10232. Hannibal Trust Company (Hannibal, MO)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
trust company
Start Date
November 20, 1930
Location
Hannibal, Missouri (39.708, -91.358)

Metadata

Model
gpt-5-mini
Short Digest
513f464e

Response Measures

Full suspension, Books examined

Description

Multiple contemporaneous newspaper articles (Nov 20–21, 1930) report heavy withdrawals following failures in Quincy, IL, leading the board to close the bank and the State Finance Department to send an examiner to take charge. The bank was placed in the hands of state authorities and did not resume normal operations; classified as run → suspension → closure. Resources ~ $1.5M per articles. OCR typos in some articles corrected (e.g., numeric formatting).

Events (3)
1. November 20, 1930 Receivership
Newspaper Excerpt
The state finance department here was advised and sent Bank Examiner W. A. Chapman to Hannibal to take over affairs of the bank; placing them in hands of the Commissioner of Finance.
Source
newspapers
2. November 20, 1930 Run
Cause
Local Banks
Cause Details
Steady/heavy withdrawals triggered by recent bank closings in Quincy, Illinois (across the Mississippi River).
Measures
Board of directors closed the bank; State Finance Department notified; bank examiner sent to take charge.
Newspaper Excerpt
Heavy withdrawals as a result of the recent bank closings in Quincy, Ill., across the Mississippi River from Hannibal, was given as the cause.
Source
newspapers
3. November 20, 1930 Suspension
Cause
Local Banks
Cause Details
Board suspended payments/closed after depletion of cash reserves caused by heavy withdrawals following Quincy failures.
Newspaper Excerpt
The Hannibal Trust Company ... was closed today by its board of directors, the state finance department announced.
Source
newspapers

Newspaper Articles (13)
1. November 20, 1930 Hattiesburg American Hattiesburg, MS
Article from Hattiesburg American, November 20, 1930

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ASHEVILLE Other Banks in North Carolina and In Central Bank and Trust company, largest financial institution in this immediate section, failed to open for business today and by noon five other western North Carolina banks had closed their doors. Capitalized at the CenBank and Trust company September the date of the last bank call, had deposits of approximately $18,000,000. Its resources given that time as 000. Other banks closing were the Bank here, includits branch at the Oteen veterhospital; the First Bank and Trust company, the National Bank, Hendersonand the Bank of Lowell, LowN. John Mitchell, state bank examiner, notified Central Bank and failure open and was expected send here immediately to charge of statement given out by the board directors said bank closed in anticipation of heavy action," the statement said, taken solely conserve the interests the depositors and only after it became apparent that such step During the past few days bank has been forced withstand heavy withdrawals funds." HANNIBAL BANK CLOSED JEFFERSON CITY, Nov. Hannibal Trust company of Hanniwith total resources closed today by its board directors, the state finance department announced, Heavy withdrawals result of the recent bank closings in Quincy, across Mississippi river from Hanniwas given as the

2. November 20, 1930 The Times Trenton, NJ
Article from The Times, November 20, 1930

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TRUST CONFERENCE BEING HELD HERE (Continued from Page One) nited JEFFERSON Mo. Nov The Hannibal Trust Company one the largest banking institutions Northeastern Missouri, closed its today after meeting of the Board of Directors The bank had resources of than 500,000 The State Finance Department here was advised sent Bank Examiner W. Chapman to take over affairs of the bank Steady withdrawals of of the association, and also president were thought to be the cause of the closing of the Newton Trust Company, Newton Opening session speeches included one by Henry E. Sargent, secretary LOUISVILLE Ky. Nov The Bankers Trust Trust Company Division. American at $500,000. closed its doors today Bankers New whose after the Union Central Bank of theme was "The Trust Business of the Louisville and the Bank of Canezville Nation suspended business The Bankers George Compton, of the Department Trust brought to 13 the number of of nking State of banks which in KenNew Jersey spoke on "Problems in tucky since last Monday. Six of them Fiduciary Accounting are in was at o'clock Shortly after Union Central in the closed it was that James The program Brown, Louisville capitalist and newsincluded three by paper publisher had resigned the inent in the banking field The first presidency the was by Robertson Griswold. Corporation Charles Jones vicepresident of the Maryland Trust Compresident, also resigned. Brown will be pany, and the "Cosubject succeeded by Henry Voght the facturer and Robert Callahan, was The Carl was W appointed to succeed Jones. Fenninger vice the Pro. vident Trust Philadelphia on "Trust WOMAN RELATES The third one "Preparation of Wills and Trust Agreements by Waldron Ward, of the law given firm of Pitney Hardin & Skinner, of Newark STORY OF CRASH The banquet will be held at o'clock in the ballroom of the -Trent and the speakers will be Harry R. president of the New Jersey Testimony Nearly Completed in Par Association and William B. Bur russ Oakland, Maryland whose topic Gowron's Claim for $15,000 will be the Salesman morning will be devoted to an intense discussion of life Insurance Damages matters Underwriters and life InsurTestimony neared completion this ance agents are invited to attend this conference afternoon in the $15,000 suit of Michael The session will be opened at 10:30 Gowron, of 144 Second Street, with "Life InsurMrs. Frank wife of the ance As It Affects Your Business and defendant, giving her version of the Mine, by Roger Hull mishap which occurred on Pennington director and of the Na. Road in tional of Life Underwriters injured while walking New York across the Kouwenhoven's car Then will follow "Befiguring in the lieve which the following Mrs. hoven said that Gowron men will take Louis C. Rude, was following two other the of Newark; W. Edgerton, Provihighway. Her husband slowed down dent Life Company and blew the auto horn, she testified, Trenton: William Van L. Taggart whereupon Gowron stopped in his Fidelity Union Trust Newtracks started ark Fred P. Gibbs, quicken his pace and at the inCity Trust Company of New Jersey, Jersey stant started again, will be at 12:45 o'clock and at Thomas Grath of the Title Guar- Mc antee and Trust Jersey City will speak on Building Trust Business of the Future At o'clock the Box will be discussed. This will the to close The committee composed of: First National Bank: Louis Kersey Broad Street National Bank: Charles Hanover Trust Company: Henry Mechanics National Bank: Charles First- F. Stout, Trust Company Charles and R. Whitlock, Trenton Trust Company The on Trust Matters headed by Mr. McDouall, includes H. Douglas Plainfield Trust Company, Plainfield; Earl Johnson Savings Investment and Trust Company East Orange: Herman M. Syp. lantic George Letterhouse Commercial Company of New Jersey Jersey Harvey S. Hopkins, Newton Trust Company Newton: Mr Bloor, Jay Knox. First Camden National Bank and Trust Company, Camden. and William E. Hocher National Newark Newark and Essex Banking Company The fficers of the Bankers' Association are Levi H. Trust Company Robert W Harden Westfield Trust Company Westfield, vice president: Charles H. Plenty Hackensack Trust Company, HackenCounty Trust Company Moorestown The publicity committee is made up of: Leopold Chambliss Fidelity Union Trust Company Newark, chairman; Mr. Withers and Howard B. MacAdams Fidelity Union Trust Company, Newark

3. November 20, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, November 20, 1930

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BANK AT HANNIBAL WITH $1,000,000 DEPOSITS CLOSES Expected Meet Suspension Due to Withdrawals Following Quincy Failures. first bank closing in Hannibal more came today the suspension the Hannibal Trust than failures the closing largest in the last two result of these failures caused the board of directors to decide suspend the positors Officers that action this time would ble the payment depositors full The one the three largest in the city. organized about Frazer The statement was issued by Frazer "The continued of deposits occasioned mea sure the of banks Missouri and Illinois has caused depletion of our cash and board of has thought best the funds trust company by placing them in hands of the Commissioner Finance. There is every reason to believe that the positors and classes of savings accounts will be paid in full." As of Aug. deposits were listas with total de. mand deposits and time deposits including large Christmas savings $462, Capital stock was surplus and undivided profits There are five other banks in Hannibal

4. November 20, 1930 Imperial Valley Press El Centro, CA
Article from Imperial Valley Press, November 20, 1930

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MORE BANKS IN CENTRAL AREA CLOSE DOORS LOUISVILLE, Ky., Nov. 20. (U.P.) The Bankers' Trust company, capitalized at $500,000. closed its doors today shortly after the Union Central bank of Louisville and the Bank of Caneyville suspended business. The Bankers' Trust brought to 13 the number of banks which have suspended in Kentucky since last Monday. Six of them are in Louisville. JEFFERSON CITY, Mo., Nov. 20. (U.P.)-The Hannibal Trust company. one of the largest banking institutions of northeast Missouri, closed its doors today after a meeting of the board of directors. The bank had resources of more than $1,500,000. The state finance department here was advised of the failure, and sent Bank Examiner W. A. Chapman to Hannibal to take over affairs of the bank. Steady withdrawals of deposits were thought to be the cause of the closing. ASHEVILLE, N. C., Nov. 20. (U.P.) The Central Bank and Trust company of Asheville, the largest banking house in Western North Carolina. and the Biltmore-Oteen bank. a suburban institution. failed to open for business today. They are state banks and controlled by the same interests.

5. November 20, 1930 Fitchburg Sentinel Fitchburg, MA
Article from Fitchburg Sentinel, November 20, 1930

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More Carolina Banks Closed RALEIGH N C. Nov 20 or Four banks in western North Carolura, including the Central Bank & Trust Co. at Asheville, with deposits of $18,000,000, closed today, John Mitchell. state bank examiner announced here. Mitchell said his office had been advised that the Central Bank & Trust Co of Asheville closed this morning and the bank, the Firht Bank & Trust Co of Hendersonville, and the American Bank & Trust Co of Hendersonville had also closed JEFFERSON CITY. Mo Nov 20 (AP) The Hannibal Trust Co. of Hannial. with total of closed today by its board of directors, the state finance department announced

6. November 20, 1930 The Durham Sun Durham, NC
Article from The Durham Sun, November 20, 1930

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BOWLES JAILED IN WIFE'S DEATH Retired Capitalist of Portland, Oregon, Arrested With Former Secretary capitalIrma 25 former arrested charged the murder Leone Bowles, November Paris apartment knife breast. and Bowles police apartment the time but Mrs. Bowles had stabbed her- Paris and were orders of District Attorney Stanley Myers. admission by Dr Myers Cooper who was called Mrs that he highly material matter in his the minating charges against Paris and Bowles. alleged false statement the Mrs was not asserted last Cooper admitted Mrs. night had when the ambulance utes was private mortuary Something should be said in favor the son of the former prince Germany who is this looking for might come here lecture Charlotte from already charge Missouri Bank Closes Mo. 20. Hannibal Trust company Hannibal with total resources closed today by its board of department Heavy drawals result the recent the was given the

7. November 20, 1930 The Daily World Helena, AR
Article from The Daily World, November 20, 1930

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MISSOURI BANK CLOSES Jefferson City, Mo., Nov. 20. (AP)-The Hannibal Trust Company of Hannibal, with total resources of $1,523, was closed today by its board of directors, the state finance department announced, Heavy withdrawals as a result of the recent bank closings in Quincy, III., across the Mississippi River from Hannibal, , was given as the cause.

8. November 20, 1930 The Taylorville Daily Breeze Courier Taylorville, IL
Article from The Taylorville Daily Breeze Courier, November 20, 1930

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MISSOURI BANK CLOSED TODAY Jefferson City, Mo., Nov. 20. (A. Hannibal Trust Company of Hannibal, with total resources of $1,523,720, was closed today by its board of directors, the state finance department announced. Heavy withdrawals as a result of the recent bank closings in Quiney, III., across the river from Hannibal was given as the cause. This was the first Hannibal bank failure in more than a third of a century. The board there issued the following statement: "The continued withdrawal of deposits occasioned in a large measure by the recent failure of banks in northeast Missouri and Illinois, has caused a depletion of our eash reserve, and the board of directors has thought it best to conserve the funds of the Trust Company, by placing them in the hands of the Commissioner of Finance. There is every reason to believe that the depositors and all classes of savings accounts will be paid in full. Other Hannibal banks opened as usual, and there was no unusual excitement. P. T. A. OF MEADER SCHOOL TO MEET The Parent Teachers Association of the Meader school will meet Friday night. The principal speaker will Attorney Harold Williams of this city.

9. November 20, 1930 Rockford Register Star Rockford, IL
Article from Rockford Register Star, November 20, 1930

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6th Bank Is 12th For Banker Hangs After Institution Shuts Doors Union Central bank making the ville bank close this week twelfth Kentucky The Bank of Caneyville spondent bank the also failed to day. George R. Ewald Union Central said temporary and the bank solvent Heavy past few days forced him the bank depositors, said William president bank of Care which closed hanged himself Relatives he because Shortly after the Union Central Brown. Louisville newspaper had the the tucky. Charles vice dent. resigned. Brown pres. succeeded by Henry and Robert appointed to succeed Jones, HANNIBAL BANK CLOSES City Nov Trust company with resources was closed today board of the finance drawals result the the river from Hannibal, was given as the CAROLINA BANKS HIT Four banks in the Trust deposits of closed today John state bank examiner here Mitchell his office had that the Bank Trust of closed this morning and the Oteen bank. the First Bank Trust and the Trust company closed their doors.

10. November 21, 1930 The Oregonian Portland, OR
Article from The Oregonian, November 21, 1930

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SIX MORE BANKS CLOSE FIVE NORTH CAROLINA INSTITUTIONS FAIL. Several Suspend Because of Runs; Hannibal, Mo., House Also in Hands of State Officials. ASHEVILLE N. C., Nov. 20.-(AP) -The Central Bank and Trust company, Asheville's largest financial institution, failed to open for business today. A notice posted on the door advised the public that the bank was closed on order of the board of directors for the of assets The bank's last statement of condition showed more than $18,000,000 on as deposit. The Biltmore-Oteen bank also closed. The Central bank was capitalized at $1,000,000 and its last statement of condition issued September 24, gave its surplus as $1,000,000. HENDERSONVILLE. N. C., Nov. 20.-(AP)-Three Hendersonville banks closed their doors today, leaving this city without banking facilities. The First Bank and Trust company failed to open at the regular hour It had notice on the door which said the institution had been placed in the hands of the state banking department for liquidation. Runs developed on the American Bank and Trust company and the Citizens National and they soon closed. JEFFERSON CITY, Mo., Nov. 20.Hannibal Trust company, Hannibal Mo. with total resources of $1,523,720. was closed today by its board of directors, the state finance department announced. Heavy withdrawals as result of the recent bank closings in Quincy, III., across the river from Hannibal, was given the cause. The bank according to the last statement filed here, had deposits of $1,124,814 loans of $1,002,537 and capital stock of $200,000

11. November 21, 1930 Paragould Soliphone Paragould, AR
Article from Paragould Soliphone, November 21, 1930

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Hannibal Mississippi County Banks Plan Closes Doors, to Open Made Leachville Depositors Pave Statement is Way for Institution's Opening Blytheville, Nov. Mississippi County banks that closed days may resume bethe five day suspension law limand general optimism throughout the county There have been only few withdrawals of deposits from banks of this and the other bank Osceola. The banks are the First State Bank closed Osceola, the Bank of Manila and the Bank of Leachville. The Bank of Leachville announced through its president, Roderick, that plan been worked out with the depositors signcertificates pledging themselves allow 75 per cent their deposits remain the bank subject withdrawals according to ratio of 12, 18 and months. said to ample hand to pay the 25 money on $30,000 cent Deposits total about $105,000 Roderick said. of opening the That he hopeful institution was expressed this afterShaver this city, by Mississippi County and sheriff of the Bank Manila president which closed its doors fear of after the Leachville bank súsrun business yesterday. He has pended not announced his Two or three plans are being considered for the reopening the First State Bank of Osceola which closed Monday on orders from Little of the Banks ComRock one The most pracpany's of these will be by cashier, said Friday, believed that the yesterday. complete proposed plan with local interests purorganization stock the Banks chasing and that will Company support of Osceola citizens. solely on Withdrawals After Heavy Closing of Quincy, Bank, Given As Cause Mo., Nov. Jefferson Hannibal Trust company of with total resources of Mo., today by the board of closed the State Finance department announced. department said that heavy withdrawals following the closing bank Quincy, Ill., accross Mississipp: river from Hannibal, was the cause.

12. November 21, 1930 St. Louis Post-Dispatch St. Louis, MO
Article from St. Louis Post-Dispatch, November 21, 1930

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FOUR MISSOURI BANKS CLOSE Examiners in Charge nibal, Oakwood, Doniphan and Edina Depositories. JEFFERSON CITY Closing of the Bank Knox and County Bank of Doniphan, County, reported the Finance Department ing total of nine closed in Missouri this ing of seven of them to the recent closing of in The Bank of Edina of $312,900. loans of total resources of ing to its last report ment. The capital and the surplus had outstanding loans Directors of the Bank which was organized notified Finance E. French the bank opened today, as tecting depositors of heavy last loans resources of payable capital of and undivided profits Dr. A. Proctor dent and E. K. Ponder The Ripley County Bank $25,127 in public funds State deposits Edina Bank showed lic funds At the finance ment, said the Edina Bank to the situation Quincy Two banks in Marion were closed yesterday nibal Trust Co. of Hannibal the first close of and partment said to heavy unsettled conditions cent failures in Quincy ond bank to ers' Bank of wood. near posits of

13. November 21, 1930 Chattanooga Daily Times Chattanooga, TN
Article from Chattanooga Daily Times, November 21, 1930

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MISSOURI BANK CLOSES AFTER QUINCY FAILURES JEFFERSON CITY, Mo., Nov. Hannibal Trust company, Hannibal, with total resources of 523,720. was closed today by its board of the depart. ment announced. Heavy withdrawals result of the recent bank closings Quincy, the Mississippi river cause. from Hannibal, was given