Twelfth Street National Bank (St Louis, MO)

View Charter #12491 on SPMC View balance sheet

Episode Information

Episode UID
1249101597
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
124910 national
Charter Number
12491
Start Date
January 16, 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
d6170d6de2518dfd

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-01-19
Date receivership terminated
1936-10-27
Share of assets assessed as good
30.6%
Share of assets assessed as doubtful
66.0%
Share of assets assessed as worthless
3.4%

Description

Bank failed to open Jan. 16, 1933 and was placed in federal receivership; later dividends paid during liquidation.

Events (7)
1. January 31, 1924 Chartered
Source
historical_nic
2. January 16, 1933 Suspension
Cause
Government Action
Cause Details
Failed to open on Jan. 16, 1933 and was taken into federal receivership.
Newspaper Excerpt
The bank suspended operations January 16, 1933.
Source
newspapers
3. January 19, 1933 Receivership
Source
historical_nic
4. January 19, 1933 Receivership
Newspaper Excerpt
After the bank closed it was placed in Federal receivership and now is being liquidated by Receiver J. Buckner Fisher.
Source
newspapers
5. July 6, 1933 Other
Newspaper Excerpt
A dividend of 40 per cent of the deposits in the Twelfth Street National Bank...Payment to Be Made at Office of Receiver, 1800 Olive: Customers Must Call in Person.
Source
newspapers
6. January 23, 1934 Other
Newspaper Excerpt
TWELFTH ST. BANK TO PAY SECOND DIVIDEND...This dividend totals $259,162.64 and is in the amount of 35 per cent, bringing the total paid out to 75 per cent.
Source
newspapers
7. December 13, 1934 Other
Newspaper Excerpt
Harry W. Krieger, who was vice-president and cashier of the Twelfth Street National Bank when failed in January, 1933, ended his life by shooting himself...
Source
newspapers

Newspaper Articles (8)
1. January 17, 1933 Paragould Daily Press Paragould, AR

Article Text

Eight More St. Louis Banks Close Their Doors St. Louis, Jan. 17.—Eight St. Louis banks failed to open yesterday, making 16 banks with aggregate deposits exceeding $15,000,000 closed in the city and St. Louis county within the last 12 days. Most of the closed institutions were small neighborhood banks. Those which closed today were: Twelfth Street National bank, capital stock $300,000; deposits, $945,393; LaClede Trust Company, deposits $1,111,013, total resources $1,789,516; Chouteau Trust Company, deposits $668,835; total resources $1,019,141; Natural Bridge Trust Company, deposits $913,951, total resources $1,265,956; Lowell bank, deposits $2,457,134, total resources $3,517,290; Grant State bank, deposits $1,190,178, total resources $1,718,534; Sarah-Olive bank of St. Louis, deposits $174,572, total resources $425,653; Scruggs Vandervoort and Barney bank, operated in a downtown department store of the same name, deposits $1,762,642, total resources $2,507,530. PIG TURNS TABLES Salt Lake City—The pig which Harold R. Howard was trying to slaughter turned butcher itself. The pig was hung from a nail and Howard had stabbed it in the throat once. Thinking the one stab had not been sufficient, Howard grabbed one of the pig's legs and raised the knife a second time. The pig gave a frantic kick which caused the knife to slip and cut Howard's hand. He lost considerable blood before he reached the hospital.

2. July 6, 1933 St. Louis Post-Dispatch St. Louis, MO

Article Text

40 PER CENT DIVIDEND READY FOR 12TH ST. BANK DEPOSITORS Payment to Be Made at Office of Receiver, 1800 Olive: Customers Must Call in Person. A dividend of 40 per cent of the deposits in the Twelfth Street National Bank, which closed Jan. 16, has been arranged by the bank's receiver, Edwin S. Coombs. Deposits at the time of closing amounted to $848,966. Coombs said, BO the dividend is $339,867. Checks are ready for distribution to depositors at Coombs' office, 1800 Olive street, which is open 9 a. m. to 3 p. m daily except Saturday, when it closes at noon. Depositors must call for their checks in person. Coombs said he could not forecast when a second dividend might be paid. Capital stock of the bank, at 1113 Chouteau avenue, was $300,000. The stockholders were called on for 100 per cent assessment under the double liability law for stockholders in national banks.

3. January 23, 1934 St. Louis Globe-Democrat St. Louis, MO

Article Text

TWELFTH ST. BANK TO PAY SECOND DIVIDEND Checks representing second dividend for depositors of the closed Twelfth Street National Bank, Twelfth street and Chouteau avenue, will be ready for distribution at a. m. today, it was announced yesterday by Edwin S. Coombs, receiver. This dividend totals $259,162.64 and is in the amount of 35 per cent, bringing the total paid out to 75 per cent. 40 per cent dividend was paid out July 1933. The bank suspended operations January 16, 1933. To obtain their checks, Coombs said, creditors must present their receiver's certificates or proof of claims which were received by them when the first dividend was paid.

4. May 27, 1934 St. Louis Post-Dispatch St. Louis, MO

Article Text

FEDERAL BANK RECEIVER QUITS E. S. Coombs to Be Vice-President of Telegraphers' National. Edwin S. Coombs, Federal receiver in charge of liquidation of Twelfth Street National Bank, South Side National Bank and St. Louis National Bank, has resigned to become vice-president and managing officer of the Telegraphers' National Bank. In that office he succeeds H. E. Offenbacher, who has resigned. Coombs is a native of Kansas City and formerly was manager of the stock exchange department of the Board of Trade there. He was in the banking business in Columbia before coming to St. Louis. nity. Studebaker has constructed a gargantuan automobile model that stands 39 feet high and 80 feet long. Its wheels are 12 feet in diameter. Nash will display its models in its "glass tower." Hupmobile exhibits in the Travel and Transportation building. International Harvester has in operation a robot-driven farm tractor.

5. September 24, 1934 St. Louis Globe-Democrat St. Louis, MO

Article Text

CLOSED BANK TO PAY 20 PER CENT DIVIDEND An additional 20 cent dividend, bringing the up to cent, ready for the closed Twelfth Street NaBank, Olive street. Buckner Fisher, receiver the bank, announced yesterday distribution of dividend checks will betoday at the bank. Creditors must bring their certificates of proof of claim them. These issued when the first dividend was paid. "From records available," said Fisher, appears cent dividend liquidapaid any suspended bank in Checks ready for distribution tototal dividend per cent July 1933, and dividend Bleek per cent paid January 1934. The bank January 16, 1933.

6. October 10, 1934 The St. Louis Star and Times St. Louis, MO

Article Text

QUESTIONS AND ANSWERS As evidence of good faith, you are requested to send your name and address with your question. Names are not published. If a personal reply is desired send stamped, self-addressed envelope. Financial, medical and legal advice is not given. Q. When does day begin—when the clock has struck 12 at midnight or when daylight appears? A. Day and date begin at midnight. Q. What day did November 28, 1873, fall on? A. Friday. Q. Who invented the automobile and airplane? A. The automobile has evolved from the steam carriage. Capt. Nicholas Joseph Cugnot of the French army, in 1769, drove such a carriage 2 1/2 miles an hour. In 1802 Richard Trevithick built another which evolved into the steam locomotive. Gottlieb Daimler, Germany, 1885, operated the first gasoline-driven bicycle. It is also claimed that Carl Benz, Germany, drove the first motor car in 1885. The first motor car in America was driven April 19, 1892, by C. A. Duryea. Elwood Haynes, July 4, 1894, drove a gasoline automobile of his own invention. Orville and Wilbur Wright, 1903, are credited with constructing the first practical airplane, following the general ideas of Prof. S. P. Langley, whose motor-driven "aerodrome" flew three-quarters of a mile in 1896, without a pilot. Q. Is there any department in the state where spring and well water can be sent to be tested for disease germs? A. Yes, Division of Sanitation, State Board of Health, Jefferson City, Mo. Q. What is the address of Robert Quillen? A. Care Publishers' Syndicate, 33 La Salle street, Chicago. Q. What day did January 11, 1866, fall on? September 25, 1892? A. Thursday. Sunday. Q. What does "e pluribus unum" mean? A. It is Latin for one out of many, and the motto of the United States, as being one government formed from several states. Q. Where can records of all past World Series baseball games be learned? A. From baseball guides at the Public Library and for sale at book stores and stands. Q. What is Dizzy Dean's real name? A. Jerome Herman Dean. Q. Where is the office of the Citizens' Committee on Relief and Employment? A. The administrative offices are at 2221 Locust street. Some twenty branch offices are listed in the telephone directory. Q. What is the name and address of the British consul in St. Louis? A. H. E. Bowle, 1218 Olive street. Q. What is the seating capacity of the Municipal Theater? A. 10,000. NOTE—In this column, October 8, credit for dividends paid and being paid by the St. Louis National Bank aggregating 95 per cent to depositors, should have been given to the Twelfth Street National Bank. Receiver J. Buckner Fisher of both institutions states, the St. Louis National having paid two dividends amounting to 30 per cent.

7. December 13, 1934 St. Louis Post-Dispatch St. Louis, MO

Article Text

CASHIER BANK SUICIDE Body of Harry W. Krieger Found Near Natural Bridge and Goodfellow, Pistol at Side. NOTES INDICATE MONEY TROUBLES Wife, Who Reported Him Missing, Says He Left Home at M. to Mail Letter. Harry W. Krieger, who was vicepresident and cashier of the Twelfth Street National Bank when failed in January, 1933, ended his life by shooting himself in the head last night or early today. Members of his family said he had been despondent over financial verses. His body was found by passing motorist at 6:45 m. today the base of clay bank on the west side of Goodfellow 200 yards south of Natural Bridge avenue. He had been shot in the right temple, and 380-caliber automatic pistol lay beside him. An ejected cartridge was found few feet away. Frost on overcoat indicated the body had been there during at least part of the night. In pocket were two penciled notes. One, addressed to wife, Mrs. Ruth Krieger, indicated financial difficulties. It read: "Only note to be honored (1) note of Hecht for $75, secured by diamonds: and if you care to, honor note to Almida if you can pay her little at time. All other notes are taken care of in some manner." It was signed, and The other note was brief instruction that the Sharkey Undertaking Co. be notified in case of accident. Krieger was reported missing at today by Mrs. Krieger, who said he had their home at Bellerive Acres, immediately west of the Bellerive Country Club and north Natural Bridge road, at o'clock, saying he was going out to mail letter. There was no further word of him until the body found. He was 40 years old. The Twelfth Street National Bank, 1113 Chouteau avenue, failed to open on Jan. 16, 1933, when six other banks also failed to open for business. Since that time, deposit1 have 95 per cent of their deposits. The latest installment paid by the receiver, Buckner Fisher, last Sept. 24, when announced that part or all of the remaining per cent would be paid after assets were liquidatStockholders had been assessed $300,000, value their holdings, to pay off depositors, in conformity the national banking law. The bank receiver declined to say how much stock Krieger had owned in Since the closing of the bank, Krieger had been working as real estate salesman. Two days ago he sold his automobile used-car agency North Kingshighway boulevard, remarking that he needed money would be able to wife's automobile when he needed it. Last night, as his custom, he dropped at drug store near home, had soft drink, chatted briefly and cheerfully with acbefore left. His body was identified today at the morgue by his uncle. John Sharkey, proprietor of the undertaking company mentioned in of notes. Also surviving is Robert.

8. December 14, 1934 The Washington Times Washington, DC
Article from The Washington Times, December 14, 1934

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Article Text

BANKER FOUND SHOT TO DEATH ST. LOUIS, Dec. 14 (I.N.S.). The body of Henry W. Krieger, former vice president and cashier of the closed Twelfth Street National Bank, was found yesterday on a deserted stretch of road, a bullet wound in the right temple. The body was discovered about ten hours after Mr. Krieger had left his palatial home in St. Louis county telling his wife and son that he was going to mail some letters. Police announced that the evidence indicated that Mr. Krieger had committed suicide. Mr. Krieger was vice president and cashier of the Twelfth Street National Bank at the time it closed. After the bank closed it was placed in Federal receivership and now is being liquidated by Receiver J. Buckner Fisher.