Citizens State Bank (Watseka, IL)

Episode Information

Episode UID
70057471585
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7005747 routing
Routing Number
70-0574
Start Date
January 1, 1932*
Location
Watseka, Illinois (40.776, -87.736)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
3519eb466acb6de2

Response Measures

None

Description

Date in first article given only as 'Jan.' so precise day unknown; OCR minor errors corrected.

Events (2)
1. January 1, 1932* Receivership
Newspaper Excerpt
Meents Appointed Bank Receiver ... Meents has been appointed receiver for the Citizens State bank of Watseka ... Mr. Meents will open offices for settling accounts due the bank, adjusting claims.
Source
newspapers
2. November 1, 1935 Other
Newspaper Excerpt
Watseka, Ill., Nov. 1.—Sidney W. Ring, deputy receiver for seven Iroquois county banks ... has acted as deputy ... for the Citizens' State Bank, Watseka, the latter place being his headquarters.
Source
newspapers

Newspaper Articles (2)
1. February 4, 1932 The Paxton Record Paxton, IL

Article Text

Meents Appointed Bank Receiver Watseka, Jan. Meents, has for the Citizens State bank of Watseka by Oscar auditor Mr. Meents will affairs shape that opened to the public for settling accounts due bank adjusting claims. All having claims against the bank are notified present the receiver make legal proof of All persons to the bank to make immediate payment to receiver.

2. November 7, 1935 The Paxton Record Paxton, IL

Article Text

Bank Receiver to Leave for Job in Canada Watseka, Ill., Nov. 1.—Sidney W. Ring, deputy receiver for seven Iroquois county banks for the past two years, will leave soon for Montreal, Canada, where he has a position. Mr. Ring has acted as deputy under William O'Connell, Chicago, for two Sheldon banks, the Woodland bank, LaHogue bank, Claytonville and Gilman State and Savings Bank and the Citizens' State Bank, Watseka, the latter place being his headquarters. Harold C. Geiger, deputy receiver for the two Donovan banks and one at Clifton and Ashkum, will take over the receivership of the Sheldon banks, the Woodland bank and the Citizens' State, Watseka, making eight banks in all. S. D. Sturdevant, deputy receiver for some time of the Loda, Cissna Park banks and one at Rankin, will act as receiver for the LaHogue, Claytonville and Gilman banks, making a total of six in that group.