First State Bank - Ohio, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 27, 1932
Location: Ohio, Illinois (41.558, -89.461)

Metadata

Model: gpt-5-mini
Short Digest: c2f802e9

Response Measures

None

Description

Article (Waukegan News-Sun, 1932-01-27) reports the state auditor announced the First State Bank of Ohio, Illinois, closed its doors pending auditing accounts. This is a suspension announced by the auditor (government action) and presented as a closing; no run is described in the text.

Events (1)

1. January 27, 1932 Suspension

Cause: Government Action
Cause Details: State auditor announced the bank closed its doors pending auditing accounts; closure ordered/announced by auditor.
Newspaper Excerpt: The First State Bank of Ohio Ill. with deposits totalling $240,000 also closed the auditor announced Anderson president and Ruff cashier. The bank is in Bureau county.
Source: newspapers

Newspaper Articles (1)

1. January 27, 1932 Waukegan News-Sun Waukegan, IL

Article from Waukegan News-Sun, January 27, 1932

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Article Text

CURB FOLLOWS STOCK SLUMP Scattered Over Night Selling Develops Slump At The Opening Today. By JOHN COOLEY Associated Press Financial Writer NEW YORK, Jan. (P)-Curb prices underwent mild contraction today, following the lead of the big board. Recessions the junior market, however, were comparatively narrow and there was little or no pickup the volume. Opening quotations reflected scattered overnight selling prompted by the poor earnings report of the United States Steel corporation an apparent belief in speculative quarters that the might be ready for reaction. offerings failed to and trading droned at the snail's pace. Here and stock down as much but generally the fractional Electric Bond Share sold in the vicinity was fairly active although resistance appeared around last week's low for this leading issue. Transactions industrials were made mostly at small declines. BANK CLOSINGS state auditor's office today announced the Farmers State Bank of Colfax, McLean county, closed its doors pending auditing accounts. The bank had deposits of $237,000 the Harris president and C. Harris, cashClosing of the Farmers State Bank Macon with deposits also was announced. Highly and Young cashier the concern which in Macon county. The First State Bank of Ohio Ill. with deposits totalling $240,000 also closed the auditor announced Anderson president and Ruff cashier. The bank is in Bureau county. CASH GRAIN hard 56; yellow hard CORN-1 mixed mixed 38 mixed mixed yellow 39-39% yellow 38; yellow 35-37: yellow yellow yellow 35-3516; white sample grade OATS-2 white white BARLEY SEEDS CHICAGO Jan. market. Red Clover fair to good 1050-1300; choice 1350 sweet clover Alsike 1000-1350. Timothy good 350; choice 375; fancy 400. FOREIGN EXCHANGES NEW YORK, Jan. exchange irregular. Demands (Great Britain in dollars. others in Britain 3.46; France Italy 5.02; 13.95; Germany Holland 40.25; Norway 18.84; Sweden 19.39; Denmark 19.09; Switzerland Spain 8.35; Tokyo APPLES ples $1.25@1.60 per bushel. FLOUR Flour unchanged. Shipments 27,626 Pure bran 13@14. Standard middlings $11@12.