gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6bba05adc4fc7e1a
Response Measures
None
Events (3)
1.December 29, 1927Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank was insolvent when it closed; prosecutors later tried former officials for accepting deposits after insolvency.
Newspaper Excerpt
the bank closed its doors on December 29, 1927
Source
newspapers
2.January 1, 1928*Receivership
Newspaper Excerpt
he appointed receiver in 1928, and his disposition of bank property since that time (receiver quoted).
Source
newspapers
3.May 3, 1928Other
Newspaper Excerpt
writ of attachment in favor of the defunct Illinois Trust and Savings Bank of Champaign to satisfy $21,500 note (receivers seized promoter's truck).
Source
newspapers
Newspaper Articles (12)
1.May 3, 1928Kansas City JournalKansas City, MO
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Article Text
PYLE'S $25,000 AUTO HOME TAKEN BY ATTACHMENT
May Charles ("Cash") Pyle, entrepeneur of the bunion derby, his palatial "home on wheels" today. After deputy sheriffs had followed him for several days to serve attachment favor of the defunct Illinois Trust and Savings bank of Champaign satisfy $21,500 which the bank's receivers Pyle puty finally located him at Elwood, near here, today and took the truck. Receivers of the bank the note given by Pyle without three years The truck, weighing twelve tons has been the home the Pacific coast, the tinental runners. $25,000 and is equipped berths, kitchennette, baths, refrigeration and everything found in the home.
2.May 3, 1928Great Falls TribuneGreat Falls, MT
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Deputy Sheriffs Attach $25,000 Auto in Which Pyle Followed Marathoners
JOLIET. May Charles Pyle, entrepeneur bunion derby, lost his palatial "home wheels" After deputy sheriffs had followed him for several to serve writ attachment favor of the defunct Illinois Trust and Savings bank Champaign satisfy which the bank's receivers Pyle owes them. deputy finally located him Elwood. near here, Wednesday and took the truck. Receivers of the bank said the note given by Pyle without security three years The truck, weighing 12 tons, been the home Pyle and since leaving the Pacific coast, March with the and equipped with berths, kitchenet, shower baths, electrical refrigeration and everything found in the modern home.
3.May 3, 1928Tampa Bay TimesSt. Petersburg, FL
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Article Text
PYLE LOSES PALATIAL "HOME ON WHEELS"
Charles "Cash" Pyle. promoter of the trans-continental bunion derby. lost his palatial "home on wheels" today After deputy sheriffs had followed him for several days to serve writ of attachment in favor of the defunct Illinois Trust and Savings Bank of Champaign to satisfy $21,500 note, which the bank's receiver said Pyle owes them. deputy finally located him at Elwood, near here, today and the truck Receivers of the bank said the note was given by Pyle without security three years ago.
4.May 3, 1928Altoona TribuneAltoona, PA
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Article Text
PALATIAL TRUCK HOME IS SEIZED TO SATISFY NOTE the continental his palatial wheels deputy sheriffs had followed him for several days in favor of the defunct Illinois Trust and Savings Champaign to satisfy 000 note, which bank's receivers said deputy ally near here, and the truck. of the the note was given Pyle without security years The weighing tons, has been the home of and his folPacific March with the and refrigeration found in the modern The barrk's receivers said they had attachment also against Harold Grange, university Illonois and of aides, for $21.502, satisfy note said he gave the bank without
5.May 3, 1928The Daily IlliniUrbana, IL
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Article Text
SHERIFFS TRUCK BY
Charles Pyle, the bunion derby, lost palatial "home on wheels" today. After several deputy sheriffs had followed him for to several days attachment in favor Illinois Trust and Savings bank of Champaign $21,500 note, which receivers said them. deputy finally located him Joliet, today, and took truck.
"Receivers of the bank said note given by without years truck, weighing tons, been the home of and lowers since the Pacific March with the transcontinental runners. cost and equipped with kitchenette, baths, electrical and everything found the modern home. Ed Gardner, William Kerr, Umek, John Cronick, Saskatoon, Sask: Perrella,
6.May 3, 1928The Enid Morning NewsEnid, OK
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PALACE ON WHEELS OF RACE PROMOTER SEIZED BY OFFICERS
May Charles promoter of lost his palatial on After deputy sheriffs had followed him to of attachment in the defunct Illinois Trust and Savings bank Champaign satisfy note, which the bank's said deputy finally located him Elwood. near here, today and took the truck. Receivers of the bank said the given by without security, three The truck weighing tons, has been the home and his followers since the Pacific March with the transcontinental runners. cost $25.and equipped with kitchenette. shower baths. electrirefrigeration and everything found in the modern home.
7.May 3, 1928The Morning PressSanta Barbara, CA
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Article Text
Cash & Carry' Loses Home on Wheels
JOLIET May Charles "Cash" Pyle, enterpeneur of the trans-continental bunion lost his palatial "home on derby. wheels" today After deputy sheriffs had followed him for several days to serve writ of attachment in favor of the defunct Illinois Trust and Savings bank of Champaign to satisfy $21,500 note, which the bank's receivers said Pyle owes them. deputy finaly located him at Elwood. near here, today and took the truck Receivers of the bank said the note was given by Pyle without security three years age the local college said last night that applications of several experienced men are being considered to fill the out-going coach's place
8.June 19, 1928Dixon Evening TelegraphDixon, IL
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Article Text
Pyle and Grange in Bank Receivers' Suit New York, June C. Pyle, professional athletic promoter, and his assistant. Harold (Red) Grange were named today in two judgments totaling more than $37,000 filed by George R. McComb. receiver for the Illinois Trust & Savings Bank McComb's attorney said the judgments represented money obtained by Pyle and Grange at the Champaign bank on notes and were made effective here due to the presence of the defendants in connection with the "bunion derby". recently completed. Whether the money was used in the financing of the transcontinental foot race was not known. The judgments were for $16,792 against Pyle and for $20,481 against Grange.
9.February 19, 1930The Daily IlliniUrbana, IL
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M'COMB STAND HOURS RELATING CONDITION OF BANK
Receiver Quizzed on Affairs of Defunct Illinois Trust when Closed, Activities Since Closing
Answering questions put him concerning the receivership of the Illinois Trust and Savings bank of Champaign. George McComb spoke for about seven hours from the witness chair of the circuit court yesterday. During this time he was quizzed by Carson, attorney for Edwin Filson and Harry McNevin, former officers of the defunct bank trial accused of accepting deposits after they knew that the bank insolvent. McComb continued to relate the story which he started three days ago concerning the state of affairs of the bank which he found when he appointed receiver in 1928, and his disposition of bank property since that time. The fense has been seeking to prove that there were number of assets which were not carried as assets on the bank's books Introduce Additional Notes Attorney spent most of the day in exposing number of coupon notes on city property and few notes on property which the ceiver did not testify to when questioned Senator William Acton, special prosecutor for the state Transactions of McComb the three Lillie Johnston farms were again rehashed during the ernoon to find out how yaluable the farms now to the bank. The witness testified that mortgage of due on March 1934, is held by the Aetna Life Insurance party on the 240 acré tract of the Johnston property, which was sold by me. On the acre farm there first mortgage of $16,000 which due on November 1933 The mortgage on the 99 acre tract under mortage of $9,900 which will due November 1933. Received $10,000 Fees During the morning session torney Carson questioned the upon the salary which he has been paid since he assumed control bank. McComb stated that he had received $10,000 for his during the past two years. Filson and McNevin have spent $17,500 attorney fees since they were first involved in litigation in April, 1928, was pointed cut. Five witnesses for the state appeared before the court and in brief statements that they owed unpaid notes to the bank at the time the bank closed and were still unable to pay them. Admit Indebtedness
Wakely, Champaign, stated that he was in debt to the bank for $670. but that he held property the present time which could be sold to satisfy the note. M Mitchell declared that he was now in bankruptcy and therefore unable pay the $2,194 which he borrowed. Cummings admitted an unpaid note of $200 and John Waite also stated that he had never repaid $250 loan. E. H. Frison, Champaign, declared that he did not know whether had ever paid any money on $550 note which he made, because he had several notes against him the bank closed its doors on December 29. 1927, and he didn't remember which he had paid. Today's session will open at o'clock this morning with continuation of the cross-examination McComb by Attorney Carson and his associates.
10.February 21, 1930Herald and ReviewDecatur, IL
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CHAMPAIGN BANKERS EACH FINED $46.921 ON INSOLVENCY COUNT
Feb. Filson and Harry McNevin, former officials the closed Illinois Trust and Savings bank of Champaign, fined each Thursday charges accepting deposits after their bank had been declared solvent. The two pleaded guilty to 13 the charges and were convicted by jury in the circuit court of Champaign county on the 14th. The pleas guilty entered while the jury deliberating the 14th case. The fine, imposed immediately by Circuit Court Judge James Baldwin Decatur, mandatory by state totalling twice the amount of the deposits involved.
11.March 23, 1930The Daily IlliniUrbana, IL
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COUNTY'S DEPOSITS NOT ON PREFERRED LIST, JUDGE RULES
Must Take Share of RemainAssets along with Common Depositors; Filson, McNevin Backed county officials lost suits against the Urbana Banking company yesterday when Judge Baldwin ruled that public moneys could not legally preferred before that of common depositors bank's remaining assets are divided up. Judge Baldwin also balked an effort. made by Edwin Filson and Harry McNevin, imprisoned officials the Illinois Trust and Savings bank of Champaign to leave the county jail under the paupers' act. County Clerk Hess, Circuit Clerk Blaine, and State's Attorney Cline have attempted to get the Decatur jurist to allow them retrieve the public moneys which were in the bank when failed last October The small depositors have bitterly opposed this action. "The preference suggested would not be equitable,' ruled the court, and the suits were dismissed. The suit of the Urbana school board was not dealt with so readily, however, and the case was continued until April The board, represented by Col. N. A. Riley, is asking for preference on the $100,000 it had invested in the bank
Sen. William Acton, special prosecutor of. the Illinois Trust and Savngs bank case, applied to the court "or writ execution against MeNevin and Filson. The duo have fines of $41,000 each standing against them. and they wished to force Sheriff Shoaf to try to collect hese amounts. If the sheriff finds that they have no money or property, he must release them as paupers.
Judge Baldwin's action prevented the sheriff from trying collect the fines, so the two ex-bankers will remain in the local jail for another three months at least.
12.October 28, 1932Chicago TribuneChicago, IL
Article Text
BANK RECEIVER $20,278 FROM GRANGE
Process seeking last night to up captain of the Bears football garnishment filed the Suof perior court. Attorney Gale filed the out of judg ment for obtained by the for the defunct Illinois Trust and Savings of Champaign, III Grange his former manager, C. C. Pyle, large sums of money from the bank before it closed to promote Pyle's enterprises, which the Derbies the York Yankees football were tained on notes. In to Grange, the garnishment is Chicago Bears club, for which he plays football, Collegiate World Curtis Publishing company, Arnold Brothers Publishing company for he and one Frank Zambreno.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
