National State Bank - Bloomington, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2386
Charter Number: 2386
Start Date: May 3, 1898
Location: Bloomington, Illinois (40.484, -88.994)

Metadata

Model: gpt-5-mini
Short Digest: 45927d48

Response Measures

None

Description

Article (Comptroller bulletin) states the First National Bank of Leadville, Colo. was insolvent and J. Watts appointed receiver effective May 3, 1898. No run or reopening mentioned — this is a government-appointed receivership/closure.

Events (4)

1. June 5, 1878 Chartered

Source: historical_nic

2. May 3, 1898 Receivership

Newspaper Excerpt: Insolvent-The First National bank of Leadville, Colo., J. Watts appointed receiver in place of z. T. Hill, to take effect May 3, 1898.
Source: newspapers

3. May 3, 1898 Suspension

Cause: Government Action
Cause Details: Comptroller bulletin reports bank insolvent and a receiver (J. Watts) appointed effective May 3, 1898.
Newspaper Excerpt: Insolvent-The First National bank of Leadville, Colo., J. Watts appointed receiver in place of z. T. Hill, to take effect May 3, 1898.
Source: newspapers

4. May 3, 1898 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. May 15, 1898 The Herald Los Angeles, CA

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Article Text

National Bank Changes The latest bulletin of the comptroller of the currency, dated May 9, 1898, gives the following, among other changes: National Banks Organized-The State National bank of Bloomington, Ill., capital $150,000; J. Funk, president; A. B. Hoblit. cashier. The Leavitt and Johnson National bank of Waterloo, Iowa, capital $100,000; J. H. Leavitt, president: I. Rodamar, cashier. Application to Organize National Bank Approved-The First National bank of Ford City, Penn., capital $50,000, by M. J. Alexander, E. Pitcairn. W. D. Hartupee et al. Corporate Existence of National Bank Expired-The National State bank of Bloomington, Ill. expired by limitation May 8 1898. Liquidation-The Abilene National bank, Abilene, Texas, by resolution of its stockholders. to take effect May 3, 1898. Insolvent-The First National bank of Leadville, Colo., J. Watts appointed receiver in place of z. T. Hill, to take effect May 3, 1898. The Chamberlain National bank, Chamberlain, S. D., J. McDowell appointed receiver in place of J. L. Thompson, to take effect May 3, 1898.