Article Text
for Report Benton, Dec. accounting depositors the the defunct Mercantile Bank and Trust Company asked petition filed in Circuit Court here today. The bank has been in hands receiver for years, only one dividend paid.
3583. Mercantile Bank & Trust Company (Benton, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust
- Start Date
- December 2, 1930
- Location
- Benton, Illinois (37.997, -88.920)
Metadata
- Model
- gpt-5-mini
- Short Digest
18ece9856e203c36
Response Measures
None
Description
Articles report the Mercantile Bank & Trust Company in Benton as defunct and in the hands of a receiver for years with only one dividend paid; no run or temporary suspension described. This indicates a permanent closure with receivership. OCR errors in the snippets were corrected (e.g., 'in hands receiver' -> 'in the hands of a receiver').
Events (2)
1.
December 2, 1930
Receivership
- Newspaper Excerpt
- Benton, Dec. accounting depositors the the defunct Mercantile Bank and Trust Company asked petition filed in Circuit Court here today. The bank has been in hands receiver for years, only one dividend paid.
- Source
- newspapers
2.
January 6, 1931
Other
- Newspaper Excerpt
- Benton, Jan. of the defunct Mercantile and Trust Company, which been receivership for two sought in circuit court here have order issued Jack Ohle receiver, make distribution assets.
- Source
- newspapers
Newspaper Articles (2)
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Article Text
BANK RECEIVER SUED Benton, Jan. of the defunct Mercantile and Trust Company, which been receivership for two sought in circuit court here have order issued Jack Ohle receiver, make distribution assets.