Blue Island Trust & Savings Bank (Blue Island, IL)

Episode Information

Episode UID
70210271561
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7021027 routing
Routing Number
70-2102
Start Date
January 13, 1930
Location
Blue Island, Illinois (41.657, -87.680)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c93025d04adc8f2e

Response Measures

None

Description

Text contains OCR errors; articles report voluntary closing for examination and expected payment to depositors.

Events (1)
1. January 13, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed for examination and adjustment by state auditor; closed by voluntary action of its directors with possible reorganization or receiver to be appointed within days.
Newspaper Excerpt
The Blue Island Trust and Savings bank, Blue Island, was closed today for adjustment, according to announcement State Auditor Oscar Nelson here.
Source
newspapers

Newspaper Articles (3)
1. January 13, 1930 The Daily Independent Murphysboro, IL
Article from The Daily Independent, January 13, 1930

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Article Text

Expect Depositors Of Be Paid In Full Jan. Blue Island Trust and Savings Bank, Blue Island, was today for examination and adjustment, according to an nouncement Auditor Nelson here. The state has concluded its quiry into the condition of Donnellson State Bank, which ed week ago Saturday. report on the bank's affairs has been placed in the hands of Nemon and will take action with ylew receiver or reorganizing the bank within week days. The bank as closed the tary action of its directors and next day committed suicide. and frozen assets were blamed for the bank's suspension. however, are expected to be paid fulls

2. January 13, 1930 Daily Republican-Register Mount Carmel, IL
Article from Daily Republican-Register, January 13, 1930

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Article Text

ISLAND BANK NOW CLOSED FOR EXAMINATION Donnellson State Bank Will Pay All Depositors III., Jan. 13. The Blue Island Trust and Savings bank, Blue Island, was closed today for adjustment, according to announcement State Auditor Oscar Nelson here. The bank December had capital of $150,000, surplus $50,000 and deposits of Brincker is president of the bank. The state has concluded its quiry into the condition Donnellson State bank, which closed week ago Saturday. port the bank's affairs has been placed in the hands of Nelson and will take action with view to appointing receiver reorganizing the bank within week or ten days. The bank was closed by the untary action of its directors next day Mansfield, ident, committed suicide, A short. frozen assets blamed bank's suspension. Depositors however, are expected to be full.

3. January 13, 1930 The Belleville News-Democrat Belleville, IL
Article from The Belleville News-Democrat, January 13, 1930

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Article Text

Savings Springfield, Jan. Blue Island Trust and Savings Bank, Island, closed for examination and adjustThent, according State Auditor Oscar here. The bank on December had capital surplus and deposits of of the bank. The state has concluded quiry into the condition the Donnellson State Bank, which closed week ago Saturday. report the bank's affairs has been placed the hands Nelson and he action view to appointreceiver reorganizing the bank within week ten days. The bank was closed by the voluntary action of directors the next day Mansfield, president, shortage frozen blamed the Deposihowever, expected full.