Woodhull State Bank (Woodhull, IL)

Episode Information

Episode UID
70098171564
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7009817 routing
Routing Number
70-0981
Start Date
April 3, 1930
Location
Woodhull, Illinois (41.179, -90.316)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c7ee917ff2be3c03

Response Measures

None

Description

Bank closed April 3, 1930 and was placed in receivership; later dividend payments and receiver reports indicate permanent closure.

Events (4)
1. April 3, 1930 Receivership
Newspaper Excerpt
The receiver is A. S. Hamilton.
Source
newspapers
2. April 3, 1930 Suspension
Cause Details
Article states the bank 'closed April 3, 1930' but does not specify a triggering cause; receiver was appointed.
Newspaper Excerpt
The bank closed April 3, 1930.
Source
newspapers
3. May 16, 1932 Other
Newspaper Excerpt
The Woodhull State bank paid 5 per cent... The receiver is A. S. Hamilton.
Source
newspapers
4. January 23, 1934 Other
Newspaper Excerpt
Receiver of the Woodhull State bank yesterday made report for the last quarter year...
Source
newspapers

Newspaper Articles (5)
1. March 21, 1931 The Daily Times Davenport, IA

Article Text

Bank Receiver at Woodhull Is Sued By Shipping Assn. March ceiver of the Woodhull bank. made the defendant in Henry county circuit court brought by the Woodhull whereby collect which through the bank, one day after closed doors. that the bank had no legal right receive amount after had become Attorney E. Stickof Galesburg the ney and Wallace shipping Thompson, also of Galesburg, represented Hamilton. The association shipped cattle 'worth to the Chicago marMarch The took April and the following the Stock Yards National bank sent the money Woodhull Judge Telleen took the under case started yesterday in circuit court this county, when declaration was filed the of Horberg, clerk the court, wherein Dorothea Anderson brings trespass the for against White of Kewanee and Herman Kretschmen of Cook county. alleged that the complainCarl Anderson, unskillfully treated by the Attorneys Brown and Higgs Geneseo Ray Lane represent Mrs Anderson.

2. April 4, 1932 The Rock Island Argus Rock Island, IL

Article Text

Of Gustus' Right to Serve (Special to The Cambridge, Ill., April Gustus, newly pointed treasurer of Henry county, will be granted bond and qualify for the work of county collector, was learned today following telephone conversation with the Chicago bonding house providing the surety. Gustus' bond were started immediately after appointment and he took the office, preparing tax notices for Reports another newspaper that Mr. Gustus would be unable to provide bond in shown by today's developments. Henry county tax notices have been balanced, placed in envelopes and will be ready mail in about week and Mr. Gustus dicated today. The notices were first prepared Feb. but could not mailed because Axel Peterformer treasurer: could not obtain bond collector because county funds tied up in closed Kewanee bank. Mr. Peterson cided to bring about tax collections resigning in the hope that his successor could immediately provide bond. Mr. Peterson's tion given to the board of ervisors meeting March and at the same session Mr. Gustus, supervisor from Lynn township, appointed Filed. Friday afternoon attorneys for Hamilton. receiver of the Woodhull State bank. filed fession action against Gustus and placed notes $2,600 judgment against the appointee. When questioned regarding the tion of the bank receiver, Mr. Gusstated that was surprised he had forgotten the case, considering only personal loan and not connected in any manner his aspiration to the county treasurer's position. According to Mr. Gustus, note was an echo the Daniel Hayes company affairs of Rock Island volved in unsatisfactory real estate transaction. The Jonathan Cook company Chicago has been auditing the county treasurer's books before they were turned over to Mr. Gus- Leonard Moore of Kewanee, wrote application for the Gusbond, stated Saturday afternoon that the new turn affairs would influence issuance of bond to Mr. Gustus. The supervisors now designate depository funds by treasurer and are responsible their safety. Thus, large risk for the bonding company has been removed and they insure practically only the honesty the treasurer. past years the bondcompany has been responsible the actions the treasurer and the depositories of the county funds.

3. May 16, 1932 The Daily Times Davenport, IA

Article Text

Two Banks in Henry And Stark Counties Declare Dividends (Special) Two closed banks of Henry and Stark counties paid dividends over the week-end. The Woodhull State bank paid 5 per cent, or approximately $16,000. Forty per cent had previously been paid by this bank. The receiver is A. S. Hamilton. The bank closed April 3, 1930. second dividend of Scott, Walters & kestraw bank at Wyoming was paid. It amounted to per cent, or approximately $18,000. A per cent dividend, approximately $22,000. had been previously paid. The bank closed Jan. 30, 1931. Carl W. Peterson. former Henry county treasurer, is receiver.

4. May 16, 1932 The Rock Island Argus Rock Island, IL

Article Text

Closed Banks Make Dividend Payments (Special to The Argus.) May closed banks Henry and Stark counties paid over the week-end. The Woodhull State bank paid per cent, approximately $16,000. Forty cent had previously paid by this bank. The receiver Hamilton. The bank closed April 1930. The second dividend Scott. Walters bank oming amounted to four per cent, or approximately per cent dividend, approximately $22,had bank closed Carl Peterson. former treasurer, is receiver.

5. January 23, 1934 The Rock Island Argus Rock Island, IL

Article Text

COLLECTION Woodhull State Dividend Expected Soon; Receipts in Quarter $2,149.96. (Special to The Argus.) Cambridge, III,, Jan. receiver of the WoodState bank, yesterday made report for the last quarter year, total receipts and total disbursements Following is the abstract of the report: Receipts. From rents 44.96 From notes and discounts From interest 250.98 Total this port on hand last report 14,098.50 Total accounted for $16,248.46 Receiver's salary and pense 225.00 Legal attorfees 2,013.97 Clerk and stenographer 100.00 Miscellaneous expenses 98.41 Total to account for Cash hand 17.12 Deposited Galesburg National Bank Trust company $13,793.96 Total cash and deposits $13,811.08