9388. Mcdaniel National Bank (Springfield, MO)

View Charter #10074 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
10074
Charter Number
10074
Start Date
May 5, 1933
Location
Springfield, Missouri (37.215, -93.298)

Metadata

Model
gpt-5-mini
Short Digest
61edd2f3404344f4

Response Measures

None

Receivership Details

Depositor recovery rate
12.8%
Date receivership started
1933-02-17
Date receivership terminated
1938-09-30
Share of assets assessed as good
16.5%
Share of assets assessed as doubtful
62.9%
Share of assets assessed as worthless
20.6%

Description

Newspaper items (May 5, 1933) state the McDaniel National Bank 'with C. E. French as receiver', indicating the bank was in receivership and thus effectively closed. The articles do not explicitly state a prior public suspension or run, but assignment of a receiver implies permanent closure. I therefore classify this as suspension_closure (closure with receiver).

Events (3)
1. August 30, 1911 Chartered
Source
historical_nic
2. February 17, 1933 Receivership
Source
historical_nic
3. May 5, 1933 Receivership
Newspaper Excerpt
Suit ... was filed yesterday in circuit court by the McDaniel National bank, with C. E. French as receiver, against the Springfield Packing company.
Source
newspapers

Newspaper Articles (2)
1. May 5, 1933 Springfield Leader and Press Springfield, MO
Article from Springfield Leader and Press, May 5, 1933

Click image to open full size in new tab

Article Text

BANK'S RECEIVER SUES PACKING COMPANY HERE Suit on three notes totaling $44.000 was filed yesterday in circuit court by the McDaniel National bank, with C. E. French as receiver, against the Springfield Packing company. The notes were made in 1926. Two of them were for $15,000 each and the other for $14,000. The Better Business bureau, designed to increase public confidence in advertising of merchandise, has been formed at New Orleans with 55 charter members.

2. May 5, 1933 The Springfield News-Leader Springfield, MO
Article from The Springfield News-Leader, May 5, 1933

Click image to open full size in new tab

Article Text

BANK'S RECEIVER SUES PACKING COMPANY HERE Suit on three notes totaling $44. 000 was filed yesterday in circuit court by the McDaniel National bank with C. E French as receiver against the Springfield Packing company The notes made in 1926 Two of them were for each and the other for $14 000. Looks now as though the republicans will find this country fighting for in the next election