9088. Fidelity National Bank & Trust Company (Kansas City, MO)

View Charter #11344 on SPMC

Bank Information

Episode Type
Run → Suspension → Reopening
Bank Type
national
Bank ID
11344
Charter Number
11344
Start Date
March 1, 1933*
Location
Kansas City, Missouri (39.100, -94.579)

Metadata

Model
gpt-5-mini
Short Digest
ce4df78d179217e8

Response Measures

Accommodated withdrawals, Capital injected, Partial suspension, Books examined

Description

Articles describe heavy withdrawals before the March 1933 bank holiday, the bank's suspension/closure during the banking moratorium, operation on a 5% restricted basis afterwards, and reorganized/reopened by Jan 1934. I infer the initial disturbance was part of the March 1933 banking panic (macro/systemic) and the suspension tied to the national banking moratorium/government action. OCR errors in articles were corrected (e.g., mentions of 'Fidelity the FidelMissouri Trust pany' interpreted as Fidelity National Bank and Trust Company).

Events (5)
1. May 1, 1919 Chartered
Source
historical_nic
2. March 1, 1933* Run
Cause
Macro News
Cause Details
Heavy withdrawals as part of the March 1933 banking panic; paid out roughly $16,000,000 of $36,000,000 in deposits prior to closing.
Measures
Paid out large amounts prior to closing; later reopened on a 5% restricted basis.
Newspaper Excerpt
This fact has made somewhat difficult to effect a reorganization. ... the Fidelity paid out because of heavy some $16,000,000 its $36,000,000 deposits before closed.
Source
newspapers
3. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Failure to open due to the national/state banking moratorium and related emergency actions in March 1933.
Newspaper Excerpt
Closed after banking moratorium last March ... deposits tied up ... failed to open after the banking moratorium.
Source
newspapers
4. November 24, 1933 Voluntary Liquidation
Source
historical_nic
5. January 22, 1934 Reopening
Newspaper Excerpt
The Fidelity National Bank and Trust Company, Kansas City ... have been reorganized ... and the Fidelity National Bank and Trust Company, Kansas City. (Jan. 22, 1934 article).
Source
newspapers

Newspaper Articles (4)
1. March 13, 1933 The Kansas City Times Kansas City, MO
Article from The Kansas City Times, March 13, 1933

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Article Text

RESERVE Reopening of Country Banks Follow in Accordance National Policy. Formal licenses to twenty- four banks in Kansas City to open for business morning were received here last night from Washingand Jefferson City. The licenses for the national banks the state banks which mem- bers of the federal reserve system arrived by telegraph the Federal Reserve Bank about o'clock The licenses. the form proclamation Governor Park. were out telegraph from Jefferson Confirmation will follow today list included all banks in the the Fidelity the FidelMissouri Trust pany. Bankers and representing the spent yesterday Moberly. finance obtain authority for morning on basis. reached garding two Moberly Authority to Fidelity Bank Trust Company must from WashApplications from all three banks cent basis went Washington Jefferson City last Saturday Biz Clerical Task day for the bankers and their employees Every city hummed the prepared for the first day seven bankdays. There to done: federal ing the tellrooms, offices Only the clearing house executive declared but the individual members the kept right with the job getting their own banks ready for opening. The committee spent most the entire week in day formulating plans for actions the banks the emergency regulawhich arrived almost hourly Washington Thursday Everyone banks was after the uncertainty strain returned the tional unfolded and revealed an excellent said the Commerce Trust board detail weakness Other bankers talked think the same going and believe the country turn upward from the moment the banks open Preparedness Inspires Confidence. think when the people realize that the banks prepared there distinct and witness banks The flow the who afraid not founded. That helped deposits the federal bank force preparing country under to opening Wednesday Soundness Indicated The small. federal officials the soundness the and their distress No needed banks The federal bank officials ported the held its vaults through holiday. The that there will return from KanCity banks the federal reserve because needed. The same readiness and preparedmeet demand reported the reserve the house cities which will morning No currency banks those cities received and expected. No Currency Shortage. The possibility shortage curwhich reney prevalent when the closed March disappeared the holiday ample circulabusiness shortages or any emergency need for (Continued on Second

2. April 23, 1933 The Ponca City News Ponca City, OK
Article from The Ponca City News, April 23, 1933

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Article Text

CAPPS CASE PROBE PONCA ENDED INVESTIGATORS ED ELSEWHERE; CHECK RECORDS FOR SHORTAGE Conviction of Frank Capps, former assistant cashier of the First National bank of making false entries, apparently closes the investigation of the department of justice here, was learned Saturday. Word has been received by Frank M. Overstreet, conservator in charge, that may put away records being checked. It has also been learned that W. S. Rich, department justice agent, who made the investigation here, has been sent to California. Withdrawal of the department is further indication that there basis for the rumor that Capps may have had confederate. Capps is now in Leavenworth where he is serving five-year term in the federal penitentiary. The total shortage that he admits exists in his department amounts to $26,000. He pleaded guilty to making false entries and admits using some $6,000 of the bank's money but he has explained what went with the balance the money. He did deny taking it. Need Proof For Bond Money The bank was protected by bond of $15,000. It will be necessary to show proof that Capps took this amount of money order to collect. Accountants are beginning a further check of the records in order to trace all shortages. It is believed, with the beginning that has been made, that they will have no great difficulty. As soon as the evidence is collected, claim will be filed with the bonding company. No further word has been received from the Fidelity National bank at Kansas City, open now on five per cent restricted basis. Since the closing efforts have been made to open the bank so that depositors might be paid in full. The bank served as depository for many small banks, nearly 500, which the First National here was one of the largest. It carried some $78,000 when the bank closed. is known that the Fidelity paid out because of heavy some $16,000,000 its $36,000,000 deposits before closed. This fact has made somewhat difficult to effect a reorganization. "New" Bank in Operation The local bank has been open for several weeks on five per cent restricted basis. Actually an old and new bank are being operated. The old bank is being liquidated while the new bank transacting general banking business with the exception that no loans are being made. Five per cent of the old deposits have been set over into new accounts in the new bank and new deposits are received on hundred per cent basis. Efforts to reorganize the old bank or to effect an organization of new one still continuing with no new developments.

3. January 22, 1934 Jefferson City Post-Tribune Jefferson City, MO
Article from Jefferson City Post-Tribune, January 22, 1934

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Article Text

DEPOSITORS U. S. Comptroller Gives Status of Missouri Finincial Institutions; Are Being Reorganized. WASHINGTON, Jan. in deposits tied up National Banks in Missouri that failed to open after banking moratorium last March, all but approximately has been freed depositor use, the comptroller the currency announced today. The status the banks that failed to open: Five banks involving deposits of $22,891,000 have been reopened, habilitated, reorganized under new charters, acceptable assets to another bank. Three banks with $1,543,000 deposits have approved reorganization plans in various stages consummation. They the are Grand tional Bank, Louis; the First tional Bank Webster Groves; and the First National Bank, Lamar. Two banks with deposits of $278,do have approved plans reorganization. They are the First National Bank, Mountain Grove, the First National Bank, Windsor. Three banks with deposits of the hands receivfor liquidation. They are the Cherokee National Bank and the Southside Bank, both Louis, and People' National Bank, Seymour However the Southside National Bank receivers have out an approved organization plan which contemplates the release of 100 percent secured and 50 percent of deposits The five banks that have been reorganized First National Bank, Clayton; Third National Bank, Sedalia; Citizens' National Bank, Maplewood American Ex. change National Bank, St. Louis; and the Fidelity National Bank and Trust Company, Kansas City. Some 300 persons are living on Robinson Crusoe's

4. January 22, 1934 St. Joseph News-Press St. Joseph, MO
Article from St. Joseph News-Press, January 22, 1934

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Article Text

HUGE SUM RELEASED Over $22,000,000 in Frozen Deposits in Missouri Freed. About $9,000,000 in Closed National Institutions Is Still Unavailable. Jan. deposits tied up tional banks Missouri failed open after the banking moratorium but approximately $9,000,000 has been for depositor the comptroller currency today. The status of the thirteen banks failed open: Five banks involving deposits of have been reopened, habilitated, reorganized under charters, the acceptable assets sold to another bank. Three to Be Reorganized. Three banks with $1,543,000 deposits plans stages consumThey are the Grand National Bank, Louis; the National Bank, Webster the Bank, Lamar. banks deposits of $278,000 not They the First National Bank, Grove, and the First National Bank, Wind- Three Are in Liquidation Three banks with deposits of 707,000 in the for They are the Cherokee National Bank and the Southside National Bank, Both St. Louis, the People's National Bank; the National out organization plan plates the release of 100 per cent secured deposits 50 per unsecured deposits. The five banks have been reorganized First National Bank, Third National Bank, National Bank, Exchange National Bank, Louis, and the Fidelity National Trust Company, Kansas City.