9475. First National Bank (St Louis, MO)

View Charter #170 on SPMC

Bank Information

Episode Type
Run Only
Bank Type
national
Bank ID
170
Charter Number
170
Start Date
March 13, 1927
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
6a48c63bc5f77d59

Response Measures

Borrowed from banks or large institutions, Public signal of financial health

Description

Multiple March 1927 newspaper accounts report a threatened run on the First National Bank of St. Louis that was forestalled when $200,000 in cash was flown in by airplane. Reports attribute the threat to circulated rumors/false reports; there is no mention of a payment suspension, receivership, or permanent closure. OCR errors in the clippings (eg. garbled sentences, 'Forstalled') were corrected for clarity.

Events (2)
1. December 25, 1863 Chartered
Source
historical_nic
2. March 13, 1927 Run
Cause
Rumor Or Misinformation
Cause Details
Threatened run triggered by circulated rumors/false reports about the bank's condition
Measures
$200,000 in cash flown by airplane to the First National Bank to reassure depositors and head off withdrawals
Newspaper Excerpt
Cash Carried by Plane Averts Run On St. Louis Bank; carried $200,000 cash ... to avert threatened ... because of rumors circulated by irresponsible officials
Source
newspapers

Newspaper Articles (4)
1. March 17, 1927 Evening Courier Camden, NJ
Article from Evening Courier, March 17, 1927

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Article Text

$200,000 IN AIRPLANE HEADS OFF RUN ON BANK March Rushing First National Bank St. Louis blocked the closing of a correspondent bank The started by false bank The institution in dition An official of the bank made the Zeigler, distance of in an hour and ten minutes. ance March 13, $178,225,250.08.

2. March 17, 1927 Corpus Christi Caller-Times Corpus Christi, TX
Article from Corpus Christi Caller-Times, March 17, 1927

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Article Text

Cash Carried by Plane Averts Run On St. Louis Bank Louis, March Love, mail today shipment $200,000 First National bank run on the First National Officials of both banks declared the Zeigler institution sound tion resources of more than

3. March 18, 1927 The Brockway Record Brockway, PA
Article from The Brockway Record, March 18, 1927

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Article Text

RUN ON BANK FORSTALLED CASH SENT BY PLANE St. Louis, Mo., March 100-mile hour Philip mail pilot, today carried $200,000 cash from the First National Bank here to avert threatened First National Bank there because of rumors circulated by irresponsible Officials both banks declared the Zeigler institution was in sound resources more than

4. April 22, 1927 Sterling Daily Gazette Sterling, IL
Article from Sterling Daily Gazette, April 22, 1927

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Article Text

German Banks Plan To Make Loan To Russia London. April Press banks and negotiating credits 40,000,000 pounds sterling Soviet reported BANKER READY TO ADMIT THEFT OF $15,000 Louis, m., April United Press.) Elmer president the First National Ziegler, III., who has fugitive since last March, here today reported confess Lovel himself up to authoriyesterday. was Indicted for ment shortly before his disappearunder bond by and aged Their property would have auction had he failed disappearance from Ziegler precipitated on his bank. money from St, Louis to stricken appear before Judge next Tuesday. to plead guilty receive immediately. Only and former has had ful career. He started the bank became cashier January, was elected farthing The them broken into