Newspapers from Dec 1925 report a depositor 'run' that nearly exhausted resources, causing the bank to close temporarily; stockholders provided funds and a state banking expert declared it safe, and the bank reopened. Exact dates of the run/closure/reopening are not specified beyond 'a few days ago' and 'Tuesday morning' in the articles, so event dates are left null.
Events (3)
1.*Reopening
Newspaper Excerpt
reopened its doors Tuesday morning and resumed business after passing through a period of distressing uncertainty
Source
newspapers
2.*Run
Cause
Rumor Or Misinformation
Cause Details
Depositors made a run on the bank; no specific insolvency scandal cited in the articles, described as a depositor run causing near exhaustion of resources.
Measures
Stockholders secured money to make up deficiencies; public meetings with assurances; state banking expert assisted to restore confidence.
Newspaper Excerpt
the 'run' made on the bank by its depositors a few days ago which almost exhausted the bank's resources
Source
newspapers
3.*Suspension
Cause
Rumor Or Misinformation
Cause Details
Bank closed temporarily after the depositor run nearly exhausted its resources; closure presented as a temporary quitting of business until funds and confidence restored.
Newspaper Excerpt
caused it to close its doors and quit business for the time
Source
newspapers
Newspaper Articles (2)
1.December 19, 1925Effingham Daily RecordEffingham, IL
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Article Text
BIBLE GROVE OPENS DOORS
The Bible Grove State Bank doors Tuesday morning and resumed business after passing through period of distressing uncertainty which looked for time as though the banking business in Bible Grove was at an end. The of the most recent cause trouble was the "run" made the bank by its depisitors few days ago which almost exhausted the bank's resources and caused it to close its deors and quit business for the time.
Public meetings have been held ing the past few days in Bible Grove at which explanations were made and assurances given the people that if they would stand back of the bank with their confidence and patronage the stockholders would guarantee its future safety. The people have sponded favorably to these appeals and money has been secured by the stockholders to make up for all ficiencies. The bank is now declared to be safe and sound by the state banking expert who has been in Bible Grove the past few days helping get matters straightened out and confidence restored.
There is no need for any future "runs" on the bank as the experiences of the past few weeks will have dency to cause of great amount of caution on the part of those connected with the Clay CounRepublican.
2.December 24, 1925The Teutopolis Press and Dieterich Special GazetteTeutopolis, IL
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Article Text
BIBLE GROVE BANK OPENS DOORS
The Bible Grove State Bank reopened its doors Tuesday morning and resumed business after passing through a period of distressing uncertainty which looked for a time as though the banking business in Bible Grove was at an end. The cause of the most recent trouble was the "run" made on the bank by its depositors a few days ago which almost exhausted the bank's resources and caused it to close its doors and quit business for the time. Public meetings have beenheld du ing the past few days in Bible Grove at which explanations were made and assurances given the people that if they would stand back of the bank with their confidence and patronage the stockholders would guarantee its future safety. The people have responded favorably to these appeals and money has been secured by the stockholders to make up for all deficiencies. The bank is now declared to be safe and sound by the state banking expert who has been in Bible Grove the past few days helping get matters straightened out and confidence restored. There is no need for any future "runs" on the bank as the experiences of the past few weeks will have tendency to cause the exercise of a great amount of caution on the part of those connected with the bank-Clay County Republican. TEUTOPOLIS,
