State Bank (New Boston, IL)

Episode Information

Episode UID
70148671606
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7014867 routing
Routing Number
70-1486
Start Date
October 4, 1933
Location
New Boston, Illinois (41.170, -90.997)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
d87efb336f0eeae9

Response Measures

None

Description

OCR errors in Article 1 corrected (minor typos in names and places).

Events (3)

1. October 4, 1933 Receivership
Newspaper Excerpt
Closed state banks which are in receivership, with liquidation under one organization ... the New Boston bank State bank ... William O'Connell of Chicago will be the receiver in charge.
Source
newspapers
2. October 4, 1933 Suspension
Cause
Government Action
Cause Details
Placed in receivership and liquidation under state receiver; consolidated administration through Aledo State Bank receiver
Newspaper Excerpt
Closed state banks which affected by new order ... the New Boston bank State bank
Source
newspapers
3. September 11, 1935 Other
Newspaper Excerpt
Receivership offices for 11 closed Mercer county banks are being transferred from Aledo to Moline ... State Bank of New Boston listed among receiverships
Source
newspapers

Newspaper Articles (2)

Article Text

State Banks County Merged Banks in Receivership in MerCounty Will Be Liquidated. Aledo all closed state banks which are in receivership, with liquidation under one organization, was announced Tuesday through the state auditor, Edward Under the plan, all business will be handled through closed Aledo State bank, which will used county headquarters, with Conners, former for the Citizens State bank of Keithsburg, in charge as 'deputy ceiver. William O'Connell of Chicago will be the receiver in charge. Stuart Boultinghouse of Aledo has been named as county field of the ceiver. For the present some of the present bank receivers will to assist in organization work. Closed state banks which affected by new order the Aledo State bank, the State bank, the farmers State of Burgess, the New Boston bank State bank, Farmers State bank North Henderson, the bank of Windsor in New the Farmers State bank in New Windsor, the Sherrard State bank State bank, the the Preemption Farmers bank of Preemption the Farmers bank of Reynolds. The order effective at once of bringing the records and work Aledo has already been started. Mr. Conners, the deputy receiver, former state bank examiner been receiver of the and has bank Keithsburg for closed in three years. Boultinghouse, who associated with him, member of the firm and sons of Aledo.


Article Text

ALEDO WORK OF BANK RECEIVER TO BE SHIFTED Offices for 11 Closed Mercer Institutions Will Be Moved to Moline. Receivership offices for 11 closed Mercer county banks are being transferred from Aledo to Moline, J. M. Connors, deputy receiver in charge of Rock Island and Mercer counties, announced today. The receivership offices will be combined with those of Rock Island county in the Fifth Avenue bank building, 1611 Fifth avenue, Moline, Mr. Connors announced in behalf of William L. O'Connell, receiver for all closed Illinois state banks. The bank receiverships in Mercer are those of Aledo State bank of Aledo, Farmers State bank of Burgess, Citizens State bank of Keithsburg, Matherville State bank of Matherville, State Bank of New Boston, Bank of New Windsor, Farmers State bank of Windsor, Farmers Bank of North Henderson, Farmers State bank of Preemption, Preemption State bank of Preemption, Farmers State bank of Reynolds. Mr. Connors said consolidation will make possible considerable reduction of personnel and thus result in savings in the administration of the receiverships. The Mercer county banks have been under the jurisdiction of Mr. Connors for some time, making necessary numerous trips to Aledo which will be eliminated by the new arrangement. Elmer Smith and G. S. Greer, who have been in charge of the Aledo office, will be transferred to Moline and other employes of the Aledo office will be dismissed, it was said.