First State & Savings Bank

Bank Information

Episode Type: Run → Suspension → Closure
Bank Type: savings bank
Start Date: November 17, 1922
Location: Wood River, Illinois (38.861, -90.098)

Metadata

Model: gpt-5-mini
Short Digest: 88d12ef4

Response Measures

Full suspension

Description

Article states the bank closed its doors after a run Nov. 17, 1922 and a receiver was appointed (receiver's final report filed 1927-08-05). Therefore a run led to closure and receivership.

Events (2)

1. November 17, 1922 Run

Cause Details: Article does not specify the trigger or reason for the run; only reports that a run occurred.
Newspaper Excerpt: The bank closed its doors after a run Nov. 17, 1922
Source: newspapers

2. August 5, 1927 Receivership

Newspaper Excerpt: Final Report of Wood River Bank Receiver... The final report of E. J. Verlie, receiver for the defunct First State & Savings Bank of Wood River, was filed in the circuit court today and the court set down September 10 for the date the court would take action on the report.
Source: newspapers

Newspaper Articles (1)

1. August 5, 1927 Alton Evening Telegraph Alton, IL

Article from Alton Evening Telegraph, August 5, 1927

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Article Text

Final Report of Wood River Bank Receiver The final report of E. J. Verlie, re. celver for the defunct First State & Savings Bank of Wood River, was filed in the circuit court today and the court set down September 10 DR the date the court would take action on the report. The bank clored Its doors after a run Nov. 17, 1922 It has been long drawn out process of settling up the affairs of the bank and It has been expensive. There still remain some of the depositors of the bank who have failed to claim their dividends but this will not Interfere with the aproval of the final report, and the discharge of the receiver.