Farmers Bank - Hooppole, IL

Episode Information

Episode UID: 70172771532
Episode Type: Suspension → Closure
Bank Type: private
Bank ID: 7017277 routing
Routing Number: 70-1727
Start Date: August 16, 1927
Location: Hooppole, Illinois (41.522, -89.910)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: 790768d5e8d5dba3

Response Measures

None

Events (2)

1. August 16, 1927 Receivership

Newspaper Excerpt: Jacob Bennison of Kewanee ... has been appointed receiver for the closed Farmers' bank of Hooppole.
Source: newspapers

2. August 16, 1927 Suspension

Cause: Government Action
Cause Details: Depositors selected a receiver and state auditor approved; bank was closed and receiver named.
Newspaper Excerpt: has been appointed receiver for the closed Farmers' bank of Hooppole.
Source: newspapers

Newspaper Articles (1)

1. August 16, 1927 The Dispatch Moline, IL

Article from The Dispatch, August 16, 1927

Click image to open full size in new tab

Article Text

HOOPPOLE BANK RECEIVER NAMED Jacob Bennison of Kewanee to Take Charge of Farmers'-Institution. Dispatch Special Service Geneseo, Aug. 16.—Jacob Bennison of Kewanee, former president of the Kewanee Union State Savings Bank and Trust company, has been appointed receiver for the closed Farmers' bank of Hooppole. Mr. Bennison's attorney is Jacob Kantlin of Rock Falls. Depositors of the bank were allowed to select the receiver, and their choice, Mr. Bennison, was approved by the state auditor. Depositors of the Annawan Farmers' bank, closed at the same time as the Hooppole institution, held a meeting last evening but no action was reported.

Episode Information

Metadata

Response Measures

Events (2)

Newspaper Articles (1)

Article Text

Bank runs are almost always and everywhere a deterioration of bank fundamentals.

Flag Article for Review

Flag Episode for Review