Article Text
Bank in Illinois Closes Its Doors Nokomis State Bank, with deposits of $136,000, has closed. Frozen assets and depreciated valuations were given as causes. The bank had suspended two years ago but had been reorganized.
5098. Nokomis State Bank (Nokomis, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- state
- Start Date
- January 1, 1930*
- Location
- Nokomis, Illinois (39.301, -89.285)
Metadata
- Model
- gpt-5-mini
- Short Digest
59b2d244
Response Measures
None
Description
The bank had suspended about two years before 1932 and was reorganized; in Jan 1932 it closed and a receiver was appointed in early Feb 1932. No run is mentioned. Closure attributed to frozen assets and depreciated valuations.
Events (3)
1.
January 1, 1930*
Suspension
- Cause Details
- Article only states the bank suspended two years ago without giving a cause.
- Newspaper Excerpt
- The bank had suspended two years ago but had been reorganized.
- Source
- newspapers
2.
January 20, 1932
Other
- Newspaper Excerpt
- Nokomis State Bank, with deposits of $136,000, has closed. Frozen assets and depreciated valuations were given as causes. The bank had suspended two years ago but had been reorganized.
- Source
- newspapers
3.
February 3, 1932
Receivership
- Newspaper Excerpt
- NAMED BANK RECEIVER Nokomis William Stelhin of Gillespie has been appointed receiver for the Nokomis State bank which closed two weeks ago.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
NAMED BANK RECEIVER Nokomis William Stelhin of G:llespie has been appointed receiver for the Nokomis State bank which closed two weeks ago.