First National Bank - Sidell, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 8374
Charter Number: 8374
Start Date: September 27, 1933
Location: Sidell, Illinois (39.910, -87.821)

Metadata

Model: gpt-5-mini
Short Digest: 073996ba

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-09-27
Date receivership terminated: 1937-09-30
Share of assets assessed as good: 46.9%
Share of assets assessed as doubtful: 42.1%
Share of assets assessed as worthless: 11.1%

Description

Article reports the First National Bank at Sidell was closed and a receiver (William Below) appointed by the Comptroller of the Currency; no run is mentioned. Closure date given as Sept. 27, 1933.

Events (4)

1. September 22, 1906 Chartered

Source: historical_nic

2. September 27, 1933 Receivership

Source: historical_nic

3. September 27, 1933 Receivership

Newspaper Excerpt: City Commissioner William Below has been named receiver for the First National Bank at Sidell. ... He has his release to take over the new duties on Sept. 27 and has already checked in as receiver of the Sidell bank which closed on that date.
Source: newspapers

4. September 27, 1933 Suspension

Cause: Government Action
Cause Details: Closed and placed in receivership by the Comptroller of the Currency (appointed receiver).
Newspaper Excerpt: He has his release to take over the new duties on Sept. 27 and has already checked in as receiver of the Sidell bank which closed on that date.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1933 Marion Weekly Leader Marion, IL

Article from Marion Weekly Leader, October 5, 1933

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Article Text

Marion City Finance Commissioner Takes Charge of First Nationel Bank at Sidell. City Commissioner William Below has been named receiver for the First National Bank at Sidell, learned here Monday. Commissioner Below captain in the Army reserve has been on duty with the Civilian Conservation Corps at Morris, III. He has his release to take over the new duties on Sept. 27 and has already checked in as receiver of the Sidell bank which closed on that date. Below, who has had much experience an auditor, was appointed to post by O'Connor, comptroller of the currency Sidell located in Vermillion county. Commissioner Below was Marion to visit the week end his family and to attend the meeting of the city councl Monday night. He will return to Sidell day.