Farmers State Bank (Flanagan, IL)

Episode Information

Episode UID
70129971564
Episode Type
Suspension β†’ Closure
Bank Type
state
Bank ID
7012997 routing
Routing Number
70-1299
Start Date
April 1, 1930*
Location
Flanagan, Illinois (40.878, -88.861)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
46b2010d532d4182

Response Measures

None

Description

Bank was closed by its board and placed in receivership; later dividends paid during liquidation.

Events (3)

1. April 1, 1930* Receivership
Newspaper Excerpt
Paul Hahn was checked in last Saturday as receiver for that bank by R. Drennen, representative of State Auditor Oscar Nelson. ... now in possession of the bank and its affairs
Source
newspapers
2. April 1, 1930* Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors closed the bank for readjustment and placed it in the hands of a receiver
Newspaper Excerpt
Paul Hahn, formerly cashier of the Farmer's State bank at Flanagan which recently closed its doors at the order of its board of directors
Source
newspapers
3. February 25, 1932 Other
Newspaper Excerpt
Paul Hahn, receiver for the Farmers' State Bank of Flanagan, has announced his fifth dividend since the bank was closed and placed in the hands of the receiver. The fifth dividend will consist of five per cent, making total of 45 per cent to be paid to depositors thus far.
Source
newspapers

Newspaper Articles (5)

Article from The Pantagraph, April 6, 1930

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Article Text

Mr. Greenebaum has already fur nished his bond which has proved by the state auditor's fice and will at once begin the task of untangling the affairs of the Cornell bank. Mr. Drennan said that Friday he checked in Weston Essington of Streator, as receiver for the Peo ple's Trust and Savings bank. of that city. The Streator bank closed its doors several weeks ago. Paul Hahn, formerly cashier of the Farmer's State bank at Flanagan which recently closed its doors at the order of its board of directors, Saturday checked in ceiver for that bank by Mr. Drennan. meeting of the depositors bank officials of the Flanagan held several ago Mr unanimously agreed upon as receiver of the bank The res olution adopted the meeting rec. ommending Mr. Hahn as receiver communicated the state auditor's office and Saturday Mr. Drennan completed the formalities turning over Mr. Hahn the task of liquidating the affairs of bank


Article from The Fairbury Blade, April 11, 1930

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PONTIAC BANKER NAMED CORNELL BANK RECEIVER J. C. Greenebaum, well known banker of Pontiac, being member of the Illinois State Savings bank of that city, which institution is receiver for the Claudon bank of this city, has been named by State Auditor of Public/ Accounts Oscar Nelson, as receiven for the Farmers State Savings bank of Cornell. This bank closed its doors recenly by order of the board of directors, they stating that the action was done for the purpose of readjustment. Mr. Drennen, a representative of the state auditors office, was in Pontiac last Saturday afternoon for the purpose of checking Mr. Greenebaum in as receiver. Mr. Drennen stated that the appointment of Mr. Greenebaum came as an individual and that the Illinois State Savings bank, of which Mr. Greenebaum is vice presi- dent and cashier. is in no manner connected with the receivership. Mr. Greenebaum has already furnished his bond, which as been approved by the state auditor's office. and will at once begin the task of untangling the affairs of the Cornell bank. Mr. Drennen stated that last Friday he checked in J. Weston Essington, of Streator, as receiver for the People's Trust & Savings bank of that city. The Streator bank closed its doors several weeks ago. Paul Hahn, formerly cashier of the Farmers State bank of Flanagan, which recently closed its doors at the order of its board of directors, was checked in last Saturday as receiver for that bank by R. Drennen, representative of State Auditor Oscar Nelson. At meeting of the depositors and bank officials of the Flanagan bank held several weeks ago Mr. Hahn was


Article from The Pantagraph, April 27, 1930

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BANDIT PAIR ROBS HOTEL $188 Taken From Proprietor and Guest at Minonk. (Special The Pantagraph.) MINONK, April armed bandits obtained $188 in holdup the Hotel Woodford here early Sunday morning. doltaken from Oliver Littlejohn the proprietor, $150 from Woods of Chicago, guest the hotel. Neither of the two men wore masks. They away and were followed short way by Mr. Littlejohn who later gave up the chase Both middle-aged men. Both Mr Littlejohn and Mr. Woods had diamond rings and valuable watches but they were not taken. Petition Filed gan Bank Receiver (Special The Pantagraph.) Sought. LINCOLN. April for letters administration in the tate of the late Mrs. Ada Matlock filed in the county court (Special to The Pantagraph.) Friday listing property valued PONTIAC, April bill was $11,800. filed in the circuit court Friday which the confirmation Paul Hahn as for the Farmer's State bank Flanagan asked. The bill further states that the reserves were and erroneous and do correctly reflect the true value; that there was an timated loss that there were classed as desperate amounting to $20,000: that on Feb. an effort was made consolidate the Farmer's State bank with the Flanagan State bank but failed. Possess Bank Now. The bill says directors of the bank then decided close the institution and that Paul Hahn was pointed receiver under bond of 000 and now in possession of the bank and its affairs The court was asked to approve the appointment Mr. Hahn as receiver and that he be directed to deliver to the owners of the lock boxes their contents; sell and dispose all property and real estate of the bank. Stockholders Listed. The stockholders of the bank listed the bill and who are made parties the action given follows: Bamber, R. Locker. C. D. Saxton. Minnie Abels, Teda Aden, Albrecht, Cannon. Fred B. Capen, A Carstens, H. Cohn. M Gerig. Peter Gerig. Ralph Goodile, Greenewald Paul Hahn. John Hansen. Frank Heibult, Horrie, Ingrey. H Jensen, Koopman, Fred Krutzner. W Linneman. Leah Litchfield, Viola LitchW. Lee Mounds, Annie Norman, Henry O'Brien, Parker, Dell Rich. Richardson, Lorenz Schneider Joe Schultheis, Amos Stuckey, EH Stuckey, Henry Stucky, Della Thompson, W. Twist. W. E. Van Doren, John Vissering, Jennie Wadsworth. Ben Fred Workley, Noah Yordy, Walter Zehr and Joel Zimmerman.


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Chewing Gum Heiress -See Dr. Seright for spectacles. Frank Knoll made a trip to Secor last Wednesday to see his father. He was accompanied by Albert King. The date for the Ford county fair at Melvin this year has been set for September 8-10. Mr. and Mrs. A. G. Walter were guests at a party at the home of Mr. and Mrs. Joe Leiser at Cullom last Friday night. Nine ladies from town were invited to a quilting bee at the home of Mrs. Floyd Hevener near Piper City one day last week. The ladies also partook of a sumptuous noon day meal which was the big feature of the day. Paul Hahn, receiver for the Farmers' State Bank of Flanagan, has announced his fifth dividend since the bank was closed and placed in the hands of the receiver. The fifth dividend will consist of five per cent, making total of 45 per cent to be paid to depositors thus far. Two robbers entered the Burns & Voight garage at Ashkum at 2:30 Thursday morning, February 11, forced Frank Voight, the proprietor, to open the safe, from which they obtained about $17. and then made their escape in John Phillips' Ford sedan. Before making their getaway, the bandits securely bound the proprietor and cut the telephone wires. Miss Helena Aaron went to Strawn Saturday to attend the funeral of her sister-in-law, Mrs. George Aaron, on Sunday. Miss Bernice Kratz had charge of the library in Miss Aaron's absence. Miss Belle Marr's condition has not changed much the past week. Her condition is still considered critical on account of her age. She is reported to rally at times only to lapse into coma state. The Arthur Cording family who moved from the farm to their residence property near the village park for the winter, have moved back to the farm. Addis Gard and family moved from the Grotevant property to the Cording property Saturday. John Gelmer, Jr., who has been bookkeeper at the Baldwin garage for the past eight years and secretary of the Baldwin Chevrolet Company, Incorporated, since its organization, relinquished his duties Saturday evening Mr. Gelmer had not decided on his future activities when seen by a Plaindealer reporter but was considering another business proposition. Mrs. A. J. Sneyd, who is still in Louisville, Kentucky, writes that her daughter-in-law, Mrs. Leo A. Sneyd, was taken to her home in Louisville from hospital Monday While she is still very weak, Mrs. Sneyd is making favorable progress in her recovery from an extremely critical illness. Edward Cooney, clerk of the local camp of Modern Woodmen of America, has delivered to Mrs. Perkins, in person, as beneficiary of her late husband, Ora J. PΓ©rkins, a check for $1,000 in payment of the insurance certificate held in the society of the deceased. Mr. Perkins was a member of the society for 24 years, 3 months and 1 day, and during that period his assessments totaled $198.60. The Standard school, district No. 243, observed the Washington bicentennial anniversary with a good program Monday. The forenoon program, under the direction of the teacher, Miss Leona Martis, included two short plays written by the pupils. The first, by the seventh and eighth grades, was "The First Flag"; the second, produced by the lower grades was entitled "Cutting Down a Cherry Tree." Recitations and songs were also part of the program. For afternoon entertainment the teacher and eleven pupils marched to the Nick Nimbler home and there listened to radio programs given in honor of Washington. Mrs. Nimbler surprised the guests with a generous service of cherries and cake. Mr. and Mrs. F. W. Kaiser were Chicago viistors Monday. Marion Gray, of Pekin, was visiting with relatives here the fore part of this week. Miss Floy Hooker, of Chicago, was a week-end guest of Miss Kate Kohler. James Hollywood, of Kankakee, visited his grandmother, Mrs. John Mauritzen, here this week. Mr. and Mrs. John Boughton motored to Gridley last Sunday and were the guests of the former's sister, Mrs. Ben Alexander, and family The school children of Chatsworth heard the Washington memorial programs Monday forenoon. Both the high school and the grade chool were supplied with 11-tube radios by K. R. Porterfield. -Three new $150 Philco Musical Instruments will be given away absolutely free in this state. For information read the ad on page 3 of this Plaindealer. L. J. Haberkorn, J. Lester Haberkorn, Karl Denton and L. B. Worman motored to Monticello, Ind., on Tuesday to hear Governor Murray speak. Mr. and Mrs. Joe Grotevant, of Pontiac, visited in Chatsworth the first of the week. They are making arrangements to move into their dwelling here about the first of March. Roy Herron, brother-in-law of G. F. and R. E. Bennett, was injured in an automobile accident at LaFayette, Ind., Saturday. Full particulars are not available, but it is understood that Mr. Herron sustained skull injuries and only regained consciousness after being taken to a hospital. His mother, who lives in Piper City, was summoned to his bedside and has not returned home. Mrs. Ora Perkins, with her family, moved into the residence known as the Edo Gerdes place just west of town a few days ago. Since moving Mrs. Perkins has been confined to her bed with the flu. Improvement is reported this morning. Mrs. Margaret Lawless and her son, Will, have both been ill at the former's home in Chatsworth. Miss Margaret Lawless, nurse, came down from Chicago to care for her mother and brother. The news this morning is that both are making favorable progress in their recovery. T. F. Reilly who was transferred from Fairbury to Chatsworth the first of the year as local manager of the C. I. P. S., will be transferred soon to Paxton, where he will again take up the work of salesman for the company. Mr. Reilly's successor is expected to be Watseka man whose name was not available this forenoon. NORMAL MEN IN ACCIDENT While journeying to Chatsworth Friday forenoon from Normal, Arthur Pearson and M. A. Brown, both of Normal, were in an automobile wreck about 11 miles west of Sibley on Route 165. Neither man was hurt badly but the car received some damage. Mr. Pearson was driving Mr. Brown's large car. When they pulled over to pass another vehicle on the pavement something went wrong with the steering gear and the driver was unable to control the car. It ran into ditch beside the road and turned over. John Wilson and son were coming to Chatsworth and witnessed the accident They hurried to the scene of the accident expecting to find the occupants killed. However, Mr. Pearson stuck his head out of the door and the Wilsons and others assisted in righting the car. Both men received some bumps on the head and few scratches. Mr. Pearson was former resident of Chatsworth vicinity and Mr. Brown owns a farm southwest of Chatsworth. Mr. Wilson lived on one of the Staddard farms east of Chatsworth and is moving to a farm near Colfax. ANOTHER ENTERS RACE Livingston county Republicans will have at least two candidates for the state legislature. Clair E. Kohler, Chatsworth supervisor and Calistus A. Bruer, Pontiac farmer and a former representative, have filed their petitions. Fred E. Bestold, of Lacon, will also be a candidate. Chas. Turner, of Wenona, and Mr. Bestold, both from Marshall county are the Republican at present, together with Michael Fahy, also of Marshall county. Mr. Turner had not entered the race at last accounts for re-election, but Mr. Fahy will have opposition for the Democratic nominattion. VILLAGE ELECTION DUE SOON The terms of several village officers will expire this spring and their successors will be chosen at the annual April election. The terms of William Baldwin, John Feely and Charles Roberts as trustees terminate May 1st. Mrs. Kathryn Bork, as village clerk; and Dr. W. T. Bell and Mrs. Harriet Linn, as library trustees expire at the same time. GUESTS AT MASONIC PARTY Among the out of town people who attended the Washington bicentennial party Monday evening were Mr. and Mrs. H. W. McCulloch, daughter, Mary, and son, Walter.. and Miss Solliday, of Pontiac; Mr. and Mrs. Arthur Pearson, Misses Ruth Lillis and Pauline Pearson and Mr. and Mrs. Fisher, of Normal; Mr. and Mrs. W. D. Lewis and two children and L. E. King, of Forrest: Mrs. Frank Bennett, of Normal; Mr. and Mrs. Edward Blumenschein and son, Russell, of Chicago. ATTENDED CHICAGO FUNERAL Mr. and Mrs. A. A. Raboin were called to Chicago Wednesday to at tend the funeral services for Robert Barnett, a brother-in-law. Mr. Barnett's home was in Oxford. Kansas, but he was former resident of Kankakee and Chicago, where his parents are buried. He was a veteran of the Spanish American war and had been ill for some time. He died in Kansas Saturday. Mrs. Barnett is a sister of Mr. Raboin.


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AT THE COUNTY (Pontiac Daily Leader) In the Probate Court Estate of H. Allen and John Hodgson, have filed Steidinger, appraisers, with the court which their report has been approved. State's Attorney Reports The state's attorney filed his The report showed term report. $325.45 collected the sum of which amount he turned over to the county treasurer. Probate Matters Endres and John Clarence Thorndyke, administrators of the estate of Ellen Frieden, deceased, their bond in the sum have filed which has been approvof ed by the court. Bank Receiver Reports The report of Paul Hahn, ceiver the Farmers State Bank of Flanagan, that period between Sept. 30, 1933, and Dec. 31, approved by Judge 1933, was Thompson. Petit Jurors Called The judge entered an order directing the petit jurors drawn for service some weeks ago to report for jury service Monday, January 29. The trial of cases arranged on the criminal docket will be heard at that time. Foreclosure Proceedings Referred The judge referred two foreclosure actions to Master in ChanKerr for evidence and Neil those of conclusions. They were V. O'Hern and others Charles against W. K. Smith, and the ForBuilding and Loan association Cora M. Lane and others. against Would Foreclose Mortgage The John Hancock Mutual Life filed suit in Insurance company foreclosure against Martin ChristThe action is orson and others. foreclose $10,000 brought to The land affected is mortgage. described as lot one of the northwest quarter of the northwest quarter of section three and the of section four northwest quarter in Esmen township. Nolled Two Indictments Attorney R. M. Niven, State's in appearing before Judge Clyde Thompson in the circuit court Tuesday forenoon, nolled the inreturned against Lordictments Brill and John Balmer, charglarceny, and that against with John Nolan, charged with forThe indictment against gery. Brill and John P. Balmer Lorean were nolled because the complainwitness could not be found.