First National Bank (St Joseph, MO)

Episode Information

Episode UID
493901579
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
49390 national
Charter Number
4939
Start Date
July 1, 1931*
Location
St Joseph, Missouri

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9f96fb7cf490d231

Response Measures

None

Description

Bank closed in July 1931 and placed in receivership; 1933 federal banking holiday mentioned but bank was already defunct.

Events (4)

1. February 3, 1894 Chartered
Source
historical_nic
2. July 1, 1931* Receivership
Newspaper Excerpt
Since then it has repaid 60 per cent to depositors...receiver still possesses the good assets.
Source
newspapers
3. July 1, 1931* Suspension
Cause Details
Closed in July 1931 due to failure/insolvency leading to permanent closure and receiver action.
Newspaper Excerpt
When the bank closed July 1931, It had deposits of approximately $400,000.
Source
newspapers
4. March 9, 1933 Suspension
Cause
Government Action
Cause Details
Nationwide bank holiday proclaimed by the President (March 1933).
Newspaper Excerpt
President Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10.
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 The Chillicothe Constitution-Tribune, August 23, 1934

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Article Text

ASSESSMENT Stockholders of the Defunct First National Bank of fendants In Suit. INTEREST IS ALSO DEMANDED When Bank Closed July 1931 Had Deposits of Suits to assess 100 per cent on share of capital stock in the each defunct First National Bank of were filed in federal court today by the St. Joseph Newssays Press The three filed today. of the bank's against shares of stock and amounted to Above the full assessof share, the receiver ment $100 per collect the that seeks to has accrued on each. bank closed on July When the 1931, It had deposits. of approdSince then it has mately $400,000. repaid 60 per cent to depositors. able to collect the $100,000 on stock plus interest. the the capital able to pay out in bank be may today, full, receiver still possesses the good assets. many the bank was closed At the time moves to depositors made many but failed effect president, is now Joseph Citizens State Bank president of the the three 10 the him for The against gation is being Mary her 125 for against sued Colby sued share while shares. against for been prepared by have Robert M. receiver marshal. has United States deputy obtain service on been unable stated at the the federal building. in been by cuit