State Bank - Odell, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: October 5, 1927
Location: Odell, Illinois (41.004, -88.525)

Metadata

Model: gpt-5-mini
Short Digest: ebd8a793bb0d9702

Response Measures

None

Description

Article (The Times, Streator IL, 1927-10-05) reports litigation seeking enforcement of stockholders' liabilities and the appointment of a receiver for the State Bank of Odell (mentions adding M. H. Craven as receiver). No explicit description of a depositor run or an earlier suspension is given in the text, but the presence of receiver litigation indicates the bank was in insolvency proceedings and effectively closed. I therefore classify this as a suspension leading to closure (receivership). OCR errors in the clipping were corrected (e.g., 'OdeH' -> 'Odell').

Events (2)

1. October 5, 1927 Other

Newspaper Excerpt: Illinois State Savings bank, as receiver for the Claudon State Bank, vs. Bessie C. Mossiman et al. enforce liabilities of directors of State bank.
Source: newspapers

2. October 5, 1927 Receivership

Newspaper Excerpt: State Bank of Odell vs. the farmers' National Bank of Odell, enforce stockholders' liabilities and appointment of a receiver. Leave to amend bill by adding M. H. Craven receiver, as party complainant.
Source: newspapers

Newspaper Articles (1)

1. October 5, 1927 The Times Streator, IL

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Article Text

RMERS ARE IVEN EARLY PROBE REPORT National Speed Record Established By Authorities On Research. of what is believed to be new onal speed record in getting out results of experiment station E. Dirks arch and investigation. Illinois )ers today are receiving the ent annual report of H. W uford, director of the experi station, college of agriculture ersity of Illinois, only three the after the close of the fiscal covered by the report. In con es the fortieth year in the sta tober ving up to date results on 215 net investigations carried on hg the past year at the experi station. the report takes the of 288 page booklet entitled Year's Progress in Solving in Problems of Illinois. It is he year ended June 30 and was oiled and edited by F. J. Kell extension editor in the agri tral college and experiment from submitted to director by members of the Aim Criticism. the past formers have aimed 21 criticism at the agricultural rimênt stations of the country use annual reports and other ial statements of research and stigations have been issued or two of even longer after experiments were conclude hanging the style of the annual it four years ago, therefore, the bis station started a movement et out the publication promptly the close of the fiscal year for It was issued. far as can be determined no riment station In any of the states has, ever Issued an anreport so promptly after the of the year as is the case with atest Illinois report. receiver, vs. N. J. Claudon, assumpsit, Time to plead extended to October 11. People of the State of Illinois, for use of Herbert Powell as guardian, etc., vs. A. B. Claudon and N. J. Claudon, debt. Time to plead extended to October 15. Orville G. Johnson, for use of Oliver Buland, E. M. DeBolt, garnishment Time to plead ex tended to October 11. State Bank of Odell V8. the farm ers' National Bank of OdeH, en force stockholders' liabilities and appointment of a receiver. Leave to amend bill by adding M. H. Craven receiver, as party complainant. Tim to answer extendeded to October G. Y, McDowell VS. W. E. Stephey et al., relief. Demurrer to bill by defendants Elmer Odell and L. Illinois State Savings bank, as receiver for the Claudon State Bank, VS. Bessie C. Mossiman at al. enforce liabilities of directors of State bank. Motion by N. J. Claudon, Bessie C. Mossiman and E. M. Spence for extension of time to answer, Time extended to Oc- Seeks Citizenship. Elsie Karb, of Fairbury, a housekeeper filed with Circuit Clerk J. G. Whitson her petition for na turalization She was born October 19, 1880, at Oberndorf, Ger many, and came to the United States, September 24, 1903. She filed her declaration of Intention of becoming naturalized citizen of the United States in the United States District court at Peoria on Appointed Bailiff. At opening of the October term of the circuit court Circuit Judge S. R. Baker named James R. Lord as circuit court bedliff. Mr Lord replaces Eldon Shafer, who has been court bailiff for several years past and who recently resign- Judgment Secured. The Isane, Walker Hardware company, a corporation, has obtained a judgment by confession in the circuit court against Philip D. Sohn, éte, In the sum of $111.03 An immediate execution was