Farmers State Bank (New Windsor, IL)

Episode Information

Episode UID
70186371592
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7018637 routing
Routing Number
70-1863
Start Date
August 1, 1932*
Location
New Windsor, Illinois (41.202, -90.442)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
c20f9f86bc37838d

Response Measures

None

Description

Bank was closed and placed in receivership in 1932; later liquidation/dividend payments were made.

Events (3)
1. August 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank closed in Aug. 1932 and placed in receivership by authorities; payments suspended
Newspaper Excerpt
The dividend the first paid the bank since closed Aug. 1932
Source
newspapers
2. September 9, 1932 Receivership
Newspaper Excerpt
This bank was placed in the hands of the receiver Sept. 9, 1932. Receipts totaling $12,283.66 and expenditures amounting to $9,740.82 were reported in the first quarterly report of E. R. Petrie, receiver for the Farmers State bank of New Windsor.
Source
newspapers
3. September 19, 1934 Other
Newspaper Excerpt
Institution's Depositors to Receive 10 Per Cent Payment: First Made Since Closing. A ten per cent dividend to depositors of the closed Farmers State bank New Windsor has been approved by Mercer county circuit court. The dividend the first paid the bank since closed Aug. 1932, and amounts to ... 841 depositors who share the dividend.
Source
newspapers

Newspaper Articles (4)
1. February 16, 1933 The Daily Times Davenport, IA

Article Text

NEW WINDSOR BANK RECEIVER'S REPORT FILED IN MERCER ALEDO, III., Feb. 16.-(Special) Receipts totaling $12,283 66 and expenditures amounting to $9.740.82 were reported in the first quarterly report of E. R. Petrie, receiver for the Farmers State bank of New Windsor. This bank was placed in the hands of the receiver Sept. 9, 1932. Receipts listed include notes and discounts, $4,227.44; overdrafts, cash items, etc., $6,898.53; interest, $1,137.17, and rent, $20.52. Expenditures are listed as follows: Preferred claims, $208.66; receiver's salary and expenses, $450; legal expense and attorney fees, $46.70; clerk and stenographic hire, $433; other miscellaneous $810.88, and to bills payable, $7,566.58. A balance on hand of $2,542.84, most of which is deposited with a Chicago trust company, was reported. The report was filed in Mercer county circuit court. through the New England states, and last summer he was on an extended trip to the Virgin Isles. He is in Cleveland, O., at present, and will be in Texas for three weeks in March. Want Ads get roomers.

2. October 4, 1933 The Muscatine Journal Muscatine, IA

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.

3. February 7, 1934 The Rock Island Argus Rock Island, IL

Article Text

BANK RECEIVER FILES REPORTS Quarterly Statements of Receipts and Expenditures Approved by Judge. (Special to The Argus.) Aledo, III., Feb. 7.-Quarterly statements of the Farmers State bank of North Henderson, the Farmers State bank of New Windsor, Farmers State bank of Burgess, the Farmers State bank Preemption and Citizens State bank of Keithsburg have been filed in Mercer county circuit court Aledo by Deputy Receiver Connors, acting for William O'Connell, receiver. The statements follow: BANK NORTH HENDER- discounts Total this report FARMERS STATE OF Notes and items, Total Receiver's report STATE BANK OF Receipts. hand date accounted attorney this report Balance receiver STATE BANK OF Notes discounts Interest receipts hand last Total Balance receiver Receipts. premiums. and Overdrafts, cash items, hand report Receiver's hire Other Deposited Chicago

4. September 19, 1934 The Rock Island Argus Rock Island, IL

Article Text

ORDER Institution's Depositors to Receive 10 Per Cent Payment: First Made Since Closing. (Special to The Argus.) Aledo, Sept. of per cent dividend depositors the closed Farmers State bank New Windsor has been approved Mercer county circuit court. The checks are being prepared for payment, which is expected be made within the next week, according statement issued day William The dividend the first paid the bank since closed Aug. 1932, and amounts to Preferred claims amounting to will paid. There 841 depositors who share the dividend.