6628. Union Bank & Trust Company (Baton Rouge, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
July 1, 1933*
Location
Baton Rouge, Louisiana (30.451, -91.155)

Metadata

Model
gpt-5-mini
Short Digest
e4d6644b9ccaf445

Response Measures

None

Description

Newspaper reports (Sept 7, 1933) state the Union Bank & Trust Co., Baton Rouge, was in receivership and received an RFC loan in July 1933. No articles describe a depositor run; evidence indicates the bank had been suspended/placed in receivership and required RFC assistance.

Events (2)
1. July 1, 1933* Receivership
Newspaper Excerpt
The Union Bank & Trust Co., Baton Rouge (receiver), $540,000. -- loan authorized in Louisiana during July by the Reconstruction Finance corporation was that of $1,020,000 to the receiver of the Bank of Baton Rouge ... Other loans authorized were: The Union Bank & Trust Co., Baton Rouge (receiver), $540,000.
Source
newspapers
2. July 1, 1933* Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership; RFC authorized a loan to the receiver in July 1933.
Newspaper Excerpt
The Union Bank & Trust Company, Baton Rouge (receiver), $540,000.
Source
newspapers

Newspaper Articles (2)
1. September 7, 1933 The Town Talk Alexandria, LA
Article from The Town Talk, September 7, 1933

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Article Text

R. F. C. Loans in July in Louisiana Announced Sept )-The largest loan in Louisiana during July by the Reconstruction Finance Corporation was that of to the receiver of the Bank of Baton Rouge at Baton Rouge Other loans authoribed were: The Union Bank and Trust Company, Baton Rouge (receiver), $540.000 Gretna Trust and Savings Bank, (receiver) Bank of Gueydan, Gueydan. $11.- Security Investment and Lean First Joint Stock Land Bank. New Orleans, The following loans were cancelled during the month: Canal Bank and Trust Company, Interstate Trust and Banking Company. New Peoples Bank and Trust Company Minden, 15,000. Use Town Talk Classified Ads.

2. September 7, 1933 The Shreveport Journal Shreveport, LA
Article from The Shreveport Journal, September 7, 1933

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Article Text

$1,020,000 LOAN TO RECEIVER OF BATON ROUGE BANK IN JULY WASHINGTON. Sept. 7.-The largest loan authorized in Louisiana during July by the Reconstruction Finance corporation was that of $1,020,000 to the receiver of the Bank of Baton Rouge at Baton Rouge. Other loans authorized were: The Union Bank & Trust Co., Baton Rouge (receiver), $540,000. Gretna Trust & Savinks bank (receiver), $25,000. Bank of Gueydan, Gueydan, $11,068. Security Investment & Loan corporation, Monroe, $200,000. First Joint Stock Land bank, New Orleans, $24,500. The following loans were cancelled during the month: Canal Bank & Trust Co., New Orleans, $8,900,000. Interstate Trust & Banking Co., New Orleans, $136,000 Peoples Bank & Trust Co., Minden, $15,000.