4164. Bank of Farmington (Farmington, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
December 24, 1895
Location
Farmington, Illinois (40.699, -90.004)

Metadata

Model
gpt-5-mini
Short Digest
66275834558863ed

Response Measures

None

Description

Multiple contemporaneous newspaper reports (Dec 24, 1895) state the Bank of Farmington, a private institution owned by Jackson Mason, 'failed' due to poor collections. Articles report a failure/closure; no runs or reopening mentioned.

Events (1)
1. December 24, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to 'poor collections' (bad loans/receivables leading to insolvency).
Newspaper Excerpt
The Bank of Farmington, a private institution, located at Farmington... failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000 each. Poor collections are assigned as the cause of the failure.
Source
newspapers

Newspaper Articles (3)
1. December 25, 1895 The Times Richmond, VA
Article from The Times, December 25, 1895

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Article Text

An Illinois Bank Fails. CANTON, ILL., Dec. 24.-The Bank of Farmington, a private institution, located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000 each. Poor collections are assigned as the cause of the failure.

2. December 25, 1895 The Morning News Savannah, GA
Article from The Morning News, December 25, 1895

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Article Text

A Country Bank Fails. Canton, Ill., Dec. 24.-The Bank of Farmington, a private Institution located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. The assets and liabilities are about $20,000 each. Poor collections are assigned as the cause of the failure.

3. December 25, 1895 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 25, 1895

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Article Text

Private Bank Fails. CANTON, ILL, December 24.-The Bank of Farmington, a private institution, located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000. Poor collections are assigned as the cause of the failure.