Article Text
SHUBERT RESIGNS AS NEOGA BANK RECEIVER Neoga. Jan. Shubert receiver of the Neoga National Bank insolvent, resigned Thursday, send ing his message resignation the comptroller of the currency Wash ington.
4402. Neoga National Bank (Neoga, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 7841
- Charter Number
- 7841
- Start Date
- January 27, 1927
- Location
- Neoga, Illinois (39.319, -88.453)
Metadata
- Model
- gpt-5-mini
- Short Digest
ef77e1b18a971377
Response Measures
None
Receivership Details
- Depositor recovery rate
- 60.0%
- Date receivership started
- 1925-01-21
- Date receivership terminated
- 1929-05-31
- OCC cause of failure
- Governance
- Share of assets assessed as good
- 46.1%
- Share of assets assessed as doubtful
- 31.0%
- Share of assets assessed as worthless
- 23.0%
Description
Article (Jan 29, 1927) reports that Shubert, receiver of the Neoga National Bank (insolvent), resigned and sent his resignation to the Comptroller of the Currency. This indicates the bank was insolvent and in receivership (i.e., closed). No article text mentions a depositor run; only receivership is reported. Date of the reported resignation is inferred from the article date; OCR errors in spacing corrected (e.g., 'send ing').
Events (3)
1.
July 24, 1905
Chartered
- Source
- historical_nic
2.
January 21, 1925
Receivership
- Source
- historical_nic
3.
January 27, 1927
Receivership
- Newspaper Excerpt
- Shubert receiver of the Neoga National Bank insolvent, resigned Thursday, sending his resignation to the comptroller of the currency Washington.
- Source
- newspapers
Newspaper Articles (1)
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