought proval from the youngsters them- list artists which the club has presented various times is selves. held an of the attracThe International Cinematographic which will foster in the fuInstitute has filed lengthy report ture. With larger the with the secretariat showing that better club expects to increase and there is little difference in this re- its activities. spect among the children of different countries. Furthermore, the report says that no one need be surprised at this because: film suited to children can only be produced an artist and producer working together. The report lists two chief causes for the almost universal failure these films. The first that kids do not like them because educational factor is too obvious; the second that adults, who accompany children the theatres do like to attend shows. The triple alliance needed for successful outlined by the institute in this fashion "The psychologist should find out the childs' real and not theoretical which vary age, social environment and habits "The artist should realize that no audience has keener sense beauty than an audience children and the ideas of the psycholo- The producer should add his techknowledge to the ideas of the other two." The institute recognizes several types of films as satisfactory to young fans Historical, political and ligionus themes can be adapted the intelligence of children and ventures or examples of courage and patriotism can put up in nondramatic but form. Classical stories fablse need need to be adapted suit modern tastes. If informative films put out they should depict episodes from real life. As for modern drama, the test fitness given whether they are for children to in. whether they are fit for children to act in as well see. ST. LOUIS. May Grand National Bank. looted of more than $1,000,000 in cash. securities and other valuables taken from safe deposit boxes week ago, weathered run today. long line of customers, fearing the institution would fail after disclosure yesterday that its part of the loss would approximate $400.000 filed through the bank all day withdrawing deposits. At times the extended for more than block down the Twice money trucks arrived with additional cash the Federal Reserve Bank. One the announced, consisted of $450,000 lent for the emergency by the Chase National Bank New York Late today President Ed Mays declared that the had passed and that demands had been met and continue to be met. He said the bank Horace A. Hawkins Resting Comfortably in Local Hospital their investigation. police Horace A. Hawkins. veteran newsofficials reiterated their opinion that paperman, is patient at Stuart the robbery was "inside job. They Circle He is not seriously ill and was were convinced that some one in the said be resting comfortably late bank's employ was familiar with the Mr who has robbers 'plans the looting. which been in newspaper work for fifty-two took place last Sunday morning while Richmond, Danville and the safe deposit being Lynchburg. has circle of acmantled for moving was unguarded quaintances the State Gifford Herbert, cashier who has As writer for the Evening Jourresigned, and William A. Brittin. cus- nal, the Evening Dispatch, and The todian of the vault. who was dis- he has covered many you call at once. charged yesterday. are under $50.000 major political and court happenings bonds pending investigation. for nearly half century


Article from Mound City News-Independent, March 9, 1933

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CITIZENS CALM DURING EMERGENCY Exchange Bank Suspended Operations In Conformity Presidential Proclama- tion. The Banks of Holt County suspended normal morning to conform Saturday with state wide holiday order a issued by Governor Guy Park. for Since that time President of Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10. The local banks have followregulations ordering them laid down by the secreclose, of the treasury. Some have tary remained open during regular hours for the purpose banking of making change. There is no cause for any alarm the local regarding tion as all the Holt County banks are believed to be in cellent condition. has been convened Congress special session beginning today (Thursday) and acnoon cording to radio reports have legislation conferring passed extraordinary to Presipowers dent Roosevelt, trol all banks until this emeris safely past. The spirit fortitude and patience with which the people this community and the tire has reacted to the country bank holiday, has emergency been surprising. individuals and busiMany houses found themselves ness with small amount of only hand when the currency on bank went into effect. holiday St. Business has been retarded to extent. Merchants some most cases have accepted checks for the exact amount but have been purchases tant to let loose of any currenor silver in change. Bank here The Exchange to be strong as known is anywhere, and bank there must be attributed its closing solely to the the nation. ditions throughout thing that Now the only to await the order to with patience banks after the the open and regulational adjustments formulated and tions have been issued.


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

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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 St. Joseph News-Press, January 22, 1934

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HUGE SUM RELEASED Over $22,000,000 in Frozen Deposits in Missouri Freed. About $9,000,000 in Closed National Institutions Is Still Unavailable. Jan. deposits tied up tional banks Missouri failed open after the banking moratorium but approximately $9,000,000 has been for depositor the comptroller currency today. The status of the thirteen banks failed open: Five banks involving deposits of have been reopened, habilitated, reorganized under charters, the acceptable assets sold to another bank. Three to Be Reorganized. Three banks with $1,543,000 deposits plans stages consumThey are the Grand National Bank, Louis; the National Bank, Webster the Bank, Lamar. banks deposits of $278,000 not They the First National Bank, Grove, and the First National Bank, Wind- Three Are in Liquidation Three banks with deposits of 707,000 in the for They are the Cherokee National Bank and the Southside National Bank, Both St. Louis, the People's National Bank; the National out organization plan plates the release of 100 per cent secured deposits 50 per unsecured deposits. The five banks have been reorganized First National Bank, Third National Bank, National Bank, Exchange National Bank, Louis, and the Fidelity National Trust Company, Kansas City.


Article from Daily American Republic, January 22, 1934

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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.


Article from St. Joseph News-Press, March 20, 1934

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BANK RECEIVER NAMED. John W. Snyder WIN Liquidate Grand National of St. Louis. WASHINGTON, March 20. W. Snyder has been appointed for the Grand National Bank of Louis, Comptroller Currency today was expected receiver would proceed with liquidation of the bank


Article from Rich Hill Mining Review, March 29, 1934

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A PLUM TO RUBEY HULEN Clark Indorses H m as Attorney for St, Louis Bank Receiver Washington, March 28. -One of the largest political plums in federal patronage went to Rubey M. Hulen of Columbia, chairman of the Missouri Democratic state committee, Wednesday when Sen stor Bennett C. Clark recommend ed him as attorney for the receiver of the Grand National Bank of St. Louis. Hulen's formal appointment will be ma le later in the week by John W. Suyder, who Wednesday was named receiver for the de funct bank by the comptreller of the currency. The appointment of Hulen prob ably will result in a more friendly relationship with Clark after a re ported break earlier in the winter when the senstor announced his support of Representative J. L Milligan of Richmond for the Democratic nomination to the senate Hulen at that time was soliciting for bis own candidacy.


Article from St. Louis Globe-Democrat, June 1, 1934

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Continental Holding Company Is Sued by Bank Receiver John W. Snyder, receiver for the defunct Grand National Bank, yesterday filed suit in Federal Court to recover $69,992 from the Continental Securities and Holding Company, of which Ed Mays is president. It is alleged that in De-