Third National Bank (Sedalia, MO)

Episode Information

Episode UID
291901599
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
29190 national
Charter Number
2919
Start Date
March 9, 1933
Location
Sedalia, Missouri (38.704, -93.228)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bd676e52da8c79c3

Response Measures

None

Description

Closure was part of the March 1933 federal/state banking holiday; later reorganized and reopened by Jan 1934.

Events (4)

1. April 9, 1883 Chartered
Source
historical_nic
2. March 9, 1933 Suspension
Cause
Government Action
Cause Details
Banks closed under the March 1933 federal/state banking holiday proclaimed by President Roosevelt and followed by the governor.
Newspaper Excerpt
President Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10.
Source
newspapers
3. January 22, 1934 Other
Newspaper Excerpt
Five banks involving deposits ... have been reopened, rehabilitated, reorganized under new charters ... Third National Bank, Sedalia; ... have been reorganized.
Source
newspapers
4. January 22, 1934 Reopening
Newspaper Excerpt
The five banks that have been reorganized ... Third National Bank, Sedalia; ... have been reorganized (reopened).
Source
newspapers

Newspaper Articles (2)

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

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Article Text

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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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