Grand National Bank (St Louis, MO)

View Charter #12220 on SPMC View balance sheet

Episode Information

Episode UID
1222001599
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
122200 national
Charter Number
12220
Start Date
March 6, 1933
Location
St Louis, Missouri (38.627, -90.198)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
28066dc85891fef0

Response Measures

None

Receivership Details

Depositor recovery rate
89.0%
Date receivership started
1934-03-19
Share of assets assessed as good
37.6%
Share of assets assessed as doubtful
49.1%
Share of assets assessed as worthless
13.4%

Description

Bank closed under the 1933 banking moratorium and later placed in receivership in March 1934.

Events (5)
1. June 15, 1922 Chartered
Source
historical_nic
2. March 6, 1933 Suspension
Cause
Government Action
Cause Details
Closed pursuant to the March 1933 national/state banking holiday proclaimed by state and federal authorities.
Newspaper Excerpt
President Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10.
Source
newspapers
3. January 22, 1934 Other
Newspaper Excerpt
They are the Grand National Bank, St. Louis; the First National Bank, Webster Groves, and the First National Bank, Lamar. (listed among banks with reorganization plans in various stages).
Source
newspapers
4. March 19, 1934 Receivership
Source
historical_nic
5. March 19, 1934 Receivership
Newspaper Excerpt
P. W. Henry has been named receiver for the Grand National Bank of St. Louis... John W. Snyder was named receiver for the defunct bank by the comptroller of the currency.
Source
newspapers

Newspaper Articles (8)
1. March 9, 1933 Mound City News-Independent Mound City, MO

Article Text

CITIZENS CALM DURING EMERGENCY Exchange Bank Suspended Operations In Conformity Presidential Proclama- tion. The Banks of Holt County suspended normal morning to conform Saturday with state wide holiday order a issued by Governor Guy Park. for Since that time President of Roosevelt has issued a proclamation all the banks closing the United States for a period ending Friday, March 10. The local banks have followregulations ordering them laid down by the secreclose, of the treasury. Some have tary remained open during regular hours for the purpose banking of making change. There is no cause for any alarm the local regarding tion as all the Holt County banks are believed to be in cellent condition. has been convened Congress special session beginning today (Thursday) and acnoon cording to radio reports have legislation conferring passed extraordinary to Presipowers dent Roosevelt, trol all banks until this emeris safely past. The spirit fortitude and patience with which the people this community and the tire has reacted to the country bank holiday, has emergency been surprising. individuals and busiMany houses found themselves ness with small amount of only hand when the currency on bank went into effect. holiday St. Business has been retarded to extent. Merchants some most cases have accepted checks for the exact amount but have been purchases tant to let loose of any currenor silver in change. Bank here The Exchange to be strong as known is anywhere, and bank there must be attributed its closing solely to the the nation. ditions throughout thing that Now the only to await the order to with patience banks after the the open and regulational adjustments formulated and tions have been issued.

2. January 22, 1934 Jefferson City Post-Tribune Jefferson City, MO

Article Text

DEPOSITORS U. S. Comptroller Gives Status of Missouri Finincial Institutions; Are Being Reorganized. WASHINGTON, Jan. in deposits tied up National Banks in Missouri that failed to open after banking moratorium last March, all but approximately has been freed depositor use, the comptroller the currency announced today. The status the banks that failed to open: Five banks involving deposits of $22,891,000 have been reopened, habilitated, reorganized under new charters, acceptable assets to another bank. Three banks with $1,543,000 deposits have approved reorganization plans in various stages consummation. They the are Grand tional Bank, Louis; the First tional Bank Webster Groves; and the First National Bank, Lamar. Two banks with deposits of $278,do have approved plans reorganization. They are the First National Bank, Mountain Grove, the First National Bank, Windsor. Three banks with deposits of the hands receivfor liquidation. They are the Cherokee National Bank and the Southside Bank, both Louis, and People' National Bank, Seymour However the Southside National Bank receivers have out an approved organization plan which contemplates the release of 100 percent secured and 50 percent of deposits The five banks that have been reorganized First National Bank, Clayton; Third National Bank, Sedalia; Citizens' National Bank, Maplewood American Ex. change National Bank, St. Louis; and the Fidelity National Bank and Trust Company, Kansas City. Some 300 persons are living on Robinson Crusoe's

3. January 22, 1934 St. Joseph News-Press St. Joseph, MO

Article Text

HUGE SUM RELEASED Over $22,000,000 in Frozen Deposits in Missouri Freed. About $9,000,000 in Closed National Institutions Is Still Unavailable. Jan. deposits tied up tional banks Missouri failed open after the banking moratorium but approximately $9,000,000 has been for depositor the comptroller currency today. The status of the thirteen banks failed open: Five banks involving deposits of have been reopened, habilitated, reorganized under charters, the acceptable assets sold to another bank. Three to Be Reorganized. Three banks with $1,543,000 deposits plans stages consumThey are the Grand National Bank, Louis; the National Bank, Webster the Bank, Lamar. banks deposits of $278,000 not They the First National Bank, Grove, and the First National Bank, Wind- Three Are in Liquidation Three banks with deposits of 707,000 in the for They are the Cherokee National Bank and the Southside National Bank, Both St. Louis, the People's National Bank; the National out organization plan plates the release of 100 per cent secured deposits 50 per unsecured deposits. The five banks have been reorganized First National Bank, Third National Bank, National Bank, Exchange National Bank, Louis, and the Fidelity National Trust Company, Kansas City.

4. January 22, 1934 Daily American Republic Poplar Bluff, MO

Article Text

DEPOSITS IN CLOSED BANKS BEING RELEASED By The Associated Press. Washington, Jan. 000 in deposits tied up in national banks in Missouri that failed to open after the banking moratorium last March, all but approximately $9,000,000 has been freed for depositor use, the comptroller of the currency announced today. The status of the 13 banks that failto open: Five banks involving deposits of $22,891 have been reopened, rehabilitated, reorganized under new charters ,or the acceptable assets sold to another bank. Three banks with deposits have approved reorganization plans in various stages of consummation. They are the Grand National Bank, St. Louis; the First National Bank, Webster Groves, and the First National Bank, Lamar. Two banks with deposits of $278,000 do not have approved plans of reorganization. They are the First National Bank, Mountain Grove, and the First National Bank, Windsor. Three banks with deposits of $6,are in the hands of receivers for liquidation. They are the Cherokee National Bank and the Southside National Bank, both of St. Louis, and the Peoples' National Bank, Seymour. However, the Southside National Bank receivers have worked out an approved reorganization plan which contemplates the release of 100 per cent of secured deposits and 50 per cent of unsecured deposits.

5. March 12, 1934 The Pittsburgh Press Pittsburgh, PA

Article Text

Bank Receiver Named WASHINGTON, March 12—P. W. Henry has been named receiver for the Grand National Bank of St. Louis, it was announced today. The bank has been unlicensed and an adjustment plan was interfered with by prospects for litigation.

6. March 20, 1934 St. Joseph News-Press St. Joseph, MO

Article Text

BANK RECEIVER NAMED. John W. Snyder WIN Liquidate Grand National of St. Louis. WASHINGTON, March 20. W. Snyder has been appointed for the Grand National Bank of Louis, Comptroller Currency today was expected receiver would proceed with liquidation of the bank

7. March 29, 1934 Rich Hill Mining Review Rich Hill, MO

Article Text

A PLUM TO RUBEY HULEN Clark Indorses H m as Attorney for St, Louis Bank Receiver Washington, March 28. -One of the largest political plums in federal patronage went to Rubey M. Hulen of Columbia, chairman of the Missouri Democratic state committee, Wednesday when Sen stor Bennett C. Clark recommend ed him as attorney for the receiver of the Grand National Bank of St. Louis. Hulen's formal appointment will be ma le later in the week by John W. Suyder, who Wednesday was named receiver for the de funct bank by the comptreller of the currency. The appointment of Hulen prob ably will result in a more friendly relationship with Clark after a re ported break earlier in the winter when the senstor announced his support of Representative J. L Milligan of Richmond for the Democratic nomination to the senate Hulen at that time was soliciting for bis own candidacy.

8. June 4, 1935 St. Louis Post-Dispatch St. Louis, MO

Article Text

ANOTHER VANDEVENTER PLACE RESIDENCE TO BE RAZED Bank Receiver Acts to Save Taxes; No Profit in Repairing It for Occupancy. A permit to raze a three-story brick residence at 59 Vandeventer place was obtained from the City Building Department today by John W. Snyder, receiver for the Grand National Bank, its owner. It is the second permit for removal of a residence in the once fashionable place to be issued in four days. The house was built about 45 years ago and has been unoccupied for the past three years. It was considered more profitable to demolish the building than repair it for occupancy, since a saving in taxes also would be made. A permit to remove the 50-year-old residence at 12 Vandeventer place, built by the late John D. Perry, was issued last Saturday. "Crucified" Man Sent to Hospital. By the Associated Press. HIGH POINT, N. C., June 4.—R. J. Riggs, who voluntarily underwent "crucifixion" last Saturday morning in a vain attempt to win back the affections of his estranged wife, was ordered committed to the State Hospital for the Insane at Morganton late yesterday. Daniel, the 15-year-old son by a former marriage, who was said to have nailed his father to the cross by the latter's orders, was reported to be with relatives.