4404. State Bank (New Boston, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
October 4, 1933
Location
New Boston, Illinois (41.170, -90.997)

Metadata

Model
gpt-5-mini
Short Digest
13216a939706ce87

Response Measures

None

Description

Articles (Oct 4, 1933) list the New Boston State Bank among closed state banks in receivership being consolidated for liquidation under the state auditor's plan. No run is described; the bank is in receivership and being liquidated.

Events (1)

1. October 4, 1933 Suspension
Cause
Government Action
Cause Details
State auditor announced consolidation of closed state banks in receivership for liquidation; New Boston State Bank listed among those closed and to be liquidated under Aledo State Bank as county headquarters.
Newspaper Excerpt
Closed state banks which affected by the new order ... the New Boston State bank
Source
newspapers

Newspaper Articles (2)

Article from The Muscatine Journal, October 4, 1933

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Article Text

State Banks in County Merged Banks in Receivership in cer County Will Be Liquidated. Aledo merger of all closed state banks Mercer which are receivership, with liquidation under one organization, was nounced Tuesday through the state auditor, Edward Under the plan, all business will be handled through the closed Aledo State bank, which will used as county headquarters, with Conners, former receiver the Citizens State bank of Keithsburg, in charge as deputy ceiver. William O'Connell Chicago will be the receiver charge. Stuart Boultinghouse Aledo has been named county field representative of the ceiver. For the present some the present bank receivers will retained to assist in organization work. Closed state banks which affected by the new order the Aledo State bank, the Matherville State bank, the farmers State bank of Burgess, the New Boston State bank, the Farmers State bank of North Henderson, the bank of Windsor in New Windsor, the Farmers State bank in New the Sherrard State bank. the State bank, Farmers bank the Farmers bank Reynolds. The order effective once of bringing the records and work Aledo has already been started. Mr. Conners, the deputy receiver, former state bank examiner receiver of the and has been closed bank Keithsburg for three years. Mr. Boultinghouse, who associated with him, auctioneer, member of the firm of and sons of Aledo.


Article from The Muscatine Journal, October 4, 1933

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Article Text

State Banks County Merged Banks in Receivership in MerCounty Will Be Liquidated. Aledo all closed state banks which are in receivership, with liquidation under one organization, was announced Tuesday through the state auditor, Edward Under the plan, all business will be handled through closed Aledo State bank, which will used county headquarters, with Conners, former for the Citizens State bank of Keithsburg, in charge as 'deputy ceiver. William O'Connell of Chicago will be the receiver in charge. Stuart Boultinghouse of Aledo has been named as county field of the ceiver. For the present some of the present bank receivers will to assist in organization work. Closed state banks which affected by new order the Aledo State bank, the State bank, the farmers State of Burgess, the New Boston bank State bank, Farmers State bank North Henderson, the bank of Windsor in New the Farmers State bank in New Windsor, the Sherrard State bank State bank, the the Preemption Farmers bank of Preemption the Farmers bank of Reynolds. The order effective at once of bringing the records and work Aledo has already been started. Mr. Conners, the deputy receiver, former state bank examiner been receiver of the and has bank Keithsburg for closed in three years. Boultinghouse, who associated with him, member of the firm and sons of Aledo.