4377. Morrison State Bank (Morrison, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
December 17, 1931
Location
Morrison, Illinois (41.810, -89.965)

Metadata

Model
gpt-5-mini
Short Digest
0d9c763c97b2c548

Response Measures

None

Description

Articles (June–Oct 1933) show Morrison State Bank in receivership (receiver named, receiver's fees reported, receiver's report filed). No mention of a depositor run prior to suspension; the bank was closed and placed in receivership, consistent with suspension followed by closure/receivership.

Events (4)
1. December 17, 1931 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership; receiver (McCall) appointed and reporting on receipts and disbursements beginning Dec. 17, 1931.
Newspaper Excerpt
McCall, receiver for the Morrison State bank, has forwarded ... report of receipts and disbursements of the bank for the period from Dec. 17, 1931, to June 1933
Source
newspapers
2. June 1, 1933 Other
Newspaper Excerpt
Morrison State Bank. Receiver, W. Chas. total fees and salary to date, $2,300.00. Attorney for receiver, W. D. Little. Morrison. total attorney's fees to date, ... (The Thomson Review, 1933-06-01).
Source
newspapers
3. July 21, 1933 Other
Newspaper Excerpt
Receiver's Report Is ... McCall, receiver for the Morrison State bank, has forwarded tion report of receipts and disbursements of the bank for the period from Dec. 17, 1931, to June 1933 ... Total receipts were $125,539.60 ... disbursements ... common dividends paid, $11,047.05; balance in hands receiver.
Source
newspapers
4. October 19, 1933 Other
Newspaper Excerpt
Prophetstown... The receivers Paul Carlson, Citizens' State bank Prophetstown... McCall. Morrison State bank... request to consolidate receiverships ...
Source
newspapers

Newspaper Articles (3)
1. 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,

2. July 21, 1933 The Dispatch Moline, IL
Article from The Dispatch, July 21, 1933

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Article Text

Receiver's Report Is Morrison, July McCall, receiver for the Morrison State bank, has forwarded tion report of receipts and disbursements of the bank for the period from Dec. 17, 1931, to June 1933, to the state auditor. Total receipts were $125,539.60, dividends paid in amount Complete report and follows: Receipts: Notes and discounts, cash items, cash, discovered, $271.14; rents, miums and interest, Disbursements: Preferred claims paid, receiver's salary, $3350; expense, torney's fees, legal $309; clerk express and registers, printing and plies, jani$327; receivbond, $250; federal land bank taxes ments, rent, light heat $226.83; appraiser's miscellaneous payable and counts paid, banking partment special examination $150; common dividends paid, 866.57. Balance in hands of ceiver, Stockholder's liability receipts: collections from Disbursements: Accountant's fee expense, $400; attorney's $1500; legal expense, etc., other miscellaneous common dividends paid, $11,047.05; balance in hands ceiver,

3. October 19, 1933 The Dispatch Moline, IL
Article from The Dispatch, October 19, 1933

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Article Text

Five Whiteside County Men Get Letters from State Official. Prophetstown, Oct. all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign in sent to them this week Ray Drennan, auditor charge of working from the of the state auditor of public accounts. The receivers Paul Carlson, Citizens' State bank Prophetstown. Albert Brown, Tampico State bank. Glenn Craddock, Lyndon State bank. McCall. Morrison State bank. John Kadyk, Whiteside CounState bank at Fulton. The letter received Mr. Carlwhich derstood to similar to those sent the other men, that the object of the request to consolidate receiverships the county der man. that Carlresignation become effective October tomorrow. Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to preparation rooms, and public system large crowds, when all can not be seated.