Ham National Bank (Mount Vernon, IL)

View Charter #5689 on SPMC View balance sheet

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
January 3, 1933
Location
Mount Vernon, Illinois (38.317, -88.903)
Registered Place
Mt. Vernon
Bank Type
national
Charter Number
5689
Alt. names
Third National Bank

Metadata

Episode ID
Bank ID
City ID
170414091
Model
gpt-5-mini
Short Digest

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
82.0%
Date receivership started
1933-01-03
Share of assets assessed as good
41.1%
Share of assets assessed as doubtful
56.7%
Share of assets assessed as worthless
2.2%

Notes

Articles name a 'Third National Bank' in Mount Vernon; possible OCR/name discrepancy with the provided 'Ham National Bank'.

Events (5)
1. January 21, 1901 Chartered
Source
historical_nic
2. January 3, 1933 Run
Cause
Local Banks
Cause Details
Depositor panic triggered by reports of the closing of the Ridgley State Farmers Bank in Springfield, prompting heavy withdrawals.
Newspaper Excerpt
heavy run on the bank caused by reports circulated following the closing the Ridgley State Farmers bank of Springfield.
Source
newspapers
3. January 3, 1933 Suspension
Cause Details
Board of directors ordered closure to protect depositors following heavy withdrawals and adverse reports about another bank.
Newspaper Excerpt
was closed by order the board of directors, who stated that the action was taken to protect the interests depositors.
Source
newspapers
4. January 3, 1933 Receivership
Newspaper Excerpt
Bank Is Closed To Protect Depositors MT. VERNON, III., Jan Third National Bank ... closed to-day the board of rectors. ... Governor Emmerson was director.
Source
newspapers
5. January 3, 1933 Receivership
Source
historical_nic

Newspaper Articles (2)
1. January 4, 1933 Modesto News-Herald Modesto, CA

Article Text

Bank Is Closed To Protect Depositors MT. VERNON, III., Jan Third National Bank of which president, closed to-day the board of rectors. It the only bank the Cashier E. A. Vonarb sald the action taken to protect deposafter Saturday the of the Bank Springfield which Governor Emmerson was director.

2. January 27, 1933 The Republican Wauseon, OH

Article Text

Mount Vernon Bank Closed by Directors Mount Vernon, Third tional Bank Mount Vernon, the only in the city, was closed by order the board of directors, who stated that the action was taken "to protect the interests depositors." Gov. Louis Emmerson prestdent the institution. said that heavy run on the bank caused by reports" circulated following the closing the Ridgley State Farmers bank of Springfield.