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MONROE CENTER STATE BANK FAILS TO State examiners took charge of the affairs of the Monroe Center State bank Friday after the institufailed to open for business morning. Officers of the bank Frank Hildebrand, vice president; and HowEychaner, cashier.
AGAINST THREE BANKS AUTHORIZED BY SECRETARY OF STATE Edward Barrett, state auditor, announces that he has authorized payments depositors' claims against three closed banks in Ogle county totaling more than The three banks, each of which has been authorized per cent are The Peoples Loan Trust at Rocompany, chelle, the Rochelle Trust and Savings bank, and the Monroe Center State bank. The largest of the payments which amounts to $36,245.71, at the Rochelle Trust and Savings bank. This brings the total amount paid to per cent, 24 per has been paid this bank previously. The dividend at the People's Loan and Trust of Rochelle, company, amounts bringing the total to 25 cent. At the Monroe per Center State bank dividend amounts to bringing the total paid at that bank also to 25 These payments, Mr. Barrett said, be paid out. to the depositors about June 8th. William the receiver for all three of the banks, and McDonald is the receiver. Mr. Barrett also announced that another bank in this territory, the Farmers State bank of Pecatonica, Winnebago county, will pay dividend, amouunting to bringing the total dividends bank to cent. per dend at Pecatonica was paid about May 26th. Mr. O'Connell also of bank and the deputy