9487. Guardian Savings Bank (St Louis, MO)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
February 19, 1876
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini
Short Digest
514b592fd1b25fd7

Response Measures

None

Description

Two contemporary reports (Feb 20–21, 1876) state a temporary injunction was issued restraining Guardian Savings Bank from further transaction of business; a receiver was requested. No mention of a run or of reopening — court action (injunction) caused the suspension. Bank president B. J. Reilly had previously failed, which weakened the bank.

Events (1)
1. February 19, 1876 Suspension
Cause
Government Action
Cause Details
Circuit Court issued a temporary injunction restraining the bank from transacting business; a receiver was also asked for.
Newspaper Excerpt
A temporary injunction was issued by the Circuit Court yesterday restraining the Guardian Savings' Bank from the further transaction of business.
Source
newspapers

Newspaper Articles (2)
1. February 21, 1876 The Wheeling Daily Intelligencer Wheeling, WV
Article from The Wheeling Daily Intelligencer, February 21, 1876

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Article Text

.201 ST. LOUIS. A Bank Enjoined. ST. LOUIS, February 19.-A temporary injunction was issued by the Circuit Court yesterday restraining the Guardian Savings' Bank from the further transaction of businees. A receiver was also asked for, but no action was taken on that part of the petition. The Guardian Bank is rather a small concern and be. came somewhat crippled by the failure of its President, B. J. Reiley, some time ago.

2. February 21, 1876 The New York Herald New York, NY
Article from The New York Herald, February 21, 1876

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Article Text

FAILURE OF A SAVINGS BANK. ST. LOUIS, Feb. 20, 1876. A temporary injunction was issued by the Circuit Court yesterday, restraining the Guardian Savings Bank from any further transaction of business. A receiver was also asked for, but no action was taken on that part of the petition. The Guardian Savings Bank is a small concern and became crippled by the failure of its President, B. J. Reilly, some time ago.