Article Text
CLOSE MT. CARMEL BANK AFTER RUN Springfield. III., Oct. 24. Closing of the Mount Carmel Trust and Savings Bank was ordered to stop a run on the institution, the result of "slom loans," State Auditor Russell said today.
Mount Carmel Trust & Savings Bank (Mount Carmel, IL)
Episode Information
- Episode Type
- Run → Suspension → Unsure
- Start Date
- October 24, 1919
- Location
- Mount Carmel, Illinois (38.411, -87.761)
- Bank Type
- trust
- Routing Number
70-0325
Metadata
Events (2)
1.
October 24, 1919
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- the result of slow loans
- Measures
- The bank was ordered closed by the State Auditor to stop the run.
- Newspaper Excerpt
- Closing of the Mount Carmel Trust and Savings Bank was ordered to stop a run on the institution
- Source
- newspapers
2.
October 24, 1919
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- State Auditor ordered closure to stop a run caused by slow loans.
- Newspaper Excerpt
- Closing of the Mount Carmel Trust and Savings Bank was ordered to stop a run on the institution, the result of slom loans, State Auditor Russell said today.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
Springfield, III., Oct. 25.-Closing of the Mt. Carmel Trust and Savings bank was ordered to stop a run on the institution, the result of "slow loans," State Auditor Russell said today.