Citizens Savings Bank - Carrier Mills, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 1, 1932*
Location: Carrier Mills, Illinois (37.684, -88.633)

Metadata

Model: gpt-5-mini
Short Digest: 33e1e847

Response Measures

None

Description

Article (Chicago Tribune, 1932-11-01) reports Citizens Savings Bank of Carrier Mills has been asked to call for deposits and enter voluntary liquidation because it cannot make a profit. No run or depositor panic is mentioned; the bank is voluntarily liquidating and ceasing business.

Events (1)

1. October 1, 1932* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank entered voluntary liquidation due to failure to earn sufficient profit to remain in business.
Newspaper Excerpt: Citizens Savings bank here, with resources of $50,603, has been asked to call for their money. Bank Can't Make Profit; to Pay Depositors and Cease
Source: newspapers

Newspaper Articles (1)

1. November 1, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, November 1, 1932

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Article Text

Bank Can't Make Profit; to Pay Depositors and Cease Carrier Mills, III., Oct. Citizens Savings bank here, with resources of $50,603, has voluntary liquidation of failure to earn sufficient profit to remain in business. been asked to call for their money.