First National Bank - East St Louis, IL

Bank Information

Episode Type: Run Only
Bank Type: national
Bank ID: 11596
Charter Number: 11596
Start Date: April 1, 1927*
Location: East St Louis, Illinois (38.624, -90.151)

Metadata

Model: gpt-5-mini
Short Digest: d3f568bee66630bb

Response Measures

None

Description

Article reports that the bank president (Ziegler/Ziezler) was an embezzler and that this caused a run on the bank. OCR errors in the clipping (name spelled Ziegler/Ziezler; sentence fragments). No mention of a suspension, receivership, or reopening in the text provided.

Events (3)

1. February 6, 1920 Chartered

Source: historical_nic

2. April 1, 1927* Run

Cause: Bank Specific Adverse Info
Cause Details: Bank president (Ziegler/Ziezler) implicated in embezzlement; his actions led to depositor withdrawals.
Newspaper Excerpt: ...who last month ... for embezzlement from the bank, and who caused run on the bank...
Source: newspapers

3. May 8, 1934 Voluntary Liquidation

Source: historical_nic

Newspaper Articles (1)

1. April 22, 1927 Jacksonville Journal Courier Jacksonville, IL

Article from Jacksonville Journal Courier, April 22, 1927

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Article Text

ZIEGLER HEAD EMBEZZLER East Louis, April 28. fugitive president the National Bank Ziezler, who last month federal grand jury for embezzlement from the bank, and who caused run on the bank by shortly surrendered United States Attorney Harold Baker