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Old Bank Suspended in Missouri Banking History 1877
The National Bank of the State of Missouri in St. Louis was placed in receivership by the U.S. Treasury on June 23 1877 marking the bank’s final collapse after decades as a leading Missouri and Western financial institution. The failure followed fraud, risky loans to officers and directors, and a 1873 capital contraction amid a broad bank panic.
MENTIONED IN THIS ARTICLE
Missouri
Floyd C. Shoemaker
National Bank of
State of Missouri
St. Louis
United States Treasury
America
Bank of the State of
Mississippi Valley
James B. Eads
Western Bank
North Missouri Railroad
Eads
Merchant’s Exchange
National Bank of Missouri
United States
Treasury Department
Treasury Examiner
Cable
Treasury
Walter S. Johnston