Mercantile Bank & Trust Company

Episode Information

Episode UID: 1079171599
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 107917 routing
Routing Number: 1-0791
Start Date: March 30, 1933
Location: New York, New York (40.714, -74.006)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e53a0b07102ce98b

Response Measures

None

Description

Article states the bank failed to reopen after the March 1933 bank holiday and applied to withdraw from the Federal Reserve.

Events (1)

1. March 30, 1933 Suspension

Cause: Government Action
Cause Details: Failed to reopen after the March 1933 federal/state bank holiday; applied to withdraw from the Federal Reserve system.
Newspaper Excerpt: The Mercantile failed to reopen after the bank holiday.
Source: newspapers

Newspaper Articles (1)

1. March 30, 1933 The Caledonian-Record St. Johnsbury, VT

Article Text

WITHDRAWS FROM FEDERAL RESERVE NEW YORK, March 30 (AP)—The Mercantile Bank and Trust Company of New York city has applied for withdrawal from the Federal Reserve system, it was announced today. The Mercantile failed to reopen after the bank holiday. Howell M. Stillman, president, and William A. Lobb, vice president, had no comment to make. The bank has a capital of $900,000 and surplus of $600,000. It is the successor of the Chelsea Bank & Trust Co., which was closed by the state banking department.