Bank of Commerce - St Louis, MO

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 16, 1895
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: 4b164b8d98940c56

Response Measures

None

Description

Article (Oct 16, 1895) reports a $6,000 shortage at the St. Louis Bank of Commerce, the bank is declared insolvent after an examination, and depositors are petitioning for a receiver. No explicit run is described; the piece describes bank-specific adverse information (shortages/missing notes) and moves toward receivership/closure.

Events (2)

1. October 16, 1895 Receivership

Newspaper Excerpt: The depositors are petitioning for the appointment of ... a receiver for the defunct institution.
Source: newspapers

2. October 16, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Cashier Colean's shortage (reported $6,000 at St. Louis Bank of Commerce) and missing notes leading examiners to find the bank insolvent.
Newspaper Excerpt: A $6,000 shortage in the St. Louis Bank of Commerce is also reported.
Source: newspapers

Newspaper Articles (1)

1. October 16, 1895 The Topeka State Journal Topeka, KS

Article from The Topeka State Journal, October 16, 1895

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Article Text

COLEAN CAN'T LIVE. The Ft. Scott Defaulting Banker is a Physical Wreck. Is Thought He Can Live but a Short Time. HIS DEFICIT GROWS. It Amounts to $35,000 and May Go Higher. Ten Thousand Dollars of the Best Notes, Missing. KANSAS CITY, Oct. 16.-A special to the Star from Fort Scott says: Cashier Colean's shortage has grown to $35,000, and may go higher yet, Bank Commissioner Breidenthal completed the examination of the State Bank's condition today and reported to the attorney general that the bank is insolvent. It has been found that $10,000 of the best notes held by the bank, and which are almost due, are missing. Colean is in such a mental condition that he can give no account of their disposition. A $6,000 shortage in the St. Louis Bank of Commerce is also reported. Judge Thornton Ware of Chicago, the largest stockholder in the bank and an especial friend of Colean, arrived today and may take an active part in settling the bank's affairs. The depositors are petitioning for the appointment of Charles Nelson, vice president of the Bank of Fort Scott, as receiver for the defunct institution. Bank Commissioner Breidenthal thinks the receiver can make the first payment to depositors within sixty days. Colean's condition is precarious and it is believed he will live but a short time,