National Trust Bank - Charleston, IL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 11358
Charter Number: 11358
Start Date: July 28, 1933
Location: Charleston, Illinois (39.496, -88.176)

Metadata

Model: gpt-5-mini
Short Digest: 819caa02

Response Measures

None

Description

Article (Jul 28, 1933) states the bank has been operating on a restricted basis since the federal banking holiday and a conservator is in place; federal authorities are to survey and the bank is likely to be allowed to resume on a nonrestricted basis. No run is reported.

Events (4)

1. May 22, 1919 Chartered

Source: historical_nic

2. July 28, 1933 Suspension

Cause: Government Action
Cause Details: Operating on a restricted basis following the federal banking holiday; a conservator (Bruce Rardin) appointed and federal survey forthcoming.
Newspaper Excerpt: The Charleston bank has been operating on a restricted basis since the federal banking holiday. None of the deposits made before the bank was closed have been released...government representatives will be sent to Charleston next week to consider the local situation.
Source: newspapers

3. June 30, 1934 Voluntary Liquidation

Source: historical_nic

4. * Other

Newspaper Excerpt: Possibility that the National Trust bank may be allowed to resume business on a non restricted basis ... Mr. Rardin stated that definite plans for the bank probably would be announced some time next week.
Source: newspapers

Newspaper Articles (1)

1. July 28, 1933 Herald and Review Decatur, IL

Article from Herald and Review, July 28, 1933

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Article Text

CHARLESTON BANK LIKELY TO REOPEN AFTER U.S. SURVEY Charleston- Possibility that the National Trust bank may be allowed to resume business on a non restricted basis is seen in the promise of federal authorities that gov ernment representatives will be sent to Charleston next week to consider the local situation. This promise was made to Bruce Rardin, conservator of the bank, and F. W. Claar, cashier. The Charleston bank has been opcrating on a restricted basis since the federal banking holiday. None of the deposits made before the bank was closed have been released, and as this is the only bank in Charleston, business has suffered considerably. Mr. Rardin stated that definite plans for the bank probably would be announced some time next week. HELD FOR LARCENY cal athletic club operator, gave bond for $300 in Justice Traylor's court Thursday when he was charged with larceny. Haddock was arrested after he had taken $17 from a man's pocket. He gave bond and was released. The hearing is set for July 29.