gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a5a1a24edf45bd42
Response Measures
None
Events (3)
1.July 7, 1933Suspension
Cause
Government Action
Cause Details
State Auditor took charge and closed the bank for examination and adjustment under state authority
Newspaper Excerpt
The office of State Auditor Bartook active charge the affairs the State Bank ... closed for examination and adjustment
Source
newspapers
2.March 23, 1934Receivership
Newspaper Excerpt
A loan $100,000 to the State Bank of Palatine was proved by the court ... officials of the bank receiver's office send dividend checks out depositors within 30 days. The RFC has already approved the loan, ... Palatine State Bank must be payed. Preferred claims and costs ... the remainder will be deposited among the bank's depositors.
Source
newspapers
3.January 18, 1935Other
Newspaper Excerpt
A receiver's office to handle business of the State Bank of Palatine locally has been established ... J. T. Stephens, receiver's representative, will be in charge.
Source
newspapers
Newspaper Articles (14)
1.July 14, 1933The Daily HeraldChicago, IL
Article Text
State Institution Closed for Examination and AdFri., July 7th justment
The office of State Auditor Bartook active charge the affairs the State Bank and justment. While the step taken that office customary toward proceedhope ultimate reopening institution expressed its officers directors. Officials institution could have worked harder the requirements the state department, since general moratorium. Stockholdbanking depositors have cooperated deposit waivers which signing from fifty to one hundranged Public taxing bodies per cent. have also passed the ends. People with same surplus funds have offered cash to the bank reopen. We help derstand that there over $25,000 trust collected for that purpose. the present time. no definite statement made. the bank closed. money in trust be likewise cancelled. Palatine needs bank and every citizen man hopes that the bank can reopened at this date. There chance means that efforts must be put forth, they to succeed.
2.July 14, 1933The Daily HeraldChicago, IL
Article Text
State Institution Closed for Examination and Adjustment Fri., July
The office of State Auditor Bartook over active charge the affairs the State Bank of PalaJuly examination and While the taken that office customary start receivership proceedings, hope for ultimate reopening institution expressed officers and could have worked harder meet the the state banksince have cooperated and been the waivers which signing deposit hundranged Public taxing bodies also passed ward ends. People with surplus funds offered help the bank to reopen. derstand that there $25,000 trust collected for that At present time, no definite statement made. the can bank definitely closed, money trust be returned and will likewise cancelled. Palatine needs bank and every citizen business man hopes that bank can reopened date. There still chance that additionmeans efforts be put forth, they succeed.
3.July 14, 1933The Daily HeraldChicago, IL
Article Text
State Closed for and Adjustment Fri., July 7th
The office of State Auditor Bartook charge the the State Bank Palaand the step taken that office proceedhope for ultimate reopening still expressed officers and Officials of have to meet the the state bankdepartment, since the Stockholdcooperated and have been generous the which from hundtaxing bodies the ends. People funds offered the bank We help reopen. trust collected for that purpose. At the present definite made. the bank closed. money the be and waivPalatine needs bank and every citizen man hopes that the bank can be date. There but means that efforts must be put forth, if they to succeed.
4.July 14, 1933The Daily HeraldChicago, IL
Article Text
State Closed for and Adjustment Fri., July 7th
The office of State Auditor Bartook active charge the affairs of the State Bank Palatine July and justment. While the step taken that office customary start toward receivership proceedhope ultimate reopening institution expressed its officers directors. Officials banking could worked harder meet the requirements the state bankdepartment, since general banking moratorium. Stockholddepositors have cooperated and have been the generous deposit waivers which signing fifty to hundranged Public taxing bodies per cent. have also passed resolutions toward the ends. People with same surplus funds have offered cash bank to We reopen. derstand that there over $25,000 in trust collected that purpose. At present time, no definite statement made. the bank closed. money trust be will be cancelled. Palatine needs bank every citizen and business man hopes that bank can reopened this late date. There chance means efforts must put forth, they to succeed. are
5.March 23, 1934The Daily HeraldChicago, IL
Article Text
Court Approves Of By RFC To Palatine Bank
A loan $100,000 to the State Bank of Palatine was proved by the court Friday officials of the bank receiver's office send dividend checks out depositors within 30 days. The RFC has already approved the loan, and other formalities necessary getting the cash should be com. pleted soon. The bank will actually $60,000 as former from the RFC to the State Bank Palatine must be payed. Preferred claims and costs back the but the mainder of the will deposited among the bank's positors.
6.July 20, 1934The Daily HeraldChicago, IL
Article Text
Collector Receives Taxes From Bank Receiver was good news for the treasurers the various Palatine taxing bodies when they received checks from Heims who collector of the 1931 taxes, their share of the tax money of that that deposit in the Palatine State Bank the the The total amount involved was After the appointment of the receiver, Heims once filed preferred claim, which was not allowed until after the matter had been heard courts. Henry Harz, the lage attorney, acted the terests the collector and the taxing bodies.
7.July 20, 1934The Daily HeraldChicago, IL
Article Text
Collector Receives Taxes Bank Receiver was good news for the treasurers the various Palataxing bodies when received checks from Heims who collector of the 1931 taxes, for their share the undivided tax money that that deposit the Palatine State Bank at the time moratorium. total amount involved was appointment the receiver, Heims filed preferred claim, which was not allowed until after the matter had been heard courts. Henry Harz, the lage attorney, acted the terests collector and the taxing
8.July 20, 1934The Daily HeraldChicago, IL
Article Text
1931 Collector Receives Taxes From Bank Receiver was good news for the treasurers various taxing bodies when received checks from who was collector of the taxes, their share tax money of that that was deposit in Palatine State Bank the time the moratorium. The amount involved After the appointment of receiver, Heims once filed claim, which allowed after the had been heard the courts. Henry Harz, the lage acted the interests of the collector and the taxing bodies.
9.August 10, 1934The Daily HeraldChicago, IL
Article Text
Palatine State Bank Dividend Will Be Soon
Depositors in the State Bank of Palatine may expect dividend fore the end the officials consolidated bank receiver's office Plaines stated Tuesday. definite announcement just what percentage will and when the payment made expected next Final legal details between the RFC and the bank being completed this dividend about 30 cent, but the per exact figure cannot be fixed until negotiations completed. Then remaining one step the and sending out dividend checks.
10.August 10, 1934The Daily HeraldChicago, IL
Article Text
Palatine State Bank Dividend Will Be Soon
Depositors in the State Bank of Palatine expect dividend may fore the the month, officials the consolidated bank receiver's office Plaines stated day. definite what will out and when payment made expected next Final legal details between the bank being completed about 30 cent, but the per exact figure cannot be fixed until completed. Then one step will preparation sending out dividend checks.
11.January 18, 1935The Daily HeraldChicago, IL
Article Text
Receiver Opens Office At Palatine State Bank
A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.
J. T. Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.
12.January 18, 1935The Daily HeraldChicago, IL
Article Text
Receiver Opens Office At Palatine State Bank
A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.
J T Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.
13.January 18, 1935The Daily HeraldChicago, IL
Article Text
Receiver Opens Office At Palatine State Bank
A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.
J T Stephens, receiver's representative, will be in charge Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.
14.January 18, 1935The Daily HeraldChicago, IL
Article Text
Receiver Opens Office At Palatine State Bank
A receiver's office to handle business of the State Bank of Palatine locally has been established in room 4 on the second floor of the bank building and will be open from 1 to 4 o'clock each Wednesday and Thursday afternoons.
J T Stephens, receiver's representative, will be in charge. Mr. Stephens formerly had an office with E. P. Steinbrinck when the latter was located in the Starck building.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.