Article Text
SHUBERT RESIGNS AS NEOGA BANK RECEIVER Neoga. Jan. Shubert receiver of the Neoga National Bank insolvent, resigned Thursday, send ing his message resignation the comptroller of the currency Wash ington.
5085. Neoga National Bank (Neoga, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- national
- Bank ID
- 7841
- Charter Number
- 7841
- Start Date
- January 29, 1927
- Location
- Neoga, Illinois (39.319, -88.453)
Metadata
- Model
- gpt-5-mini
- Short Digest
9c1b9095
Response Measures
None
Receivership Details
- Depositor recovery rate
- 60.0%
- Date receivership started
- 1925-01-21
- Date receivership terminated
- 1929-05-31
- OCC cause of failure
- Governance
- Share of assets assessed as good
- 46.1%
- Share of assets assessed as doubtful
- 31.0%
- Share of assets assessed as worthless
- 23.0%
Description
Article reports that a receiver (Shubert) for the Neoga National Bank, described as insolvent, resigned and sent his resignation to the Comptroller of the Currency. No run or depositor agitation is mentioned in the text; the presence of a receiver indicates the bank was closed/insolvent and in receivership. Date taken from the newspaper publication (Jan 29, 1927).
Events (3)
1.
July 24, 1905
Chartered
- Source
- historical_nic
2.
January 21, 1925
Receivership
- Source
- historical_nic
3.
January 29, 1927
Receivership
- Newspaper Excerpt
- Shubert receiver of the Neoga National Bank insolvent, resigned Thursday, sending his resignation to the comptroller of the currency Washington.
- Source
- newspapers
Newspaper Articles (1)
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