4829. Claudon State Bank (Fairbury, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 22, 1930
Location
Fairbury, Illinois (40.747, -88.515)

Metadata

Model
gpt-5-mini
Short Digest
b5476923

Response Measures

None

Description

The articles describe the Claudon State Bank as defunct and in the hands of a receiver (Illinois State Savings Bank, Pontiac). There is no description of a depositor run; instead the bank has been placed in receivership and dividend checks are being mailed to depositors. Therefore this is a suspension leading to permanent closure/receivership. OCR errors in the first article (garbled text) were corrected when extracting snippets.

Events (3)

1. June 22, 1930 Other
Newspaper Excerpt
mailed dividend checks depositors the defunct The payment aggregated $45,000. the third dividend... the three dividends approximating about ... percent
Source
newspapers
2. June 22, 1930 Suspension
Cause
Government Action
Cause Details
Bank was placed in receivership (put in hands of Illinois State Savings Bank, receiver) and is defunct; suspension/closure by receiver.
Newspaper Excerpt
receiver the Claudon State Bank Fairbury, mailed dividend checks depositors the defunct
Source
newspapers
3. November 7, 1930 Receivership
Newspaper Excerpt
the receiver the Claudon bank, of Fairbury, Friday receiver, the Illinois State bank, of Pontiac, filed answer. After the matter court entered the following order... the Illinois State Savings bank, Pontiac, receiver the Claudon State bank ... filed with Judge Baker in circuit court its final report. Court approved the report and entered order funds the hands of the receiver.
Source
newspapers

Newspaper Articles (2)

Article from The Pantagraph, June 22, 1930

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Article Text

Dividend Checks Mailed (Special The Pantagraph.) June Illinois State Savings bank. receiver the Claudon State Bank Fairbury, mailed dividend checks depositors the defunct The payment aggregated $45,000. the third dividend Cooper Funeral been the three dividends ap(Special The Pantagraph.) proximating about percent June body on deposit at the time the son of Mr and Mrs. bank Walter Cooper died recently at Reunion Be to Held rived Lincoln Saturday night (Special The Pantagraph.) The funeral be held PAXTON. June annual Goff funeral home the family day in charge held Sunday the Walker ton Burial will be Union one-half miles cemetery. west of Mrs. Jane St. John. (Special The Pantagraph.) June death Mrs. Jane widow the Van John, inent Logan county grain occurred home of her Mrs. Mayer, following an extended illness. She was born 28. Mr. and Mrs. John formerly lived New Holland, Mt. Pulaski and John died five years three children: Mrs. Mayer Lincoln: Alfred John. and bert John of Glendale The Stanley Ward will the funeral probably day the Mayer Water Burial will be Union cemetery. Claire Getty (Special The Pantagraph.) COLFAX June former resident died Friday at his


Article from The Fairbury Blade, November 7, 1930

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Article Text

Has Already Paid In ComAmount News of the Courts. of this city, recently with Judge Baker in the circuit court petition leave him of the receiver the case Oscar Nelson, auditor public accounts, against Claudon bank, of Fairbury, Friday receiver, the Illinois State bank, of Pontiac, filed answer. After the matter court entered the following order: appearing the court that the receiver collected claims against Claudon the addition which Claudon was entitled that the receiver made every sonable effort collect the balance and been unable execution otherwise and that the ceiver believes the best interest the creditors the bank to compromise balance, ordered receiver authorized said balance upon receipt him $2,000.' result of the above compromother against Claudon have Monday morning the circuit court the Illinois State Savings bank, receiver the ClauState bank, dismissed its for case damages against Claudon. Hanley and against which the on court docket months, release filed Monday morning receiver. This was pursuant authorentry made the the Illinois State Savings bank Bessie against others and Oscar Nelof public of the state against the Claudon State bank and others. Order of Distribution. The Illinois State Savings bank, Pontiac, receiver the partition action William Steers Frank and Friday, filed with Judge Baker in circuit court its final The report. court approved the report and tered order funds the hands of the The parties are from this city. Master Files Report in Local Case. Tuesburg, master chanMonday morning filed with Judge Baker the circuit court report of and conclusions of Stone Lumber company against Edith Morie Spence others, an action foreclosure. report recommended foreclosure, etc. The court later of foreclosure and for interest per from October 31 paid in ten days. Case Against Francis Skinner Dismissed. The case of the People Francis kinner, Fairbury, held the court Magistrate Louderback terday morning following the hearing the case missed Mr. Skinner released from bond. Quite number people from this vicinity were present yesterday morning Pontiac when the case tried. the warrant Mr. Skinner was charged with with deadly weapon, namely upon the person of Joseph E. Brown, of this the hearing yesterday two of the state's Charles and Dan Yoder, stated that while Mr. Skinner using hammer handed before argument with Mr. Brown startnumber of presented by the who told Mr. Skinner has his After the evidence Magistrate Louderback dismissed the case. Case Charles M. Thiss has suit the directed against Hallie Discho and others. case brought for the purpose Forrest 124 acres section 31, Pleasant Ridge township. Pontiac Grocery Closed. The Livingston County National bank, Pontiac, Tuesday afternoon obtained judgment by confession the circuit against Lee Neff, Pontiac, in the sum of $1,078.04. An immediate awarded and Sheriff Scarratt later the afternoon took charge the Neff that city, levying the grocery under the execution. store same has been closed the sheriff pending an adjustment. Jury Venire Drawn. The following venire petit has been drawn service circuit court couno'clock the foreTuesday, November Askew, Luther Buland, Pontiac. Charles Beaman, Pontiac. Cottrell, Pontiac. Pontiac. George Fisk, Pontiac. Adrian Frantz, John Broughton. Monroe Garland, Frank Newtown. Earl Chatsworth. Christian Waldo. William Legner, Sunbury. (Continued Page