Blue Island Trust & Savings Bank (Blue Island, IL)

Episode Information

Episode UID
70210271561
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
7021027 routing
Routing Number
70-2102
Start Date
January 13, 1930
Location
Blue Island, Illinois (41.657, -87.680)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c93025d04adc8f2e

Response Measures

None

Description

President of the bank reportedly committed suicide after the directors closed the bank.

Events (1)
1. January 13, 1930 Suspension
Cause
Voluntary Liquidation
Cause Details
Closed voluntarily by its directors for examination and adjustment after a reported shortage and frozen assets; state to consider receiver or reorganization.
Newspaper Excerpt
The Blue Island Trust and Savings Bank, Blue Island, was closed today for examination and adjustment, according to an announcement by State Auditor Oscar Nelson here.
Source
newspapers

Newspaper Articles (3)
1. January 13, 1930 The Daily Independent Murphysboro, IL
Article from The Daily Independent, January 13, 1930

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Article Text

Expect Depositors Of Bank Will Be Paid In Full SPRINGFIELD, ILL., Jan. 13—(UP)—The Blue Island Trust and Savings Bank, Blue Island, was closed today for examination and adjustment, according to an announcement by State Auditor Oscar Nelson here. The state has concluded its inquiry into the condition of the Donnellson State Bank, which closed a week ago Saturday. A report on the bank's affairs has been placed in the hands of Nelson and he will take action with a view to appointing a receiver or reorganizing the bank within a week or ten days. The bank was closed by the voluntary action of its directors and the next day V. A. Mansfield, president, committed suicide. A shortage and frozen assets were blamed for the bank's suspension. Depositors however, are expected to be paid in full.

2. January 13, 1930 Daily Republican-Register Mount Carmel, IL
Article from Daily Republican-Register, January 13, 1930

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Article Text

BLUE ISLAND BANK IS NOW CLOSED FOR AN EXAMINATION Donnellson State Bank Will Pay All Depositors In Full. SPRINGFIELD, Ill., Jan. 13. — The Blue Island Trust and Savings bank, Blue Island, was closed today for examination and adjustment, according to an announcement by State Auditor Oscar Nelson here. The bank on December 31 had a capital of $150,000, a surplus of $50,000 and deposits of $1,425,000. F. C. Brincker is president of the bank. The state has concluded its inquiry into the condition of the Donnellson State bank, which closed a week ago Saturday. A report on the bank's affairs has been placed in the hands of Nelson and he will take action with a view to appointing a receiver or reorganizing the bank within a week or ten days. The bank was closed by the voluntary action of its directors and the next day C. A. Mansfield, president, committed suicide. A shortage and frozen assets were blamed for the bank's suspension. Depositors however, are expected to be paid in full.

3. January 13, 1930 The Belleville News-Democrat Belleville, IL
Article from The Belleville News-Democrat, January 13, 1930

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Article Text

Savings Bank At Blue Island Is Closed Today Springfield, Ill., Jan. 13.—(UP).—The Blue Island Trust and Savings Bank, Blue Island, was closed today for examination and adjustment, according to an announcement by State Auditor Oscar Nelson here. The bank on December 31 had a capital of $150,000, a surplus of $50,000 and deposits of $1,425,000. F. C. Brincker is president of the bank. The state has concluded its inquiry into the condition of the Donnellson State Bank, which closed a week ago Saturday. A report on the bank's affairs has been placed in the hands of Nelson and he will take action with a view to appointing a receiver or reorganizing the bank within a week or ten days. The bank was closed by the voluntary action of its directors and the next day C. A. Mansfield, president, committed suicide. A shortage and frozen assets were blamed for the bank's suspension. Depositors however, are expected to be paid in full.