Spring Grove Bank (Spring Grove, IL)

Episode Information

Episode UID
364357591573
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
36435759 hash
Start Date
January 1, 1931*
Location
Spring Grove, Illinois (42.450, -88.242)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
b284eab77d7a38bd

Response Measures

None

Description

Closure placed in receivership in 1931; exact suspension date not given.

Events (2)

1. January 1, 1931* Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership in 1931 (state bank receiver handling closure).
Newspaper Excerpt
the bank went into the hands of a receiver...the closed Spring Grove bank
Source
newspapers
2. January 10, 1935 Other
Newspaper Excerpt
Mr. Kelley is also attorney for the closed Spring Grove bank. Walter F. Kelley received word Tuesday ... that he had been named attorney ... for the United State bank. ... He is also attorney for the closed Spring Grove bank.
Source
newspapers

Newspaper Articles (2)

Article Text

Walter F. Kelley Is U.S. Bank Attorney Replaces Wm. M. Carroll Who Has Served Since Bank Was Closed Walter F. Kelley received word Tuesday from the office of Wm. L. O'Connell, state bank receiver, that he had been named attorney for the United State bank. He succeeds Attorney Wm. M. Carroll, Republican, who has served in that capacity since the bank went into the hands of a receiver. Mr. Kelley is also attorney for the closed Spring Grove bank. Attorney Kelley's father, Dennis W. Kelley, is chairman of the McHenry County Democratic Central committee and a member of the depositor's committee of the bank, which was appointed shortly after the bank was closed in 1931. Other members of the committee are Samuel Marsh and Fred E. Rose. Attorney Kelley, in addition to being attorney for the two banks, is also attorney for the Home Owner's Loan Corporation in McHenry county.


Article Text

WEEKLY EXCHANGE ITEMS OF INTEREST TAKEN FROM COLUMNS OF OUR EXCHANGES Bids were opened recently for the construction of a new bridge on the southern tip of Grass Lake on Route 60. This work may place at least 30 men. It is thought that only men unemployed at present will be placed on the job, and that this work will relieve the critical unemployment situation in Fox Lake and vicinity. As far as is known at present no contracts have been awarded although there have been many bids placed. This project has been hanging fire for months and it is thought that the construction will begin early this month. Mrs. L. W. Cobb of Crystal Lake, had a fortunate escape in an accident which might have proved more serious when a street car crashed into her automobile in Chicago early Saturday evening of last week. She was on her way to Geneva for a playing engagement. Driving west on Irving Park Blvd., a through street, her car was hit by a street car going south on Southport avenue. She was thrown violently from one side of the car to the other, suffered bruises, wrenched muscles and severe shock. She was not cut and no bones were broken. A friend was called and took her to her sister, Mrs. Frank Tolle's apartment, where a physician cared for her. Monday she was removed to the Edgewater Hospital. She hopes to be able to return from the hospital within a few days. The car was quite badly smashed. The discovery of a 70-year-old father, lost for 37 years, is at least one compensating development of the gun battle along the Northwest highway November 27 when outlaw Lester Gillis (George Baby Face Nelson) and federal agents Herman E. Hollis and Samuel Cowley were fatally wounded. In the small city of Salida in south central Colorado Mrs. Ida May Hayford Barns was reading an account in her local newspaper of the machine gun and pistol battle when she recognized among the list of Barrington witnesses two names that appeared familiar, Ed and Robert Hayford, two half brothers whom she had never located but whose names gave her the only clue to the discovery of her father, James Hayford. Mrs. Barns immediately communicated with chief of police E. W. Baade who informed her that her father, James Hayford, was living on East Main street in Barrington. The happy reunion came just before Christmas when Mrs. Barns arrived in Barrington to greet her father. Walter F. Kelley of Crystal Lake received word last Tuesday from the office of Wm. L. O'Connell, state bank receiver, that he had been named attorney for the United State bank at Crystal Lake. He succeeds Attorney Wm. M. Carroll, Republican, who has served in that capacity since the bank went into the hands of a receiver. Mr. Kelley is also attorney for the closed Spring Grove bank. Attorney Kelley's father, Dennis W. Kelley, is chairman of the McHenry County Democratic Central committee and a member of the depositor's committee of the bank, which was appointed shortly after the bank was closed in 1931. Harold Lipofsky, 12-year-old son of Mr. and Mrs. Samuel Lipofsky, Barrington, was severely injured in a freakish accident while coasting near his home late Saturday afternoon of last week. As the sled in front of the one on which Harold was riding curved, its runner raised off the ground and Harold ran into it in such a way that the end of the runner went deeply into his mouth and nearly severed a tonsil. Harold was taken to a hospital in Evanston where both tonsils were removed and two stitches taken in the lining of his throat. He is making a satisfactory recovery it is reported. Rev. and Mrs. Theodore Suhr and daughter of Barrington narrowly escaped severe injury last week Sunday when the car Rev. Suhr was driving skidded on the icy pavement as he turned the corner from Hillside avenue to Grove avenue and started down the hill. The car ran over the curb and tree bank on the west side of the street. It brushed a large tree on the right, crossed the side walk, and after running over some shrubbery it broke through the lower branches of an apple tree. The car moved on, propelled partially by its down-hill direction, and after hitting a corner of the house of O. C. Biechele, 644 Grove avenue, it came to a stop about a rod behind the house. The occupants of the car suffered more from fright than from physical injury. The car and the porch of the Biechele home were damaged slightly. Paul "Duke" Bein committed suicide last Wednesday at Twin Lakes by deliberately leaping in front of a Chicago & North Western locomotive, according to Coroner James A. Crossin of Kenosha county who conducted the investigation into the man's death. Bein, 54 years old, was proprietor of the Roxana cafe at Twin Lakes.