4919. First National Bank (Jerseyville, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
2328
Charter Number
2328
Start Date
January 6, 1927
Location
Jerseyville, Illinois (39.120, -90.328)

Metadata

Model
gpt-5-mini
Short Digest
fc654dc5

Response Measures

None

Description

Article (Jan 6, 1927) reports First National closed pending a federal examination after Cashier Frank D. Heller committed suicide. By April 15, 1927 a receiver was in place and resigned, indicating the bank remained closed and in receivership. No article describes a depositor run prior to suspension; depositors later criticized the receiver, but that does not indicate an initial run.

Events (4)

1. March 30, 1876 Chartered
Source
historical_nic
2. April 28, 1894 Voluntary Liquidation
Source
historical_nic
3. January 6, 1927 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed when federal examiner arrived after the cashier Frank D. Heller committed suicide; closure pending examination of books and accounts.
Newspaper Excerpt
JERSEYVILLE BANK REMAIN CLOSED DURING CHECK UP ... Pending the outcome of the examination of the bank's books by federal bank examiners ... closed the bank
Source
newspapers
4. April 15, 1927 Receivership
Newspaper Excerpt
BANK RECEIVER, CRITICISED BY DEPOSITORS, RESIGNS ... H. A. Bancroft Succeeded In First National at Jerseyv[ille], Ill., ... receiver resigned yesterday ... petition to United States of Currency circulated.
Source
newspapers

Newspaper Articles (2)

Article from The St. Louis Star and Times, January 6, 1927

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Article Text

JERSEYVILLE BANK REMAIN CLOSED DURING CHECK UP Action Taken After Ends Frank His D. Cashier, Heller, Own Life. ILL., Jan. First National closed when of committed suicide yescashier remain closed noon, of the an accounts by national bank the and years an employe killed himself after bank, the arrival yesterday of Vance national examiner, with headquarters Sailor started work Louis. his regular inspection of the accounts yesterday mornchatting casually with the as he went through the Heller, who had been noon and despondent for several to his substantial home part of went to bathroom and shot through the left temple. was left no note Members of family. who heard the shot, the tall, slim, sprawled on the bathroom The pistol was still in his hand. The natty suit he wore unwrinkled, and the lines of that creased his face had disappeared hours after the suicide of the board of directors, fearclosed the bank About had been before The institution capitalized for Heller was second largest stockthe bank. He was presithe Ice Comprominent in farm activities generally as one of financial and moral pillars of was 52 years old. and had for years He in Jerseyville, and his first position with the bank, was as 35 years ago. Heller survived by his widow two daughters. The elder, Helen Heller member of senior class at Washington University. Pending the outcome of the examination of the bank's books by federal bank examiners, Cochran president of the institution. has said that no statement either as to condition of the bank. the condition of Heller's personal accounts, would be made public.


Article from St. Louis Post-Dispatch, April 15, 1927

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Article Text

BANK RECEIVER, CRITICISED BY DEPOSITORS, RESIGNS H. A. Bancroft Succeeded In First National at Jerseyv III., by W. R. Dillert. Horace of the First National Bank of since when Cashier Frank D Heller killed resigned yesterday giving as his reason the pressure of other R. of was appointed his suc Prior to Baneroft's resignation of depositors to express tion the slowness affairs being A petition to United States of Currency circulated. Football Played 923 Years Ago. LONDON April was played in Japan more than 200 years age Arthur Waley of the British Museum has discovered "There is a mention of football by her novel of 923 years he said. "They undoubtedly kicked ball but should say the game was materially different from