First National Bank

Episode Information

Episode UID: 337601572
Episode Type: Run → Suspension → Closure
Bank Type: national
Bank ID: 33760 national
Charter Number: 3376
Start Date: December 12, 1930
Location: Paris, Illinois (39.611, -87.696)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 4ffcd26ff3e898ba

Response Measures

Full suspension

Receivership Details

Depositor recovery rate: 17.2%
Date receivership started: 1931-05-04
Date receivership terminated: 1936-02-26
OCC cause of failure: Losses
Share of assets assessed as good: 37.9%
Share of assets assessed as doubtful: 36.6%
Share of assets assessed as worthless: 25.5%

Description

Known receivership date (1931-05-04) used as authoritative for closure.

Events (6)

1. August 12, 1885 Chartered

Source: historical_nic

2. December 12, 1930 Run

Cause Details: Article reports a run but gives no specific trigger or rumor.
Newspaper Excerpt: There was a run on the bank last Friday.
Source: newspapers

3. December 16, 1930 Suspension

Cause Details: Bank failed to open following a run the prior week.
Newspaper Excerpt: The First National bank at Paris, Ill., failed to open its doors today.
Source: newspapers

4. March 27, 1931 Voluntary Liquidation

Source: historical_nic

5. May 4, 1931 Receivership

Source: historical_nic

6. May 4, 1931 Receivership

Source: newspapers

Newspaper Articles (1)

1. December 16, 1930 Green Bay Press-Gazette Green Bay, WI

Article from Green Bay Press-Gazette, December 16, 1930

Click image to open full size in new tab

Article Text

Concluded From Page One 8 N. Carolina Banks Fail to Open Today of the State Bank of Niobrara, at Niobrara, Nebr., today was announced here by the state department of trade and commerce. The bank directors voluntarily suspended business and turned the institution over to a state bank examiner. No reason for the action was given. The bank had deposits of approximately $275,000. FAILS TO OPEN SPRINGFIELD, Ill. (AP)—Closing of the Pope county state bank at Golconda for examination and adjustment was announced today. The bank was capitalized at $50,000. The first of this year the bank had total deposits of $314,216.41. Loans totaled $244,286.79. PARIS, ILL., FAILURE PARIS, Ill. (AP)—The First National bank at Paris, Ill., failed to open its doors today. There was a run on the bank last Friday. B. H. Pennell, president, did not issue a statement. The bank had capital stock of $50,000. PRESIDENT IS MISSING BINGHAMTON, N. Y. (AP)—The affairs of Andrew J. Horvatt, president of the state bank of Binghamton, missing since the doors of the institution were closed yesterday, was the object of inquiry today from three sources. The state banking department, searching out the exact amount of a shortage unofficially reported to be about $600,000 was one of the investigators. Federal officers became interested upon learning that Horvatt was the supreme treasurer of a fraternal insurance organization and the officers of that organization, the Greek Catholic union, arrived to check their accounts. The exact shortage, state bank examiners said, might not be determined until early next week. Depositors were largely laborers.