First Trust & Savings Bank (Sterling, IL)

Episode Information

Episode UID
70030071599
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
7003007 routing
Routing Number
70-0300
Start Date
March 1, 1933*
Location
Sterling, Illinois (41.789, -89.696)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
9e8c76510b61f1c3

Response Measures

None

Description

The bank was in receivership by October 1933; its receiver was retained while others in the county were consolidated under him.

Events (2)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
The bank was closed and in the hands of a receiver by late 1933, likely following the March 1933 banking holiday.
Newspaper Excerpt
all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign
Source
newspapers
2. October 19, 1933 Receivership
Newspaper Excerpt
Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to [resign]
Source
newspapers

Newspaper Articles (2)
1. October 19, 1933 The Dispatch Moline, IL

Article Text

Five Whiteside County Men Get Letters from State Official. Prophetstown, Oct. all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign in sent to them this week Ray Drennan, auditor charge of working from the of the state auditor of public accounts. The receivers Paul Carlson, Citizens' State bank Prophetstown. Albert Brown, Tampico State bank. Glenn Craddock, Lyndon State bank. McCall. Morrison State bank. John Kadyk, Whiteside CounState bank at Fulton. The letter received Mr. Carlwhich derstood to similar to those sent the other men, that the object of the request to consolidate receiverships the county der man. that Carlresignation become effective October tomorrow. Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to preparation rooms, and public system large crowds, when all can not be seated.

2. January 9, 1934 The Dispatch Moline, IL

Article Text

NE¼ NW¼ NW¼ NE¼ and part NE¼ NE½ section 2, Genesee township, $10. R. A. Norrish to W. C. Stilson et al, wd to part lot 5, Knox's sub., and 1 block 9, Knox's add. Morrison, $2400. First Trust and Savings Bank receiver to John V. Conboy, tr. qcd to part sections 27 and 34, Lyndon township 1. D. L. and J. W. Martin estate to J. P. Williams, tr. deed to part NW¼ Section 28, Coloma township, $200. First Sterling National bank to Ray Greene, qcd to lot 4, block 4, Summitt place, Sterling. Frank Kelly to Chicago Joint Stock Land bank, Rec., wd to SW¼ SE¼ E½ SW¼ section 7, Hahnaman township $1. Mabel I. Peterson to Harry G. Miller, et al. wd. to lot block 2, D. P. C. Sterling, $1. Harry G. Miller et al to Mabel I. Peterson wd to same, $1. Glen E. Brooks to Mary Bellows, et al, wd to part lot 3, block 52, W. B. Sterling, $100. William Mahl estate to F. J. Hemminger, exc. deed to lot 9, block 7, Summitt place, Sterling, $105. George L. Slaymaker to E. M. Simmons wd to SE¼, SE¼, section 14, Newton township, $1.