Fulton Bank - Fulton, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 14, 1861
Location: Fulton, Illinois (41.867, -90.160)

Metadata

Model: gpt-5-mini
Short Digest: 87b33690

Response Measures

None

Description

Newspaper list (Cincinnati Daily Press, 1861-11-14) states injunction allowed and receivers appointed for Bank of Aledo for failing to comply with Auditor of State calls and insufficient securities to pay its circulation. No run is mentioned; this is a government-ordered suspension leading to receivership/closure.

Events (2)

1. November 14, 1861 Receivership

Newspaper Excerpt: the list of the Illinois banks against which injunction has been allowed and receivers appointed... Bank of Aledo ... receivers appointed.
Source: newspapers

2. November 14, 1861 Suspension

Cause: Government Action
Cause Details: Injunction allowed and action by Auditor/Treasurer due to failure to comply with Auditor of State calls and insufficient securities to cover circulation.
Newspaper Excerpt: the list of the Illinois banks against which injunction has been allowed and receivers appointed. These banks have failed to comply with the calls of the Auditor of State, and their securities being insufficient to pay their circulation, the Treasurer of State has been ordered to deliver to the Auditor the bonds of these banks: ... Bank of Aledo ...
Source: newspapers

Newspaper Articles (1)

1. November 14, 1861 Cincinnati Daily Press Cincinnati, OH

Article from Cincinnati Daily Press, November 14, 1861

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Article Text

BANKS THROWN Out.-The following is the list of the Illinois banks against which injunction has been allowed and receivers appointed. These banks have failed to comply with the calls of the Auditor of State, and their securities being insufficient to pay their circulation, the Treasurer of State has been ordered to deliver to the Auditor the bonds of these banks: Bank of the Federal Union, Bank of Aledo, A gricultural Bank, Bank of Genessee, Bank of Metropolis, Mississippi River Bank, Bank of the Republic, Bank of Southern Illinois, Bull's Head Bank, Narragansett Bank, Prairie State Bank, Toulon Bank, Warren County Bank, State Stock Bank, American Bank, Fulton Bank, Western Bank of Illinois, Bank of Commerce, Olympie Bank, Illinois Central Bank, Illinois State Security Bank, Kankakee Bank, Columbian Bank, Boad County Bank, Lake Michigan Bank, Bank of Bicoklyn. alls