5332. Taylorville National Bank (Taylorville, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
8940
Charter Number
8940
Start Date
January 3, 1933
Location
Taylorville, Illinois (39.549, -89.295)

Metadata

Model
gpt-5-mini
Short Digest
ffa704d5

Response Measures

None

Receivership Details

Date receivership started
1929-10-18
OCC cause of failure
Other

Description

Articles indicate the Taylorville National Bank was in liquidation and a government-appointed liquidating agent/receiver was placed. No mention of a depositor run in the provided articles. OCR in Article 2 is garbled; it appears to report the naming of a receiver in March 1934 relating to the Taylorville National Bank (or its disposition). Classified as suspension leading to permanent closure (receivership).

Events (8)

1. November 11, 1907 Chartered
Source
historical_nic
2. October 18, 1929 Receivership
Source
historical_nic
3. February 3, 1930 Restored To Solvency
Source
historical_nic
4. December 16, 1931 Voluntary Liquidation
Source
historical_nic
5. January 3, 1933 Other
Newspaper Excerpt
Succeeds A. L. Shrout as Liquidating Agent of Taylorville National Bank. ... he will devote his entire time to the business of collecting the notes and other indebtedness owing the bank.
Source
newspapers
6. March 19, 1934 Receivership
Source
historical_nic
7. March 24, 1934 Receivership
Newspaper Excerpt
Name Receiver For Bank ... Taylorville liquidating for the Taylorbank 1933, has named the comptroller currency March ... Washington Receiver Martin said.
Source
newspapers
8. * Suspension
Cause
Government Action
Cause Details
Government/comptroller involvement in placing a liquidating agent and later naming a receiver; indicates regulatory action leading to suspension/closure.
Newspaper Excerpt
Liquidating Agent ... placed in charge of the liquidation of the bank
Source
newspapers

Newspaper Articles (2)

Article from The Taylorville Daily Breeze Courier, January 3, 1933

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Article Text

.T.OSBORN NOW AT LOCAL BANK Succeeds A. L. Shrout as Liquidating Agent of Taylorville National Bank. Mr. A. L. Shrout announced, to the Board of Directors of The Taylorville National bank some time ago that he desired to be relieved from his duties as Liquidating Agent on the first of this year. Immediately the bank communicated this fact to the Government, and as result Mr. W. T. Oshorn has been placed in charge of the liquidation of the bank, Mr. Osborn is an experienced man in this line of work and has been connected with the Reconstruction Finance Corporation and has acted as Receiver and also Liquidation Agent for the Government in other banks in different parts of the country. Mr. Osborn and his wife have moved to Taylorville, and he will devote his entire time to the business of collecting the notes and other indebtedness owing the bank. Herman Lisse who accidentally shot himself about two weeks ago, has passed the danger period, and is now reported to be doing nicethe St. Vineents hospital.


Article from The Decatur Daily Review, March 24, 1934

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Article Text

Name Receiver For Bank Staff Taylorville liquidating for the Taylorbank 1933, has named the comptroller currency March The appointment following failure Farmer's Nationreorganize bank which ago bought Taylorville National posits. Farmer's National 1933. Payment per cent dend the National being accountably delayed. Washington Receiver Martin said.