Dundee State Bank - East Dundee, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 25, 1933
Location: East Dundee, Illinois (42.099, -88.271)

Metadata

Model: gpt-5-mini
Short Digest: c74b19e3

Response Measures

None

Description

Article (1933-01-25) refers to H. D. Hemmens as receiver of the Dundee State Bank and a court action to collect notes held by the receiver. No run or reopening is mentioned; receiver implies bank closed and in receivership.

Events (1)

1. January 25, 1933 Receivership

Newspaper Excerpt: H. D. Hemmens, receiver of the Dundee State Bank, a verdict of $21.032 in Kane county circuit court.
Source: newspapers

Newspaper Articles (1)

1. January 25, 1933 The True Republican Sycamore, IL

Article from The True Republican, January 25, 1933

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Article Text

Fulton Awards Bank Receiver Notes Law Suit Circuit Judge William J. Fulton of this city late last week awarded H. D. Hemmens, receiver of the Dundee State Bank, a verdict of $21.032 in Kane county circuit court. The case was against Albert W Schuring, of Dundee, and D. H. Duncan of Moline. Notes in the bank totalling $17,054.40 plus the accrued interest of $3,977.60 since Hemmens was appointed receiver. were the basis for the law suit. The court ruled that Receiver Hemmens was the innocent holder of the notes, and that the men must pay the total or make an appeal in higher court. The notes were issued for the purchase of lands on part of which are located Bonnie Dundee golf course.