Chapin State Bank - Chapin, IL

Episode Information

Episode UID: 70121471595
Episode Type: Run → Suspension → Unsure
Bank Type: state
Bank ID: 7012147 routing
Routing Number: 70-1214
Start Date: November 1, 1932*
Location: Chapin, Illinois (39.767, -90.402)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 2799467c19705d20

Response Measures

None

Description

Closed for examination by state auditor after heavy recent withdrawals; no follow-up about reopening or receivership in these articles.

Events (2)

1. November 1, 1932* Run

Cause Details: Heavy withdrawals in the days preceding closure; deposit outflows pressured the bank.
Measures: Directors voted to close the bank for examination; state auditor's examiner took charge.
Newspaper Excerpt: It is generally understood in Chapin that heavy withdrawals within the last few days is the direct cause of closing.
Source: newspapers

2. November 29, 1932 Suspension

Cause Details: Board of directors voted to close for examination citing decreased deposits and heavy withdrawals; examiner appointed.
Newspaper Excerpt: The Chapin State bank was closed for examination Monday morning on vote of the board of directors. A. J. Adams of the state auditor's office took charge of the institution immediately for an examination.
Source: newspapers

Newspaper Articles (1)

1. November 29, 1932 Jacksonville Journal Courier Jacksonville, IL

Article Text

BANK AT CHAPIN FAILS TO OPEN; EXAMINER THERE The Chapin State bank was closed for examination Monday morning on vote of the board of directors. A. J. Adams of the state auditor's office took charge of the institution immediately for an examination. Officials of the bank said the resolution to close was adopted at a meeting Saturday evening. It was not deemed advisable to operate any longer with decreased deposits. Officials explained that the closing was voluntary on their part. John Onken is president of the Chapin bank which is capitalized at $25,000. Some of the best known citizens of the county are directors and stockholders. It is generally understood in Chapin that heavy withdrawals within the last few days is the direct cause of closing.