National Bank - Mattoon, IL

Bank Information

Episode Type: Run → Suspension → Unsure
Bank Type: national
Bank ID: 10045
Charter Number: 10045
Start Date: January 23, 1932
Location: Mattoon, Illinois (39.483, -88.373)

Metadata

Model: gpt-5-mini
Short Digest: 728cc157

Response Measures

None

Description

Newspaper articles (Jan 23, 1932) describe heavy withdrawals and officers of a 'closed bank' urging confidence; local business leaders formed a committee to express confidence and visit the National Bank of Mattoon. There is evidence of depositor agitation (a run) and that the bank was closed/suspended as of the articles. No clear information about reopening or receivership is given, so outcome is unclear.

Events (3)

1. June 29, 1911 Chartered

Source: historical_nic

2. January 23, 1932 Run

Cause: Local Banks
Cause Details: Withdrawals and loss of confidence appear linked to recent troubles/closures of nearby banks (mentions Busey State Bank and First National of Urbana) prompting local depositor nervousness.
Measures: Local Association of Commerce appointed a seven-member committee to visit Central Illinois Trust & Savings Bank and the National Bank of Mattoon to express confidence; public appeals by bank officers and civic leaders urging depositors not to withdraw funds.
Newspaper Excerpt: we must all best bank. uniting our efforts to bring conditions back to normal, and in the best way my by not withdrawing your funds from the bank
Source: newspapers

3. January 23, 1932 Suspension

Cause: Local Banks
Cause Details: Bank is described as 'closed' in the article amid local banking incidents and community nervousness; suspension appears related to the local bank panic context noted above.
Newspaper Excerpt: The officers of the closed bank expressed the opinion that that bank that means that pay depositors.
Source: newspapers

Newspaper Articles (2)

1. January 23, 1932 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, January 23, 1932

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Article Text

Mayor Gazette want suggest the the have wonderful work for regretted, course, the and Savings found necessary, as they believed, close that bank investigation and be hoped that will But nothgained becoming hysterical and doing things would not ordinarily. The officers of the closed bank expressed the opinion that that bank that means that pay depositors. far am personally cerned, absolute confidence the ability of the National Bank of Matteon hanthe situation this city the satisfaction patrons the We must all best bank. uniting our efforts to bring conditions back to normal, and in the best way my by not withdrawing your funds from the bank, for

2. January 23, 1932 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

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Article Text

members the Association of Commerce cial today noon the Hotel Grant made definite plans promote feeling of confidence throughout community. mittee seven was appointed call the Central Illinois Trust and Savings Bank and express fidence its solvency and to visit the National Bank Mattoon and any way The committee appointed composed of Mayor Bills, Frank Milligan, Anthony Gorman, Sam Miller. Ben man and Louis Meyer. Preceding the appointing of the committee the tened made by Webber, president of the Urbana Commerce, and Gus Radebaugh, one of the Urbana association committee heads, explaining procedure of Urbana this week the Busey State Bank and preventing the closing the First National of Urbana. Ben Overman, in the absence of Fred president of the local AsGrant, sociation of Commerce, presided the meeting.