6670. Monroe National Bank (Monroe, LA)

View Charter #4082 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
4082
Charter Number
4082
Start Date
November 1, 1910
Location
Monroe, Louisiana (32.520, -92.077)

Metadata

Model
gpt-5-mini
Short Digest
6cc38c3972046fc1

Response Measures

None

Description

Multiple November 1910 articles report the Bank of Monroe (referred to here as Monroe National Bank) had closed its doors, was placed in receivership, and receivers paid depositors. Causes cited are insolvency and alleged manipulation/false statements by officers; no article describes a depositor run prior to suspension. The newspaper references call it Bank of Monroe while the prompt gives Monroe National Bank—likely the same institution; mentioned ownership by Bankers' Trust Co. and criminal affidavits against officers.

Events (4)
1. July 29, 1889 Chartered
Source
historical_nic
2. April 20, 1907 Voluntary Liquidation
Source
historical_nic
3. November 1, 1910 Receivership
Newspaper Excerpt
The receivers of the Bank of Monroe have paid the depositors $75,000 and announcement was made that all depositors would be paid in full. The bulk of the money...was furnished by J. E. Franklin, president of the Bankers' Trust company of St. Louis, who...is charged in a warrant sworn out by the state bank inspector with violation of the state banking laws through the alleged manipulation of the funds of the bank.
Source
newspapers
4. November 1, 1910 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed due to insolvency and alleged manipulation of funds; officers charged with making false statements, receiving deposits when insolvent, and contracting debts while failing; transfer of collateral and questionable loan transactions cited.
Newspaper Excerpt
State Bank Examiner W. L. Young swore affidavits against officials of the Bank of Monroe, which recently closed its doors
Source
newspapers

Newspaper Articles (10)
1. January 18, 1896 The News & Observer Raleigh, NC
Article from The News & Observer, January 18, 1896

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Article Text

THE NEWS THIS FOREIGN.-The Spanish Polavieja Cabinet to decides Campos in to appoint Gen. Cuba. The sitreplace at Gen. Havana is critical.-French 152,000,000 uation 1895 decreased 310,000,imports and for exports increased francs Floquet, a prominent Pres000 francs. -M. and formerly French ident of statesman England's the Council new of flying Ministers, Its squad- first is dying. at Spithead. ron will be the between Chili will probably be The destination assembled dispute peacefully Bermudas. and Argen- setDOMESTIC-The and engagement Mrs. Dimmick President reporter on a 'is tled. tine Harrison 'Ambition' Chicago of his exannounced. claims the play" suit Nat and files Goodwin.- as All branches for settlement paper and $50,000 waltention.-Battleship damage of against business the dull financial Monroe.-Elo Indiana David, general now merchant Liabilities at La., of makes an at assignment. Fort National at Bank Monroe, conference an executive of organization of friends of the gan's $60,00.-Farmers" work Portsmouth, free silver Ohio, committee suspends.-Mick object to carry appoints Michi- of As- the on white Tobacco at DanSouthern organized this Col. week J. S. Carr is sociation, which Toand of the American resentatives resent baceo of the to pass a resolution president, ville, Company. is to fight The South Venezuelan House Carolina of mes- Rep- leg enislature dorsing Cleveland's Quinn to meet in El sage. Paso Maher-Pitzsingenatorial to-day Julian and and select fight.-No referee dead-lock.- injured for change the Maryland's people killed New and York.-Mayor three a refuses has Smith, of Police Martin, always by Two in Jocomotive Chief Charleston, of in law.-La- to who re-apto Europe West York & Co., have rice South zard bars point Freres upheld will dispensary ship $1,000,000 assigned.-Scaroline and in in gold ne- C. gro the Jaborers falling of a roof William of a ered arrested shanty. near Petersburg, Mrs. Manson, of Law- New New by from A killed negro, Frank for mud-cov- stealing Green, of Chicago, through dinal not ler, diamonds his services, Pope in the Leo Vene- Car- has in offered Satolli, as arbitrator as was reported England. About but a Lord Roseberry Severo clined to Prevost, of the New ed zuelan his services, controversy, accept them.-Mr. year ago he York Secretary tender- bar, deMalett probably be A bill into the in Virginia will Venezuelan selected Commission.-A Legislature Warehousing introduced the Tobacco of Richmond, and with of $100,000. and corporating Trading capital office Company stock in Danville.- murder Thomas in SaV. principal Ponder, The convicted first white of man in fifteen convicted of No white man has passengers injured, years. vannah. murder war.-Fifteen in that city been accident hanged since the six seriously, by a bad railway, in on the and Butler does the Colorado.-Populist A Midland Terminal National Commit- Inin St. St. Louis, tee meet talking. and Three Milwaukee cities, The ask question for the be National Convention. July 21st practicCONGRESS.-T passed by dianapolis ally decided decided to-day. upon as the Pension the time. House. Appro- No to amendments bill for Cuba priation allowed.-The Monday/The applauded. Blind Senate new chaplain's adjourns prayer until on Foreign Rela-House Committee Davis' reaffirming tions adopts the Senator Monroe day of doctrine. the resolution N. Bonner Pitts C.trial at A. Hanks, of friend murder Death Col. of Dr. J. S. L. impossible Carr writes for a him to that boro. accept it a would nomination be for Governor.

2. November 2, 1910 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, November 2, 1910

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Article Text

Receivers Will Pay in Full Monroe, La., November 1.-The receivers of the Bank of Monroe today paid to depositors $75,000 and announcement was made that all depositors would be paid in full. The bulk of the money turned over to the receivers of the failed bank for this purpose was furnished by J. E. Franklin, president of the Bankers' Trust company of St. Louis, who, together with local officers of the bank, is charged in a warrant sworn out by the state bank inspector with violation of the state banking laws through the alleged manipulation of the funds of the bank.

3. November 4, 1910 The Green Forest Tribune Green Forest, AR
Article from The Green Forest Tribune, November 4, 1910

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Article Text

Receivers Pay the Depositors. Monroe, La.-The receivers of the Bank of Monroe have paid the depositors $75,000 and announcement was made that all depositors would be paid in full. The bulk of the money turned over to the receivers of the failed bank for this purpose was furnished by J. E. Franklin, president of the Bankers' Trust Company of St. Louis, who, together with local officers of the bank, is charged in a warrant sworn out by the state bank examiner with violating the state banking laws through the alleged manipulation of the funds of the bank

4. November 4, 1910 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 4, 1910

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Article Text

MONROE BANK OFFICIALS ARRESTED Charged With Making False Statements and Receiving Deposits. Monroe.-State Bank Examiner W. L. Young swore affidavits against officials of the Bank of Monroe, which recently closed its doors, charging them with making false statements concerning the bank's condition, receiving deposits after they knew the bank was insolvent and with contracting a debt when they knew the bank was in a failing condition. The receivers swore to an affidavit charging C. S. Marsh of St. Louis with conspiracy. Marsh is secretary of the Bankers' Trust Company of St. Louis. The charge against him, y it is alleged, grew out of a recent transaction, in which $112,000 of collateral held by the Bank of Monroe :was transferred to the St. Louis con: is cern for a loan of $45,000. The bank dhere closed right after this transace tion. The Bank of Monroe owes depositors about $100,000 and other banks about $70,000. The Bankers ds Trust Company owns 51 per cent o 1d the stock of the closed bank.

5. November 11, 1910 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 11, 1910

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Article Text

MONROE BANK OFFICIALS ARRESTED Charged With Making False Statements and Receiving Deposits. Monroe.-State Bank Examiner W. L. Young swore affidavits against officials of the Bank of Monroe, which recently closed its doors, charging them with making false statements concerning the bank's condition, receiving deposits after they knew the bank was insolvent and with contracting a debt when they knew the bank was in a failing condition. The receivers swore to an affidavit charging C. S. Marsh of St. Louis with conspiracy. Marsh is secretary of the Bankers' Trust Company of St. Louis. The charge against him, it is alleged, grew out of a recent transaction, in which $112,000 of collateral held by the Bank of Monroe was transferred to the St. Louis conS cern for a loan of $45,000. The bank 1here closed right after this transac e tion. The Bank of Monroe owes de positors about $100,000 and other banks about $70,000. The Bankers Is Trust Company owns 51 per cent o 1d the stock of the closed bank.

6. November 12, 1910 Lower Coast Gazette Pointe a La Hache, LA
Article from Lower Coast Gazette, November 12, 1910

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Article Text

Receivers Pay the Depositors. Monroe. La.-The receivers of the Bank of Monroe have paid the depositors $75,000 and announcement Was made that all depositors would be paid in full. The bulk of the money turned over to the receivers of the failed bank for this purpose was furnished by J. E. Franklin, president of the Bankers' Trust Company of St. Louis, who, together with local officers of the bank, is charged 111 a warrant sworn out by the state bank examiner with violating the state banking laws through the alleged manipulation of the funds of the bank

7. November 12, 1910 The Thibodaux Sentinel Thibodaux, LA
Article from The Thibodaux Sentinel, November 12, 1910

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Article Text

Receivers Pay the Depositors. Monroe, La.-The receivers of the Bank of Monroe have paid the depositors $75,000 and announcement was made that all depositors would be paid in full. The bulk of the money turned over to the receivers of the failed bank for this purpose was furnished by J. E. Franklin, president of the Bankers' Trust Company of St. Louis, who, together with local officers of the bank, is charged in a warrant sworn out by the state bank examiner with violating the state banking laws through the alleged manipulation of the funds of the bank

8. November 18, 1910 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 18, 1910

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Article Text

MONROE BANK OFFICIALS ARRESTED Charged With Making False Statements and Receiving Deposits. Monroe.State Bank Examiner W. L. Young swore affidavits against officials of the Bank of Monroe, which recently closed its doors, charging them with making false statements concerning the bank's condition, receiving deposits after they knew the bank was insolvent and with contracting a debt when they knew the bank was in a failing condition. The receivers swore to an affidavit charging C. S. Marsh of St. Louis with conspiracy. Marsh is secretary of the Bankers' Trust Company of St. Louis. The charge against him, it is alleged, grew out of a recent transaction, in which $112,000 of collateral held by the Bank of Monroe was transferred to the St. Louis conS cern for a loan of $45,000. The bank dhere closed right after this transaction. The Bank of Monroe owes depositors about $100,000 and other banks about $70,000. The Bankers is Trust Company owns 51 per cent of 1d the stock of the closed bank.

9. November 19, 1910 Lower Coast Gazette Pointe a La Hache, LA
Article from Lower Coast Gazette, November 19, 1910

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Article Text

Receivers Pay the Depositors. Monroe. La.-The receivers of the Bank of Monroe have paid the depositors $75,000 and announcement was made that all depositors would be paid in full. The bulk of the money turned over to the receivers of the failed bank for this purpose was furnished by J. E. Franklin, president of the Bankers' Trust Company of St. Louis, who, together with local officers of the bank, is charged in a warrant sworn out by the state bank examiner with violating the state banking laws through the alleged manipulation of the funds of the bank

10. November 25, 1910 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, November 25, 1910

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Article Text

MONROE BANK OFFICIALS ARRESTED Charged With Making False Statements and Receiving Deposits. Monroe.-State Bank Examiner W. L. Young swore affidavits against officials of the Bank of Monroe, which recently closed its doors, charging them with making false statements concerning the bank's condition, receiving deposits after they knew the bank was insolvent and with contracting a debt when they knew the bank was in a failing condition. The receivers swore to an affidavit charging C. S. Marsh of St. Louis with conspiracy. Marsh is secretary of the Bankers' Trust Company of St. Louis. The charge against him, it is alleged, grew out of a recent transaction, in which $112,000 of collateral held by the Bank of Monroe was transferred to the St. Louis concern for a loan of $45,000. The bank dhere closed right after this transaction. The Bank of Monroe owes depositors about $100,000 and other banks about $70,000. The Bankers Trust Company owns 51 per cent of 1d the stock of the closed bank.