First National Bank (Oneida, IL)

Episode Information

Episode UID
1075201594
Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
107520 national
Charter Number
10752
Start Date
October 22, 1932
Location
Oneida, Illinois (41.072, -90.225)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7d84b0613fe8acee

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1932-06-21
Date receivership terminated
1936-07-07
Share of assets assessed as good
41.0%
Share of assets assessed as doubtful
59.0%

Description

Listed explicitly as a receiver in RFC loan roll; implies bank in receivership/closed.

Events (3)

1. June 25, 1915 Chartered
Source
historical_nic
2. June 21, 1932 Receivership
Source
historical_nic
3. October 22, 1932 Receivership
Newspaper Excerpt
First National Bank of Oneida (receiver) $21,000
Source
newspapers

Newspaper Articles (2)

Article Text

Almost Billion Dollars Sent Out into Channels of nance and Relief. Oct. billion dollars has flowed from into the channels and relief. loans authorized September alone amounting As shown today in the third port from the corporation to congress, over in vances have been made. This braces nearly to banks and trust companies and $218,railroads, and does include loans that have been paid. The report showed that the cash balance of the corporation on September During September the third series of the percent issued sold to the This brings the total amount debentures sold to the treasury which with the capital the total outto in authorized loans had not been disbursed. yet The secretary of agriculture had left with the corporation of September 30th the allocated production fund. Loans authorized during September to banks and trust companies "exclusive of amounts canceled" during the month, were listed to include the following Illinois: First National bank of Altamont, State bank, $7500; City National bank of Centralia, Chicago, Side Savings bank, Chicago, Halsted State bank, South Ashland National bank of Chicago National Bank Clayton State bank, State Bank of ColState Bank of $7000; Crossville, First National bank, $8000; DeKalb. Trust bank, First National Bank of Downers Grove (receiver), $45,000; First State Savings bank of Galena, Hopedale, Hopedale tional bank (receiver), $18,000; Ayers National bank JacksonFirst National bank Leroy (receiver), First National bank Mendota (receiv$76,000; Mendota, Mendota National bank (recelver), Mt. Carmel, National bank, First National bank of Newton, Olney, First bank, First National bank Oneida (receiver), National City bank (receiver), Secor, First National bank, Smithshire, Smithshire State bank, Other authorized during September included: (III.), Lawrenceville Loan association, Wheaton Home Building and Loan association, $8764. Nearly 175 foreign firms have taken sites or factories in England this year.


Article Text

ILLINOIS BANKS AIDED BY R. F. C. REPORTED TODAY Corporation's Detailed Report Is Sent To Congress Today Washington, Oct. 22 โ€”(AP)โ€” Almost a billion dollars has flowed from the Reconstruction Finance Corporation into the channels of finance and relief, loans authorized in September alone amounting to $137,346,000. As shown today in the third report from the corporation to the Congress, over $995,604,000 in advances have been made. This embraces nearly $544,000,000 to banks and trust companies and over $218,670,000 to railroads, and does not include loans that have been repaid. The report showed that the cash balance of the corporation on September 30 was $31,545,053. During September $25,000,000 of the third series of the $250,000,000 in 3 1-2 per cent debentures issued by the board were sold to the Treasury. This brings the total amount of debentures sold to the Treasury to $600,000,000, which with the $500,000,000 capital brings the total outlay to over $1,110,000,000. The Secretary of Agriculture had left with the corporation as of September thirteenth $35,071,000 of the allocated crop production fund. Loans authorized during September to banks and trust companies, "exclusive of amounts withdrawn or cancelled" during the month, were listed to include the following in Illinois: First National Bank of Altamont $20,000; Anchor State Bank $7,500; City National Bank of Centralia $60,000; Chicago, East Side Trust & Savings Bank $15,000; Chicago, Sixty-Third & Halsted State Savings Bank $36,500; South Ashland National Bank of Chicago (receiver) $41,000 Standard National Bank of Chicago (receiver) $62,000; Clayton, Clayton State Bank $20,000; State Bank of Collinsville $25,000; State Bank of Cordova $7,000; Crossville, First National Bank $8,000; DeKalb, DeKalb Trust & Savings Bank $35,000; First National Bank of Downers Grove (receiver) $45,000; First State & Savings Bank of Galena $20,000; Hopedale, Hopedale National Bank (receiver) $18,000; Ayers National Bank of Jacksonville $90,000; First National Bank of Leroy (receiver) $30,000; First National Bank of Mendota (receiver) $76,000; Mendota, Mendota National Bank (receiver) $139,000; Mt. Carmel, American-First National Bank $15,000; First National Bank of Newton $21,000; Olney, First National Bank $65,000; First National Bank of Oneida (receiver) $21,000; National City Bank of (Continued on Page 2)