4947. Kewanee State Savings Bank & Trust Company (Kewanee, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
June 22, 1934
Location
Kewanee, Illinois (41.246, -89.925)

Metadata

Model
gpt-5-mini
Short Digest
23bb9910

Response Measures

None

Description

Articles (June 22, 1934) refer to a receiver (William L. O'Connell) of the Kewanee State Savings Bank & Trust Company and court actions relieving the receiver of trusteeships. No run or suspension action is described in the excerpts, but the presence of a receiver indicates the bank was closed/handled in receivership. Classified as suspension_closure (suspension with receiver assigned, no run mentioned).

Events (1)
1. June 22, 1934 Receivership
Newspaper Excerpt
Receiver William L. O'Connell of the Kewanee State Savings Bank & Trust company was relieved of two trusteeships by Judge L. E. Telleen. O'Connell asked to resign and be permitted to present his final reports in the matter.
Source
newspapers

Newspaper Articles (2)
1. June 21, 1934 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, June 21, 1934

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Article Text

New Trustees to Succeed Bank Receiver (Special to The June William O'Conell of the wanee State Savings Bank and company was relieved trusteeships Judge Leonard Telleen the Henry county circuit court. asked resign and be permitted present his reports. nection the estate of Charles Barney the court appointed and he furnished bonds off for the estate of David Stewart, Judge Telleen appointed Harold Fisher, bond The approved the reports the bank trustee.

2. June 22, 1934 The Daily Times Davenport, IA
Article from The Daily Times, June 22, 1934

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Article Text

Relieve Kewanee Bank Receiver of Two Trusteeships CAMBRIDGE, Ill., June 22. (Special) Receiver William L. O'Connell of the Kewanee State Savings Bank & Trust company was of two trusteeships by Judge L. E. Telleen. O'Connell asked to resign and be permitted to present his final reports in the matter. The first was the estate of Charles Asa Barney where R. Taylor was appointed as the trustee and furnished bonds of $15,000. The second was in the estate of David B. Stewart where Harold Fisher was appointed trustee and bond of $3,000 was furnished. The court approved the final reports of the former trustee. Believed to have once belonged to a galley of the old naval republic of Pisa, a 12-foot anchor was found recently off the coast of Italy near Leghorn.