Farmers State Bank - Flanagan, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 25, 1932
Location: Flanagan, Illinois (40.878, -88.861)

Metadata

Model: gpt-5-mini
Short Digest: 0517ced6

Response Measures

None

Description

Article (Chatsworth Plaindealer, 1932-02-25) states the Farmers' State Bank of Flanagan was closed and placed in the hands of a receiver; it has been paying dividends (fifth dividend) from receiver distribution. No run is described in the text. Classified as suspension leading to closure/receivership.

Events (1)

1. February 25, 1932 Receivership

Newspaper Excerpt: Paul Hahn, receiver for the Farmers' State Bank of Flanagan, has announced his fifth dividend since the bank was closed and placed in the hands of the receiver.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1932 Chatsworth Plaindealer Chatsworth, IL

Article from Chatsworth Plaindealer, February 25, 1932

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Article Text

Chewing Gum Heiress -See Dr. Seright for spectacles. Frank Knoll made a trip to Secor last Wednesday to see his father. He was accompanied by Albert King. The date for the Ford county fair at Melvin this year has been set for September 8-10. Mr. and Mrs. A. G. Walter were guests at a party at the home of Mr. and Mrs. Joe Leiser at Cullom last Friday night. Nine ladies from town were invited to a quilting bee at the home of Mrs. Floyd Hevener near Piper City one day last week. The ladies also partook of a sumptuous noon day meal which was the big feature of the day. Paul Hahn, receiver for the Farmers' State Bank of Flanagan, has announced his fifth dividend since the bank was closed and placed in the hands of the receiver. The fifth dividend will consist of five per cent, making total of 45 per cent to be paid to depositors thus far. Two robbers entered the Burns & Voight garage at Ashkum at 2:30 Thursday morning, February 11, forced Frank Voight, the proprietor, to open the safe, from which they obtained about $17. and then made their escape in John Phillips' Ford sedan. Before making their getaway, the bandits securely bound the proprietor and cut the telephone wires. Miss Helena Aaron went to Strawn Saturday to attend the funeral of her sister-in-law, Mrs. George Aaron, on Sunday. Miss Bernice Kratz had charge of the library in Miss Aaron's absence. Miss Belle Marr's condition has not changed much the past week. Her condition is still considered critical on account of her age. She is reported to rally at times only to lapse into coma state. The Arthur Cording family who moved from the farm to their residence property near the village park for the winter, have moved back to the farm. Addis Gard and family moved from the Grotevant property to the Cording property Saturday. John Gelmer, Jr., who has been bookkeeper at the Baldwin garage for the past eight years and secretary of the Baldwin Chevrolet Company, Incorporated, since its organization, relinquished his duties Saturday evening Mr. Gelmer had not decided on his future activities when seen by a Plaindealer reporter but was considering another business proposition. Mrs. A. J. Sneyd, who is still in Louisville, Kentucky, writes that her daughter-in-law, Mrs. Leo A. Sneyd, was taken to her home in Louisville from hospital Monday While she is still very weak, Mrs. Sneyd is making favorable progress in her recovery from an extremely critical illness. Edward Cooney, clerk of the local camp of Modern Woodmen of America, has delivered to Mrs. Perkins, in person, as beneficiary of her late husband, Ora J. Pérkins, a check for $1,000 in payment of the insurance certificate held in the society of the deceased. Mr. Perkins was a member of the society for 24 years, 3 months and 1 day, and during that period his assessments totaled $198.60. The Standard school, district No. 243, observed the Washington bicentennial anniversary with a good program Monday. The forenoon program, under the direction of the teacher, Miss Leona Martis, included two short plays written by the pupils. The first, by the seventh and eighth grades, was "The First Flag"; the second, produced by the lower grades was entitled "Cutting Down a Cherry Tree." Recitations and songs were also part of the program. For afternoon entertainment the teacher and eleven pupils marched to the Nick Nimbler home and there listened to radio programs given in honor of Washington. Mrs. Nimbler surprised the guests with a generous service of cherries and cake. Mr. and Mrs. F. W. Kaiser were Chicago viistors Monday. Marion Gray, of Pekin, was visiting with relatives here the fore part of this week. Miss Floy Hooker, of Chicago, was a week-end guest of Miss Kate Kohler. James Hollywood, of Kankakee, visited his grandmother, Mrs. John Mauritzen, here this week. Mr. and Mrs. John Boughton motored to Gridley last Sunday and were the guests of the former's sister, Mrs. Ben Alexander, and family The school children of Chatsworth heard the Washington memorial programs Monday forenoon. Both the high school and the grade chool were supplied with 11-tube radios by K. R. Porterfield. -Three new $150 Philco Musical Instruments will be given away absolutely free in this state. For information read the ad on page 3 of this Plaindealer. L. J. Haberkorn, J. Lester Haberkorn, Karl Denton and L. B. Worman motored to Monticello, Ind., on Tuesday to hear Governor Murray speak. Mr. and Mrs. Joe Grotevant, of Pontiac, visited in Chatsworth the first of the week. They are making arrangements to move into their dwelling here about the first of March. Roy Herron, brother-in-law of G. F. and R. E. Bennett, was injured in an automobile accident at LaFayette, Ind., Saturday. Full particulars are not available, but it is understood that Mr. Herron sustained skull injuries and only regained consciousness after being taken to a hospital. His mother, who lives in Piper City, was summoned to his bedside and has not returned home. Mrs. Ora Perkins, with her family, moved into the residence known as the Edo Gerdes place just west of town a few days ago. Since moving Mrs. Perkins has been confined to her bed with the flu. Improvement is reported this morning. Mrs. Margaret Lawless and her son, Will, have both been ill at the former's home in Chatsworth. Miss Margaret Lawless, nurse, came down from Chicago to care for her mother and brother. The news this morning is that both are making favorable progress in their recovery. T. F. Reilly who was transferred from Fairbury to Chatsworth the first of the year as local manager of the C. I. P. S., will be transferred soon to Paxton, where he will again take up the work of salesman for the company. Mr. Reilly's successor is expected to be Watseka man whose name was not available this forenoon. NORMAL MEN IN ACCIDENT While journeying to Chatsworth Friday forenoon from Normal, Arthur Pearson and M. A. Brown, both of Normal, were in an automobile wreck about 11 miles west of Sibley on Route 165. Neither man was hurt badly but the car received some damage. Mr. Pearson was driving Mr. Brown's large car. When they pulled over to pass another vehicle on the pavement something went wrong with the steering gear and the driver was unable to control the car. It ran into ditch beside the road and turned over. John Wilson and son were coming to Chatsworth and witnessed the accident They hurried to the scene of the accident expecting to find the occupants killed. However, Mr. Pearson stuck his head out of the door and the Wilsons and others assisted in righting the car. Both men received some bumps on the head and few scratches. Mr. Pearson was former resident of Chatsworth vicinity and Mr. Brown owns a farm southwest of Chatsworth. Mr. Wilson lived on one of the Staddard farms east of Chatsworth and is moving to a farm near Colfax. ANOTHER ENTERS RACE Livingston county Republicans will have at least two candidates for the state legislature. Clair E. Kohler, Chatsworth supervisor and Calistus A. Bruer, Pontiac farmer and a former representative, have filed their petitions. Fred E. Bestold, of Lacon, will also be a candidate. Chas. Turner, of Wenona, and Mr. Bestold, both from Marshall county are the Republican at present, together with Michael Fahy, also of Marshall county. Mr. Turner had not entered the race at last accounts for re-election, but Mr. Fahy will have opposition for the Democratic nominattion. VILLAGE ELECTION DUE SOON The terms of several village officers will expire this spring and their successors will be chosen at the annual April election. The terms of William Baldwin, John Feely and Charles Roberts as trustees terminate May 1st. Mrs. Kathryn Bork, as village clerk; and Dr. W. T. Bell and Mrs. Harriet Linn, as library trustees expire at the same time. GUESTS AT MASONIC PARTY Among the out of town people who attended the Washington bicentennial party Monday evening were Mr. and Mrs. H. W. McCulloch, daughter, Mary, and son, Walter.. and Miss Solliday, of Pontiac; Mr. and Mrs. Arthur Pearson, Misses Ruth Lillis and Pauline Pearson and Mr. and Mrs. Fisher, of Normal; Mr. and Mrs. W. D. Lewis and two children and L. E. King, of Forrest: Mrs. Frank Bennett, of Normal; Mr. and Mrs. Edward Blumenschein and son, Russell, of Chicago. ATTENDED CHICAGO FUNERAL Mr. and Mrs. A. A. Raboin were called to Chicago Wednesday to at tend the funeral services for Robert Barnett, a brother-in-law. Mr. Barnett's home was in Oxford. Kansas, but he was former resident of Kankakee and Chicago, where his parents are buried. He was a veteran of the Spanish American war and had been ill for some time. He died in Kansas Saturday. Mrs. Barnett is a sister of Mr. Raboin.