Bellflower Exchange Bank - Bellflower, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 20, 1932
Location: Bellflower, Illinois (40.340, -88.527)

Metadata

Model: gpt-5-mini
Short Digest: 59d22a1e

Response Measures

None

Description

Article states the Bellflower Exchange Bank suspended business on January 20 and a receiver (Thomas Freed) was tendered/has started work by the Feb 18, 1932 article. No run is mentioned and a receiver was appointed, indicating permanent closure/receivership.

Events (2)

1. January 20, 1932 Suspension

Cause Details: Article gives no reason for the suspension.
Newspaper Excerpt: Bellflower Exchange Bank, which suspended business Jonuary 20.
Source: newspapers

2. February 18, 1932 Receivership

Newspaper Excerpt: Thomas Freed ... has been tendered the position up the affairs the Bellflower Exchange Bank ... Mr. Freed can take receiverships very conveniently. already started his work on second job.
Source: newspapers

Newspaper Articles (1)

1. February 18, 1932 The Gridley Advance Gridley, IL

Article from The Gridley Advance, February 18, 1932

Click image to open full size in new tab

Article Text

RECEIVER OF TWO BANKS Thomas Freed, of Gridley, who of the Saybrook bank time ago, the cipient of has been tendered the position up the affairs the Bellflower Exchange Bank, which suspended business Jonuary 20. Saybrook are located near each other, Mr. Freed can take receiverships very conveniently. already started his work on second job.