Decatur State Bank - Decatur, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 14, 1926
Location: Decatur, Illinois (39.840, -88.955)

Metadata

Model: gpt-5-mini
Short Digest: 3577a2bb

Response Measures

None

Description

Article (Herald and Review, 1926-02-14) reports the receiver (John Schroll) mailing out 20% dividend checks to depositors of the insolvent Decatur State Bank — indicating the bank had failed and is in receivership. No mention of a depositor run; classify as suspension leading to permanent closure/receivership.

Events (1)

1. February 14, 1926 Receivership

Newspaper Excerpt: Receiver John Schroll the Thursday mailed out for 20 per cent all depositors ... the insolvent bank ... Decatur State bank's claim ... Receiver announced his authority to make that amount would roughly 20 per cent of deposit dividends ... mailed out to depositors of the bank.
Source: newspapers

Newspaper Articles (1)

1. February 14, 1926 Herald and Review Decatur, IL

Article from Herald and Review, February 14, 1926

Click image to open full size in new tab

Article Text

Slightly Less Than $200,000 Is Given Out Decatur Postmen Busy Last Week Delivering Checks to Farmers State Depositors According to closest estimates, totaling than depositors the insol vent bank. previReceiver John Schroll the Thursday mailed out for 20 per cent all depo single exception of the Decatur State Decatur State bank's claim, up for ination by of the bank. Receiver announced his for authority to make that amount would roughly per cent of deposit 20 per the withh Decatur State claim from $206. presumably the amount out to the live amount of deposit dividends received in would be something under it is estimated.