First National Bank

Bank Information

Episode Type: Run → Suspension → Reopening
Bank Type: national
Bank ID: 13478
Charter Number: 13478
Start Date: March 28, 1930
Location: Pana, Illinois (39.389, -89.080)

Metadata

Model: gpt-5-mini
Short Digest: d5de6e54

Response Measures

Full suspension

Other: OCR of article is poor; reopening described as 'resumption' July; run followed closing of another bank (Schuyler State National). Significant OCR corrections made in notes and snippets.

Description

Article reports a run that began March 28, 1930 which put the bank out of business until it 'marked resumption' and reopened July 1, 1930. The run is said to have followed the closing of the Schuyler (Schuyler) State/National bank, so cause classified as local_banks.

Events (4)

1. March 28, 1930 Run

Cause: Local Banks
Cause Details: Run followed the closing of the Schuyler (local) state/national bank, triggering withdrawals
Newspaper Excerpt: had been out since March 28, when ... run resulted The run fol... the closing of the Schuyl... State
Source: newspapers

2. March 28, 1930 Suspension

Cause: Local Banks
Cause Details: Bank was closed/suspended after the run that followed another local bank's closing
Newspaper Excerpt: had been out since March 28 ... had been without banking in this city since the closing
Source: newspapers

3. June 26, 1930 Chartered

Source: historical_nic

4. July 1, 1930 Reopening

Newspaper Excerpt: New Pana Bank Opens. ... First National Bank yesterday marked resumption ... Pana July First National Bank yesterday marked resumption of financial transactions in this city
Source: newspapers

Newspaper Articles (1)

1. July 11, 1930 The Edwardsville Intelligencer Edwardsville, IL

Article from The Edwardsville Intelligencer, July 11, 1930

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Article Text

Personals Miss Marion Smolek spent visiting Staunton. Hoffman has returned from Frank week's in Tulsa, Oklahoma. Jones of Louis with her daughter, Mrs. George iting Merkel William Wilhold were and of Mr. and Mrs. Joseph recent guests Bouse and family. M: and Mrs Maurice Fahnestock of were recent guests and Mrs. H. Bold and baby will week's visit in Litchfield. Miss Warman of New Gladys the past week bany, Indiana, spent aunt, Mrs. James Waters. Mis Sadie Misses garet Hentz and Kitty Baierlein have the Ozarks. Miss Ruth Appogast of Arizona, who visiting here, spent with relatives Staunton. Mrs William Halley and Miss Ruby Handshy of Richard, Wednesday evening with Louis spent M. Buchta. Mrs. Herman Klaus, Mr. Mr. and Mrs. Calvin Klaus and family of and Highland spent Monday with Mr. and Mrs. Joseph Raeber. Mr. and Mrs. William Foster spent at Litchfield where they John Echoff of New visited with who is at the hospital. Ben Kuitz, Miss Zora Bauer, Mrs. Harold Bott and Chicago, Jack Kruse of spent Wednesday visiting with Mrs. Osborne. Miss Clara Nord, of Licking, Husted Springfield, Mr. Harry and W. Baker of Noble, week with Mrs. visited this Alex James Stallman has returned from the east where spent two with the Stallman months visiting She visited in New York families. and Atlantic City and had City enjoyable trip A. G. Kriege and Mr. and Lou spending the daughter Betty are week at Detroit attending the international baby chick convenThey will also visit Niagara tion. Falls and Ft. Wayne, Indiana, fore returning home. Mrs. D. Mrs. Simpson, Homer left Wood and Mrs. for their home in Springfield today week's visit with Mrs after Mrs. Brown and will visit them to Springfield the week end. with her mother, over New Pana Bank Opens. of the Papa, July First National Bank yesterday new of financial tranmarked resumption which has been sactions in this city Institution for over without banking had been withmonths. Pana March 28, when out bank since the closing of the run resulted The run folNational Bank. Pana of the Schuylowed the closing ler State Sweetheart Killed. piloted his few moments after his home plane over Leonard Sabine, and waved fell to death last 150 feet the plane plunged She saw the tragedy. Executed. Canon Colo., and slayer, met Fleagle, without qualm on the gallows Colorado State Penitentiary here