Article Text
NOKOMIS IS IN CHARGE Feb. Nokomis, Nokomis National Bank was hands the national ner today after it had under bank moratorium January 24. John assistant bank examiner, was placed of the bank at charge
4415. Nokomis National Bank (Nokomis, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 1934
- Charter Number
- 1934
- Start Date
- January 21, 1933
- Location
- Nokomis, Illinois (39.301, -89.285)
Metadata
- Model
- gpt-5-mini
- Short Digest
5cefb57cd2333acb
Response Measures
None
Receivership Details
- Depositor recovery rate
- 85.7%
- Date receivership started
- 1933-02-09
- Date receivership terminated
- 1939-04-28
- Share of assets assessed as good
- 9.4%
- Share of assets assessed as doubtful
- 89.5%
- Share of assets assessed as worthless
- 1.1%
Description
Articles state Nokomis National Bank closed Jan. 21, 1933, was under a bank moratorium around Jan. 24, and a receiver (Ray M. Cook) was placed in charge by mid-February 1933. No article describes a depositor run prior to suspension; closure proceeded to receivership.
Events (5)
1.
February 9, 1872
Chartered
- Source
- historical_nic
2.
January 21, 1933
Suspension
- Cause
- Government Action
- Cause Details
- Bank closed on Jan. 21 and placed under a bank moratorium (banking holiday/moratorium around Jan. 24); bank examiners/authorities intervened.
- Newspaper Excerpt
- receiver ... has been placed in charge of the Nokomis National bank, which closed Jan. 21.
- Source
- newspapers
3.
January 24, 1933
Other
- Newspaper Excerpt
- bank moratorium January 24. John assistant bank examiner, was placed of the bank at charge NOKOMIS IS IN CHARGE Feb. Nokomis, Nokomis National Bank was hands the national ner today after it had under bank moratorium January 24.
- Source
- newspapers
4.
February 9, 1933
Receivership
- Source
- historical_nic
5.
February 18, 1933
Receivership
- Newspaper Excerpt
- NAMED BANK RECEIVER. Nokomis Ray M. Cook, of Christopher, receiver ... has been placed in charge of the Nokomis National bank, which closed Jan. 21.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
MOWEAQUA LOSES TO COWDEN FIVE NAMED BANK RECEIVER. Nokomis Ray M. Cook, of Christopher, receiver of two closed banks at Mt. Olive and one at Gillespie, has been placed in charge of the Nokomis National bank, which closed Jan. 21. The receiver announces that the business of liquidating the bank's affairs will proceed, pending the outcome of attempts now being made to reorganize and reopen the bank. PLEASURE Tit-Bits-An American was walking through "Devil's Glen. private estate in England, when he happened to meet a choleric old man who shouted: "What do you mean, sir, by trespassing on my property? "Great Scott!" replied the American. knew this was the Devil's Glen. but didn't expect to meet the proprietor!" VACATION FOR HIM. Pathfinder- must be having a pretty tiresome summer by not going on vacation?" "On the contrary; my wife and mother-in-law are at the seashore." continued its rampant basket shooting here Friday night to beat Moweaqua for the second time this season by 38 to 19 margin. The winners piled up a 25 to halftime lead. Moweaqua (19) Cowden (38) Anderson.f Thomason.f Powers.f Weaver.g Totals Totals 17 Moweaqua