4427. State Bank (Odell, IL)

Bank Information

Episode Type
Suspension โ†’ Closure
Bank Type
state
Start Date
December 1, 1932*
Location
Odell, Illinois (41.004, -88.525)

Metadata

Model
gpt-5-mini
Short Digest
1f2f390f7c1d531a

Response Measures

None

Description

Multiple newspaper items (Dec 1932 and July 1933) report the State Bank of Odell closed and E. M. Hoffman (cashier, First National Bank of Dwight) appointed receiver by the Illinois auditor. No article describes a depositor run; the bank was closed and placed in receivership and remained closed through at least mid-1933 (receiver's periodic report shows no dividends paid). OCR errors in articles corrected (e.g., E. M. Hoffman/E. Hoffman; dates inferred from publication dates).

Events (3)

1. December 1, 1932* Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver was appointed by the Illinois auditor (action by state officials/board leading to closure).
Newspaper Excerpt
E. M. Hoffman ... appointed ... receiver for State Bank of Odell which recently closed.
Source
newspapers
2. December 4, 1932 Receivership
Newspaper Excerpt
Hoffman of Dwight Odell Bank Receiver ... has appointed cashier of the First National bank of Dwight, receiver for State bank of Odell which recently closed. Mr. Hoffman has assumed his new duties ... persons holding safety deposit boxes ... privilege to make application for access ...
Source
newspapers
3. July 7, 1933 Other
Newspaper Excerpt
Odell Bank Receiver Files Periodic Report ... report shows receipts and disbursements from date of closing of the bank nearly year ago to July ... No dividends to depositors have been paid to date.
Source
newspapers

Newspaper Articles (5)

Article from The Pantagraph, December 4, 1932

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Article Text

Hoffman of Dwight Odell Bank Receiver Pantagraph Central Illinois Service. Nelson. auditor of public accounts of Illinois. has appointed cashier of the First National bank of Dwight, receiver for State bank of Odell which recently closed. Mr. Hoffman has assumed his new duties persons holding safety deposit boxes in the bank's vaults have the privilege to make application for access their


Article from Chatsworth Plaindealer, December 8, 1932

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Article Text

HOFFMAN OF DIWGHT, ODELL BANK RECEIVER Oscar Nelson, auditor of public accounts of Illinois, has appointed E. M. Hoffman, cashier of the First National bank of Dwight, as receiver State Bank of Odell which for the recently closed. Mr. Hoffman has assumed his new duties.


Article from The Pantagraph, December 12, 1932

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APPOINT ODELL BANK RECEIVER Confirmation Suit Is Heard in Livingston Circuit Court by Judge Baker. Pantagraph Central Illinois PONTIAC R. in the circuit court of Livingston county Saturday issued the follow ing orders for judgments by con fession: The People ex Oscar Nelson auditor of public against the State Bank of Odell. the title of filed in the cuit court Saturday This taken to secure the confirms tion of the E. Hoffman, cashier of the First Na tional bank of Dwight. receiver for the Odell bank which closed several weeks ago by action of the board of Nancy Julien et al against George in the sum E. Cottingham against McConaha for $272.25, and Anderson against M. Wilhelm for $214.70. Immediate executions were permitted. Two tracts of Livingston county farm land were sold Saturday Pontiac by Neil Kerr. master chancery, satisfy foreclosure proceedings. One was the case of the First Trust and Savings bank Bloomington vs. Michael and Mar tin Sullivan. 160 acres of land Sunbury township in the northern part of the county being involved The land was purchased for $19. 040.07 by George The other was the case of Charles trustee John W al Koopman, for 160 acres of land Nebraska township in the south east part of the county. This par cel was bid in by the complainant for $18,000 Florence Gardner of Pawnal. Vt., has filed bill to foreclose mort gage against Mathew Kafer et the sum of $21,000. The land question in Indian ove townnear Fairbury and consists of ship 160 acres. Tuesburg and Armstrong, attorneys, have withdrawn as counsel Whitmer and the United for A. L. States General Agency company suit brought by Henry Gabe the others against L. Whitmer and al, an action taken set aside mortgage. Later in the case Judge S. Baker set Dec 17 as the time for the hea ing of a demurrer to the bill. State's Attorney Robert M. Niven has filed his current report with S. R. Baker in the circuit Judge order was entered by court. An the court to all interested persons file objections within 30 days. otherwise the report would stand approved filed. Comstock and Thomas indicted last Murphy, who by the grand jury on October of burglary larceny charge of guilty to the have entered pleas the indictment third count larceny. At the same time charging they filed motion for probation The report by Probation Officer hea by Judge was Stevens R. Baker and the court defendant after bond leased each was fixed at $500 with B. E. Chat tin as surety In the case of the Federal Re serve Life company Thomas B. Gourley and against foreclosure Master in Chancery Neil Kerr filed his port of evidence and conclusions with Judge Stevens R Baker. The also contained objections report which had been the complainant overruled and stand as exceptions divorce action instituted The Bertram against Clarence Viola Bertram the circuit court dismissed Friday by the complain Master in Chancery Kerr has filed his report in the partition and quiet title action brought Frank Finefield against Edith Mc The report of the Gill and other chancery showed the master in etc. for sale but The case of Arthur Vulkin bids. and others against Lillie Cross and to set aside the others. an action will of the late James P. Culkins was dismissed in the circuit court Friday by the complainants.


Article from The Pantagraph, July 7, 1933

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Article Text

Odell Bank Receiver Files Periodic Report Pantagraph Central Illinois Service M. ceiver for the State Bank of has just made public his quarterly report. The report shows receipts and disbursements from date of closing of the bank nearly year ago to July as follows Refrom notes and from cash from additional assets discovered. $7.52 from premiums and miscellaneous, from total. to receiver's sal$1,083.88 to receiver's to attorney's legal expense. $35.75: to clerk and neous expense (administrative) $844: to miscellaneous istrative) $886.18; to banking special examination fee, total bills payable and discounts expense collecting bills payable and re-diecounts which includes $272.18 total cash balance The report also states that amounts have been collected off-set and none collected by loss No dividends depositors have been paid to date. Wed in Clinton Illinois Service. Ruth daughter Mr. and Mrs. Thomas Dyer, and George Rohrer son Mr. and Mrs. George Rohrer of married Monday night in Clinton by the Rev Taylor. They have Lincoln and are residing at 305 Willard avenue.


Article from The Fairbury Blade, July 14, 1933

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Article Text

Bill for Divorce. Mrs. Ella Strange has filed bill in the circuit court which she seeking divorce from Oscar Strange, alleging extreme and peated the part of husband. The bill sets forth that they married January 28, 1932, lived together until May 24 same year. Mrs. Strange asks for the custody of their child and that the court decree that her husband pay for the maintenance of herself and child. Detendant Defaulted. Erna M. Abts, the vorce action brought by her John Abts, of near Fairbury, found defaulted when the called before Judge Clyde H. Thompin circuit court on Monday afternoon. After hearing the evidence presented, Judge Thompson awarded John Abts decree divorce. Hearing Set for Monday. Dan Dwyer, complainant in the tion against L. McDowell and others, execution, Monday filed motion with Judge Clyde Thompson in circuit court the cause for hearing the tions the master's report. The court allowed the motion set matter hearing at 10 o'clock Monday, July Probate Court Proceedings. Judge Ray Sesler probate court, has discharged Charles D. Williams, executor of the estate of Frank Lewis, deceased, together his bond and closed the estate. This action taken after the executor had filed his final receipts in the estate. Judge Ray Sesler, in the probate court, has approved the report as Logan Kring, conservator for Harry Barker. Judge Ray Sesler, in the probate has the bond of Noble H. Rothrock, administrator of the tate of Nina Skinner, deceased. Charles McWilliams, executor the estate Frank Lewis, deceashas filed his final report. The ecutor bond discharged and the estate closed upon the filing final receipts by The final report as filed by Burns, the estate William Eich, deceased, has been approved. The executor and his bond be discharged upon showing of the balance hand the claimant as shown by the Mrs. Mrs Arnold Ramme, administratrix estate Charles Ramme, has filed with Judge Ray Sesler the probate report that riod of time from March 1931, June 1933. The court has approved the report. The current report filed by conservator of Emma Clark, Deputy, has been approved. Louis of the estate of George M. Hempfing, deceased, has filed his final report. The administrator and his bond to discharged upon filing receipts showing distribution of balance cash and securities. of the late Permelia AnStroud has admitted to Sarah Jane Armstrong and bate. Melvin Bogar, executors, have qualified filing their bond the of $8,370, which has been approved. Seeking $6,351.69 Damages. of The Public Service Company Northern Illinois, corporation, has filed action in the circuit court Pontiac, against the village Odell, municipal corporation. The action brought recover damages the of for goods and wares sold the village. underthat action brought stood collect unpaid electric service bills. Furnished Bond. Bradshaw, Pontiac, Lawrence had been held several days failure bond, released $500 peace last Saturday morning, the required bond having been furnished. arraigned before PoLouderback lice Magistrate the week on warrant earlier Mrs. Bradshaw, and sworn to by under bond to keep the placed able to furnish He not peace. the at that time and was manded to the county jail. Placed Under Peace Bond. John Irvin, Pontiac, before Justice of the Peace raigned E. Phillips last Friday on peace warrant. The case later taken before Justice of the Peace John Sutherland change venue. Irvin placed under $500 bond keep the peace which was furnisharrested on the complaint of Mrs. Irvin. George Kridner Will. Judge Ray Sesler, in the probate court has for hearing at in the forenoon of July the petition to probate the the Kridner. The directs that after the payment of all just debts against the estate, all personal and real estate longing the vided among niece and four nephKridner, KridMarie Kridner, Freddie Kridner and Gordon and share alike. The will bears date March 22, 1933, and witnessed; by Mary Cavieel, Stephen Adsit and Bert Adsit. Will of Edward Magee. The will the late Edward Mafiled for probate bequeaths of the personal property of the deceased, personal real, to the widow of the deceased, Mrs. Mary Jane Magee, long as she shall live. At death all the property be converted into cash divided share and share alike between following children: Arthur Elmer MaMaud William Frederick Magee, Edith Pearl MaHarry Edward Magee, Robert Ralph Magee, Raymond Taylor MaGilbert Emmerson Magee. The widow Arthur Elmer Magee named executors the will, which bears date of August 1919. It witnessed by Isadore Lewiser and Elmore Raboin. Granted Divorce and Alimony. Mrs. Susie Kridner of Pontiac, was granted decree divorce from her husband, Arthur Kridner, Judge Clyde Thompson the cuit court Monday afternoon after hearing the evidence presented. The court awarded the custody child, Joseph Kridner, Kridner, alimony, the same to be and remain lien on real -estate now owned the fendent, Arthur Kridner, until paid. The court further ordered defendant pay the complainant, Mrs. Kridner, $25 per month from July 10 towards the port of herself and son until further order court. Kridner was also awarded solicitor's fees the sum $75, to paid by the fendant, same to be taxed costs. Sentenced to Vandalia. Henry Thomas, indicted charge burglary larceny, tenced eight the state farm at Vandalia by Judge Clyde in the circuit court at Pontiac, Monday Thomas had entered plea of guilty. court Monday he withdrew that plea entered guilty to the third count of the dictment, upon which plea he was sentenced by the court. Received Sentence. James Kirby Fudge withdrew his plea of not guilty the indictment him and lareeny in circuit court noon and entered plea of guilty the third count of the indictmen Judge Thompson Fudge term eight months on the state prison farm Vandalia on plea of guilty. Fudge was arrested following the burglary of the Oelschlager department store at Odell last winter. Indictment Nolled. State's Attorney M. Niven Monday nolled the against Dudo, charged burglary and larceny in circuit Judge Thompson later discharged Dudo from custody. Judgments by Confession. E. Hoffman, for the Odell State bank, against John Wolf, Hoffman, receiver for the Odell State bank, against Frank Wolf $2,551.28. Receiver Appointed. M. H. Craven, of Odell, named receiver by Judge Clyde H. Thompson in circuit court on Monday afternoon the foreclosure action brought the John Hancock Mutual Insurance company against Ai McDonald and others. ceiver's bond was fixed at $3,000. Action in Foreclosure. Harris, conservator, etc., filed an action in foreclosure the circuit court against Ada Swords and others, seeking foreclose trust deed. The land affected is scribed as the southwest quarter the southwest quarter section the northwest quarter southwest quarter section 29, the east half the southwest quarter of section 30, and the south half the northeast quarter section 31, all in Amity township. Court Monday Morning. At Monday's sion Judge Clyde journed the sessions of the circuit court until o'clock in the forenoon of Monday, July 17. To Be Naturalized. Paul Rauhe Paulsen, residing 308 South South street Dwight, has filed his declaration intention citizen the United States Circuit Clerk Henry Wolff. The affidavit shows that Mi. Paulsen was born Skjern, Denmark; 1904, and came the United States 17, 1927. He carpenter by trade. Went to Jail. Joseph Dobbs, of Pontiac, who was arraigned before Police Magistrate Louderback on charge of having violated state fish game laws, sentenced days the county fined and costs. It was alleged that Dobbs SIGNS BILL FOR CASH DISCOUNT TO TAXPAYERS Springfield, III., July 12. cent discount allowed taxpaysecond installment payment of his taxes such made at the same time first stallment paid and before the first installment due, under measure which was enacted into law today, approval by Governor Henry Horner. The new law, which was sponsored recent general assembly by Representative Gary Noonan (Dem., Chicago) effective next January Another measure relating to taxes which approved Horner that which provides court may extend time for payment sessment and refund securities and interest issued in anticipation of lection The measure, introduced by Representative Roderick (Rep., Chiprovides that court may divide the into greater lesser number of installments. Among bills signed by the governwere following: Appropriates $296,000 to department public works buildings to reimburse cities for roads structed. Creates retrenchment commission with view considering departments and reducing expenses. Amends relating organization and regulation of life insurance companies. Provides that department of public works buildings after taking over roads streets may erect maintain signals wherever appears necessary. Creates the University of Illinois revolving fund. Creates commission to make study of milk and other products. Creates commission modify insurance laws. Amends administration code, which provides payment money into state treasury. $110,000 department public works buildings for improvements in Illinois river valley. Reduces the salaries of members of the court of claims. Provides that persons arrested on information complaint for violation of penal shall be furnished with copy of complaint one hour after arrest. Creates division for heavy vehicles tractors Provides that eggs must be candled at the point of distribution. Amends the mothers' pension act provide that proceeds of the tax shall be paid into special fund known pension fund,' and only for purpose for which the tax levied. Authorizes the Chicago board of education issue $40,000,000 bonds to school teachers and to meet current expenses. Held up by bandits, John Clark, of Boston, take them home with and get them some money. Overdue for years, "Three Men and Maid," novel, has just been returned to the Morley library, Painesville, Ohio. had taken more than his allotment 25 fish from the river during the day; that he also taken undersized fish and that had been charged with having violated the state laws. Clarence Brown similar sentence when arraigned before Police Magistrate Louderback on similar charge upon the of the state deputy game warden his sentence was suspended during good behavior. Transcript of Judgment. The transcript judgment obtained circuit court of McLean county Sophia Day against Lutie McDowell in the sum has been filed office of the circuit clerk of Livingston county. Arrested at Saunemin. Joe Landoski, of Saunemin, was rested at that place Wednesday afternoon by Deputy Sheriff Edward Kammerman state warrant sued by Justice of the Peace Bruce Wrey, Saunemin. Landoski was charged in the warrant, sworn to his mother, Mrs. Landoski, with being drunk and disorderly with threatening to shoot and kill her and his sister. Landoski was taken the county at Pontiac pending arraignment.