3602. Union State Bank (Brownfield, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 1, 1930*
Location
Brownfield, Illinois (37.346, -88.607)

Metadata

Model
gpt-5-mini
Short Digest
e06dd5f8281a80a1

Response Measures

None

Description

Contemporary articles (Dec 17–18, 1930) report the Union State Bank of Brownfield, Pope County, Ill., was suspended pending adjustment and examination by state bank examiners and the closing of the bank was announced. No run or depositor panic is described. Cause appears to be state examiner action/official suspension.

Events (2)
1. December 1, 1930* Suspension
Cause
Government Action
Cause Details
Suspended pending adjustment and examination of its books by State bank examiners as announced by the State Auditor.
Newspaper Excerpt
Brownfield Suspended Dec. Union State Bank of Brownfield, Pope County, has suspended pending adjustment and examination of its books by State bank examiners, announced State Auditor Oscar Nelson here today.
Source
newspapers
2. December 18, 1930 Other
Newspaper Excerpt
Closing of the Union State bank of Brownfield, in Pope county was announced by the state auditor Wednesday.
Source
newspapers

Newspaper Articles (2)
1. December 17, 1930 The Daily Independent Murphysboro, IL
Article from The Daily Independent, December 17, 1930

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Article Text

Brownfield Suspended Dec. Union State Bank of Brownfield, Pope County. has suspended pending adjustment and amination of its books by State bank examiners, announced State Auditor Oscur Nelson here today. The Union State Bank has ital stock of $15,000 and deposits totaling approximately Clanahan president cashier.

2. December 18, 1930 The Des Moines Register Des Moines, IA
Article from The Des Moines Register, December 18, 1930

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Article Text

SCHOOL LEVIES Two Close in Alabama. MONTGOMERY ALA. Dent F. Green. superintendent of state banks. Wednesday announced the closing of the Bank State Surveys Made Public By of Louisville at Louisville Ala Agnes Samuelson. state charter institution and the Sturdivant bank at Leedsville, Striking inequalities in the private bank operation and financial support Mr. Green said the Bank of of school districts in Iowa have Louisville was closed on account been brought out in a series of of heavy withdrawals. The bank school surveys under the direchad $40,000 capital stock and tion of Agnes Samuelson, state $12.000 surplus with deposits of superintendent of public instrue$82,245 on Nov. 20. tion, it was made known Wednes- Suspension in Illinois. SPRINGFIELD. ILL. (AP) Closing of the Union State bank of Brownfield. in Pope county was announced by the state auditor Wednesday The bank was capitalized at $15,000 and on the first of this year reported $49,589 out on loans and $43.151 on deposit