National State Bank (Bloomington, IL)

View Charter #2386 on SPMC View balance sheet

Episode Information

Episode UID
238601181
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
23860 national
Charter Number
2386
Start Date
May 8, 1898
Location
Bloomington, Illinois (40.484, -88.994)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c5983c2ec160c276

Response Measures

None

Description

One article (1898) states the bank's corporate existence expired by limitation; a separate 1893 article refers to a different Bloomington bank (National Exchange Bank).

Events (3)
1. June 5, 1878 Chartered
Source
historical_nic
2. May 3, 1898 Voluntary Liquidation
Source
historical_nic
3. May 8, 1898 Suspension
Cause
Voluntary Liquidation
Cause Details
Corporate existence expired by limitation (charter expiration) leading to cessation of the bank's corporate existence.
Newspaper Excerpt
Corporate Existence of National Bank Expired-The National State bank of Bloomington, Ill. expired by limitation May 8 1898.
Source
newspapers

Newspaper Articles (2)
1. May 20, 1893 The Portland Daily Press Portland, ME
Article from The Portland Daily Press, May 20, 1893

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Article Text

A Banker in Jail. BLOOMINGTON, Ill., May 19.-W. H. Schureman, proprietor of the National Exchange Bank, which suspended last Monday, was taken to jail charged with embezzlement of the funds. He offered to furnish bail but was not allowed to do so.

2. May 15, 1898 The Herald Los Angeles, CA
Article from The Herald, May 15, 1898

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Article Text

National Bank Changes The latest bulletin of the comptroller of the currency, dated May 9, 1898, gives the following, among other changes: National Banks Organized-The State National bank of Bloomington, Ill., capital $150,000; J. Funk, president; A. B. Hoblit. cashier. The Leavitt and Johnson National bank of Waterloo, Iowa, capital $100,000; J. H. Leavitt, president: I. Rodamar, cashier. Application to Organize National Bank Approved-The First National bank of Ford City, Penn., capital $50,000, by M. J. Alexander, E. Pitcairn. W. D. Hartupee et al. Corporate Existence of National Bank Expired-The National State bank of Bloomington, Ill. expired by limitation May 8 1898. Liquidation-The Abilene National bank, Abilene, Texas, by resolution of its stockholders. to take effect May 3, 1898. Insolvent-The First National bank of Leadville, Colo., J. Watts appointed receiver in place of z. T. Hill, to take effect May 3, 1898. The Chamberlain National bank, Chamberlain, S. D., J. McDowell appointed receiver in place of J. L. Thompson, to take effect May 3, 1898.