3596. National State Bank (Bloomington, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
national
Bank ID
2386
Charter Number
2386
Start Date
May 8, 1898
Location
Bloomington, Illinois (40.484, -88.994)

Metadata

Model
gpt-5-mini
Short Digest
49db57af933a5600

Response Measures

None

Description

Article 2 (Herald, 1898-05-15) reports the National State bank of Bloomington, Ill. corporate existence expired by limitation May 8, 1898 (charter expiration / winding up). No run is described. Article 1 refers to the National Exchange Bank and an embezzlement arrest โ€” a different institution and therefore not attributed to the National State 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) on May 8, 1898; reported as expired rather than forced by insolvency or run.
Newspaper Excerpt
The National State bank of Bloomington, Ill. expired by limitation May 8 1898.
Source
newspapers

Newspaper Articles (2)

Article from The Portland Daily Press, May 20, 1893

Click image to open full size in new tab

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.


Article from The Herald, May 15, 1898

Click image to open full size in new tab

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.