5045. Minier State Bank (Minier, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 1, 1932*
Location
Minier, Illinois (40.434, -89.313)

Metadata

Model
gpt-5-mini
Short Digest
9faa6989

Response Measures

None

Description

Articles report the Minier State Bank closed in January 1932 and is in receivership (receiver paying dividends in late 1932 and 1933). No article describes a depositor run; bank remained closed and a receiver is paying dividends, so classify as suspension leading to closure/receivership. OCR errors in articles corrected (e.g., 'Minier for State bank' -> 'Minier State Bank'; dates inferred from text).

Events (3)
1. January 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership in January 1932; examiner/receiver appointed to liquidate and pay dividends.
Newspaper Excerpt
This dividend makes total of paid to depositors since the bank closed In January. 1932.
Source
newspapers
2. November 30, 1932 Receivership
Newspaper Excerpt
Minier Bank to Pay Percent Dividend ... The bank's closing ... receiver ... About $50,000 has been collected and payments are made.
Source
newspapers
3. September 4, 1933 Receivership
Newspaper Excerpt
5 Percent Dividend Paid by Minier Bank ... percent dividend were mailed out Saturday depositors of the Minier State bank receiver. This dividend makes total of paid to depositors since the bank closed In January. 1932.
Source
newspapers

Newspaper Articles (2)
1. November 30, 1932 The Pantagraph Bloomington, IL
Article from The Pantagraph, November 30, 1932

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Article Text

Minier Bank to Pay Percent Dividend 10 The dividend of creditors the Minier for State bank has been reported the court making percent of the deposits the last The bank's closing Rhoades. Declarareceiver tion the dividend said been the result the case Erna Imig Otto Graff. relief brought payment amount their stock by the bank had settled. About $50,000 has been collected and ments are made.

2. September 4, 1933 The Pantagraph Bloomington, IL
Article from The Pantagraph, September 4, 1933

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Article Text

5 Percent Dividend Paid by Minier Bank Pantagraph for percent dividend were mailed out Saturday depositors of the Minier State bank receiver. This dividend makes total of paid to depositors since the bank closed In January. 1932. The first dividend was for percent and there were four dividends percent each. Prevlously no dividends for less than were paid but recent order of the auditor directs bank to declare as soon percent available. Sues for Divorce Pantagraph for divorce been filed to the September court by George Anderson, Illinois Central railroad against his Millie Adultis charged. The bill cites they were married 1910 and lived gether until Feb. this year. Academy to Open Pantagraph Central Illinois Elizabeth 708 North Madison will open for its fall term Sept. 18. Miss Daisy prinnow completing the plans for the year's work and hopes have large enrollment when the term opens. in Pontiac Central Illinois Service. Beulah Baker and both of married Saturday ning the Methodist parsonage ficiating attendants Ernest Juvinall and