Articles indicate the First State Bank of Bensenville was closed and a receiver (William O'Connell) appointed in July 1933; subsequent articles from Dec 1933 discuss the receiver working on liquidation and paying dividends. There is no mention of a depositor run prior to suspension. OCR errors in Article 1 (garbled header) corrected — date reads July 1933 for receiver appointment though newspaper meta is Oct 20, 1933. Dividend work referenced in Dec 1933 articles; bank remains in liquidation rather than reopened.
Events (3)
1.July 1, 1933*Receivership
Newspaper Excerpt
The undersigned hereby gives notice... Receiver BANK OF BEN— FIRST STATE Bensenville... WILLIAM O'CONNELL has been appointed Receiver of said bank. All persons having claims against said bank are hereby notified to present legal proof thereof to the Receiver forthwith. (Article text, OCR corrected).
Source
newspapers
2.July 1, 1933*Suspension
Cause
Government Action
Cause Details
State auditor of accounts appointed a receiver and took charge of the bank (official closure/receivership by state authority).
Newspaper Excerpt
Receiver of said bank... having qualified and Receiver of said bank. WILLIAM O'CONNELL
Source
newspapers
3.December 1, 1933*Other
Newspaper Excerpt
Receiver Working Day and Night to Hurry Dividend — those in charge of liquidation of the First State Bank of Bensenville are exerting effort to place dividend in hands of the bank's depositors about first week in January (letter/notice).
Source
newspapers
Newspaper Articles (4)
1.October 20, 1933The Daily HeraldChicago, IL
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Article Text
AUDITOR'S NOTICE
OF STATE AUDITOR OF ACCOUNTS Auditor of PubThe undersigned hereby gives notice Accounts he has appointed that Receiver BANK OF BENFIRST STATE Bensenville, DuPage said County, O'CONNELL has WILLIAM and the qualified and Receiver of said bank. having claims All persons said bank are hereby notiagainst to present and said Receiver forthwith legal proof thereof. to make indebted said bank All persons make immediate the Receiver. payment day of Dated this 1933. July, BARRETT. Public Accounts Auditor Illinois, State
2.December 15, 1933The Daily HeraldChicago, IL
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Article Text
Receiver Working Day and Night to Hurry Dividend
The following letter to this indicates that those charge liquidation the First State Bank of are erting effort to place dividend hands the of the bank at an date. County Register, Bensenville, Gentlemen: have been working nights, (yesterday) Sunday our through, had sincerely hoped by Christmas. There banks many throughout the state. seeking the same thing. However we are fourth (4th) in line. Will this pass word along in this week's paper, saying about first week in January. Thank you. Frank Fowler
3.December 15, 1933The Daily HeraldChicago, IL
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Article Text
BANK
Last week's Register Licipated First State Bank people of the always placed their bank have the close the doors, that their fidence would yet be rewarded. Now was them but important question today we view is; just what mean the community, the depositors, those charge the bank's idends were to be paid out Each one of money the bank at the time of its had there for specific meeting some which would due Now obligations have fallen and cash tied until the dividend declared. The people to whom owe money also have gations they want to meet can pay them our debt. We want pay fair and meet obligations soon the get easier, would be to distribute among those as soon off than accept check Chicago bank and have to there obtain our cash. Bensenville community has since the closing the bank, that had been made checks being cashed bank have and mostly because taken out town to cashed and many mostly spent before the own them home. This only natural when has to check cashed. lieve the could be paid cash would be much better those owing money well those waiting for believe proper arrangement: could made safeguard transaction the bank receiver and assistants would agree the arrangement. With per cent dividend paid in cash community what aspect the future would have then could the obligapay Lions we have been promising and those pay could those have been But and get in cash and use there be money circulation here around Bensenville.
E. Sampson
4.December 15, 1933The Daily HeraldChicago, IL
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Article Text
Working Day and to Hurry Dividend
The following letter to this newspaper indicates that those charge liquidation the First State Bank Bensenvile, every possible effort to place dividend the hands the depositors the bank at an early date. County Register, Bensenville, Gentlemen: have been nights. days and (yesterday) Sunday hurry dividend through, had sincerely hoped by Christmas There banks throughout the seeking the same thing. However are (4th) pass this word along this paper, about first week in January. Thank Frank Deputy Receiver,
