First Carroll County State Bank (Mount Carroll, IL)

Episode Information

Episode UID
70068471599
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7006847 routing
Routing Number
70-0684
Start Date
March 1, 1933*
Location
Mount Carroll, Illinois (42.095, -89.978)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ca6bad0cecbd8a25

Response Measures

None

Description

Articles state the bank has been closed since the March holiday and later are handling receiver dividend payments.

Events (3)
1. March 1, 1933* Suspension
Cause
Government Action
Cause Details
Closed since the March 1933 banking holiday/moratorium
Newspaper Excerpt
Officials the Carroll County State Bank, which has been closed since the March holiday,
Source
newspapers
2. August 3, 1933 Other
Newspaper Excerpt
First National Bank has agreed lend ... percent the liquid assets of the First Carroll County State bank ... to make 15 per cent dividend payment to depositors agreeing to use the money for purchase of stock in the new bank which being organized Mt. Carroll.
Source
newspapers
3. October 5, 1934 Receivership
Newspaper Excerpt
Distribution of ... checks ... as hundreds of persons flocked to receive dividend checks from the closed First Carroll County State bank. The receiver is making an initial dividend payment of per cent.
Source
newspapers

Newspaper Articles (3)
1. August 3, 1933 The Thomson Review Thomson, IL

Article Text

As Championship Form CHICAGO BANK AGREES TO GIVE CARROLL BANK POSITORS LOAN OF 15 CENT was made Carroll Saturday that First tional Bank has agreed lend percent the liquid assets of the First Carroll County State bank. This will be money paid percent dividend who agree the monto pay for stock the new bank which being organized Mt. Carroll. Officials the Carroll County State Bank, which has been closed since the March holiday, have plied to the Finance Corporation for loan, and representative of the expected Carroll soon. Three hundred the 500 shares the new bank have been sold. FARM AND STERLING ALL WIN SUNDAY GAMES INDIAN HEAD LEAGUE The Standings Fulton Savanna Bureau Sterling Shannon Thomson .300 Lanark Leaders the Indian Head leagretained their positions, Sunday, Fulton showing championship form the Whiteside boys the lowly Lanark Blues by Savanna took from Mt. Carroll; farm bureau had little trouble feating and and Sterlhard pressed eke over Lanark Pushed Lower Cellar The Lanark Blue Sox before the offensive fensive power the league Fultonites Sunday, and had take to beating most manner. seven rally first inning started the with the winners scoring the first six frames. Seven along with 18 hits garnered by Fulton, them the gave dozen and five Fulton 732 421 Lanark Shear and Wilkins; Cole and Garland. Savanna Just Manages Win five rally the eighth ninth made possible few solid and couple bobbles by the lads county seat the Brewers victory over the Mt. Carroll Cubs Savanna Sunday. The winners took the lead in the first three nings, only to have Mt. Carroll out front with three run batting spree the fifth and two affair in the sixth The Savandefense tightened then, and the county-seat another across the platter. Score by innings: Savanna Carroll Summary: Home runs, Adams, King. Three base Two hits, Reed, Bashaw, Hanna. Strautz. Stolen base, King, Grimm. Passed balls, Bashaw Wild pitch, Schaut. Struck out, by Ginie Schaut Bases balls off OR Cchaut Winning pitcher, Ginie. Losing pitcher Schaut Umpires, Crouse and McGrath. Time of game, 2:05. Eighth Wins for Sterling The Shannon entry the Indian Head league enjoyed comfortable lead on their diamond until the eights inning staged the Sterling when the dus. had cleared front The engineered the their balf the 8th fell and the game ended and county team the short Sterling. and Johnson led The Shannon and mier. the registering three Erdmier. Shanmon 001 Shannon Batteries: Thomson took one run lead the second inning were unable hold for long the Sunday, heavy hitting Farm Bureau taking an victory when the game was over. The boys from the melon village played ball most the time. the slugging Farm Bureau players were much handle, and the winners poked out 14 solid smacks. Manager Ware and his boys turned on full power the fifth, sixth and seventh, seven the eight runs. B. Ab Hawkins Royer Kensinger ef 2b 3b Goble 1b Weymeier 1b Sturtevant Rahn Ware Rahn Leavens Totals Holland 2b Lewis Tousley Hartman Groharing Brown Ores 1b Totals Score by innings: 020 Summary: Two base Royer. Leavens. Stolen base. Hawkins Struck out by Rahn Leavens Leavens Brown Winning pitcher Losing pitcher. Brown.

2. August 10, 1933 The Pearl City News Pearl City, IL

Article Text

VICINITY NEWS Dixon barbers have voted retain to 35 cent hair cuts. A Stockton man's stolen car was Tuesday night at the Carnival in Freeport. Congressman Leo Allen has been asked to speak at Forreston Sauerkraut Day, September 14th. Sixty sanatorium patients at the Rockford municipal institution have been sent home as an economy measure. Davis too will seek federal aid to carry out public improvements such as new town hall, reservoir and Main Street paving. A 14 year old Freeport youth who alleged to have been involved in numerous petty thefts was sentenced to the St. Charles reformatory when arraigned before County Judge Laughlin. Reports of the melon crop around Savanna and Thomson are not SO encouraging this week. The melon blight is doing considerable damage. A association has been formed including the Savanna, Thomson and Fulton areas; 1000 acres being represented. At Galena, the school board and the book store proprietors are at swords points over the sale of text books. For several years the board has been selling the school children their books at cost. A state law forbids more than 15 percent profiit on new school books and the dealers there had been charging 20 percent. John Acker 63 of Savanna, state representative serving his fifth term from the twelfth senatorial district, passed away suddenly at his home from heart trouble. He had not been ill prior to his demise. Mr. Acker introduced several good road bills among which was Route 80 from Hanover to Savanna. Mrs. Acker was of Mrs. Margaret Rose Rush, formerly of Poarl City. Revenue derived from the licensing of beer taverns and stores in rural districts outside of Freeport had netted Stephenson county approximately $800 last week. Licenses will expire Jan with full year licenses being issued starting the first of the year, the revenue next year will be greater than that received this year. The money is diverted to, the general fund and is used for operation of the various units of county government. Rockford man Norman Fjelsted aged 30 and his wife aged 28 were drowned in Rock River early Sunday morning near Byron leaving children and orphans. They left ckford late Saturday night for camp nearByron and got boat with Rockford companion. Fjelsted gan rocking the boat though his wife became alarmed and asked him to desist. Soon all three were in the water and the third party swam to shallow water. All three had been out of work and were getting city relief. The first Carroll county state bank will receive 15 per cent loan on the liquid assets of the bank from the First National bank in Chicago, according to an announcement made by the committee working on the organization of this new bank in Mount Carroll to replace the First State bank which has been closed since the moratorium. The amount March which the Chicago bank has agreed to lend be used to make 15 per cent dividend payment to depositors agreeing to use the money for purchase of stock in the new bank, cording to present plans. Considering everything, this vicinity is very fortunately situated. Our threshing their small farmers are coming in, and from reports grain out from 20 to 60 oats are turning of the little bushels acre. Reports per wheat raised around here that it has has been fair done well; barley crop. No devasting storms have visited this vicinity, and the hot weather as it has has not affected us other places from the fact that we have had frequent rains. In the far burning up; in Northwest crops the and Central part of the the small grain crop, pastures state, brown. Those and corn are turning traveled over these areas who have like desert. Our that it looks say fine and barring is coming corn crop frost, Northern or an early storms have almost bumper Illinois should This with advancing of corn. crop better times should spell some prices immediate section. for this

3. October 5, 1934 Freeport Journal-Standard Freeport, IL

Article Text

BUSINESS BOOMS AT MT. CARROLL THOUSANDS OF DOLLARS PAID TO DEPOSITORS OF CLOSED STATE BANK CASH IS IMMEDIATELY PLACED IN CIRCULATION Distribution of Corn-Hog Checks Also Started-Merehants Report Upward Swing of Buying Mt. Carroll, III., Oct. Mt. Carroll took on festive mood here Thursday as hundreds OR persons flocked to receive dividen checks from the closed First Carroll County State bank. The receiver is making an initial dividend payment of per cent. Corn hog officials also started on Thursday to distribute first payment checks under the program Streets in the business district were crowded all day with parked cars as were many side streets near the business district. Merchants reported an immediate noticeable change in business as the checks were handed out, reports of old bills being paid In full were numerous. Many purchases, long contemplated but never fullfilled because of Jack of ready cash were made with the dividend checks. New Accounts Are Opened Several guards were on duty all day at the bank to protect patrons who cashed their checks at the windows of the new Mt. Carroll National bank The new bank reported that 0 large number of persons stopped at the windows and opened accounts with their checks thereby indicating their confidence in the new organization. Local merchants enjoyed a good business today and contemplate more Saturday since there are still hundreds of checks to be called for Many persons wishing to avoid the rush of the first days will probably not call for their checks until next week. Officials of the receiver's office pointed out that depositors who did not file claims prior to the payment must do 60 before they are given their check. A pass book or certificate of deposit must be presented when the claim is filed. Depositors who have field claims need only to ask for their checks. Anticipates Record Corn Yield Honors for producing the best field corn in Carroll county apparently have gone to Adam Heinze, Fair Haven supervisor who resides south of Mt. Carroll. Mr. Heinze has a 44 acre stand of hi-bred corn which is the envy of every corn producer in the county Farm Adviser M. P. Roske estimates that the field will yield 80 bushels to the acre. Mr. Heinze stated Thursday that over 100 interested persons have visited his farm this fall to view the field. One prize stalk was discovered by owner which has seven fine, well developed ears attached to it. A1though naturally proud of the stand, Mr. Heinze cannot help but wonder what the field would have been like if we had had normal rains during the past summer.