Farmers State Bank - Mendon, IL

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: state
Start Date: May 1, 1930*
Location: Mendon, Illinois (40.088, -91.284)

Metadata

Model: gpt-5-mini
Short Digest: c050f969

Response Measures

Full suspension

Description

Article (Chicago Tribune, May 18, 1930) reports a run the prior week triggered by the closing of the Farmers State Bank at Mendon, and that the Peoples State Bank of Loraine failed to open on May 17, 1930. No reopening is mentioned; classified as run -> suspension -> closure. No receivership explicitly stated in the clipped text.

Events (2)

1. May 1, 1930* Run

Cause: Local Banks
Cause Details: Run was triggered by the closing of the Farmers State Bank at Mendon (six miles away).
Newspaper Excerpt: A run on the bank last week... caused the deposits of the Loraine bank to be reduced.
Source: newspapers

2. May 17, 1930 Suspension

Cause: Local Banks
Cause Details: Following the run caused by the nearby Farmers State Bank closing, the Loraine bank failed to open on May 17, 1930.
Newspaper Excerpt: The Peoples State bank of Loraine, III., failed to open this morning.
Source: newspapers

Newspaper Articles (1)

1. May 18, 1930 Chicago Tribune Chicago, IL

Article from Chicago Tribune, May 18, 1930

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Article Text

RATHER DEATH BY HER OWN HAND TO LIFE'S REVERSES Despondent over the failure of dress shop project, Miss Dorothy Ellen Brown, 32 year old daughter of A. G. Brown, architect for the Pure Oil company, shot herself in the head with her father's revolver yes. morning in the family home, 460 Oakdale Glencoe. She was was dead when found. Her despondency however, dated as far back as her war marriage with young soldier- union annulled five days after its inception, her parents told the police. The identity of her husband was never made public. She had attempted to achieve financial independence by starting the dress shop, her father said, but had been unable to collect from her debtors and had several creditors. The family would have been willing to aid her but she wished no such assistance, it was said. Mrs. Brown and a younger sister, Eloise, 18 years old, had no hesistancy in leaving Miss Brown yesterday morning while they shopped. She was seemingly cheerful after visit from friends Friday. Upon their return they found the door locked and once inside the house, discovered the young woman dead on her bedroom floor. Chief of Police Jake Rudolph of Glencoe was called from his home next door by the hysterical mother and younger sister 2 More Illinois Banks Forced to Close Doors fourth Henry county bank to fail in three years was closed today when State Auditor Oscar Nelson took charge of the Farmers State bank at Orion. Frozen assets was given as cause for the crash. Consolidated Bank Closes. Quincy, III., May 17.-[Special.]The Peoples State bank of Loraine, III., failed to open this morning. It was organized six years ago by a consolidation of two banks. A run on the bank last week, caused by the Farmers State bank closing at Mendon, six miles away caused the deposits of the Loraine bank to be reduced.