First National Bank - White Hall, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 7121
Charter Number: 7121
Start Date: June 1, 1932*
Location: White Hall, Illinois (39.437, -90.403)

Metadata

Model: gpt-5-mini
Short Digest: 13406ea6

Response Measures

None

Receivership Details

Depositor recovery rate: 69.8%
Date receivership started: 1930-03-20
Date receivership terminated: 1935-10-31
OCC cause of failure: Economic conditions
Share of assets assessed as good: 42.6%
Share of assets assessed as doubtful: 54.3%
Share of assets assessed as worthless: 3.0%

Description

Article (Jacksonville Journal-Courier, 1932-06-10) states the First National Bank of White Hall had closed its doors and a receiver has taken charge and is paying dividends to depositors. No run is mentioned; receiver appointed indicates government action/receivership and permanent closure.

Events (4)

1. February 3, 1904 Chartered

Source: historical_nic

2. March 20, 1930 Receivership

Source: historical_nic

3. June 1, 1932* Suspension

Cause: Government Action
Cause Details: Bank had closed its doors and a receiver took charge; payments being made by receiver (receiver-appointed suspension).
Newspaper Excerpt: for First National Bank this which closed doors, antoday that another per cent be paid depositabout 20.
Source: newspapers

4. June 10, 1932 Receivership

Newspaper Excerpt: This will be the third paid by the receiver since he took charge the institution. ... When the checks paid on June 20, the receiver will paid the depositors 60 per cent dividends.
Source: newspapers

Newspaper Articles (1)

1. June 10, 1932 Jacksonville Journal Courier Jacksonville, IL

Article from Jacksonville Journal Courier, June 10, 1932

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Article Text

RECEIVER TO PAY DIVIDEND Lawrence Short of Greenfield Dies; Greene Teacher is Married White Hall, Ill., June Allen. for First National Bank this which closed doors, antoday that another per cent be paid depositabout 20. This will be the third paid by the receiver since he took charge the institution. The first dividend per for 10. When the checks paid on June 20, the ceiver will paid the depositors 60 per cent dividends. Short Dies Short, died home Greenfield. night 11 an several months. He was 73 years Short survived by one daughMiss Eddalee Short in the home. Newton Short, resides farm near and Harley Short, of His wife died in March and daughter, Lulu, died in January. Funeral services will held Friday afternoon from Pleasant Point Baptist Church north Greenfield. Johnson of Jacksonville charge. Burial will in Oakwood cemetery. Announce Marriage The Miss Augusta Close Mrs. Close White and Otto H. Hallett, Decatur here today, by visiting her mothwas Ind., February 20. Frank McLaughlen. Mrs. Hallett of White Hall High Illinois College She taught in the Hall school faculty the Illinois high school for the past three Mrs. Hallett expects to attend Illinois summer obtain Hallett prominent farmer Decatur.