4307. First State Bank (Lyndon, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 28, 1922
Location
Lyndon, Illinois (41.718, -89.926)

Metadata

Model
gpt-5-mini
Short Digest
82fc432e2c345efe

Response Measures

None

Description

Articles report the First State Bank of Lyndon being placed in receivership (1922 appointment of a temporary receiver; and again reported in 1933 with receiver fees). No newspaper text describes any depositor run prior to suspension; events are government-appointed receiverships implying suspension and closure. OCR artifacts corrected (e.g., 'Mathews' spelled Mathew in text).

Events (2)
1. January 28, 1922 Receivership
Newspaper Excerpt
Ezra Mathews of this city has been appointed temporary receiver of the First State Bank of Lyndon by State Auditor of Public Accounts Andrew Russell. The condition of the institution will be carefully probed by Mr. Mathew. Mr. Mathew as receiver has notified all persons having pass books, savings books and certificate of deposit to present them at the bank for verification.
Source
newspapers
2. June 1, 1933 Receivership
Newspaper Excerpt
Lyndon First State Bank. Receiver, Glenn Craddock, total fees and salary to date $1,450.00. Attorney for receiver, John A. Riordan, Morrison, total attorney's fees to date, $800.00.
Source
newspapers

Newspaper Articles (2)
1. January 28, 1922 The Rock Island Argus and Daily Union Rock Island, IL
Article from The Rock Island Argus and Daily Union, January 28, 1922

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Article Text

RECEIVER FOR LYNDON BANK IS APPOINTED Ezra Mathews of Sterling to Have Charge of Institution-Ask for All Check Books. (Special Correspondence.) Sterling, Jan. 28.-Ezra Mathews of this city has been appointed temporary receiver of the First State Bank of Lyndon by State Auditor of Public Accounts Andrew Russell. The condition of the institution will be carefully probed by Mr. Mathew. Mr. Mathew as receiver has notified all persons having pass books, savings books and certificate of deposit to present them at the bank for verification. He has also asked that persons having safety deposit boxes or packages left in the bank for safe keeping to call at the bank and examine them. All persons holding receipts for papers are also requested to present them so that a check may be obtained on these. Not until a thorough check has been made on these pass books and other receipts will it be possible io know just how large the shortage will be at that bank. s Change Shoot Date. The Sterling Rod, Reel and Gun club met last night and decided that during the coming season they will hold trap shoots every other week instead of every Sunday as they did during the past year. It is expected that the Prophetstown club will run shoots on the Sundays opposite the ones on the local club shoots.

2. June 1, 1933 The Thomson Review Thomson, IL
Article from The Thomson Review, June 1, 1933

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Article Text

Sand Burs Fos. have been Interesting figures week which light this brought to of liquidthat the procedure show to the is quite costly bank ating community; and also quite producwho have an opportive to those tunity of partaking of the same. The figures given below are taken from Saturday's issue of the Rockford Daily Journal, and give in our territory instances of banks been in receivers have where charge. State Bank. Receiver, Hanover John C. McKenzie, total fees and $750.00. Attorney to date salary Tear, Galena, receiver, Harry for fees not yet amount of attorney's decided. Leaf River State Bank Receiver, Geo. B. Banning, total fees and Attorsalary to date, D. D. Madden, for receiver, ney Rockford, amount of attorney's fees not decided. yet Lyndon First State Bank. Receiver, Glenn Craddock, total fees and salary to date $1,450.00. AtJohn A Riorfor receiver, torney dan, Morrison, total attorney's fees date, $800.00. to State Milledgeville. Shumway Bank. Receiver, W. R. Clough, total fees and salary to date, $2,554.73. Attorney for receiver, Chas. E. Stuart, Mt. Carroll, amount of attorney's fees not yet decided. Elizabeth Exchange Bank. Receiver, L. C. Lundgren, total fees and to date, $1,446.00. Attorney salary for receiver, Louis A. Nack, Galena, total attorney's fees to date $646.25. (Louis A. Nack member of the District Democratic Executive Committee, supporting Mr. Shaw's campaign). Forreston. Comm. State Bank. Receiver, H. H. Baldwin, total fees and salary to date, $350.00. Attorney for receiver. Seyster Fearer, Oregon, amount of afterney's fees not yet decided. Franklin Grove. Citizens State Bank. Receiver, U. Weyant, total fees and salary to date $3.316.07. Attorney for receiver, Geo. Dixon, Dixon, partial attorney's fees to date, $500.00. Fulton. Whiteside County State Bank. Receiver. John C. Kadyk. total fees and salary to date $6.616.48. Attorney for receiver, A. M. Blodgett, Fulton, total attorney's fees to date. $6,747.65. Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison. total attorney's fees to date, Orangeville. State Bank of Orangeville. Receiver. Wilbur P. Cooper, total fees and salary to date. $2,672.60. Attorney for receiver. Louis H. Burreli, Freeport. amount of attorney's fees not yet decided. Polo State Bank. Receiver, W. T. total fees and salary to Schell, datefi $1,820.00. Attorney for receiver. Harry Typer. Polo. total attorney's fees to date. $732.00. Prophetstown. Citizens State Bank of Prophetstown. Receiver. Paul total fees and D. Carlson. to date, $2,100.00. for receiver. John Stager. Sterling. total attorney's fees to date. $1,180.00. Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler. total fees and salary to date. for receiver. Attorney Democratic ComLouis A. Nack, of Galena,