Peoples State Bank (Stockton, IL)

Episode Information

Episode UID
70083471595
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7008347 routing
Routing Number
70-0834
Start Date
November 7, 1932
Location
Stockton, Illinois (42.350, -90.007)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
266043258fb7dced

Response Measures

None

Description

No newspaper mentions a depositor run; articles document creditor meeting and subsequent receivership/legal actions.

Events (4)

1. November 7, 1932 Other
Newspaper Excerpt
A meeting of the creditors of the People's State Bank of Stockton was held at the Stockton opera house on Monday afternoon, Nov. 7. The purpose of the meeting was to talk over the banking situation, with a view of improving conditions for the depositors and the stockholders.
Source
newspapers
2. June 1, 1933 Receivership
Newspaper Excerpt
Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler. total fees and salary to date.
Source
newspapers
3. June 1, 1933 Suspension
Cause
Government Action
Cause Details
Bank is listed as being in receivership with Jas. C. Fesler as receiver in June 1933.
Newspaper Excerpt
Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler.
Source
newspapers
4. December 19, 1935 Receivership
Newspaper Excerpt
Action seeking judgment of $2,500 has been filed in circuit court on behalf of William L. O'Connell, receiver of the People's State Bank, Stockton
Source
newspapers

Newspaper Articles (3)

Article Text

MAY NOT HAVE A BANK RECEIVER A meeting of the creditors of the People's State Bank of Stockton was held at the Stockton opera house on Monday afternoon, Nov. 7. The purpose of the meeting was to talk over the banking situation, with a view of improving conditions for the depositors and the stockholders. An effort is being made to liquidate the bank without the expense


Article Text

Sand Burs Fos. have been Interesting figures week which light this brought to of liquidthat the procedure show to the is quite costly bank ating community; and also quite producwho have an opportive to those tunity of partaking of the same. The figures given below are taken from Saturday's issue of the Rockford Daily Journal, and give in our territory instances of banks been in receivers have where charge. State Bank. Receiver, Hanover John C. McKenzie, total fees and $750.00. Attorney to date salary Tear, Galena, receiver, Harry for fees not yet amount of attorney's decided. Leaf River State Bank Receiver, Geo. B. Banning, total fees and Attorsalary to date, D. D. Madden, for receiver, ney Rockford, amount of attorney's fees not decided. yet Lyndon First State Bank. Receiver, Glenn Craddock, total fees and salary to date $1,450.00. AtJohn A Riorfor receiver, torney dan, Morrison, total attorney's fees date, $800.00. to State Milledgeville. Shumway Bank. Receiver, W. R. Clough, total fees and salary to date, $2,554.73. Attorney for receiver, Chas. E. Stuart, Mt. Carroll, amount of attorney's fees not yet decided. Elizabeth Exchange Bank. Receiver, L. C. Lundgren, total fees and to date, $1,446.00. Attorney salary for receiver, Louis A. Nack, Galena, total attorney's fees to date $646.25. (Louis A. Nack member of the District Democratic Executive Committee, supporting Mr. Shaw's campaign). Forreston. Comm. State Bank. Receiver, H. H. Baldwin, total fees and salary to date, $350.00. Attorney for receiver. Seyster Fearer, Oregon, amount of afterney's fees not yet decided. Franklin Grove. Citizens State Bank. Receiver, U. Weyant, total fees and salary to date $3.316.07. Attorney for receiver, Geo. Dixon, Dixon, partial attorney's fees to date, $500.00. Fulton. Whiteside County State Bank. Receiver. John C. Kadyk. total fees and salary to date $6.616.48. Attorney for receiver, A. M. Blodgett, Fulton, total attorney's fees to date. $6,747.65. Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison. total attorney's fees to date, Orangeville. State Bank of Orangeville. Receiver. Wilbur P. Cooper, total fees and salary to date. $2,672.60. Attorney for receiver. Louis H. Burreli, Freeport. amount of attorney's fees not yet decided. Polo State Bank. Receiver, W. T. total fees and salary to Schell, datefi $1,820.00. Attorney for receiver. Harry Typer. Polo. total attorney's fees to date. $732.00. Prophetstown. Citizens State Bank of Prophetstown. Receiver. Paul total fees and D. Carlson. to date, $2,100.00. for receiver. John Stager. Sterling. total attorney's fees to date. $1,180.00. Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler. total fees and salary to date. for receiver. Attorney Democratic ComLouis A. Nack, of Galena,


Article Text

Action seeking judgment of $2,500 has been filed in circuit court on behalf of William L. O'Connell, receiver of the People's State Bank, Stockton, and against W. H. and Hattie Bates.