State Bank (Eddyville, IL)

Episode Information

Episode UID
70127171583
Episode Type
Run โ†’ Suspension โ†’ Reopening
Bank Type
state
Bank ID
7012717 routing
Routing Number
70-1271
Start Date
November 1, 1931
Location
Eddyville, Illinois (37.499, -88.588)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
df808e3419ac3a89

Response Measures

None

Events (3)

1. November 1, 1931 Run
Cause
Local Banks
Cause Details
Runs were triggered when nearby banks closed, leading depositors to withdraw from Eddyville State Bank
Measures
Cashier called in an examiner; state auditor ordered stockholder assessment of $5,000
Newspaper Excerpt
Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank
Source
newspapers
2. November 1, 1931 Suspension
Cause
Local Banks
Cause Details
Bank was closed by its cashier after runs linked to nearby bank closures; examiner called in and stockholder assessment ordered
Newspaper Excerpt
Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank
Source
newspapers
3. February 2, 1932 Reopening
Newspaper Excerpt
Eddyville State bank, closed three months ago, is to be reopened tomorrow
Source
newspapers

Newspaper Articles (2)

Article from Waukegan News-Sun, February 1, 1932

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Article Text

FLOUR unchanged In carload lots family patents 4.30-4.40 per barrel in 98 pound Shipments 24,774: pure bran 12.5013.00 Standard middling 11.00-11.50. REOPEN EDDYVILLE BANK HARRISBURG, Ill., Feb. 1-(AP) Eddyville State bank, closed three months ago, is to be reopened tomorrow Cashier Ragan closed the bank and called in examiner when all banks nearby closed and started on his bank As precaution state auditor ordered stockholder assessment $5,000 Golconda business are tempting to reopen one of their closed REPORT MERGER DANVILLE (INS). Merger of the Malleable Company and the Manufacturing of this city announced here today. The Decatur plant will be abandoned and the and working force brought, here, it was reported. CLOSE DUBUQUE BANK DUBUQUE Ia., Feb. (INS)The Dubuque Union Trust and Savings Bank, with deposits of approximately $2,500,000 and capitalization $150,000, failed to open for business today It the second large Dubuque bank close within week. TREASURY BALANCE The treasury net balance Jan was $341 Expenditures that day were $4,052,727.34 Customs receipts for month through Jan 29 were $26,131,864.00 PEORIA GRAIN 1/2c higher: No. yellow 351/2 Oats unchanged; No. white DECLARE DIVIDEND NEW YORK, (UP)-Th4 Corp., representing the mergered Standard Oil Co. and the Vacuum Oil Co., today declared 25 share, payable March 15 to stock of record Feb Following the merger of the last year the paid initial dividend of 40 cents on Sept. 15 and later distributed cents share on Dec. 15.


Article from Belleville Daily Advocate, February 1, 1932

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Article Text

BANK TO REOPEN Eddyville State Bank, closed three ago, is to be reopened Ragan closed the called in an exwhen all closed and run on his bank the auditor of $5,000. Golconda men are attempting to reopen one of their closed banks.