Lincoln National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 3369
Charter Number: 3369
Start Date: December 3, 1933
Location: Lincoln, Illinois (40.148, -89.365)

Metadata

Model: gpt-5-mini
Short Digest: 367186e0

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-05-10
Date receivership terminated: 1939-03-30
Share of assets assessed as good: 46.1%
Share of assets assessed as doubtful: 47.5%
Share of assets assessed as worthless: 6.4%

Description

Article (Dec 3, 1933) states Lincoln National Bank's Christmas savings accounts are still tied up and that 35% will be released when the new bank opens. There is no mention of a depositor run; the bank appears suspended/closed and being replaced by a new bank (permanent closure/takeover implied). Cause is not specified in the article, so listed as 'other.'

Events (3)

1. July 25, 1885 Chartered

Source: historical_nic

2. December 3, 1933 Suspension

Cause Details: Accounts remained tied up pending opening of a new bank; article does not specify reason for suspension.
Newspaper Excerpt: Christmas savings accounts in the Lincoln National bank are still tied up but 35 percent will be released when the new bank opens.
Source: newspapers

3. May 10, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. December 3, 1933 The Pantagraph Bloomington, IL

Article from The Pantagraph, December 3, 1933

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Article Text

Lincoln Banks Distribute $9,000 Christmas Savings Pantagraph Central Illinois Service. LINCOLN Christmas savings checks totaling $9,000 were distributed Friday by the Lincoln State bank. Christmas savings accounts in the Lincoln National bank are still tied up but 35 percent will be released when the new bank opens. SEEKS DISCONNECTION Pantagraph Central Illinois Service. petition to nect acres from the corporate limits of the village of Broad. well was filed in circuit court Fri day by Noah E. Coaby.