Farmers National Bank

Bank Information

Episode Type: Suspension → Reopening
Bank Type: national
Bank ID: 11779
Charter Number: 11779
Start Date: February 22, 1933
Location: Viola, Illinois (41.203, -90.587)

Metadata

Model: gpt-5-mini
Short Digest: 75ac6f1a

Response Measures

None

Receivership Details

Depositor recovery rate: 100.0%
Date receivership started: 1933-11-01
Date receivership terminated: 1938-07-28
Share of assets assessed as good: 58.3%
Share of assets assessed as doubtful: 38.9%
Share of assets assessed as worthless: 2.8%

Description

OCR errors corrected. Article (The Rock Island Argus, 1933-02-22) reports a continued bank holiday: Farmers National Bank in Viola remained closed and the holiday was extended due to bad dirt roads delaying efforts to reach depositors and complete securing of signatures. The article expresses hope the bank may be reopened, but gives no reopening date.

Events (3)

1. July 9, 1920 Chartered

Source: historical_nic

2. February 22, 1933 Suspension

Cause Details: Extended bank holiday (temporary suspension) caused by bad dirt roads delaying efforts to reach depositors and complete securing of signatures.
Newspaper Excerpt: Viola bank holiday under which the Farmers National bank closed ... Because the bad condition of dirt roads, the charge ... has been unable to reach all of the depositors. ... it is hoped ... that the bank may be reopened.
Source: newspapers

3. November 1, 1933 Receivership

Source: historical_nic

Newspaper Articles (1)

1. February 22, 1933 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, February 22, 1933

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Article Text

EXTEND VIOLA DRIVE THREE WEEKS Holiday Is Continued for Farmers National Due to Bad Roads. (Special to The Argus.) Viola, Feb. Viola bank holiday under which the Farmers National bank closed while program being extended another Because the bad condition of dirt roads, the charge paign agreements has been unable to reach all of the depositors. The secured natures now of cent the depositors, and it is hoped that in the period the extended the task may be completed so that the bank may be reopened.