State Bank - St Libory, IL

Episode Information

Episode UID: 70198871599
Episode Type: Suspension → Reopening
Bank Type: state
Bank ID: 7019887 routing
Routing Number: 70-1988
Start Date: March 1, 1933*
Location: St Libory, Illinois (38.363, -89.710)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 67e3cde8b725c589

Response Measures

None

Events (3)

1. March 1, 1933* Reopening

Newspaper Excerpt: to enable the bank to resume business (depositors waived 25 per cent of their deposits to enable the bank to resume business).
Source: newspapers

2. March 1, 1933* Suspension

Cause: Government Action
Cause Details: Banking moratorium of March 1933 (state/federal banking holiday)
Newspaper Excerpt: Following the banking moratorium of March, 1933, the depositors of the bank waived 25 per cent of their deposits
Source: newspapers

3. December 16, 1935 Other

Newspaper Excerpt: $8,179 IN WAIVED DEPOSITS RELEASED IN ST. LIBORY BANK
Source: newspapers

Newspaper Articles (1)

1. December 16, 1935 Belleville Daily Advocate Belleville, IL

Article Text

$8,179 IN WAIVED DEPOSITS RELEASED IN ST. LIBORY BANK Edward J. Barrett, auditor of public accounts, announced today that he had given authority to the State Bank of St. Libory, of St. Libory, Illinois, to pay a dividend of 25 per cent on waived deposits. The dividend amounts to $8,179.08. Following the banking moratorium of March, 1933, the depositors of the bank waived 25 per cent of their deposits amounting to $32,716.29 to enable the bank to resume business. This is the first payment to the depositors of the amount waived.

Episode Information

Metadata

Response Measures

Events (3)

Newspaper Articles (1)

Article Text

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

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