First National Bank - Greenfield, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8473
Charter Number: 8473
Start Date: February 11, 1933
Location: Greenfield, Illinois (39.344, -90.213)

Metadata

Model: gpt-5-mini
Short Digest: f84c1fa6

Response Measures

None

Receivership Details

Depositor recovery rate: 65.2%
Date receivership started: 1933-01-10
Date receivership terminated: 1936-12-23
Share of assets assessed as good: 20.4%
Share of assets assessed as doubtful: 68.5%
Share of assets assessed as worthless: 11.1%

Description

Article (Alton Evening Telegraph, 1933-02-11) describes a receiver for the First National Bank of Greenfield and a payment plan for depositors, indicating the bank was in receivership (closed) rather than merely facing a run. No run or reopening is mentioned.

Events (4)

1. December 20, 1906 Chartered

Source: historical_nic

2. January 10, 1933 Receivership

Source: historical_nic

3. February 11, 1933 Receivership

Newspaper Excerpt: would be the of the receiver on or before March 9 ... extension will be granted ... pay 25 percent on or before the date ... written obligation to pay 25 percent additional on or before each of the following dates: April 9. May 9 and June 1933.
Source: newspapers

4. February 11, 1933 Suspension

Cause: Government Action
Cause Details: Bank placed in receivership and a receiver is administering payments to depositors.
Newspaper Excerpt: Greenfield Bank Receiver Gives Payment Plan GREENFIELD, Feb. 11 (Special) ... received by of the First National Bank ... would be the of the receiver on or before March 9.
Source: newspapers

Newspaper Articles (1)

1. February 11, 1933 Alton Evening Telegraph Alton, IL

Article from Alton Evening Telegraph, February 11, 1933

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Article Text

Greenfield Bank Receiver Gives Payment Plan GREENFIELD, Feb. 11 (Special) recelved by of the First National Bank the past few days informed them that the would be the of the receiver on or before March 9. but an extension will be granted without interest to who pay 25 percent on or before the date, and will give written obligation to pay 25 percent additional on or before each of the following dates: April 9. May 9 and June 1933. Deferred payments will bear the legal rate interest after March Modern Woodmen Elect Camp, Modern Woodmen, of America, has elected the following officers: Verne Stringer, consul; W. R. Perkins, adviser; H.