Illinois Trust & Savings Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: October 28, 1932
Location: Champaign, Illinois (40.116, -88.243)

Metadata

Model: gpt-5-mini
Short Digest: 667cd49d

Response Measures

None

Description

Article (Chicago Tribune, 1932-10-28) refers to the bank as defunct and discusses garnishment actions and a receiver; no mention of a depositor run. Thus the bank suspended/closed and a receiver is involved (suspension leading to permanent closure).

Events (2)

1. October 28, 1932 Receivership

Newspaper Excerpt: Process seeking last night to up captain of the Bears football garnishment filed the Superior court... for the defunct Illinois Trust and Savings of Champaign, Ill. Grange his former manager, C. C. Pyle, large sums of money from the bank before it closed ... garnishment is Chicago Bears club ... obtained by the for the defunct Illinois Trust and Savings of Champaign, Ill (Chicago Tribune, 1932-10-28).
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank was closed and a receiver involved (described as defunct); closure led to garnishment actions against former manager for funds taken before it closed.
Newspaper Excerpt: the defunct Illinois Trust and Savings of Champaign, Ill
Source: newspapers

Newspaper Articles (1)

1. October 28, 1932 Chicago Tribune Chicago, IL

Article from Chicago Tribune, October 28, 1932

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Article Text

BANK RECEIVER $20,278 FROM GRANGE Process seeking last night to up captain of the Bears football garnishment filed the Suof perior court. Attorney Gale filed the out of judg ment for obtained by the for the defunct Illinois Trust and Savings of Champaign, III Grange his former manager, C. C. Pyle, large sums of money from the bank before it closed to promote Pyle's enterprises, which the Derbies the York Yankees football were tained on notes. In to Grange, the garnishment is Chicago Bears club, for which he plays football, Collegiate World Curtis Publishing company, Arnold Brothers Publishing company for he and one Frank Zambreno.