First Trust & Savings Bank (DeKalb, IL)

Episode Information

Episode UID
70026371613
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
7002637 routing
Routing Number
70-0263
Start Date
May 31, 1934
Location
DeKalb, Illinois (41.929, -88.750)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
1c2415584c2c1854

Response Measures

None

Description

Multiple articles identify the bank as in receivership and a receiver executing property deeds in 1935, indicating permanent closure.

Events (3)
1. May 31, 1934 Suspension
Cause
Government Action
Cause Details
Bank is listed as being in receivership by May 31, 1934 (closed by regulator/receiver).
Newspaper Excerpt
First Trust and Savings Bank in De Kalb [receiver], $190,000.
Source
newspapers
2. August 7, 1934 Receivership
Newspaper Excerpt
First Trust and Savings Bank in De Kalb (receiver, $190,000).
Source
newspapers
3. October 25, 1935 Other
Newspaper Excerpt
First Trust & Savings Bank of DeKalb by receiver qcd Myron O. Ellsworth ... $1.
Source
newspapers

Newspaper Articles (5)
1. August 7, 1934 The Times Streator, IL

Article Text

The report showed that loans authorized to banks and other financial institutions at a 4 per cent interest totaled $57,512,410. Other large advances authorized included $41,820,000 for subscription to preferred stocks in banks; $45,000,000 for the Home Owners' Loan Corporation; $5,455,500 for bank debentures; $7,619,576 in loans to drainage and irrigation projects. The balance was for relief and other government purposes. Of the $57,512,410 authorized in loans, $32,698,236 went to banks and trust companies, including $28,615,330 to aid in the reorganization or liquidation of closed institutions, and $22,048,883 to mortgage loan companies. The corporation announced it had authorized loans to Illinois banks which included: First National in Aurora, $310,000; Liberty State Bank in Bloomington (receiver) $82,000; Merchants State Bank in Centralia (receiver), $80,221; First Trust and Savings Bank in DeKalb (receiver, $190,000; Rockford National Bank (receiver), $185,000. None of these authorizations had been drawn upon by May 31, the RFC added. The RFC said it also had authorized the purchase of $50,000 in capital notes or debentures from the

2. August 8, 1934 Chicago Tribune Chicago, IL

Article Text

168 MILLIONS IN MAY Washington, D. C., Aug. 7.—(AP)—The Reconstruction Finance corporation reported today that it authorized advances in May aggregating $168,644,166. The report showed that loans authorized to banks and other financial institutions at 4 per cent interest totaled $57,512,410. Other large advances authorized included $41,820,000 for subscription to preferred stocks in banks, $45,000,000 for the Home Owners' Loan corporation, $5,455,500 for bank debentures, $7,619,576 in loans to drainage and irrigation projects. The balance was for relief and other government purposes. Of the $57,512,410 authorized in loans, $32,698,236 went to banks and trust companies, including $28,615,330 to aid in the reorganization or liquidation of closed institutions, and $22,048,883 to mortgage loan companies. Among some of the larger loans authorized to banks were: North-Western Trust and Savings bank, receiver, Chicago, $2,500,000; West Side Trust and Savings bank, receiver, Chicago, $1,500,000. Loans authorized to other Illinois banks included the First National bank in Aurora, $310,000; Liberty State bank in Bloomington [receiver], $82,000; Merchants State bank in Centralia [receiver], $80,221; First Trust and Savings bank in De Kalb [receiver], $190,000; Rockford National bank [receiver], $185,000. None of these authorizations had been drawn upon by May 31, the RFC added.

3. October 20, 1934 The True Republican Sycamore, IL

Article Text

Richard S. Narva qcd Ludwig H. Narva, lot 3, blk 1, Beckman's Addn, $1. DeKalb Building & Loan Assn. wd Clifford E. Smith, lot 5, blk 1, DeKalb Bldg. and Loan Assn. Sub., $1. Mary Hopkins wd James J. Hopkins, pt lot 3, blk 16, $2,000. David M. Morphy wd Frederick R. Atcheson et al, pt lots 17 and 19, sec 22, $1. E. A. Boardman wd Viola Norrby, lot 12, blk 25, Gilson's Addn, $1. Viola Norrby wd E. A. Boardman et al, lot 12, blk 25, Gilson's Addn, $1. Andrew G. Bradt qcd First Trust & Savings Bank of DeKalb, w 70 ft. e 270 ft. lot 1, blk 1, Normal Park Addn, $1. William L. O'Connell, Receiver First Trust & Savings Bank of DeKalb qcd James B. Livingston et al, w 70 ft., e 270 ft., lot 1, blk 1, Normal Park Addn, $10. Sandwich— Reba K. Armstrong wd Lulu K. Armstrong, lot 1, blk 1, Davis 3rd Addn, and lot 1, blk 15, Davis 2nd Addn, $1. Carl Lindvall wd Farmers Trust & Savings Bank by Receiver, pt w½ lot 3, blk 3, Stinson's Addn, $10. Franklin— Charles W. Ferguson qcd George J. Weber, pt nw¼ sec 19, $1. Somonauk— William G. Beveridge qcd Felix Dolder, pt blk 8, $1. Kingston— George R. Picken wd Frank C. Patten, pt lot 3, blk 4, Chapman's Addn, $1. Squaw Grove— Christian N. Skau heirs wd Ray A. Skau, pt sec 12 and 13, $10. In County Court. Estates of— Hattie A. Johnson. Order entered for refund of inheritance tax. Kittie H. Daley. Proof of notice to creditors made. William McCartney. Inventory approved. claims. Proof of heirship Alice C. Pond. Order ering no inheritance tax. Charles F. Sweetland. report approved. Roy M. Beitel. Report real estate approved. Louisa N. Ledoyt. H claim of Jacob J. Burkh continued to Oct. 22nd. Maude H. Broughton. claim of Federal Land B Louis continued. Elizabeth Walker. Fi approved, estate declared executor discharged. Catherine Coleman. Jus account approved. Anna Nyberg. Invento ed. Catherine Duffy. Final proved, estate declared administrator discharged Thomas H. Maynard. approved. Order entere of stock. Stephen Arl. Current proved. Augusta Nelson. Clai Sycamore Tribune allow Magnus Lindstrom. Cl erson Bros. continued to James J. Dolan. Pro ship made. Louis E. Peck. Will d ed. Elizabeth Peck app ecutrix and letters issue praisers. First Monday ber for claims. Proof made. George Oliver Warre entered for private sale property. Raymond C. Sellers. Allen Wig continued. D. D. Plank. Claim o mer allowed. George E. Clarke. Wi bated. William A. Clar thur O. Drake appointe and letters issued. Townsend, Theopolis D and Frank Willis appoint ers. First Monday in D claims.

4. October 25, 1935 The Daily Chronicle De Kalb, IL

Article Text

Real Estate Transfers DE KALB: Carrie Holderness wd Mary Donnelly, lot 10, blk. 9, Taylor's addn. $1. Sarah L. Duckworth wd Evard Johnson, et al, lot 6, blk. 6, Hunt's addn. $1. First Trust & Savings Bank of DeKalb by receiver qcd Myron O. Ellsworth, et al, lot 1 and N 1-2 lot 2, blk. 4, Lewis Huntley's addn. $1. Joseph F. Fagan qcd Andrew A. Hall, et al, 2-3 lot D, blk. 7, W. L. Ellwood's addn. $1. SYCAMORE: Edwin Listy wd William Listy, et al, 1-2 pt. SE 1-4 sec. 11 and 1-2 pt. NE 1-4 sec. 14. $10. William B. Faissler qcd Daisy Sorenson, et al, lots 11 and 12, blk. 8 and lot 4, blk. 13 and lot 2, blk. 14, Turner addn. $10. William B. Faissler qcd E. B. Sorenson, lot 15, blk. 8, Turner addn. $10. Ellen M. Doyle heirs qcd H. A. Harvell, lot 4, blk. 1, Boies second addn. $1. Edith Barnes by master deed Frank Barnes et al, lot 2 and S 1-2 lot 3, blk. 2, Loomis 3rd addn. Thomas M. Cliffe wd William Bodeen, lot 8, blk. 29. $1800. FRANKLIN: Chicago Joint Stock Land Bank by receiver deed John MacQueen, SW 1-4 SE 1-4 sec. 20. $2500. SOMONAUK: Edward F. Hoban, Catholic Bishop wd John D. Lobdell, pt. lot 8, $50. Rebecca Rhoades qcd Mary Simpson, lots 7 and 8, blk. 30. $1. SQUAW GROVE: Lillian D. Schmidt wd C. W. Rimsnider, W 1-2 lot 3 and E 1-2 lot 4, blk. 1, Wagner & Miller's second addn. Village of Hinckley. $1. CORTLAND: Edward M. Burst deed Frank L. Middleton, et al, pt. sec. 23 and 24.

5. October 25, 1935 The Daily Chronicle De Kalb, IL

Article Text

DE KALB: Carrie Holderness wd Mary Donnelly, lot 10, blk. 9, Taylor's addn. $1. Sarah L. Duckworth wd Evard Johnson, et al, lot 6, blk. 6, Hunt's addn. $1. First Trust & Savings Bank of DeKalb by receiver qcd Myron O. Ellsworth, et al, lot 1 and N 1-2 lot 2, blk. 4, Lewis Huntley's addn. $1. Joseph F. Fagan qcd Andrew A. Hall, et al, 2-3 lot D, blk. 7, W. L. Ellwood's addn. $1. SYCAMORE: Edwin Listy wd William Listy, et al, 1-2 pt. SE 1-4 sec. 11 and 1-2 pt. NE 1-4 sec. 14. $10. William B. Faissler qcd Daisy Sorenson, et al, lots 11 and 12, blk. 8 and lot 4, blk. 13 and lot 2, blk. 14, Turner addn. $10. William B. Faissler qcd E. B. Sorenson, lot 15, blk. 8, Turner addn. $10. Ellen M. Doyle heirs qcd H. A. Harvell, lot 4, blk. 1, Boies second addn. $1. Edith Barnes by master deed Frank Barnes et al, lot 2 and S 1-2 lot 3, blk. 2, Loomis 3rd addn. Thomas M. Cliffe wd William Bodeen, lot 8, blk. 29. $1800. FRANKLIN: Chicago Joint Stock Land Bank by receiver deed John MacQueen, SW 1-4 SE 1-4 sec. 20. $2500. SOMONAUK: Edward F. Hoban, Catholic Bishop wd John D. Lobdell, pt. lot 8, $50. Rebecca Rhoades qcd Mary Simpson, lots 7 and 8, blk. 30. $1. SQUAW GROVE: Lillian D. Schmidt wd C. W. Rimsnider, W 1-2 lot 3 and E 1-2 lot 4, blk. 1, Wagner & Miller's second addn. Village of Hinckley. $1. CORTLAND: Edward M. Burst deed Frank L. Middleton, et al, pt. sec. 23 and 24.