Bank of Chebanse - Chebanse, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 1, 1929*
Location: Chebanse, Illinois (41.003, -87.908)

Metadata

Model: gpt-5-mini
Short Digest: 4d8122b3

Response Measures

None

Description

Article describes the Bank of Chebanse as defunct with assets frozen in March 1929 and a receiver active in 1930; no run is mentioned. The receiver blames directors for negligence and mentions a cashier serving a term and a vice president suicide, suggesting bank-specific problems leading to closure.

Events (2)

1. March 1, 1929* Suspension

Cause: Bank Specific Adverse Info
Cause Details: Assets frozen in March 1929 after management problems; receiver later blames directors for negligent hiring and mentions a vice president's suicide, indicating bank-specific misconduct/distress.
Newspaper Excerpt: assets frozen March 1929
Source: newspapers

2. October 28, 1930 Receivership

Newspaper Excerpt: Receiver Blames Directors for Hiring Cashier ... receiver of the defunct Bank of Chebanse, has asked Circuit Court ... Creditors filed claims against the closed with assets frozen March 1929.
Source: newspapers

Newspaper Articles (1)

1. October 28, 1930 St. Louis Globe-Democrat St. Louis, MO

Article from St. Louis Globe-Democrat, October 28, 1930

Click image to open full size in new tab

Article Text

HOLDS DEFUNCT BANK OFFICERS NEGLIGENT Receiver Blames Directors for Hiring Cashier Now Serving Term. By Associated Press. WATSEKA, ILL, October Burl Meents, receiver of the defunct Bank of Chebanse, has asked Circuit Court hold of the bank liable for negligence in employing James as cashPorch is serving term Joliet The bill will considered at the term of court. Creditors filed claims against the closed with assets frozen March 1929. Frank vice suicide in August,