St Louis National Bank - St Louis, MO

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 12216
Charter Number: 12216
Start Date: January 1, 1932*
Location: St Louis, Missouri (38.627, -90.198)

Metadata

Model: gpt-5-mini
Short Digest: a300749f6f7ec60b

Response Measures

Full suspension

Other: Board ordered the bank closed and an assistant national bank was asked to take over (closure/assumption leading to suspension).

Receivership Details

Depositor recovery rate: 65.9%
Date receivership started: 1933-01-13
Date receivership terminated: 1938-08-31
Share of assets assessed as good: 20.0%
Share of assets assessed as doubtful: 66.9%
Share of assets assessed as worthless: 13.2%

Description

OCR of article is poor. Article (Chicago Tribune, 1932-01-04) states the St. Louis National Bank was ordered closed after a run ('slow run ... for several [days]'). Board asked an assistant national bank to take (over). This indicates a run led to closure/suspension and likely permanent closing/receiver action.

Events (5)

1. June 10, 1922 Chartered

Source: historical_nic

2. January 1, 1932* Run

Cause: Bank Specific Adverse Info
Cause Details: Article reports a 'slow run' on the bank for several days preceding the closing; no discrete misinformation event described.
Measures: Board asked an assistant national bank to take (over) operations
Newspaper Excerpt: There been slow run bank for several
Source: newspapers

3. January 4, 1932 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank 'was ordered closed' after sustained withdrawals/runs; closure appears to follow the run and an assistant national bank was asked to take over.
Newspaper Excerpt: A St. Louis National Bank, $1,250,000 Deposits, Shuts ... was ordered closed its board of directors today and an assistant national bank was asked take
Source: newspapers

4. January 13, 1933 Receivership

Source: historical_nic

5. * Other

Newspaper Excerpt: capital stock of $250,000 and deposits of $1,250,000 (OCR uncertain); president Johnson mentioned in article
Source: newspapers

Newspaper Articles (1)

1. January 4, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, January 4, 1932

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Article Text

A St. Louis National Bank, $1,250,000 Deposits, Shuts St. Louis. Mo., Jan. 4 [Monday] The bank of St. Louis; with capital stock of $250,000 and deposits of was or dered closed its board of directors today and an assistant national bank was asked take There been slow run bank for several Johnson president of the institution.