Farmers State Bank - Glasford, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 24, 1932
Location: Glasford, Illinois (40.573, -89.813)

Metadata

Model: gpt-5-mini
Short Digest: a5e28623

Response Measures

None

Description

Chicago Tribune article (Jan 24, 1932) lists the Farmers' State Bank at Glasford among banks that 'close[d] today' during a wave of January suspensions/closings. The short excerpt gives no cause or mention of a depositor run; therefore classified as a suspension that resulted in closure. OCR errors in the excerpt were corrected (e.g., 'suspenalons' -> 'suspensions').

Events (1)

1. January 24, 1932 Suspension

Cause Details: Article lists the bank among January closings; no specific cause (insolvency, run, or government action) is provided in the excerpt.
Newspaper Excerpt: Two Illinois Banks Close. -The Farmers' State bank at Glasford ... were today.
Source: newspapers

Newspaper Articles (1)

1. January 24, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, January 24, 1932

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Article Text

Lists 240 Banks Closed in U.S. in Last 3 Weeks New York Jan. The Amer Ican Banker lists 240 bank suspenalons in the first three weeks of January In the last week Iowa re12 closings, Illinois, 11; Utah, and Missouri, New York and Call tied up by the January suspensions Two Illinois Banks Close. -The Farmers' State bank at Glasford and the Central Illinois Trust and bank at Mattoon were today. One in West Virginia. W. Va. [SpeJan. Bank of Rupert, at Ru pert, was closed today One In Indiana. Galveston Ind., Citizens' State Bank of was today The bank had been weakened with recently by It was capitalized at