gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3a9d665ae5d15160
Response Measures
None
Receivership Details
Date receivership started
1929-10-18
OCC cause of failure
Other
Description
Bank closed voluntarily Oct 18 amid local bank failures; later placed in receivership and then recommended to reopen.
Events (8)
1.November 11, 1907Chartered
Source
historical_nic
2.October 18, 1929Receivership
Source
historical_nic
3.October 18, 1929Suspension
Cause
Local Banks
Cause Details
Voluntary suspension due to panic and closures of other local banks and frozen assets in the county.
Newspaper Excerpt
closed voluntarily by its officers on Oct. 18
Source
newspapers
4.November 4, 1929Receivership
Newspaper Excerpt
M. E. Jensen ... was appointed receiver for the First National Bank of Taylorville and the Taylorville National bank. He checked in Monday afternoon and preparing to assume duties in connection with the two banks closed two weeks ago.
Source
newspapers
5.February 1, 1930Reopening
Newspaper Excerpt
It is believed that the bank will be open for business again by the end of the month... recommendation that the Taylorville National bank, closed voluntarily by its officers Oct. 18, be re-opened has been made to the state comptroller of currency by the bank's receiver.
Source
newspapers
6.February 3, 1930Restored To Solvency
Source
historical_nic
7.December 16, 1931Voluntary Liquidation
Source
historical_nic
8.March 19, 1934Receivership
Source
historical_nic
Newspaper Articles (16)
1.October 19, 1929The Saginaw NewsSaginaw, MI
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Article Text
BRINGS BANK
Several Illinois Institutions Close, Leaving One to Stand Brunt.
(By Associated Press.)
Oct. Out of the sky yesterday dropped money bags to bring renewed faith to town and stave bank which would almost run certainly have resulted empty vaults the only bank which mained open. The drone of an airplane motor day was saved that the line of 250 depositors front of the Farmers' National bank need have no fears not getting their Almost like magic the line faded away and another redepositing money they earlier Relief rushed by airplane to the Farmers' bank by Chicago fedreserve officials soon they learned Taylorville's other three banks had been closed. Today bank examiners were scanning the books the three closed banks and banks three others nearby towns. Thus far, cially blamed for the The banks that been closed Colgrove company, State bank, Taylorville National bank and First National bank of Citizens' State bank Turner State banks, both of Edinburg: State bank of Bulpitt.
2.October 19, 1929The St. Louis Star and TimesSt. Louis, MO
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Article Text
TAYLORVILLE MERGERS MAY BAR LOSSES IN CLOSING
Depositors Heartened by RuHalted by Airplane Remittance.
By Staff question minds this today what their prospective losses be of the closing three of the town's four banks. Miners, chants and others stood in front of the banks gazing the typed notices pasted and talking about of regaining their deposits. general opinion seems to be would be some loss depositors, but report that the Taylorville National Bank and the First National Bank merge and reopen heartened most of depositors. was pointed that similar year ago Shelby County, which adjoins Christian County, seven banks and that the banks reopened that reduced the loss of depositors to virtually Chief State Bank Examiner Nicholson, on the scene staff told reporter for The Star his investigation had not far the status of the closed Tried "Ride Out Deflation." Inability the banks collect examiner the loans were made the said that lands 1926 when land farm high that the bankers preferred out the deflation period" that followed rather than foreclose on their mortgages. just business judghe asserted. all. six Christian County banks closed They First all pany Turner Bank Edinburg. Farmers' State State The the first to This was last Friday. run started the after was rumored the wealthiest citizens of Illinois loan John Colgrove, head of the stitution. This and many other rumors were heard today wherever the reporter went. In barber hotels, the chief question much did have Deposits Total $2,900,000. The three Taylorville banks closed deposits Under Illinois, are liable for an amount twice stock. banks section of Christian County The of when Farmers' National here had died down today. $600,000, the bank open here When opened yesterday morning crowd 400 depositors rushed the doors. cried their bank books they pushed shoved line that passed the tellers' cages. Bank employes and shoutfor quiet they dealt out sheafs bank notes to the frantic deposThe was stopped in spectacular Adams, telephoned Springbank in an automobile The money rushed through and heaped in tellers' view of crowd. This, quiet them, Adams telephoned Federal officials Chicago rushed here airplane guarded by federal agents. The plane arrived hour and minutes after money was transferred guarded by deputy sheriffs policemen. the swept front the bank, guards, crowd. and their walked the building and the cages. The quiet two hours dispersed. withdrawn funds them. The Bank and this saved the The bank amount of bonds hand and borrow them. Colegrove attributed the condition bank to frozen assets. He that farm declined that the four of the Peabody Coal only one day during the because of in demand, throwing many men out work.
3.October 19, 1929News-PressFort Myers, FL
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Article Text
Plane Drops Money Bags To Stop Run On Illinois Bank
(By The Associated Press) Out of the sky yesterday dropped money bags to bring renewed faith to a panic stricken town and stave off a bank run which would almost certainly have resulted in empty vaults at the only bank which remained open. The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmers National bank need have no fears of not getting their money. Almost like magic the line faded away and another formed customers redepositing their money they earlier had withdrawn. Relief was rushed by airplane to the Farmers bank by Chicago Federal Reserve officials as soon as they learned that Taylorville's other three banks had been closed. Today bank examiners were scanning the books of the three closed banks and banks in three other nearby towns Thus far. "frozen assets" have been unofficially blamed for the shutdowns. The banks that have been clos ed are: John B. Colegrove and Company, state bank, the Taylor ville National bank, and the First National bank, all of Taylorville the Citizens State bank and the Turner State bank both of Edinburg. and the State Bank of Bulpitt.
BANK
Depositors At Taylorville, III., Grow Wary As Three Other Institutions Close
FROZEN ASSETS BLAMED
Associated Press TAYLORVILLE Ill., Oct. 19. Out of the sky yesterday dropped money bags to bring renewed panic and stave off bank run which would almost certainly have resulted empty vaults at the only bank which remained open. drone of an airplane motor was the signal the day was the 250 itors the National bank no fears of getting their Deposit Money Again Almost like magic line the money they earlier had withdrawn. Relief was rushed by airplane the Farmers bank Chicago federofficials they learned Taylorville's other three banks had Other Books Today ning the the three and nearby Thus sets" been unofficially blamed for the shutdowns. The banks that have been closed John Colegrove state bank, Taylorville National bank and the First National bank, the Citizens State bank and Edinburg, the State Bank of Bulpitt
5.October 19, 1929Palladium-ItemRichmond, IN
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Article Text
Money Is Rushed to Stop Run On Bank in Illinois
III., Oct. the sky money bags bring faith and stave bank which almost certainly resulted empty vaults only bank which mained open. drone of an airplane motor the signal that day saved and that the line of 250 positors front Farmers' tional bank need have no fears getting their Almost like magic the line faded away and another redepositing money they earlier had Relief rushed by airplane to the bank fedofficials they learned that other three banks closed. Today bank examiners were scanning books of the three closed banks banks other neartowns. have been unofficially blamed for the shutdowns. The banks closed John B. Colegrove and company, State bank, Taylorville National First bank, all of Taythe the state banks both of Edinburg, the State bank of Bulpitt.
SMALLER
Gutierrez, Madrid. quart of cow's milk in this bottle, please." that bottle too small for quart will have quart of goat's milk."
PLANE SAVES RUN ON BANK
Money Bags Dropped From Sky For The Depositors the sky yesterday dropped money bags bring renewed faith to panie stricken town and stave off bank run which woud almost certainly resulted in empty vaults at the only bank which remained open.
The drone of an airplane motor was the signal that the day was saved and that the line of 250 depositors in front of the Farmer's National bank need have no fears of not getting the'r Almost like magic the line faded away and another redepositing the money they had Relief was rushed by airplane to the Farmer's bank by Chicago Federal Reserve officials as soon they learned that Taylorsville's other three banks had been closed. Today bank examiners were scanning the books of the three closed banks three other nearby towns. Thus "frozen assets" have been unofficially blamed for the shutdowns. The banks that have been closed are: John B. Colegrove and State bank. The Taylorsville National bank. and the First National bank, all Taylorville; The Citizen's State bank and the Turner State banks both of Edinburg the State Bank of Bulpitt.
7.October 19, 1929The JournalMeriden, CT
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Article Text
MONEY FALLS OUT THE CLOUDS
Panic Is Replaced By Confidence as Plane Drops Cash
Taylorville, III., Oct. of the sky dropped money bags bring renewed faith to panic stricken town and stave off bank run which would almost certainly have resuted empty vaults at the open. The drone airplane motor was the signal that the day was saved and line 250 depositors front of the Farmers' National bank need have fears not getting money. Almost like magic the line faded forme? redepositing the money they earlier had Relief rushed airplane to the Farmers' bank Chicago Federal Reserve officials they learned that other three banks had closed. Today bank examiners were scanning the books of the three closed banks and banks in three others nearby Thus "frozen have been unofficially blamed for the shutdowns. The banks that have been closed John Colegrove state bank; the Taylorville National bank, the First Natinal Taylorville; Citizens' State bank and the Turner State Banks, Edinburg, the State Bank of Bulpitt.
Plane Brings Cash to Stave Off Run on Illinois Bank
By Associated Press. Out of the sky Friday dropped money bags to bring renewed faith panic stricken town and stave off bank run which would almost certainly have resulted in empty vaults at the only which open. The drone of an airplane motor was the signal that was and that the of 250 in front the Farmers National Bank need have fears not getting their no money. Almost like magic the line faded away and another tomers redepositing the money they had withdrawn. Relief rushed by airplane to the Farmers Bank by reofficials they learned that other three banks been Saturday bank examiners were scanning the books the three closed bank banks in three others in nearby Thus far, have been blamed unofficially for the shutdowns. The banks that have been closed are: John Colegrove State Bank, Taylorville National Bank, and the First National Bank, all of Taylorville: the Citizens State Bank the Turner State Banks, both Edinburg, the State Bank of Bulpitt.
9.November 4, 1929Decatur HeraldDecatur, IL
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Article Text
NEBRASKA MAN BANK RECEIVER
M. E. Jensen Checked in, Assumes Duties in Taylorville
Nov. Jensen, Plainview, Neb., Monday was appointed receiver for the First tional Bank of Taylorville and the Taylorville National bank. He checked in Monday afternoon and preparing to assume duties in connection with the two banks closed two weeks ago. Mrs. Jensen declined to make any statement regarding the financial condition of the two banks. Mr. Jenhas had five years' experience National bank receiver.
10.November 5, 1929Herald and ReviewDecatur, IL
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Article Text
RECEIVERS OF THREE BANKS
Two Nationals and One State in Taylorville Are Taken Over
Nov. Jensen, Plainview, Neb., Monday was appointed receiver for the First tional Bank of Taylorville and the Taylorville National bank. He was checked in Monday afternoon and preparing to assume duties connection the two banks closed two weeks ago. Mr. Jensen declined to make any statement regarding the financial condition the two banks. Mr. Jenhas had five years' experience as National bank receiver. Colgrove Bank Receiver Late Monday was announced that Robert G. Early, prominent torney of Geneva, has been appointed receiver the John B. Colgrove state bank here. The Colgrove bank was closed about three weeks ago because of frozen assets. was the first of six banks in Christian county to be closed. Mr. Early is expected here Tuesday to take over management and reorganization of the bank. He has been the state banking department under State Auditor Oscar Nelson for some time.
11.January 11, 1930Decatur Evening HeraldDecatur, IL
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Article Text
Receiver's 0. Expected Soon to Reopen Taylorville National Bank
(Special to The Herald)
TAYLORVILLE, Jan. Recommendation that the Taylorville National bank, closed voluntarily by its officers Oct. 18, be re-opened has been made to the state comptroller of currency by the bank's receiver, it was learned through reliable sources Open by End of Month It is believed that the bank will be open for business again the end of the month. period of ten days probably would have to elapse before the institution could be opened. should eopening be the det of the state comptroller A. when asked were true the had made such recommendation, declined to make definite statement. "Insofai as the matter is of confidential nature at present, am unable to confirm the report," he said, "but hope to be able make definite announcement to the people of Taylorville within two or three days.' Officers
Reopening of the National bank will bring joy to thousands of Taylorville people. It will put back Into circulation some $700,000 on deposit at the time the bank was closed. It also will help materially in the liquidation of the First National bank which was closed the same date. It is understood that new officers for the bank virtually have been agreed upon but their names have yet been made public,
12.January 12, 1930Decatur HeraldDecatur, IL
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Article Text
Receiver's 0. K. Expected Soon to Reopen Taylorville National Bank
(Special to The Herald) TAYLORVILLE, Jan. Recommendation that the Taylorville National bank, closed voluntarily by its officers on Oct. 18, be re-opened has been made to the state comptroller of currency by che bank's receiver, it was learned through reliable sources Saturday. Open by End of Month It is believed that the bank will be open for business again by the end of the month. A period of ten days probably would have to elapse before the institution could be reopened, should reopening be the or der of the state comptroller. W. A. Cutler, receiver, when asked If It were true he had made such recommendation, declined to make a definite statement. "Insofar as the matter is of a confidential nature at present, I am unable to confirm the report," he said, "but I hope to be able to make a definite announcement to the people of Taylorville within two or three days' It is understood that new officers for the bank virtually have been rates are ralsed. More than 9,000 agreed upon but their names have residential phones escape increases. not yet been made public.
13.January 12, 1930Herald and ReviewDecatur, IL
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Article Text
Receiver's 0. K. Expected Soon to Reopen Taylorville National Bank
(Special to The Herald)
TAYLORVILLE, Jan. 11 Recommendation that the Taylorville National bank, closed voluntarily by its officers on Oct. 18, be re-opened has been made to the state comptroller of currency by the bank's receiver, it was learned through reliable sources Saturday. Open by End of Month It is believed that the bank will be open for business again by the rates are raised. More than 9,000 residential phones escape Increases. end of the month. A period of ten days probably would have to elapse before the institution could be reopened, should reopening be the order of the state comptroller. W. A. Cutler, receiver, when asked if it were true he had made such recommendation, declined to make a definite statement. "Insofar as the matter is of a confidential nature at present, I am unable to confirm the report," he said, "but I hope to be able to make a definite announcement to the people of Taylorville within two or three days." It is understood that new officers for the bank virtually have been agreed upon but their names have not yet been made public.
14.January 13, 1930JG-TC: Journal Gazette and Times-CourierMattoon, IL
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Article Text
BANK TO BE REOPENED
Taylorville, Jan. dation that Taylorville National Bank, closed voluntarily by its officers October 18, be has been on made to the state comptroller of currency the bank's receiver, learned through reliable sources Saturday. believed that the bank will for business again by the end open the month.
15.January 13, 1930The Taylorville Daily Breeze CourierTaylorville, IL
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ANOTHER BANK FOR TAYLORVILLE
The definite announcement that the Taylorville National bank is soon to reopen its doors comes as great news to the people of this community. It has been known from the time this bank closed last October that the directors' motive in closing the bank was to protect the depositors from a possible run on the bank that was inevitable because of the failure of other banks to withstand the runs upon them. This bank could not have withstood a run because it carried at that time a large number of loans that it could not immediately turn into cash and there would not have been enough available cash to pay all the depositors that would probably have withdrawn their funds. Few people in the community realize the task the stockholders have had in reorganizing the affairs of this bank in a manner that will be agreeable to the national department of banking.. Before the comptroller of currency will allow an institution of this kind to reopen be must know beyond ail reasonable doubt that it is financially sound enough to operate with absolute safety to all depositors and any notes that the department considers doubtful are removed from the bank's and the loss absorbed by the stockholders through an assess-
16.February 1, 1930Herald and ReviewDecatur, IL
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Taylorville to Reopen
(Special The Herald) Feb. October 18 in the Christian county bank the Taylorville National panic, bank with officers Monday, Cutler, bank exampresident, will Troy Long, of the bank but holds be Shrout formerly president county will head list of urer, Aull, former the Kincaid Trust and Savings Other company Den. Senator bach, Hay, District Walter Provine. ney announced bank's his from Washingopening on submitted the bank's ton, where he bank officials. books to national of the bank The junior personnel will remain the
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