Port Byron State Bank (Port Byron, IL)

Episode Information

Episode UID
70101071599
Episode Type
Suspension โ†’ Reopening
Bank Type
state
Bank ID
7010107 routing
Routing Number
70-1010
Start Date
March 1, 1933*
Location
Port Byron, Illinois (41.606, -90.335)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
30958d3a2f1f3fc5

Response Measures

None

Description

Exact suspension date in 1933 is not specified in the articles.

Events (2)

1. March 1, 1933* Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank seeking depositors' waivers and reduced payments to remain solvent; financial distress led to closing.
Newspaper Excerpt
cash to credit of Sunday school the Port Byron bank at time of closing ... to be paid when opens.
Source
newspapers
2. March 22, 1934 Reopening
Newspaper Excerpt
The Port Byron State Bank of Port Byron, Ill., was granted permission to reopen on an unrestricted basis, State Auditor Edward J. Barrett announced.
Source
newspapers

Newspaper Articles (3)

Article Text

SUPPORT State Bank Takes Steps to Protect Interest of Depositors in the Community. (Special to The Argus) Port Byron, III., Feb. tures of depositors were being sought by the Port Byron State bank today waiver plan designed protect the depositors and enable the bank to remain solvent and continue its service to community. The plan was proposed last night meeting the the high school, and has the following 30 per cent of all deposits to asked; depositors receive certificates payment of amount waived whenfuture recoveries and net earnings and before dividends are paid stockholders. cent discretion of directors. Remaining cent commercial accounts immediately. officials of the bank have obtained approval of the banking department the plan. Sentiment favorable was apparent the meeting, and the conclusion nearly all the 350 depositors present came forward sign the waiver agreement. The remainder the waivers being sought today by while the bank observing the Washington birthday anniversary legal holiday. After March the bank will pay cent interest, instead of on deposits.


Article Text

METHODIST BOARD Average Attendance Raised; Several Recommendations Accepted. Port Aug. of Byron, of Methodist Sunday school was held in the basement of the church Tuesday evening. Fred Davis, gave general report of the work accomplished by the during Average attendance year. year was which percent of the total enrollment of the school. This of three over last year. This also above the 50 percent recommended by the church school conference. absence of Mr. Elnora Lyford, treasurer, Mr. Davis gave an approximate financial report as follows: Total amount paid for supplies, etc., for $108.33 year Christmas treats 1932 Paid for Paid for use of Fairfield gymnasium $3.00. Paid for entry fee of the Sunday school baseball team to softball league $2.00. Paid to missions Cash on hand after bills are paid Cash to credit of Sunday school the Port Byron bank at time of closing Pledge to Sunday school by the Dr. class, in Port Byron bank at time of All bills of the Sunday school date are paid except an approximate amount $14.36 the missions, which included in the the bank, and which be paid when opens. Mr. Davis commended the board for rigid in the face of decreased collections. Special programs were presented by the church school at Christmas time, on Children's day and at Easter. class, the Delta Alphas, was formed,, with Mrs. N. C. Keeley teacher and Eunice Knapp as president. members of the class then organized Sunday school choir. vote thanks extended to Mrs. Robert Wendt. superintendent the for supplies donated during the last year. following recommedations were accepted by the board members: All supplies to be purchased by secretary after and under supervision or party designated by All teachers to give complete list class and, in school, the grade to the superintendent three months beginning October All officers and teachers to be assistants and all be under of officers teachers submit report of their offices to the upon his request. Election of new to take in June, those are office July, to avoid possibility of officers pastor at the same time, beginning The officers of musical director, musical organists, and assistants, both primary adult departments, athletic director, to made pointive the superintendent or party authorized by H. Williams unaminously elected as chairman for the election, to be held Sunday.


Article Text

SAYS AAA FAILS WASHINGTON โ€” Representative Beam of Chicago told the House that efforts of the Agricultural Adjustment Administration had fallen short of achieving prosperity. He said the new deal would never be complete until the producer, the processor, and consumer found common ground. STATE BANK TO OPEN Chicago โ€” The Port Byron State Bank of Port Byron, Ill., was granted permission to reopen on an unrestricted basis, State Auditor Edward J. Barrett announced. The beautiful Blue Danube River of Europe is not blue. It is green before a rain and yellow after. The Colorado river ranks fourth in this country in average flow of water, 101,500 feet per second. The Geneva convention of the International Red Cross adopted the Red Cross emblem in 1864.