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.
4106. Mercantile Bank & Trust Company (Benton, IL)
Bank Information
- Episode Type
- Suspension → Closure
- Bank Type
- trust company
- Start Date
- December 2, 1930
- Location
- Benton, Illinois (37.997, -88.920)
Metadata
- Model
- gpt-5-mini
- Short Digest
12cba053
Response Measures
None
Description
Articles (Dec 1930 and Jan 1931) describe the Mercantile Bank & Trust Company of Benton as defunct and in the hands of a receiver for years with depositors petitioning and suing the receiver. No mention of a depositor run; bank is in receivership (closure).
Events (3)
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
3.
*
Suspension
- Cause
- Government Action
- Cause Details
- Bank is in receivership (closed by regulatory/receiver action).
- Newspaper Excerpt
- The bank is described as defunct and in the hands of a receiver for years; only one dividend paid.
- 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.