5207. Ricker National Bank (Quincy, IL)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2519
Charter Number
2519
Start Date
November 15, 1930
Location
Quincy, Illinois (39.936, -91.410)

Metadata

Model
gpt-5-mini
Short Digest
c316a89e

Response Measures

Full suspension, Books examined

Other: Examiners (bank examiners) took charge of the banks; closure appears permanent with receivership implied by 'failed to open' and 'in the hands of examiners'.

Description

Newspaper accounts (Nov 15-16, 1930) report heavy withdrawals and a run in Quincy that began when the Ricker National Bank 'closed'/'failed to open'. Examiners took charge of Quincy banks and several banks closed; no reopening is mentioned. I therefore classify this as a run that led to suspension/closure with examiners in charge.

Events (4)

1. April 19, 1881 Chartered
Source
historical_nic
2. June 12, 1923 Voluntary Liquidation
Source
historical_nic
3. November 15, 1930 Run
Cause
Bank Specific Adverse Info
Cause Details
Heavy withdrawals/runs began after the Ricker National Bank closed; accounts attribute crisis to shrinkage in farm land values and the Ricker's failure triggered runs.
Measures
None reported for Ricker National in these excerpts.
Newspaper Excerpt
the succession started week when the institution. only national bank in the closed. The State Savings, Loan Trust reported ... The Ricker National bank which closed today.
Source
newspapers
4. November 15, 1930 Suspension
Cause
Government Action
Cause Details
Bank examiners took charge and the bank 'failed to open' on Nov. 15, 1930.
Newspaper Excerpt
SIX MILLION DOLLAR BANK FAILS TO OPEN ... The Ricker National bank which closed today.
Source
newspapers

Newspaper Articles (4)

Article from The Times, November 15, 1930

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Article Text

SIX MILLION DOLLAR BANK FAILS TO OPEN NEWS SERVICE] QUINCY, III., Nov. 15-The Quincy State Savings, Loan and Trust bank and three branches, with deposits approximately $6,000,000 failed open for business here this morning. branches Broadway State Savings, the South Side State Savings the Payson, State Savings banks. Payson about 20 of here. estimated that about half of Quincy's deposits these banks the Ricker National bank which closed today. The State Savings, Loan Trust reported have $7,000,000 out farm loans.


Article from Jacksonville Journal Courier, November 16, 1930

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Article Text

THREE BANKS IN QUINCY FORCED TO CLOSE DOORS BANK EXAMINERS TAKE CHARGE OF Two Affiliated Banks Outside of City are Affected Ill., Nov. Quincy banks in the hands examiners tonight and two filated in towns Illinois Missouri were closed. The banking after weathering heavy run remained open for the usual Saturday evening they would business usual week The was highly state, by long waiting withdraw funds. of leading signed statement in the Herald Whig and Journal that the banks would continue the Depositors were urged to make their customary deposits and hysteria. Blame Land Shrinkage president of the State Savings and Trust blamed the situation the shrinkage farm land values. closing his bank, oldest this part the brought the to crisis and followed by the closing branch bank here and one Payson, miles away and of Novemstate bank in Green City, correspondent QuincyRicker National closed doors succession started week when the institution. only national bank in the closed. The State Savings Loan and Trust company had deposits when statement The South State bank and the Payson State Savings bank branches, closed during the run started the Broadbranch, but weathered slaught noon there normal. Throughout the (Continued on Page Ten)


Article from The Sedalia Democrat, November 16, 1930

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Article Text

BANKS IN QUINCY EXAMINERS' HANDS The Associated QUINCY, Nov. hands Quincy banks affiliated institutions small towns closed Illinois and banking instituthe tions of this after of withdrawals through heavy run remained usual the open said they would Saturday night business next week. highly The community evidenced by long nervous state, of customers waiting at lines withdraw funds. windows to of leading citizens, group remaining banks assurance the continue serve the public. urged to make Depositors were deposits and their customary withdrawals without hysteria. Gardner, president of the and Trust ComSavings Loan the on the blamed of farm land values. shrinkage closing his bank, overnight the state, this part situation crisis brought the followed by the closing bank here and one branch III., 15 miles Payson, bank in Green November 13 state of the Ricker National Quincy closed. The succession started week shutdowns Quincy Ricker National the National bank in the only failed. Savings Loan State had $6,216,000 Company when statement $1,000,000 capital. The and Bank and Side State Savings Savings Bank Payton State the branches, closed during Payton, morning.


Article from Sedalia Weekly Democrat, November 21, 1930

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Article Text

THE Missouri To Lose Three On Basis of House apportionment REPORT WILL CONGRESS MADE Total Membership In The House of Not Be Changed By The Associated Press. The long-awaited conclusions of the census bureau on how tion in the house should be re-appor the tioned among the states, announced Tuesday by President Hoover, showgains of nine seats for California four for Michigan and three for Texas. The report will be transmitted to in the imminent short congress session. It based on total 122,092,455. The topopulation house membership of 435 will changed. Missouri stands to lose three Georgia, Iowa, Kentucky and Pennsylvania each two. New Jersey, New York and Ohio each gain two; while Connecticut. Florida, North Carolina, Oklahoma and Washington add one ative apiece. The following states lose one seat each: Alabama, Indiana, Kansas. Minnesota, Maine, Nebraska, North Da Mississippi, kota, Rhode Island. South Carolina South Dakota, Tennessee, Vermont, Virginia and Wisconsin. tle seats total affected the changes. The bureau in determining census whether state would gain, lose keep its present membership in the house used methods of statisti cal determination. The result the same case. population used for the The total excluded the counts made figuring last April in the District of Columbia, Alaska, Hawaii, Guam, Samoa, Panama Canal Zone, Porto Rico and comprised almost entirely of statisstate's population of tics giving each basis of apportionment and the house representation to which tal entitled. Should congress fail to act upon the reapportionment March next, law provides that house be reapportioned accord to the tabulation submitted census bureau's and remain in effect until some future congress does act. the present congress enact legislation today's figures be placed fore the state legislatures. In event the legislatures do not reapportion the alloted numbers will the seats, elected to the house not from districts, but from the states large. Chairman Fenn of the house committee today the census figures complied with the census law and that he felt further legislation would be needed. Gains and Losses WASHINGTON, The following table shows how the House Representatives membership of 435 apportioned among states present, how the centhe figures will in the bureau elected the house to states' gains and losses respective of Present Next good Gain Vanarsdale was State Mr. and brought Alabama similar trip last year buck at that California BANKS QUINCY Colorado Delaware Florida Associated Georgia Three Illinois QUINCY, Idaho the hands banks in Quincy Illinois examiners Saturday, Bank Indiana in small affiliated Iowa closed and Missouri Illinois Kansas banking instituthe remaining Kentucky after weathering Louisiana this city tions through Maine run heavy usual Maryland remained open day they would night and said Michigan do Minnesota highly The Mississippi evidenced long state, Missouri customers waiting of Montana withdraw funds. windows leading citizens, Nevada of remaining banks Hampshire the serve the public. continue Mexico make urged Depositors York deposits their customary North Carolina without Dakota the Gardner, president Ohio and Trust ComSavings Loan Oklahoma the situation blamed Oregon land values. of farm shrinkage of his bank, Island overnight closing the state, South Carolina this part oldest crisis Dakota situation brought the closing followed by here and one branch bank Utah miles away. 15 Payson, bank in Green state November Virginia City, Mo., Washington National Ricker Virginia failed Quincy West The succession closed. week started shutdowns Ricker National the Quincy Total National bank Bank, only