4437. Orangeville State Bank (Orangeville, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 19, 1932
Location
Orangeville, Illinois (42.468, -89.644)

Metadata

Model
gpt-5-mini
Short Digest
4721e886c6e8f9a1

Response Measures

None

Description

Articles indicate the Orangeville State Bank closed in 1932 and a receiver (W. P. Cooper) was appointed and is paying dividends to depositors in 1933; no run is mentioned. OCR in Article 1 garbled some text: closing 19, 1932 interpreted as Oct 19, 1932 (date uncertain).

Events (3)
1. October 19, 1932 Receivership
Newspaper Excerpt
W. P. Cooper, receiver for the Orangeville State bank ... Depositors ... are soon to receive 10 to 15 cent[s] of their claims.
Source
newspapers
2. October 19, 1932 Suspension
Cause
Government Action
Cause Details
Bank closed and placed in receivership (receiver W. P. Cooper) after failure/closure in 1932.
Newspaper Excerpt
the bank, since closing 19, 1932, has collected ... The receiver has at this time total of $18,404.11.
Source
newspapers
3. August 1, 1934* Other
Newspaper Excerpt
Cooper, receiver the Orangeville State bank, will be in Orangeville Aug. and confer with stockholders of that bank.
Source
newspapers

Newspaper Articles (2)
1. July 6, 1933 The Stephenson Farmer Lena, IL
Article from The Stephenson Farmer, July 6, 1933

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Article Text

ORANGEVILLE STATE BANK RECEIVER TO PAY CLAIMS Anouncement has been made that W. P. Cooper, receiver for the Orangeville State bank will pay portion of the claims against the bank in the near future. According to a report issued by Mr. Cooper the bank, since closing 19, 1932, has collected on October the disbursements The reing amounted to ceiver has at this time total of $18,404.11. Depositors, according to the announcement, are soon to receive 10 15 cent of their about to per claims.

2. July 31, 1934 Freeport Journal-Standard Freeport, IL
Article from Freeport Journal-Standard, July 31, 1934

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Article Text

RECEIVER ORANGEVILLE Orangeville, III., Cooper, receiver the Orangeville State bank, will be in Orangeville Aug. and confer with stockkholders of that bank.