Bank of Palmyra - Palmyra, IL

Episode Information

Episode UID: 70151671366
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7015167 routing
Routing Number: 70-1516
Start Date: October 26, 1913
Location: Palmyra, Illinois (39.434, -89.996)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 81c6019aaddf54b5

Response Measures

None

Events (2)

1. October 26, 1913 Receivership

Newspaper Excerpt: Henry Hamilton, president of the State Bank of Girard, was named as receiver.
Source: newspapers

2. October 26, 1913 Suspension

Cause: Voluntary Liquidation
Cause Details: Bank went into voluntary bankruptcy; liabilities reported $180,000.
Newspaper Excerpt: The Bank of Palmyra, a private institution, today went into voluntary bankruptcy.
Source: newspapers

Newspaper Articles (1)

1. October 27, 1913 The Cairo Bulletin Cairo, IL

Article from The Cairo Bulletin, October 27, 1913

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Article Text

PALMYRA BANK FAILS: LIABILITIES $180,000 Palmyra, III., Oct. 26.---The Bank of Palmyra, a private institution, today went into voluntary bankruptcy. Henry Hamilton, president of the State Bank of Girard, was named as receiver. The bank had been in existence thirty-two years. President L. P. Smith said the concern's liabilities were $180,000. The institution has a capital stock of $10,000 and about $100,000 on deposit.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

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