Farmers National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 9649
Charter Number: 9649
Start Date: January 17, 1933
Location: Aledo, Illinois (41.200, -90.749)

Metadata

Model: gpt-5-mini
Short Digest: bfba4aa3

Response Measures

None

Receivership Details

Date receivership started: 1933-10-30
Date receivership terminated: 1935-04-04
Share of assets assessed as good: 71.6%
Share of assets assessed as doubtful: 35.4%
Share of assets assessed as worthless: 11.2%

Description

Article states the Farmers National Bank of Aledo had been on a holiday since Jan. 17 and that waivers/subscriptions are being obtained under a plan to reopen the bank (Feb 22 article). No explicit run is mentioned; this appears to be a suspension (bank holiday) with a reopening plan.

Events (6)

1. January 31, 1910 Chartered

Source: historical_nic

2. January 17, 1933 Suspension

Cause: Government Action
Cause Details: Bank closed on a holiday beginning Jan. 17 (bank holiday/temporary closure).
Newspaper Excerpt: been bank has, holiday.
Source: newspapers

3. February 22, 1933 Reopening

Newspaper Excerpt: Waivers Are Signed by Aledo Bank Depositors ... plan approved by citizens committee for the bank't reopening. More than 65 cent of the waivers per been obtained. ... Under the plan, twenty-five cent of the deper assigned the bank and posits remainder, cent, waived for 3-year period, interest ... toward amount being subscribed. capital stock since Jan. 17, been bank has, holiday.
Source: newspapers

4. October 30, 1933 Receivership

Source: historical_nic

5. April 4, 1935 Restored To Solvency

Source: historical_nic

6. May 18, 1935 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. February 22, 1933 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, February 22, 1933

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Article Text

Waivers Are Signed by Aledo Bank Depositors (Special Aledo, Ill., Feb. of taining waivers bank deposits the Farmers National bank Aledo, under plan approved by citizens committee for the bank't reopening. More than 65 cent of the waivers per been obtained. Teams hope conclude the paign this week. Under the plan, twenty-five cent of the deper assigned the bank and posits remainder, cent, waived for 3-year period, interest per cent, payable semi-annually. of $32,500 toward amount being subscribed. capital stock since Jan. 17, been bank has, holiday.