Kincaid Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 1, 1933*
Location: Kincaid, Illinois (39.589, -89.415)

Metadata

Model: gpt-5-mini
Short Digest: 70eec84a

Response Measures

None

Description

Article states the bank has been closed since March (1933) because of the general bank moratorium and that the directors decided the institution will not be reopened. No run is mentioned. Also a stockholders' lawsuit is reported later (Aug 1933).

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed since March due to the general bank moratorium (state/federal banking moratorium) and directors decided not to reopen.
Newspaper Excerpt: The bank has been closed since March and it has been decided by the directors that the institution will not be reopened.
Source: newspapers

2. August 19, 1933 Other

Newspaper Excerpt: Bank In Kincaid Sued ... complaint ... charge that the stockholders of the Kincaid Trust & Savings bank ... The bank has been closed since March ... it has been decided by the directors that the institution will not be reopened.
Source: newspapers

Newspaper Articles (1)

1. August 19, 1933 Herald and Review Decatur, IL

Article from Herald and Review, August 19, 1933

Click image to open full size in new tab

Article Text

Bank In Kincaid Sued filed in assessment will be removed from the assessor's books. cuit court here Thursday against This will change an assessment the stockholders of the Kincaid of $50 an land to Trust & Savings bank. The comacre, town lots from to $800, plainants, Mary Marcoglisse, Mario and other assessed values in like Bardueci, Elizabeth Scremin, and ratio. Carlo Riassetto, charge that the bank them $125.82 $30, $83.84, TO BUSINESS and $78. respectively. Calloway, who The bank has been closed since for the last 20 years, has been the general bank moratorium gaged in the dry goods business March and it has been decided by Taylorville announced Friday that the directors that the institution will retire from business. He not be reopened. continue his residence here.