First National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 6007
Charter Number: 6007
Start Date: February 2, 1933
Location: Secor, Illinois (40.742, -89.135)

Metadata

Model: gpt-5-mini
Short Digest: 1d4e35be

Response Measures

None

Receivership Details

Depositor recovery rate: 53.0%
Date receivership started: 1933-02-06
Date receivership terminated: 1938-07-19
Share of assets assessed as good: 37.5%
Share of assets assessed as doubtful: 58.1%
Share of assets assessed as worthless: 4.4%

Description

Article (Feb 17, 1933) lists First National Bank of Secor, Ill., as suspending Feb 2 and reported to the Comptroller. No mention of a depositor run, receivership, or permanent closing in the provided text. Because only a suspension is reported with no evidence of permanent failure, I classify as a suspension with no run and assume (but cannot confirm) temporary suspension/reopening; this is flagged in notes.

Events (3)

1. November 1, 1901 Chartered

Source: historical_nic

2. February 2, 1933 Suspension

Cause Details: Listed among national banks suspending payment and reported to the Comptroller; article gives no cause (no run or government closure specified).
Newspaper Excerpt: Feb. 2: First National Bank, of Secor, Ill., resources $219,044.
Source: newspapers

3. February 6, 1933 Receivership

Source: historical_nic

Newspaper Articles (1)

1. February 17, 1933 The Producers News Plentywood, MT

Article from The Producers News, February 17, 1933

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Article Text

More Banks Close National banks suspending Feb. 2, 4, and 6 as reported to Comptroller of the Currency were: Feb. 2: First National Bank, of Secor, Ill., resources $219,044. Pleasantville National Bank of Pieasantville, N. J., resources, $630,000. Feb. 6: Citizens and Security National Bank of St. James, Minn. resources, $600,462.