4838. Bank of Farmington (Farmington, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
private
Start Date
December 24, 1895
Location
Farmington, Illinois (40.699, -90.004)

Metadata

Model
gpt-5-mini
Short Digest
cd9521c8

Response Measures

None

Description

Contemporary newspaper reports (Dec 24, 1895) state the Bank of Farmington failed; no run is mentioned. Cause given as poor collections (bank-specific adverse information). Failure implies permanent closure; no reopening or receivership detail provided in these clippings.

Events (1)
1. December 24, 1895 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure attributed to poor collections (bad loans/receivables) causing insolvency and failure of the private bank in Farmington, IL.
Newspaper Excerpt
The Bank of Farmington, a private institution ... failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000. Poor collections are assigned as the cause of the failure.
Source
newspapers

Newspaper Articles (3)
1. December 25, 1895 The Times Richmond, VA
Article from The Times, December 25, 1895

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Article Text

An Illinois Bank Fails. CANTON, ILL., Dec. 24.-The Bank of Farmington, a private institution, located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000 each. Poor collections are assigned as the cause of the failure.

2. December 25, 1895 The Morning News Savannah, GA
Article from The Morning News, December 25, 1895

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Article Text

A Country Bank Fails. Canton, Ill., Dec. 24.-The Bank of Farmington, a private Institution located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. The assets and liabilities are about $20,000 each. Poor collections are assigned as the cause of the failure.

3. December 25, 1895 Richmond Dispatch Richmond, VA
Article from Richmond Dispatch, December 25, 1895

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Article Text

Private Bank Fails. CANTON, ILL, December 24.-The Bank of Farmington, a private institution, located at Farmington, ten miles north of here, failed yesterday afternoon. Jackson Mason was the owner. Assets and liabilities about $20,000. Poor collections are assigned as the cause of the failure.