Bingham State Bank - Bingham, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 18, 1932
Location: Bingham, Illinois (39.114, -89.213)

Metadata

Model: gpt-5-mini
Short Digest: 5a951c0f

Response Measures

None

Description

Article (Jun 18, 1932) states a receiver mailed dividend checks and that depositors in Bingham State Bank were paid in full; indicates the bank had been closed and placed in receivership and is being wound up. No run is mentioned.

Events (2)

1. June 18, 1932 Other

Newspaper Excerpt: He also paid 10 cent dividend to the stockholders of the Bingham bank. Depositors in the Bingham bank were paid in full without any stock assessment.
Source: newspapers

2. June 18, 1932 Receivership

Newspaper Excerpt: Vandalia, Ill., June Conner, receiver for the People's State Bank of Ramsey and the Bingham State Bank announced this week that he had mailed out checks ... Depositors in the Bingham bank were paid in full without any stock assessment.
Source: newspapers

Newspaper Articles (1)

1. June 18, 1932 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, June 18, 1932

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Article Text

BANK RECEIVER SENDS OUT DIVIDEND CHECKS Vandalia, Ill., June Conner, receiver for the People's State Bank of Ramsey and the Bingham State Bank announced this week that he had mailed out checks to the depositors of the Ramsey bank for 15 per cent dividend. This brings the total dividend paid up to 45 per cent. He also paid 10 cent diviper dend to the stockholders of the Bingham bank. Depositors in the Bingham bank were paid in full without any stock assessment.