Citizens Savings Bank - Carrier Mills, IL

Episode Information

Episode Type: Suspension → Closure
Start Date: October 1, 1932*
Location: Carrier Mills, Illinois (37.684, -88.633)
Bank Type: savings

Metadata

Episode ID
Bank ID
City ID: 170405634

Model: gpt-5-mini
Short Digest

Events (1)

1. October 1, 1932* Suspension

Cause: Voluntary Liquidation
Cause Details: Voluntary liquidation due to failure to earn sufficient profit; bank to pay depositors and cease operations.
Newspaper Excerpt: Citizens Savings bank here, with resources of $50,603, has voluntary liquidation of failure to earn sufficient profit to remain in business.
Source: newspapers

Newspaper Articles (1)

1. November 1, 1932 Chicago Tribune Chicago, IL

Article Text

Bank Can't Make Profit; to Pay Depositors and Cease

Carrier Mills, III., Oct. Citizens Savings bank here, with resources of $50,603, has voluntary liquidation of failure to earn sufficient profit to remain in business. been asked to call for their money.

Episode Information

Metadata

Events (1)

Newspaper Articles (1)

Article Text

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

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