Rail Road Bank - Decatur, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 14, 1861
Location: Decatur, Illinois (39.840, -88.955)

Metadata

Model: gpt-5-mini
Short Digest: dcdf2a8b

Response Measures

None

Description

The single article (Grant County Herald, 1861-03-14) states only that 'Railroad Bank, Decatur suspended.' No run, reopening, or receivership is reported. Because there is no evidence of reopening and no further detail, I classify this as a suspension that appears permanent in the available record (explanation given here). Bank type not specified in the text; National banks did not yet exist (pre-1863), so type is set to unknown.

Events (1)

1. March 14, 1861 Suspension

Cause Details: Article lists the bank among depreciated/suspended Illinois banks but gives no specific trigger or reason for suspension.
Newspaper Excerpt: Railroad Bank, Decatur suspended.
Source: newspapers

Newspaper Articles (1)

1. March 14, 1861 Grant County Herald Lancaster, WI

Article from Grant County Herald, March 14, 1861

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Article Text

Banks. Many of the Illinois Banks considered last week unsafe, are now taken as before. The Arctic Bank is good again. The Eau Claire Bank has its destiny fixed at 84 cts. on the dollar in gold at the Comptroller's office. The following is a list of the depreciated Illinois Banks: American Exchange Bank, Bank of Aurora, Bank of Commonwealth, Bank of Raleigh, Corn Exchange Bank, Commercial Bank, Grayville Bank, National Bank, State Bank of Illinois, Southern Bank of Illinois. All these Banks are 25 per cent. discount. Railroad Bank, Decatur suspended. All others good. WISCONSIN BANKS. Bank of Eau Claire, 25 per cent. discount; Artic Bank, securities filed and restored to favor.