First National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 9525
Charter Number: 9525
Start Date: January 1, 1934*
Location: Odin, Illinois (38.617, -89.052)

Metadata

Model: gpt-5-mini
Short Digest: 8688eb74

Response Measures

None

Receivership Details

Depositor recovery rate: 93.5%
Date receivership started: 1933-09-27
Date receivership terminated: 1941-04-15
Share of assets assessed as good: 44.7%
Share of assets assessed as doubtful: 48.2%
Share of assets assessed as worthless: 7.2%

Description

Articles report that a receiver (Glen Kirk) took charge of the First National Bank, Odin, in January 1934; he was later relieved and indicted for embezzlement in June 1934. No article describes a depositor run; the bank had a receiver appointed (government action) and the receiver was later indicted, consistent with a suspension leading to closure/receivership.

Events (5)

1. August 30, 1909 Chartered

Source: historical_nic

2. September 27, 1933 Receivership

Source: historical_nic

3. January 1, 1934* Suspension

Cause: Government Action
Cause Details: A receiver (Glen Kirk) was appointed and took charge of the bank in January 1934, indicating suspension under receiver control.
Newspaper Excerpt: Kirk, former bank examiner of Mount Vernon, took charge of the Odin bank in January.
Source: newspapers

4. June 6, 1934 Receivership

Newspaper Excerpt: Warrant issued for the arrest of Glen Kirk, receiver of the First National Bank, Odin, Ill., ... He was relieved of his duties two weeks ago.
Source: newspapers

5. November 15, 1934 Other

Newspaper Excerpt: Glenn Kirk, Mt. Vernon, Ill., former receiver for the First National Bank of Odin, Ill., was indicted on four counts for embezzling $1338.54 of the bank's funds.
Source: newspapers

Newspaper Articles (4)

1. June 6, 1934 St. Louis Globe-Democrat St. Louis, MO

Article from St. Louis Globe-Democrat, June 6, 1934

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Article Text

WARRANT ISSUED FOR BANK RECEIVER United States Commissioner Arthur R. Felsen yesterday issued warrant for the arrest of Glen Kirk, receiver of the First National Bank, Odin, III., for on the order Assistant United States District Attorney Walter E. Ackermann. Issuance of check of $100 to the First National Bank of Sandoval, III., is the basis for the charge but the total amount said to be about $1700. Kirk, former bank examiner of Mount Vernon, III, took charge of the Odin bank in January. He is in his early 40s and married. According the federal officials, Kirk alleged to have written checks on the bank's funds and signed them himself as receiver. He was relieved of his duties two weeks ago.

2. June 6, 1934 The Belleville News-Democrat Belleville, IL

Article from The Belleville News-Democrat, June 6, 1934

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Article Text

Warrant Is Issued for Bank Receiver United States Commissioner Arthur R. Felsen yesterday issued a warrant for the arrest of Glen Kirk, receiver of the First National Bank, Odin, for embezzlement, on the order of Assistant United States District Attorney Walter E. Ackermann. Issuance of a check of $100 to the First National Bank of Sandoval, is the basis for the charge but the total amount is said to be about $1700. Kirk, a former bank examiner of Mount Vernon, took charge of the Odin bank in January. According to the federal officials, Kirk is alleged to have written checks on the bank's funds and signed them himself as receiver. He was relieved of his duties two weeks ago.

3. June 7, 1934 Nashville Journal Nashville, IL

Article from Nashville Journal, June 7, 1934

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Article Text

W ARRANT ISSUED FOR BANK RECEIVER United States Commissioner Arthur R. Felsen Tuesday issued war rant for the arrest of Glen Kirk, reof the First National Bank. Odin. III., for on the order of Assistant United States District Attorney Walter E. Ackerman. Issuance of check of $100 to the First National Bank of Sandoval, III., is the basis for the charge, but the total amount is said to be about $1700, Kirk, former bank examiner of Mt. Vernon, took charge of the Odin bank in January. He is in his early 40s and married. to the federal officials, Kirk is alleged to have written checks on the bank's funds and signed them himself as received. He was relieved of his duties two weeks ago.

4. November 15, 1934 Belleville Daily Advocate Belleville, IL

Article from Belleville Daily Advocate, November 15, 1934

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Article Text

BLACKIE' ARMES. MORE ACCUSED BY FEDERAL JURY Former Bank Receiver and Seven Alleged Bank Robbers Also Named In Indictments. Forty-eight indictments. one of them naming Monroe (Blackie) Armes, Shelton gangster, were reported by the federal grand jury in East St. Louis yesterday. Seven no true bills were voted The report was made to Federal Judge Wham by the jury foreman Rev. Benjamin Thomas, pastor of the Galum Presbyterian Church, near Pinckneyville, Ill. Arraignments will be Saturday morning. Armes. who is serving a 10-year sentence on federal officer assault charge, was named with Ray Walker, Herrin, Ill., for attacking C. E. Waters. federal officer. in Colp III., saloon. June 5. A St. Louis county grand jury has indicted Armes and John Moran, also an East Side gangster. for the machine gun slaying of John C. Johnson, negro witness in the Dr. J. D. Kelley kidnaping case. Bank Receivers Indicted Glenn Kirk, Mt. Vernon, Ill., former receiver for the First National Bank of Odin, Ill., was indicted on four counts for embezzling $1338.54 of the bank's funds. Seven men were indicted for the $1031 robbery of the Oakland National Bank at Oakland, Ill., July 28. The men. three of them St. Louisans, are: William Baldridge 28. Walter Gilbert. 40. and Jasper Montgomery 29. and Thomas C. Adams, 59. of Charleston, Ill., Foster Max Dailey. 27. of Marshall, III., and Harold Johnson, 28. East St. Louis. The defendants are in jail at John E. Carr, 67-year-old West Frankfort attorney, and Matt Robinson, his client and coal miner of West Frankfort. were indicted for concealing assets in a bankruptcy proceeding United States District Attorney Paul Jones said Carr pleaded guilty several years ago to similar charge and paid fine Mail Box Robbery Willie Lee. a negro, and John Moten. Cairo, Ill., were indicted for robbing a mail box of a letter containing $7.20 check. Elizabeth Beaver 18, and her husband. Lee Beaver. Johnston City, III., were charged in true bills with forging a government check for $25 For crimes connected with counterfeiting the following were indicted: Arthur Bolsey Hobbs. 30, and Russell Burton. 30. Clinton, Ind.: John Everett Scifres. 37. and Millard Hart 44. Paris, III.: Michael Prospero. 27. and Marshall Guidera, 29. Chicago Heights Ill.; John Mayer 20. Milwaukee: Wesley Arnold Smith. 19 Marietta Ohio: Dee Forest Adams 25, Keokuk Ia.: Joseph F Hawkins. 32. Savannah Ga Dyer Act Violations True bills were voted against the following for violation of the Dyer act. which makes it a federal ofrense to transport a stolen automobile from one state to another: Philip P Kelley, 38, alias J. G Reynolds Chicago: Jean Crawford. 35. alias Jennie Crawford: Gordon Mich.: James Tatum, 21, Birmingham, Ala.: Richard McClellan. 21. Excelsior Springs. Mo.: Thomas Benton McCowan, 44, negro: Walter Porter Cairo, III.: Charles Leo Clutter. 21. St. Louis: Gilbert Reed Hardy. 32. Fairfield. III.: Arthur Musgraves. 26: Olin Wheat Charles Breeze. Herschel Blackburn, Guy McChristian. Frank Eskew Thomas Parham. Wickliffe Ky. Virgil Runyon, 19: Florence Sheline, 18: