4702. Woodhull State Bank (Woodhull, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
April 1, 1930*
Location
Woodhull, Illinois (41.179, -90.316)

Metadata

Model
gpt-5-mini
Short Digest
edc2608a6868a659

Response Measures

None

Description

Articles report the Woodhull State Bank closed in April 1930 and a receiver (Hamilton) was appointed; later (May 1932) the receiver paid dividends. No article describes a depositor run prior to closure. OCR in articles is noisy; exact day in April 1930 not provided.

Events (3)
1. April 1, 1930* Receivership
Newspaper Excerpt
The receiver Hamilton. The bank closed April 1930. The receiver Hamilton was handling the closed bank's affairs (article mentions receiver Hamilton).
Source
newspapers
2. April 1, 1930* Suspension
Cause
Government Action
Cause Details
Bank closed and a receiver (Hamilton) was appointed after suspension/closure in April 1930; articles do not describe a run prior to closure.
Newspaper Excerpt
The bank closed April 1930.
Source
newspapers
3. May 16, 1932 Other
Newspaper Excerpt
The Woodhull State bank paid ... approximately $16,000 ... The bank closed April 1930. The second dividend ... amounted to four per cent ... the receiver Hamilton.
Source
newspapers

Newspaper Articles (2)
1. March 21, 1931 The Daily Times Davenport, IA
Article from The Daily Times, March 21, 1931

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Article Text

Bank Receiver at Woodhull Is Sued By Shipping Assn. March ceiver of the Woodhull bank. made the defendant in Henry county circuit court brought by the Woodhull whereby collect which through the bank, one day after closed doors. that the bank had no legal right receive amount after had become Attorney E. Stickof Galesburg the ney and Wallace shipping Thompson, also of Galesburg, represented Hamilton. The association shipped cattle 'worth to the Chicago marMarch The took April and the following the Stock Yards National bank sent the money Woodhull Judge Telleen took the under case started yesterday in circuit court this county, when declaration was filed the of Horberg, clerk the court, wherein Dorothea Anderson brings trespass the for against White of Kewanee and Herman Kretschmen of Cook county. alleged that the complainCarl Anderson, unskillfully treated by the Attorneys Brown and Higgs Geneseo Ray Lane represent Mrs Anderson.

2. May 16, 1932 The Rock Island Argus Rock Island, IL
Article from The Rock Island Argus, May 16, 1932

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Article Text

Closed Banks Make Dividend Payments (Special to The Argus.) May closed banks Henry and Stark counties paid over the week-end. The Woodhull State bank paid per cent, approximately $16,000. Forty cent had previously paid by this bank. The receiver Hamilton. The bank closed April 1930. The second dividend Scott. Walters bank oming amounted to four per cent, or approximately per cent dividend, approximately $22,had bank closed Carl Peterson. former treasurer, is receiver.