First National Bank - Morrisonville, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 6745
Charter Number: 6745
Start Date: July 2, 1931
Location: Morrisonville, Illinois (39.420, -89.456)

Metadata

Model: gpt-5-mini
Short Digest: df2a921e

Response Measures

None

Receivership Details

Depositor recovery rate: 50.7%
Date receivership started: 1931-06-29
Date receivership terminated: 1937-07-13
OCC cause of failure: Economic conditions
Share of assets assessed as good: 32.0%
Share of assets assessed as doubtful: 63.7%
Share of assets assessed as worthless: 4.3%

Description

Article (Alton Evening Telegraph, 1931-07-02) reports a receiver (Guipe) appointed for the First National Bank of Morrisonville and that the bank closed its doors; no mention of a depositor run. OCR errors in article text cleaned (e.g., fragmented sentences).

Events (4)

1. April 27, 1903 Chartered

Source: historical_nic

2. June 29, 1931 Receivership

Source: historical_nic

3. July 2, 1931 Receivership

Newspaper Excerpt: Guipe appointed receiver of the First National Bank of Morrisonville the bank closed its doors ago . Martin appointed receiver of the First National Bank of Morrisonville . Guipe appointed receiver of the First National Bank of Morrisonville . Martin appointed receiver ... (OCR fragmented).
Source: newspapers

4. July 2, 1931 Suspension

Cause: Government Action
Cause Details: A receiver was appointed and the bank had closed its doors; closure by regulatory/receivership action is indicated.
Newspaper Excerpt: appointed receiver of the First National Bank ... the bank closed its doors
Source: newspapers

Newspaper Articles (1)

1. July 2, 1931 Alton Evening Telegraph Alton, IL

Article from Alton Evening Telegraph, July 2, 1931

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Article Text

Tale of Auto Mishap Admits He Is Wrong, Out of Condition The revised list of delegates INVERNESS CLUB, TOLEDO. from follows: July Compston, British was disqualiPeter fied from participation in lahan, Broderick, John United States Open champion- McGinnis, James ship today he appeared Lampert, Joseph Wilhour late for the start of his first round. Telephoned reports said he had Leo Fitzgerald, been in automobile accident on Mahoney, the Inverness Ray proved Walter founded. Chapman, Thomas Butler, August Compston at first told newspa- Miller, permen had been mishap while driving out Columbus, an Heat Fills Police Court planation for his failure arrive time. Later he denied this, With Domestic Tussles mitted Magistrate Walter Day has he not number cases since the heated pete, was ruled out of the term opened in which husbands tournament. charged by wives with peace The big British who disturbance. the leading Today, had case of the been paired with posite variety. husband MacDonald charged Smith. wife The complainant was Fred Name Morrisonville Bank Receiver Guipe the defendant July Nominia Guipe. Martin appointed After hearing Magisceiver of the First National Bank trate by the But Guipe no of the The finally her release bank closed its doors ago. her promise to pay when able. Martin also receiver the Pana National and the First Taylorville, banks. Ploneer Rural Mail Carrier Dies. Shell Gas Price Rise. rise the price effecin Alton Wood Wednesday.