Merchants State Bank - Centralia, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 8, 1930
Location: Centralia, Illinois (38.525, -89.133)

Metadata

Model: gpt-5-mini
Short Digest: 19976136

Response Measures

None

Description

Article (Dec 8, 1930) reports Merchants State Bank in Centralia, Ill. was closed by order of the board of directors and placed in charge of the State auditor for adjustment. No run is mentioned. Closure appears to be regulatory/board-initiated with receiver/adjuster assigned.

Events (2)

1. December 8, 1930 Receivership

Newspaper Excerpt: placed in charge of the State auditor public accounts for and adjustment today. The bank had capital of $100,000 and surplus of $50,000. Deposits at the last quarterly report totaled $1,002,366.
Source: newspapers

2. December 8, 1930 Suspension

Cause: Government Action
Cause Details: Closed by order of the board of directors and placed in charge of the State auditor for adjustment (regulatory/receivership action).
Newspaper Excerpt: The Merchants State Bank closed by order of the board of directors and placed in charge of the State auditor public accounts for and adjustment today.
Source: newspapers

Newspaper Articles (1)

1. December 8, 1930 The Evening Sun Baltimore, MD

Article from The Evening Sun, December 8, 1930

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Article Text

More Banks Close, While One Reopens Hollywood And Illinois Institutions Suspend-Indiana House Doing Business Again Hollywood, Cal., Dec. Bank of Hollywood, which handles the accounts of many film stars, ordered closed today by the State Bank ing Commissioner. An angry crowd gather. in front of the bank, situated in the heart of Hollywood, as the closing notice was posted. It was learned that run started the bank several days ago and number of prominent film figures withdrew their accounts Saturday. Closure In Illinois Centralia. III., Dec. The Merchants State Bank closed by order of the board of directors and placed in charge of the State auditor public accounts for and adjustment today. The bank had capital of $100,000 and surplus of $50,000. Deposits at the last quarterly report totaled $1,002,366. Indiana Bank Reopens English, Ind., Dec. Crawford County State Bank, closed since November 21, reopened for business here today. Depositors signed agreements whereby withdrawals can be made only on or after stipulated dates.