National Bank - Shawneetown, IL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 7752
Charter Number: 7752
Start Date: January 1, 1933*
Location: Shawneetown, Illinois (37.713, -88.187)

Metadata

Model: gpt-5-mini
Short Digest: c3133040

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1934-09-21
Date receivership terminated: 1936-12-08
Share of assets assessed as good: 81.3%
Share of assets assessed as doubtful: 15.5%
Share of assets assessed as worthless: 3.3%

Description

The bank was closed under the 1933 moratorium (government-ordered suspension) and in Aug 1934 the conservator is preparing its reopening with the government buying preferred stock. No run is mentioned.

Events (4)

1. May 19, 1905 Chartered

Source: historical_nic

2. January 1, 1933* Suspension

Cause: Government Action
Cause Details: Closed under the 1933 banking moratorium (government-ordered suspension)
Newspaper Excerpt: after it was closed by the 1933 moratorium
Source: newspapers

3. August 6, 1934 Reopening

Newspaper Excerpt: The conservator of the National bank of Shawneetown is preparing for its reopening after it was closed by the 1933 moratorium. The government will buy preferred stock in the bank, which is expected to open within a short time.
Source: newspapers

4. September 21, 1934 Receivership

Source: historical_nic

Newspaper Articles (1)

1. August 6, 1934 Daily Republican-Register Mount Carmel, IL

Article from Daily Republican-Register, August 6, 1934

Click image to open full size in new tab

Article Text

SHAWNEETOWN BANK TO BE OPENED SOON SHAWNEETOWN, Aug. 6.The conservator of the National bank of Shawneetown is preparing for its reopening after it was closed by the 1933 moratorium. The government will buy preferred stock in the bank, which is expected to open within a short time. Want Ads get results.