546. Bank of St Paul (St Paul, AR)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 12, 1930
Location
St Paul, Arkansas (35.824, -93.764)

Metadata

Model
gpt-5-mini
Short Digest
f23a049086e07aa4

Response Measures

None

Description

Multiple contemporaneous newspapers (Dec 12–13, 1930) report the Bank of St. Paul, St. Paul, Ark., was closed by its board of directors and affairs turned over to the state banking department. No article describes a depositor run preceding the closing; state examiners/department involvement indicates the institution did not simply reopen.

Events (2)
1. December 12, 1930 Receivership
Newspaper Excerpt
affairs turned over to the state banking department; closed today by the ... board of directors and affairs turned over to the state banking department (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The bank was closed today by order of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The bank was capitalized $10,000 and had deposits totaling (Courier News, Dec. 12, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department. (Courier News, Dec. 12, 1930).The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. (Des Moines Register, Dec. 13, 1930).Arkansas Bank Forced to Suspend Business (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of about (Sioux City Journal, Dec. 13, 1930).The bank had capital and surplus of $13,000 and deposits of $31,000. (Des Moines Register, Dec. 13, 1930).
Source
newspapers
2. December 12, 1930 Suspension
Cause
Government Action
Cause Details
Board of directors closed the bank and turned affairs over to the state banking department; state examiners took charge.
Newspaper Excerpt
The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department
Source
newspapers

Newspaper Articles (3)
1. December 12, 1930 The Courier News Blytheville, AR
Article from The Courier News, December 12, 1930

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Article Text

REOPENS People's Bank and Trust Reorganized; Two Small Banks Suspend. LITTLE ROCK, Dec. 12 Another Arkansas bank which sus pended business during the general last month resumed business today, and one falled to open and has been placed the hands state banking department. The People's Bank and Trust pended business Nov. has been recignized and opened Its doors The Bank of Paul, St. Paul, Ark., was closed today by the of its board of directors and affairs turned over to the state banking department It was Italized $10.000 and had deposits totaling The Wilniet Bank of Wilmot formed the state banking department It had closed under the five day suspension It is believed the institution will reopen after

2. December 13, 1930 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, December 13, 1930

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Article Text

BANK INVOKES 30 DAY RULING Raleigh, N. C., Institution Keeps Doors Open. RALEIGH, N. C. (/P)-The Mechanics Savings bank of Raleigh Friday invoked the thirty day rule on withdrawal of deposits. Officials announced no deposits were being accepted unless the depositor would leave the funds untouched for thirty days. The bank's doors were open as usual. Its last statement, as of Sept. 24, listed deposits at $660,058.49. Asheville, N. C., Bank Closes. ASHEVILLE, N. C. The Bank of West Asheville failed to open Friday. A notice on the door explained the institution was closed "by order of the board of directors, to conserve assets for the benefit of depositors. The bank was capitalized at $25,000 and listed deposits of $497,000. Close St. Paul, Ark., Bank. LITTLE ROCK The closing of the Bank of St. Paul, at St. Paul, Ark., was announced Friday. The bank had capital and surplus of $13,000 and deposits of $31,000: Tyrone, Pa., Bank Suspends. TYRONE, PA. The doors of the Farmers and Merchants National bank here were closed Friday and notice was posted that the action was taken in the interests of depositors. Citizens State, Colman, S. D. COLMAN, S. D. (A)-An examiner of the state banking department took charge of the Citizens State bank here Friday, after the board of directors had decided to close. The bank was capitalized at $10,000. Heavy Run Causes Closing. CHRISTOPHER, ILL. The Christopher State bank failed to open for business Friday. Steady withdrawals of deposits for the last several weeks prompted directors to order the institution closed, for the protection of depositors. Reorganization Underway. GAYVILLE, S. D. (P)-By order of its board of directors, the Security State bank of Gayville has closed its doors, pending a reorganization. The bank had deposits of approximately $425.000 and capital and surplus of $59,000.

3. December 13, 1930 The Sioux City Journal Sioux City, IA
Article from The Sioux City Journal, December 13, 1930

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Article Text

Arkansas Bank Forced to Suspend Business Little the Bank Paul. announced Friday. The bank had capital surplus and deposits of about