Home Bank - Elgin, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 14, 1933
Location: Elgin, Illinois (42.037, -88.281)

Metadata

Model: gpt-5-mini
Short Digest: 7f92c46d

Response Measures

None

Description

Article (The Daily Herald, 1933-07-14) reports property being sold 'by the receiver' for the Home Bank, Elgin — indicates the bank was in receivership and its assets are being disposed. The clipping contains OCR errors; corrected phrasing in notes. No explicit mention of a depositor run in the text, so this is classified as a suspension/closure with receivership.

Events (2)

1. July 14, 1933 Receivership

Newspaper Excerpt: The former Dr. Gunn property ... will be handled by the Home Bank, Elgin ... Definite authority for its sale been secured by the receiver
Source: newspapers

2. * Suspension

Cause: Government Action
Cause Details: Bank placed in receivership and operations ceased; receiver authorized to sell bank-owned property.
Newspaper Excerpt: Definite authority for its sale been secured by the receiver
Source: newspapers

Newspaper Articles (1)

1. July 14, 1933 The Daily Herald Chicago, IL

Article from The Daily Herald, July 14, 1933

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Article Text

Arlington Homestead To Be Sold at Auction By Receiver The former Dr. Gunn property North State Road auction by the Home Bank, Elgin, Geo. Rue, The will be handby the estate Geo. AndreKrause Kehe are the selling agents from whom can This place has large State road and there are standing taxes or special ments the place. Definite authority for its sale been secured by the receiver and the place the bidder and is almost certain bargain for the person who bids clear title given.