4125. State Bank (Eddyville, IL)

Bank Information

Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
state
Start Date
November 1, 1931*
Location
Eddyville, Illinois (37.499, -88.588)

Metadata

Model
gpt-5-mini
Short Digest
e665af051dda4ef0

Response Measures

None

Description

Articles (Feb 1, 1932) report Eddyville State Bank had been closed about three months after a run that followed closures of nearby banks; cashier called in an examiner and state auditor ordered a $5,000 stockholder assessment. The bank is to reopen on Feb 2, 1932.

Events (3)

1. November 1, 1931* Run
Cause
Local Banks
Cause Details
Runs/closures at nearby banks precipitated heavy withdrawals and a run on Eddyville State Bank
Measures
Cashier called in an examiner; state auditor ordered a $5,000 stockholder assessment
Newspaper Excerpt
Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank
Source
newspapers
2. November 1, 1931* Suspension
Cause
Local Banks
Cause Details
Bank was closed after the run that followed nearby banks' closures
Newspaper Excerpt
Eddyville State bank, closed three months ago, is to be reopened tomorrow
Source
newspapers
3. February 2, 1932 Reopening
Newspaper Excerpt
Eddyville State bank... is to be reopened tomorrow
Source
newspapers

Newspaper Articles (2)

Article from Waukegan News-Sun, February 1, 1932

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Article Text

FLOUR unchanged In carload lots family patents 4.30-4.40 per barrel in 98 pound Shipments 24,774: pure bran 12.5013.00 Standard middling 11.00-11.50. REOPEN EDDYVILLE BANK HARRISBURG, Ill., Feb. 1-(AP) Eddyville State bank, closed three months ago, is to be reopened tomorrow Cashier Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank As precaution state auditor ordered stockholder assessment $5,000 Golconda business are tempting to reopen one of their closed REPORT MERGER DANVILLE (INS). Merger of the Malleable Company and the Manufacturing of this city announced here today. The Decatur plant will be abandoned and the and working force brought, here, it was reported. CLOSE DUBUQUE BANK DUBUQUE Ia., Feb. (INS)The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today It the second large Dubuque bank close within week. TREASURY BALANCE The treasury net balance Jan was $341 Expenditures that day were $4,052,727.34 Customs receipts for month through Jan 29 were $26,131,864.00 PEORIA GRAIN 1/2c higher: No. yellow 351/2 Oats unchanged; No. white DECLARE DIVIDEND NEW YORK, (UP)-Th4 Corp., representing the mergered Standard Oil Co. and the Vacuum Oil Co., today declared 25 share, payable March 15 to stock of record Feb Following the merger of the last year the paid initial dividend of 40 cents on Sept. 15 and later distributed cents share on Dec. 15.


Article from Belleville Daily Advocate, February 1, 1932

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Article Text

BANK TO REOPEN Eddyville State Bank, closed three ago, is to be reopened Ragan closed the called in an exwhen all closed and run on his bank the auditor of $5,000. Golconda men are attempting to reopen one of their closed banks.