Geneseo Savings Bank - Geneseo, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: savings bank
Start Date: March 23, 1929
Location: Geneseo, Illinois (41.448, -90.154)

Metadata

Model: gpt-5-mini
Short Digest: 17bcd0eb

Response Measures

None

Description

Both articles (Mar and Oct 1929) describe the Geneseo Savings Bank as defunct with a receiver (McBroom) handling suits to recover assets. No article describes a depositor run; the bank is in receivership and appears permanently closed. I infer 'state' for a savings bank (no explicit 'National' or 'Trust' in name).

Events (2)

1. March 23, 1929 Receivership

Newspaper Excerpt: McBroom as receiver Geneseo Savings bank. now defunct Mr McBroom claimed ... (Special to The Argus.) Cambridge, Ill., March ... case ... presented. McBroom as receiver Geneseo Savings bank, now defunct.
Source: newspapers

2. October 25, 1929 Other

Newspaper Excerpt: The decision means that Harry W. Weimer holds the title to the property in question for benefit of creditors of Albert W. Weimer ... an outgrowth of the failure of the Geneseo Savings bank.
Source: newspapers

Newspaper Articles (2)

1. March 23, 1929 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, March 23, 1929

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Article Text

GENFSEO LAND FINISHED AT Evidence Completed in Suit by Bank Receiver to Recover on Sale Contract. (Special to The Argus.) Cambridge, III., March case of McBroom of Geneseo against Henry L. Goembel. also of Geneseo. completed yesterday before Judge Leonard E. Telleen as far as presentation of evidence concerned. Judge Telleen will decision The case graw out of of contract to purchase land presented. McBroom as receiver Geneseo Savings bank. now defunct Mr McBroom claimed that Mr. Goembel purchased farm by the bank and failed to keep his contract Goembel stated that he appraised the value of the farm and did know that he signing contract purchase the property He claimed that the contract which appears pears misrepresented to him.

2. October 25, 1929 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, October 25, 1929

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Article Text

BANK RECEIVER AT GENESEO IS WINNER IN SUIT Master Hands Down Decision in Action Over Sum Held by Harry W. Weimer. (Special Correspondence.) III., Oct. John Cummings, special masterof Henry county, has handed down decision N. McBroom, receiver of the Geneseo Savings bank, his case against Harry and Albert W. Weimer. Geneseo. The decision means that Harry W. Weimer holds the title to the property in question for benefit of creditors of Albert W. Weimer. sum between $1,600 and $1,700 involved in the case, which an outgrowth of the failure of the Geneseo Savings bank. Twenty pages of findings were