First State Bank (Greenup, IL)

Episode Information

Episode UID
6052410191564
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
605241019 hash
Start Date
April 1, 1930*
Location
Greenup, Illinois (39.248, -88.163)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1ea4dbbb48c56b48

Response Measures

None

Description

OCR errors in articles corrected (e.g., 'falled' -> 'failed').

Events (3)
1. April 1, 1930* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank closed because of 'frozen assets' and inability to honor checks
Newspaper Excerpt
Examination of the books of the First State bank of this city, closed last Friday, was completed
Source
newspapers
2. May 2, 1930 Receivership
Newspaper Excerpt
A receiver for the institution will be appointed in the near future
Source
newspapers
3. September 22, 1933 Receivership
Newspaper Excerpt
Receiver ... asked court authority to close the affairs of the First State bank Greenup; court is asked for an order to sell the banking house, furniture and fixtures and make final report
Source
newspapers

Newspaper Articles (2)
1. May 2, 1930 Decatur Evening Herald Decatur, IL
Article from Decatur Evening Herald, May 2, 1930

Click image to open full size in new tab

Article Text

Auditors Finish Check of Closed Bank in Greenup GREENUP-Examination of the books of the First State bank of this city. closed last Friday, was completed Wednesday and the report taken to the state auditor. No 10. here. It was made public port believed the bank falled because of "frozen assets." Many citizens had made special deposits to take care of thell taxes, and had given checks to the county collector for the amounts. Notices In those are being which the checks had not returned to the bank. A receiver for the institution will be appointed In the near fature

2. September 22, 1933 The Decatur Daily Review Decatur, IL

Article Text

Seek to Close Bank Receiver Greenup Institution Asks Court Authority for Sale. Staff Greenup Court authority close the affairs of the First State bank Greenup sought filed court The bank April Mr. Elstun sets forth the ing the bank: Total assets, $62,331.57 Paid assets, $9,171.96. Balance of assets remaining paid, $53,159.61 Balance remaining unpaid but considered good, Considered doubtful. $652.55 Considered desperate, The states confessed judgments against debt have taken of $44,953.00. Suits tered and judgment taken for 650.00. The court is asked for an order sell the banking house, furniand fixtures: several pieces accounts judgments, and all the remainder that the receiver asked make final report January term. of circuit court: that the receiver upon making final report final proceed to close the bank.