First National Bank - Aurora, IL

Episode Information

Episode UID: 3801585
Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 380 national
Charter Number: 38
Start Date: January 22, 1932
Location: Aurora, Illinois (41.761, -88.320)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: c4afe56cef354374

Response Measures

None

Receivership Details

Depositor recovery rate: 36.9%
Date receivership started: 1932-08-12
Date receivership terminated: 1938-05-28
Share of assets assessed as good: 1.0%
Share of assets assessed as doubtful: 19.0%
Share of assets assessed as worthless: 79.9%

Description

The bank is one of the 'five banks' in Aurora affected by the city-wide moratorium.

Events (6)

1. July 25, 1863 Chartered

Source: historical_nic

2. September 25, 1931 Voluntary Liquidation

Source: historical_nic

3. January 22, 1932 Suspension

Cause: Government Action
Cause Details: City-wide five-day moratorium declared by mayoral proclamation.
Newspaper Excerpt: Aurora closed its doors to business by mayoral proclamation last Friday.
Source: newspapers

4. January 27, 1932 Other

Newspaper Excerpt: there was a welcome run on Aurora's five banks-not the sort of run that becomes a panic, but a run of deposito:s replacing their money in the banks
Source: newspapers

5. January 27, 1932 Reopening

Newspaper Excerpt: business resumed in Aurora after a five-day moratorium. ... business resumed in Aurora after a five-day moratorium.
Source: newspapers

6. August 12, 1932 Receivership

Source: historical_nic

Newspaper Articles (1)

1. January 27, 1932 The Bismarck Tribune Bismarck, Mandan, ND

Article from The Bismarck Tribune, January 27, 1932

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Article Text

Aurora Resumes Regular Business Aurora, Ill., Jan. 27.-(AP)-A blast of whistles at 9 a. m. Wednesday gave the signal: "Play ball!" and business resumed in Aurora after a five-day moratorium. A band played in the downtown section where only groceries, drug stores, public utilities and newspapers had kept open since Friday morning. And there was a welcome run on Aurora's five banks-not the sort of run that becomes a panic, but a run of deposito:s replacing their money in the banks, opening new accounts, drawing their savings from unproductive hoarding in safety deposit boxes and returning the money to their regular bank accounts. Aurora closed its doors to business by mayoral proclamation last Friday.