Olney National Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 2629
Charter Number: 2629
Start Date: March 8, 1934
Location: Olney, Illinois (38.731, -88.085)

Metadata

Model: gpt-5-mini
Short Digest: dae19800

Response Measures

None

Description

Article reports removal of Frank Stapleton as receiver for the Olney National Bank (March 8, 1934). Text is fragmentary (OCR errors) but indicates the bank was in receivership, implying it had closed and been placed in receivership. No article text indicates a depositor run prior to suspension in the provided excerpt.

Events (3)

1. February 14, 1882 Chartered

Source: historical_nic

2. March 11, 1887 Voluntary Liquidation

Source: historical_nic

3. March 8, 1934 Receivership

Newspaper Excerpt: removal of Frank Stapleton as receiver for the Olney National bank
Source: newspapers

Newspaper Articles (1)

1. March 8, 1934 Lansing State Journal Lansing, MI

Article from Lansing State Journal, March 8, 1934

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Article Text

OUSTED BANK RECEIVER SCORED BY LAWMAKER WASHINGTON March 8 removal of Frank Stapleton as receiver for the Olney National bank of nesday by Foulkes (D) of Michigan to "Stapleton talking too Foulkes said that even though Stapleton solicited the appointment, he made public soon after the appointment made that receiver "never should have been ap-