Kane County Bank - Geneva, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 30, 1864
Location: Geneva, Illinois (41.888, -88.305)

Metadata

Model: gpt-5-mini
Short Digest: 50ee1604

Response Measures

None

Description

The article (Chicago Tribune, 1865-01-19) lists Illinois State Bank, New Haven, as being in liquidation with its notes redeemed at the Auditor's office. No run is mentioned; this is a closure/liquidation noted in the November 30, 1864 bank condition statement.

Events (1)

1. November 30, 1864 Suspension

Cause: Voluntary Liquidation
Cause Details: Listed as being in liquidation and notes redeemed at the Auditor's office according to the November 30, 1864 bank condition statement; no run or insolvency scandal described in article.
Newspaper Excerpt: Three banks, viz.: Bank of Ashland, at Golconda: Illinois State Bank, at New Haven; and Kane County Bank, Geneva; are in liquidation, their notes being redeemed at the Auditor's office.
Source: newspapers

Newspaper Articles (1)

1. January 19, 1865 Chicago Tribune Chicago, IL

Article from Chicago Tribune, January 19, 1865

Click image to open full size in new tab

Article Text

Number of acres in cultivation in whest..2,447.103 46 corn 4,014,077 Number of acres in cultivation In oth r field products $1,215,733 Total number ncres in cultivation in the year ISG2 7:706.915 A statement of the condition of Illinois banks on the 30th day of November, 1864, shows that there were twenty-three in operation, with an aggregate circulation of $199,364, secured by $252,684 17 in six per cent Illinois bonds. Three banks, viz.: Bank of Ashland, at Golconda: Illinois State Bank, at New Haven; and Kane County Bank, Geneva; are in liquidation, their notes being redeemed at the Auditor's office. A list of suspended banks/whose time for redemption has expired by limitation of law is given. They amount to ninety-two. The report contains a vast amount of information of immense value, presented in a clear and concise manner.