Home National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2016
Charter Number: 2016
Start Date: January 1, 1932*
Location: Elgin, Illinois (42.037, -88.281)

Metadata

Model: gpt-5-mini
Short Digest: ad995d4e

Response Measures

None

Receivership Details

Depositor recovery rate: 99.3%
Date receivership started: 1932-01-20
Date receivership terminated: 1937-10-30
Share of assets assessed as good: 30.3%
Share of assets assessed as doubtful: 52.0%
Share of assets assessed as worthless: 17.7%

Description

Article (Chicago Tribune 1932-10-15) states the Home National voluntarily suspended last January and has been paying depositor dividends (25% then another 25%), indicating a voluntary suspension/liquidation and ongoing distribution to depositors. No run is mentioned.

Events (4)

1. July 20, 1872 Chartered

Source: historical_nic

2. January 1, 1932* Suspension

Cause: Voluntary Liquidation
Cause Details: Bank voluntarily suspended in January and entered a process of paying dividends to general depositor creditors (voluntary liquidation/arrangement).
Newspaper Excerpt: Home National which voluntarily last Jan.
Source: newspapers

3. January 20, 1932 Receivership

Source: historical_nic

4. October 15, 1932 Other

Newspaper Excerpt: Today the second 25 per cent depositor dividend nine months, making total of 50 per cent paid general depositor creditor claims.
Source: newspapers

Newspaper Articles (1)

1. October 15, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, October 15, 1932

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Article Text

50% ON DEPOSITS IN NINE MONTHS Elgin, for quick and of assets has been George W. Rue, for the Home Na tional which voluntarily last Jan. Today the second 25 per cent depositor dividend nine months, making total of 50 per paid general depositor creditor claims. The closed with hand and liabilities Of figure rep resented deposits by banks rediscounts bills payable, and and distributed prior of depositor and general Each cent dividend totaled $181,549.