St Landry Bank & Trust Company (Opelousas, LA)

Episode Information

Episode UID
876385891584
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
trust
Bank ID
87638589 hash
Start Date
December 18, 1931
Location
Opelousas, Louisiana (30.534, -92.082)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
df50a860268207e2

Response Measures

None

Description

Articles describe heavy withdrawals, a closure handed to the state commission, and an immediate reorganization; sequence and permanence of closure slightly ambiguous.

Events (4)

1. December 18, 1931 Other
Newspaper Excerpt
St. Landry Bank And Trust Co. Organized ... A new organization was suggested and the plans perfected Sunday night, following the speaking. Governor Huey P. Long ... assisted materially in the organization of the St. Landry Bank and Trust company.
Source
newspapers
2. December 18, 1931 Reopening
Newspaper Excerpt
Depositors having in excess of $25 were given certificates of deposit ... All deposits of $25 and under were released, immediately after opening, and paid if desired by the depositors.
Source
newspapers
3. December 18, 1931 Run
Cause
Rumor Or Misinformation
Cause Details
Several days of large withdrawals and local rumors/nervousness prompted heavier withdrawals
Measures
Depositors with over $25 were issued staggered certificates of deposit; small deposits paid immediately
Newspaper Excerpt
Large withdrawals, it is stated, had been in progress for several days, in Opelousas, and fearing a heavier run
Source
newspapers
4. December 18, 1931 Suspension
Cause
Government Action
Cause Details
President closed the bank and placed affairs under the state banking commission; bank examiner in charge
Newspaper Excerpt
fearing a heavier run, President Dubuisson closed the doors, and turned the affairs of the institution over to the state banking commission
Source
newspapers

Newspaper Articles (2)

Article from The Eunice News, December 18, 1931

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Article Text

St. Landry Bank And Trust Co. Organized (Continued from page 1) terests of the J. A. Haas estate, who has been highly successful in his numerous business undertakings for several years, was named as president of the new bank, while Jesse P. Barnette, one of the state's outstanding business men, was selected as first vice-president. Large withdrawals, it is stated, had been in progress for several days, in Opelousas, and fearing a heavier run, it is rumored, President Dubuisson closed the doors, and turned the affairs of the institution over to the state banking commission. Depositors having in excess of $25 were given certificates of deposit, Wednesday, over a period of four years, with five per cent being paid in cash, it being understood that another 15 per cent would be paid December 31, of next year, 25 per cent in 1933, 25 the following year, and 30 per cent the last time. All deposits of $25 and under were released, immediately after opening, and paid if desired by the depositors. A. R. Johnson was the Garland.


Article from The Eunice News, December 18, 1931

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Article Text

bank examiner in charge. Certificates of deposit issued by the Opelousas-St. Landry Bank and Trust company to the depositors of the Southern Trust and Savings Bank, of Eunice. last year. when the institution closed and was bought by the Opelousas concern will collect five per cent. now with four new certificates being issued for the remaining amount due on the 1931 and 1932 installments. The failure of the Eunice office to open Saturday was the third crash in this city within a year, the Eunice Bank and Trust comnany having merged with the Southern Banking company, November 15. of last year. with the combined institution failing December 31. Long Aids In Reorganization Governor Huey P. Long, who was in Opelousas. Sundav, scheduled to speak that night. with J. B. Brock. and other leading citizens of the parish and that city, assisted materiallv in the organization of the St. Landry Bank and Trust company. The governor arrived about 3 o'clock, and immediately went into session with the various interested parties of the parish. A new organization was suggested and the plans perfected Sunday night, following the speaking.