First National Bank (Ridgway, IL)

View Charter #9439 on SPMC View balance sheet

Episode Information

Episode UID
943901630
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
94390 national
Charter Number
9439
Start Date
October 19, 1935
Location
Ridgway, Illinois (37.799, -88.261)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1cc16fecd07924d7

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-02-04
Date receivership terminated
1937-10-28
Share of assets assessed as good
23.4%
Share of assets assessed as doubtful
71.0%
Share of assets assessed as worthless
5.6%

Events (3)
1. June 10, 1909 Chartered
Source
historical_nic
2. February 4, 1933 Receivership
Source
historical_nic
3. October 19, 1935 Receivership
Newspaper Excerpt
Oliver Alden, receiver of the closed First National bank here and also of the First National of Ridgway, announces that a dividend of 40 per cent will be paid the creditors of the closed Ridgway institution...
Source
newspapers

Newspaper Articles (2)
1. October 20, 1935 Evansville Courier and Press Evansville, IN

Article Text

RIDGWAY BANK RECEIVER AWAITS DIVIDEND CHECKS BENTON, Ill., Oct. 19.—(Special)—Oliver Alden, receiver of the closed First National bank here and also of the First National of Ridgway, announces that a dividend of 40 per cent will be paid the creditors of the closed Ridgway institution just as soon as the checks have been signed by the comptroller at Washington and returned. This dividend will amount to $27,654.93 and is the third dividend paid the creditors. Previous payments of 35 and 20 percent dividends have almost resulted in the depositors receiving full payment of their claims, the three payments now totalling 95 per cent of the original deposits.

2. October 20, 1935 The Evansville Journal Evansville, IN

Article Text

RIDGWAY BANK RECEIVER AWAITS DIVIDEND CHECKS BENTON, Ill., Oct. 19.—(Special)—Oliver Alden, receiver of the closed First National bank here and also of the First National of Ridgway, announces that a dividend of 40 per cent will be paid the creditors of the closed Ridgway institution just as soon as the checks have been signed by the comptroller at Washington and returned. This dividend will amount to $27,654.93 and is the third dividend paid the creditors. Previous payments of 35 and 20 percent dividends have almost resulted in the depositors receiving full payment of their claims, the three payments now totalling 95 per cent of the original deposits.