4497. Illinois State Savings Bank (Pontiac, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
savings bank
Start Date
July 3, 1929
Location
Pontiac, Illinois (40.883, -88.648)

Metadata

Model
gpt-5-mini
Short Digest
55d6ea33991b39eb

Response Measures

None

Description

Articles indicate the Illinois State Savings Bank of Pontiac was in the hands of a receiver (Raymond Grover) as early as July 1929 and a March 1930 report explicitly states the bank was named a receiver by the court. There is no mention of a depositor run in the excerpts; the bank was placed in receivership and thus appears to have closed permanently. The sources do not explicitly use the word 'suspension,' but receivership implies closure; therefore I classify this as suspension_closure.

Events (2)
1. July 3, 1929 Receivership
Newspaper Excerpt
Illinois State Savings bank, Raymond Grover receiver, vs. confession...
Source
newspapers
2. March 17, 1930 Receivership
Newspaper Excerpt
PONTIAC BANK IS RECEIVER ... Illinois State Savings bank of Pontiac named receiver by Judge R. Baker the county circuit court ...
Source
newspapers

Newspaper Articles (2)
1. July 3, 1929 The Times Streator, IL
Article from The Times, July 3, 1929

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Article Text

Livingston County Court Proceeding. Illinois State Savings bank, Raymond Grover ceiver, vs. confession Four Arrested. Irene Hadner, aged Jean aged 17; Kenneth DonaldFleming, and Robert son, aged 13, of Peoria, were picked Dwight by State Officer Logan Ketcham and later turned over to Sheriff Scarquartet detained the in Pontiac Monday when an officer from the juvenile court Peoria arrived returned them to that HE Before further, make you

2. March 17, 1930 The Pantagraph Bloomington, IL
Article from The Pantagraph, March 17, 1930

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Article Text

PONTIAC BANK IS RECEIVER Deficiency Decree Given in Favor of State Bank of Odell. (Special The PONTIAC March Illlnois State Savings bank of Pontiac named receiver by Judge R. Baker the county circuit court of Saturday in the case Hanley and others against suit A. B. Claudon and others. The one to enforce stockholders' liabilities. The originally filed by Judge Baker approved report of the sale real estate the partition action brought by John McWilliam others against John E. McGreevy and deficiency decree of in favor the State Bank Odell against the Thomas P. McGreevy and John E. McGreevy was also entered suit to alleviate distress for rent began recently by Barbara Bruder against R. Morris has been dismissed from circuit court as the subject matter has been settled out court. The Farmer's State bank of Benhas secured judgment against William A. Masters amounting An immediate execution awarded. Special Master in Chancery John H. filed his report of the sale of real estate in the partition action of Gertrude H. Riordan against James Riordan. Judge Barapproved the report and firmed the as well as an order for the of the funds in the hands of the master.