Chapin State Bank (Chapin, IL)

Episode Information

Episode Type
Run → Suspension → Closure
Start Date
November 29, 1932
Location
Chapin, Illinois (39.767, -90.402)
Bank Type
state
Routing Number
70-1214

Metadata

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

Notes

Article two is heavily garbled by OCR but appears to reference a receiver for Chapin State; additional sources would confirm.

Events (3)
1. November 29, 1932 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Board voted to close and examiner took charge after decreased deposits; officials said heavy withdrawals in last few days were direct cause of closing.
Newspaper Excerpt
The Chapin State bank was closed for examination Monday morning on vote of the board of directors.
Source
newspapers
2. March 16, 1933 Receivership
Newspaper Excerpt
CRABTREE MURRAYVILLE RECEIVER made Thursday ... and the Chapin State
Source
newspapers
3. * Other
Newspaper Excerpt
It is generally understood in Chapin that heavy withdrawals within the last few days is the direct cause of closing.
Source
newspapers

Newspaper Articles (2)
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.

2. March 17, 1933 Jacksonville Journal Courier Jacksonville, IL

Article Text

CRABTREE MURRAYVILLE RECEIVER made Thursday the of Crabtree this city of the Murrayville State which recently closed Crabtree's made for the Alexander bank and the Chapin State CAMP FIRE NEWS The tended the Sunday the Central church. Rev preached very entitled "Building the Temple" which was upon the idea the 1933 day project of Camp Fire of "Mak Most We girls Pontius his sermon for sympathy toward our Camp ideals. Tuesday evening the Oececa Camp Fire the short meeting The and of the for were filled. ranks given Monday March 27th, the Grand Council Fire all the Camp Fire groups Ruth Kendall,