4855. Whiteside County State Bank (Fulton, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 31, 1930
Location
Fulton, Illinois (41.867, -90.160)

Metadata

Model
gpt-5-mini
Short Digest
269b4d16

Response Measures

None

Description

Articles report the Whiteside County State Bank of Fulton closed its doors on January 31, 1930 and a receiver was appointed in early March 1930 by state authorities. No bank run is mentioned. Closure appears to be a state-administered suspension with receiver appointed, so classified as suspension_closure.

Events (3)

1. January 31, 1930 Suspension
Cause
Government Action
Cause Details
Bank was closed and examined by state bank examiners; state auditor/examiner involvement led to closure and information handled by state offices.
Newspaper Excerpt
the doors of which were closed on January 31.
Source
newspapers
2. March 7, 1930 Receivership
Newspaper Excerpt
John C. Kadyk of Fulton was appointed receiver for the bank by Auditor Nelson. and is now in charge of the. assets of the bank.
Source
newspapers
3. March 8, 1930 Receivership
Newspaper Excerpt
John Kadyk of Morrison recently was appointed receiver for the defunct Whiteside County State Bank at Fulton. The appointment was made by Attorney General Oscar Carlstrom.
Source
newspapers

Newspaper Articles (2)

Article from Sterling Daily Gazette, March 7, 1930

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Article Text

WILL DISCLOSE NO INFORMATION ON FULTON BANK Receiver Named For Closed Institution-Condition Is Not Divulged Chief Bank Examiner Nicholson of the office of Oscar Nelson. auditor of the state of Illinois. will not divulge the detailed list of liabilities and assets of the Whiteside County State Bank of Fulton, the doors of which were closed on January 31. Although the state bank examiners concluded their work at the Fulton bank more than week ago and submitted their report to State Auditor Nelson. their findings will not be announced A week ago The Gazette asked the two examiners who went over the books for statement. They stated that their report had been made to the office of the state auditor, and all information concerning the affairs of the institution could be obtained at Springfield. At that time The Gazette was told from Springfield there was nothing to report. Thursday John C. Kadyk of Fulton was appointed receiver for the bank by Auditor Nelson. and is now in charge of the. assets of the bank. Chief Bank Examiner Ray Drennan was in Fulton Thursday. turning all of the affairs over to Receiver Kadyk to untangle. Attorney General Caristrom has assigned David Kadyk. assistant attorney general. to represent the state in the receivership. Friday morning Receiver Kadyk was asked to make a statement relative to the findings of the bank examiners. Mr. Kadyk said he had no statement to make: that information concerning the assets and liabilities of the institution would have to be obtained from the state auditor's office. Springfield Chief Examiner Nicholson stated that no information would be given out.


Article from The Dispatch, March 8, 1930

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Article Text

MORRISON MAN NAMED FULTON BANK RECEIVER Prophetstown, March 8. John Kadyk of Morrison recently was appointed receiver for the defunct Whiteside County State Bank at Fulton. The appointment was made by Attorney General Oscar Carlstrom.