Articles (May 1933) state the Herrin State Savings Bank had been placed in receivership about three years earlier and remains closed; a new receiver (E. B. Jackson) was appointed 1933-05-11. No run is mentioned. Therefore this is a suspension that led to permanent closure/receivership. Dates: initial suspension inferred ~May 1930 from text saying three years ago.
Events (3)
1.May 1, 1930*Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership (closed) around May 1930; closure by state receivership action.
Newspaper Excerpt
who has been in charge since the bank was placed in receivership three years ago.
Source
newspapers
2.May 11, 1933Receivership
Newspaper Excerpt
E. B. Jackson has been appointed as receiver for the Herrin State Savings Bank of Herrin, succeeding Hal Trovillion who has been in charge since the bank was placed in receivership three years ago.
Source
newspapers
3.May 25, 1933Other
Newspaper Excerpt
Warder named bank attorney ... His choice as legal counsel for group of closed banks expected include ... the Herrin State Savings Bank was learned here Saturday morning.
Source
newspapers
Newspaper Articles (2)
1.May 11, 1933Marion Weekly LeaderMarion, IL
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Article Text
Jackson Now Receiver For Herrin State Bank
E. B. Jackson has been appointed as receiver for the Herrin State Savings Bank of Herrin, succeeding Hal Trovillion who has been charge since the bank was placed in receivership three years ago. No dividends have been paid by the bank Mr. Jackson will continue to act as receiver for the state banks at Brown field and Golconda where he has been in charge since they closed three years ago. He was for while the receiver for the Johnston City State Bank which has reopened and is now in operation.
2.May 25, 1933Marion Weekly LeaderMarion, IL
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Article Text
WARDER NAMED BANK ATTORNEY
Marion Attorney to Represent Group of Bank Receivers, Including One Here.
That Attorney Warder Marion is to be appointed attorney for the receivers group of closbanks including the Marion Trust and Savings Bank and the Herrin State Savings Bank was learned here Saturday morning. Attorney Warder lifelong Democrat who has rendered service to his party in various tive party capacities thruout an tive His choice as legal counsel for group of closed banks expected include many couthern Illinois institutions said to be part of the new ministration's plan to group bank receivedship under legal counsellors employed under contract to replace individual attorneys representing separate receivers on fee basis James, receiver for the Marion Trust and Savings bank, who will be one of the receivers represented by Mr. Warder under the new plan has since his appointment receiver been represented the law firm Stone and
