7732. Teutonia Bank and Trust Company (New Orleans, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 26, 1913
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
983846d5

Response Measures

None

Description

Articles (Dec 26, 1913 and Jan 2, 1914) describe the state bank examiner examining the Teutonia Bank's books, removal of T. Walter Danziger as receiver/liquidator and appointment of replacements. No mention of a depositor run; a receiver/liquidator is in place, implying the bank was closed and placed in liquidation.

Events (2)

1. December 26, 1913 Receivership
Newspaper Excerpt
Upon application of Michael Mischell ... removing Mr. Danzinger as receiver and appointing Mr. Mitchell in his place. St. Clair Adams Monday began his duties as liquidator of the Teutonia Bank and Trust Company ... Mr. Adams was appointed by W. J. Young, state bank examiner. (Dec.26,1913 / Jan.2,1914 articles).
Source
newspapers
2. December 26, 1913 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Missing receiver/liquidator (T. Walter Danziger) and apparent internal troubles prompted state examination and removal; bank placed into liquidation/receivership by authorities.
Newspaper Excerpt
the state bank examiner was going over the books of the Teutonia Bank and Trust Company ... removing Mr. Danzinger as receiver and appointing Mr. Mitchell in his place.
Source
newspapers

Newspaper Articles (2)

Article from The Sentinel=record, December 27, 1913

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Article Text

RECEIVER DISAPPEARS. Young New Orleans Financier Has Turned Up Missing. New Orleans, Dec. 26.-While relatives and friends of T. Walter Danziger tonight vainly tried to ascertain his whereabouts, the state bank examiner was going over the books of the Teutonia Bank and Trust Company and several accountants were checking books of Mr. Danziger's varied interests. A meeting of relatives and close friends of the young financier took place tonight but if any move was decided upon it was not made public. He has not been seen by any member of his family, they say, nor by business associates since last Tuesday. Mr. Danziger is a member of the real estate firm of Danziger and Tes. sier, one of the oldest in New Orleans, is liquidator for the Teutonia bank, the Mitchell-Borne Construction Company and the People's Insurance Company. The combined bond required of him for his work with these interests is $125,000. Mr. Danziger had about $500 with him when he left his apartments in a local hotel Tuesday. His young wife, to whom he was married less than a year ago, believes he has met foul play. His business associates offer no excuse for his absence. Upon application of Michael Mischell, who is financially interested in the Mitchell Borne Construction Company, a court order was signed late today by Judge Frederick King, of the civil district court removing Mr. Danzinger as receiver and appointing Mr. Mitchell in his place.


Article from The Rice Belt Journal, January 2, 1914

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Article Text

meeting. The people of Crowley look upon the loss of the sanitarium as a calamity and are anxious to lend assistance toward its rebuilding. Subscriptions aggregating $10,000 were offered at the meeting on Monday night. Police Search for Danziger. New Orleans.-The police were requested Sunday by the members of the family of T. Walter Danziger to search for the young financier, who has been missing since Tuesday. St. Clair Adams Monday began his duties as liquidator of the Teutonia Bank and Trust Company, a position which Mr. Danziger held until Tuesday. Mr. Adams. was appointed by W. J. Young, state bank examiner. Michael Mitchell succeeded Mr. Danziger as receiver for the MitchellBorne Construction Company and C. J. Tessier announced that the real estate firm of Danziger & Tessier had been dissolved. The state bank examiner is still working on the books of the Teutonia Bank and several accountants are busy on the books of the numerous enterprises which Mr. Danziger has been identified with.