4791. Citizens State Bank (Durand, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 18, 1932
Location
Durand, Illinois (42.436, -89.332)

Metadata

Model
gpt-5-mini
Short Digest
b8dd422c

Response Measures

None

Description

Articles (Aug 1932) announce appointment of a state-appointed receiver for Citizens State Bank of Durand and notice to creditors; no run or reopening mentioned. Closure appears permanent (receiver appointed). Dates taken from the auditor's notice dated August 18, 1932.

Events (2)
1. August 18, 1932 Receivership
Newspaper Excerpt
George D. Banning ... has been appointed receiver for the Citizen's State Bank of Durand by Oscar Nelson, auditor of public accounts of the state Illinois. Banning arrived in Durand on Friday morning. Holders of safety deposit boxes will be able to get at them starting next Monday morning. Creditors the bank are asked to begin filing claims on Tuesday, September 6.
Source
newspapers
2. August 18, 1932 Suspension
Cause
Government Action
Cause Details
Auditor of Public Accounts appointed a receiver for the bank, effectively suspending operations.
Newspaper Excerpt
The undersigned Auditor of Public Accounts hereby gives notice that he GEORGE BANNING appointed Receiver of THE CITIZENS STATE BANK OF DURAND ... Dated this eighteenth day of Aug 1932.
Source
newspapers

Newspaper Articles (2)
1. August 25, 1932 The Durand Gazette Durand, IL
Article from The Durand Gazette, August 25, 1932

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Article Text

George D. Banning, former receivfor the Leaf River State Bank, has been appointed receiver for the Citizen's State Bank of Durand by Oscar Nelson, auditor of public accounts of the state Illinois. Banning arrived in Durand on Friday morning. Holders of safety de: posit boxes will be able to get at them starting next Monday morning. Creditors the bank are asked to begin filing claims on Tuesday, September 6.

2. August 25, 1932 The Durand Gazette Durand, IL
Article from The Durand Gazette, August 25, 1932

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Article Text

AUDITOR'S NOTICE OFFICE OF AUDITOR OF PUBLIC ACCOUNTS The undersigned Auditor of Public Accounts hereby gives notice that he GEORGE BANNING appointed Receiver of THE CITIZENS STATE BANK OF DURAND, Durand, Winnebago County, Illinois, and that the said GEORGE D. BANNING has bond and is the qualified and actReceiver of said bank. All persons having claims against said bank are hereby notified and quested to present the same to said Receiver forthwith and to make legal proof thereof. All indebted to said bank persons are requested to make immediate ment to the Receiver. Dated this eighteenth day of Aug1932. OSCAR Auditor of Public Accounts State of Illinois. 11-10