Article Text
Bank in Illinois Closes Its Doors Nokomis State Bank, with deposits of $136,000, has closed. Frozen assets and depreciated valuations were given as causes. The bank had suspended two years ago but had been reorganized.
4417. Nokomis State Bank (Nokomis, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 1, 1930*
- Location
- Nokomis, Illinois (39.301, -89.285)
Metadata
- Model
- gpt-5-mini
- Short Digest
82256156f492084e
Response Measures
None
Description
Articles report the Nokomis State Bank (Nokomis, IL) has closed in Jan 1932 due to frozen assets and depreciated valuations; a receiver was appointed 1932-02-03. A prior suspension occurred about two years earlier (reorganized and reopened), but there is no mention of a depositor run associated with the 1932 closure. Therefore this is classified as a suspension leading to closure with receivership.
Events (3)
1.
January 1, 1930*
Suspension
- Cause Details
- Prior suspension circa 1930 mentioned; reorganized and reopened afterward.
- Newspaper Excerpt
- The bank had suspended two years ago but had been reorganized.
- Source
- newspapers
2.
January 20, 1932
Other
- Newspaper Excerpt
- Nokomis State Bank, with deposits of $136,000, has closed. Frozen assets and depreciated valuations were given as causes. The bank had suspended two years ago but had been reorganized.
- Source
- newspapers
3.
February 3, 1932
Receivership
- Newspaper Excerpt
- Nokomis William Stelhin of G:llespie has been appointed receiver for the Nokomis State bank which closed two weeks ago.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
NAMED BANK RECEIVER Nokomis William Stelhin of G:llespie has been appointed receiver for the Nokomis State bank which closed two weeks ago.