Benton State Bank - Benton, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 1, 1927*
Location: Benton, Illinois (37.997, -88.920)

Metadata

Model: gpt-5-mini
Short Digest: 252f2390

Response Measures

None

Description

OCR-corrupted article from Jan 12, 1928. Text indicates the Benton State Bank 'failed last September' (i.e., Sept 1927) and is described as 'defunct'; depositors are organizing and seeking an attorney. No explicit mention of a depositor run prior to suspension; outcome appears to be failure/closure. Dates corrected/derived from publication date.

Events (2)

1. September 1, 1927* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank is described as having failed in September; deposits were allegedly frozen (references to coal miners' deposits).
Newspaper Excerpt: the Benton State bank failed last September allegedly result 'frozen large number coal miners comparatively deposits.
Source: newspapers

2. * Receivership

Newspaper Excerpt: DEPOSITORS WILL ASK FOR ATTORNEY IN BENTON BANK ... depositors the defunct trust company appointed committee ... empowered employ ... for our interbank, now in the hands of the Benton State bank failed last September
Source: newspapers

Newspaper Articles (1)

1. January 12, 1928 Daily Republican-Register Mount Carmel, IL

Article from Daily Republican-Register, January 12, 1928

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Article Text

DEPOSITORS WILL ASK FOR ATTORNEY IN BENTON BANK Press) itors the defunct trust company appointed committee in meeting here empowered employ bring or whatever be necessary for our interbank, now in the hands of the Benton State bank failed last September allegedly result 'frozen large number coal miners comparatively deposits. Seba Marshall was chairman of the meeting at which the commitwas appointed.