Ham National Bank (Mount Vernon, IL)

View Charter #5689 on SPMC View balance sheet

Episode Information

Episode UID
568901596
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
56890 national
Charter Number
5689
Start Date
December 31, 1932
Location
Mount Vernon, Illinois (38.317, -88.903)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
8f2a7923dfeb1bd1

Response Measures

Full suspension

Receivership Details

Depositor recovery rate
82.0%
Date receivership started
1933-01-03
Share of assets assessed as good
41.1%
Share of assets assessed as doubtful
56.7%
Share of assets assessed as worthless
2.2%

Description

The articles refer to the Third National Bank of Mount Vernon, which was the successor/related entity to Ham National Bank in this jurisdiction; the receivership date matches the provided record.

Events (5)
1. January 21, 1901 Chartered
Source
historical_nic
2. December 31, 1932 Run
Cause
Local Banks
Cause Details
Heavy run triggered by the closing of the Ridgely-Farmers State Bank of Springfield and erroneous reports.
Random Run
Yes
Random Run Snippet
heavy run on the bank was caused by erroneous reports circulated
Measures
The bank closed its doors to protect depositors.
Newspaper Excerpt
action was taken to protect after heavy run Saturday as result of the closing of the State Bank of Springfield
Source
newspapers
3. January 3, 1933 Receivership
Source
historical_nic
4. January 3, 1933 Receivership
Source
newspapers
5. January 3, 1933 Suspension
Cause
Local Banks
Cause Details
Closed by directors following a heavy run caused by the failure of a bank in Springfield.
Newspaper Excerpt
The Third National Bank of Mount Vernon... was closed today by the Board of Directors.
Source
newspapers

Newspaper Articles (16)
1. January 4, 1933 The Cincinnati Enquirer Cincinnati, OH

Article Text

TOWN WITHOUT A BANK. Mt. Vernon, Ill. January 3-(AP) The Third National Bank of Mount Vernon, of which Governor Louis Emmerson was President, was closed today by the Board of Directors. was the only bank in the Cashier E. A. Vonarb said the action was taken to protect after heavy run Saturday as result of the closing of the State Bank of Springfield, of which Governor was director. The bank had deposits of and of $2,781,000 at the close of business Saturday. It was capitalized $150,000 and had a surplus of $145,000.

2. January 4, 1933 Reading Times Reading, PA

Article Text

GOVERNOR'S IS CLOSED VERNON. Third National bank Mt. Vernon, which Louis Emmerson president, was closed today the board directors. was the bank the Cashier Vonarb said the was taken to protect depositors heavy Saturday the closing the RidgelyFarmers State bank Springfield which Governor Emmerson The bank had deposits and resources $2,781,000 the close business Saturday.

3. January 4, 1933 The Modesto Bee Modesto, CA

Article Text

Bank Is Closed To Protect Depositors MT. VERNON, Jan Third National Bank of Vernon, which Governor Louis Emmerson was president, closed to-day the board of rectors. was the only bank the Cashier E. Vonarb said the was taken depositors after heavy run Saturday as the result of the State Bank Springfield which Governor Emmerson was director.

4. January 7, 1933 Effingham Daily Record Effingham, IL

Article Text

Only Bank Closes MOUNT VERNON, Third National bank of Mount Vernon, the only one in the city, was closed today by order of the board of directors, who stated that the action was taken protect the Interests of the depositors."

5. January 11, 1933 The Garland Herald Lincoln, NE

Article Text

Mount Vernon Bank Closed by Directors Mount Vernon, Third National Bank Mount Vernon, the only one in city, was closed by order of the board of directors, who stated that action was taken protect the interests of the depositors." Gov. Louis Emmerson is president of the institution. was said that heavy run on the bank was caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

6. January 11, 1933 The Greenwood Gazette Greenwood, NE

Article Text

Mount Vernon Bank by Directors Mount Vernon. Third National Bank of Mount Vernon, the only one in the city. was closed by order of the board of directors, who stated that action was taken protect the of the depositors." Gov. Louis Emmerson is president the Institution. was said that heavy run the bank caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

7. January 11, 1933 The Malcolm Messenger Lincoln, NE

Article Text

Mount Vernon Bank Closed by Directors Mount Vernon, Third National Bank of Mount Vernon, the only one in the city, was closed by order of the board of directors. who stated that the action was taken "to protect the interests -depositors." Gov. Louis Emmerson is president of the institution. it WES said that heavy run on the bank caused by "erroneous reports' circulated following the closing of the Ridgley State Farmers bank of Springfield.

8. January 11, 1933 The New Teller York, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon, TH.-The Third Na tional Bank of Mount Vernon, the only one in the city. was closed by order of the board of directors, who stated that the action was taken "to protect the Interests of the deposi tors." Gov. Louis L. Emmerson is prest dent of the institution. It was said that a heavy run on the bank was caused by "erroneous reports' circu lated following the closing of the Ridgley State Farmers bank of Springfield.

9. January 12, 1933 The Ashton Gazette Ashton, IL

Article Text

Mount Vernon Bank by Directors Mount Vernon, Third National Bank Mount Vernon, the only one the city, was closed by order of the board directors, who stated that the action was taken protect the interests of the deposiGov. Louis Emmerson is president the institution. said that heavy the bank was caused by "erroneous reports" lated following closing of the Ridgley State Farmers bank of Springfield.

10. January 12, 1933 The Johnson News Johnson, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon. m-The Third National Bank of Mount Vernon, the only one in the city, was closed by order of the board of directors, who stated that the action was taken "to protect the interests of the depositors." Gov. Louis L. Emmerson is president of the institution. It was said that a heavy run on the bank was caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

11. January 12, 1933 The Plymouth News Plymouth, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon, IH.-The Third Na. tional Bank of Mount Vernon. the only one In the city, was closed by order of the board of directors, who stated that the action was taken "to protect the Interests of the depositors." Gov. Louis L. Emmerson is president of the institution. It was said that a heavy run on the bank was caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

12. January 13, 1933 The Gresham Gazette Gresham, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon, Third Na. tional Bank of Mount Vernon, the only one in the city, was closed by order of the board of directors, who stated that the action was taken "to protect the Interests of the depositors.' Gov. Louis L. Emmerson is president of the Institution. It was said that heavy the bank was caused by "erroneous circulated following the closing of the Ridgley State Farmers bank of Springfield.

13. January 13, 1933 The Peru Pointer Peru, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon, Third Na flonal Bank of Mount Vernon, the only one in the city, was closed by order of the board of directors. who stated that action was taken "to protect the interests of the depesitors." Gov. Louis L. Emmerson is president of the Institution. It was said that a heavy run on the bank was caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

14. January 19, 1933 The Enterprise Messenger Merna, NE

Article Text

Mount Vernon Bank Is Closed by Directors Mount Vernon. Third National Bank of Mount Vernon, the only one in the city. was closed by order of the board of directors, who stated that the action was taken "to protect the interests of the depositors. Gov. Louis L. Emmerson is president of the institution. It was said that a heavy run on the bank was caused by "erroneous reports" circulated following the closing of the Ridgley State Farmers bank of Springfield.

15. January 26, 1933 Herndon Nonpareil Herndon, KS

Article Text

Mount Vernon Bank Closed by Directors Mount Vernon, Third National Bank of Mount Vernon, the in the city, was closed by only one order of the board of directors, who stated that the action was taken "to protect the Interests of the depositors." Gov. Louis Emmerson is president of the institution. was said that heavy the bank was caused by "erroneous reports" circulated following the closing of the State Farmers bank of Ridgley Springfield.

16. February 3, 1933 The Lincoln Herald Lincoln, NE

Article Text

Mount Vernon Banl Is Closed by Directors Mount Vernon, Third National Bank of Mount Vernon, the only one in the city, was closed by order of the board of directors, who stated that the action was taken "to protect the interests of the depositors." Gov. Louis L. Emmerson is president of the institution. It was said that heavy run on the bank was caused by "erroneous reports" circu-* lated following the closing of the Ridgley State Farmers bank of Springfield.