Citizens State Bank - Oakland, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 7, 1931
Location: Oakland, Illinois (39.657, -88.025)

Metadata

Model: gpt-5-mini
Short Digest: bcb64a5e

Response Measures

None

Description

Article (Jan 7, 1931) reports the Citizens State Bank of Oakland was closed for examination and adjustment after heavy withdrawals over the prior ten days. The piece explicitly says there was not definite run on the bank, so a clear run is not confirmed. The article does not report a reopening or receivership; classified as suspension (no confirmed run) and treated as closure in this dataset due to lack of later reopening information.

Events (1)

1. January 7, 1931 Suspension

Cause Details: Bank closed for examination and adjustment after heavy withdrawals over the prior ten days; article states not a definite run.
Newspaper Excerpt: closed for examination and adjustment. ... Heavy withdrawals the last ten days and not definite run on the bank caused the closing, said.
Source: newspapers

Newspaper Articles (1)

1. January 7, 1931 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, January 7, 1931

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Article Text

Special Jan. closed for examination and adjustment." the front door the Citizens' State Bank of Oakland. Andrews president the bank and Widdows, cashier. Community High School and the Oakland School and grade school districts, secretary of the Oakland Savings and Loan Association and secrethe Oakland Shipping Association. Funds these organizations are accordingly tied up. Heavy withdrawals the last ten days and not definite run on the bank caused the closing, said. CARS WASHED ASSISTANT BANK CASHIER. Windsor, Jan. Prather Toledo has been made assistant cashier of Citizens State Bank Windsor, succeeding Charles Hoots, who has been appointed postmaster.