7487. Union Bank & Trust Company (Baton Rouge, LA)

Bank Information

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

Metadata

Model
gpt-5-mini
Short Digest
f27a7954

Response Measures

None

Description

Articles (Sept 7, 1933) report a $1,020,000 Reconstruction Finance Corporation loan to the receiver of the Bank of Baton Rouge, indicating the bank had been placed in receivership (i.e., suspended and effectively closed). No article text describes a depositor run preceding suspension. Date of receivership is inferred as July 1933 because the RFC loan was authorized in July.

Events (1)
1. July 1, 1933* Receivership
Newspaper Excerpt
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.
Source
newspapers

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

Click image to open full size in new tab

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

Click image to open full size in new tab

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.