Farmers State Bank - Armington, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 1, 1931*
Location: Armington, Illinois (40.339, -89.311)

Metadata

Model: gpt-5-mini
Short Digest: b52bf586

Response Measures

None

Description

Article (The Pantagraph, 1931-07-03) reports the Farmers State Bank of Armington closed doors recently and that H. Sipfle of Pekin was appointed receiver; the appointment was made by state auditor Oscar Nelson and announced July 3, 1931. No mention of a depositor run; closure appears to be followed by receivership (government action). OCR errors in article text corrected (e.g., fragmented sentences).

Events (3)

1. July 1, 1931* Suspension

Cause: Government Action
Cause Details: Bank had closed doors recently and state auditor announced appointment of receiver; suspension appears associated with government action leading to receivership
Newspaper Excerpt: H. Sipfle of Pekin appointed receiver of the Farmers State bank of Armington which closed doors recently
Source: newspapers

2. July 3, 1931 Receivership

Newspaper Excerpt: H. Sipfle of Pekin appointed receiver of the Farmers State bank of Armington ... The appointment was made Oscar Nelson, state auditor, and announced Thursday
Source: newspapers

3. * Other

Newspaper Excerpt: closed doors recently (no details on depositor panic or run provided)
Source: newspapers

Newspaper Articles (1)

1. July 3, 1931 The Pantagraph Bloomington, IL

Article from The Pantagraph, July 3, 1931

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Article Text

Two Arrested for Pontiac Tobacco License Violation (Special Pantagraph.) ward Snethen arrested and B. Neal of this city Wednesday for violation the new city tobacco Johnson operates root beer stand Neal the cafe on route the west the alleged. were negligent in obtaining city to were fore Police Magistrate Louderback and m. July They were released. Petit Jury to Report cently selected. will report duty time trials be Judge James of to be the in the absence Judge of Triangle Club Elects The club of the Christian has elected the following officers for the coming year: Pearl Cronkhite: vice president. Norma Frances treasurer, Nancy Grosboll. Bank Receiver Appointed (Special to The Pantagraph.) H. Sipfle of Pekin appointed receiver of the Farmers State bank of Armington which closed doors recently The appointment was made Oscar Nelson. state auditor, and announced Thursday Abutment Contract Let The aid com for bridge Litle and bid