Zeigler State Bank - Zeigler, IL

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: December 4, 1930
Location: Zeigler, Illinois (37.899, -89.052)

Metadata

Model: gpt-5-mini
Short Digest: 7598acb4

Response Measures

None

Description

Newspaper (AP) reports the bank failed to open on Dec 4, 1930 and was closed for examination and adjustment. No run or receivership mentioned. Language suggests an examination-led temporary suspension rather than an immediate failure; therefore classified as a suspension with likely reopening (no evidence of permanent closure).

Events (1)

1. December 4, 1930 Suspension

Cause: Government Action
Cause Details: Bank closed for examination and adjustment (official examination prompted suspension).
Newspaper Excerpt: The Zeigler State bank failed to open for business this morning. A notice posted on the door said that the bank was closed for examination and adjustment.
Source: newspapers

Newspaper Articles (1)

1. December 4, 1930 The Taylorville Daily Breeze Courier Taylorville, IL

Article from The Taylorville Daily Breeze Courier, December 4, 1930

Click image to open full size in new tab

Article Text

ZEIGLER STATE BANK FAILS TO OPEN Zeigler, Dec. 4. (A.P.)-The Zeigler State bank failed to open for business this morning. A notice posted on the door said that the bank was closed for examination and adjustment. The bank has a capital of $25,000 and B. Ashby is its president.