Citizens State Bank (McHenry, IL)

Episode Information

Episode UID
8850112191555
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
885011219 hash
Start Date
July 25, 1929
Location
McHenry, Illinois (42.333, -88.267)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
71e1506a4a00b286

Response Measures

None

Description

OCR errors in Article 1 corrected (e.g., 'Reciever' -> 'Receiver').

Events (2)

1. July 25, 1929 Receivership
Newspaper Excerpt
THEO HAMER, Receiver for the Citizens State Bank of McHenry.
Source
newspapers
2. July 25, 1929 Suspension
Cause
Government Action
Cause Details
State-appointed receiver (Theo Hamer) after bank closed due to insolvency.
Newspaper Excerpt
Hamer Appointed Reciever Citizens State Bank, McHenry ... closed ... the appointment due to lack ... insolvency closed on account
Source
newspapers

Newspaper Articles (2)

Article from The Herald, July 25, 1929

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Article Text

Hamer Appointed Reciever Citizens State Bank, McHenry of Crystal Lake, forof county, receiver for the Citiof McHenry, closed effect the liquidation the appointment due to lack the part of the is said. necessary for State Nelson to file bill under the insolvency closed on account and since that time the state department, Various attempts effect liquidation receivership. days for the matters, after prepared to receive claims of all creditors, which includes depositors of both time and savings accounts, note holders and all persons the bills of kind against having any bank. He will also collect all notes and all obligations due the bank. period of three months will probbe allowed for the of claims, although this will be in the discretion of the state auditor and circuit court. Mr. Hamer will collect the assets in an expeditious and make as fast as possible satis- and will be able to conduct matters and both to the creditors factory avoid any unthe litigation. in public life Mr. Hamer has been He was for years. county for circuit clerk of McHenry and to assuming sixteen years prior that office was deputy the clerk for fourteen years.


Article Text

STATE OF ILLINOIS, McHenry In the Circuit Court of McHenry County. Oscar Nelson as Auditor of Public Accounts, Etc., Citizens State Bank of McHenry. General Number 23920. By virtue of decree entered entitled the 20th day April, 1931, by the Circuit Court McHenry County, Illinois, the undersigned will Saturday, the day of October, 1932, at hour of o'elock in the forenoon said the East front door courthouse in the City Woodstock, McHenry County, Illinois, offer for sale and sell at public vendue to the highest and best bidder the following estate, to-wit: part the northwest fractional quarter of the northwest fractional quarter of section number one, township 44 north, range eight east of the third principal meridian, which lies west of the center of Fox River, and which lies east of piece of land containing and acres and being the west acres of the said northwest fractional quarter of the northwest fractional quarter of said section number one which said piece of of land so lying east said twenty-seven and one-half acres posed to contain 7.71 acres land more less, and situated in the township of Nunda, in the County of McHenry in the State of Illinois. Said premises to be sold subject any which William Thiele might or could have in said premises virtue of contract now matter record in McHenry County, Illinois, between the Citizens State Bank McHenry successor to the Fox River Valley State Bank and the said William Thiele. TERMS OF SALE Cash in hand on day of sale. Dated this 24th day of September, 1932. THEO HAMER, Receiver for the Citizens State Bank of McHenry. 18-2