Homewood State Bank - Homewood, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: June 1, 1934
Location: Homewood, Illinois (41.557, -87.666)

Metadata

Model: gpt-5-mini
Short Digest: 25875e94

Response Measures

None

Description

Article (Chicago Heights Star, 1934-06-01) reports a receiver has been appointed for the closed Homewood State Bank and that the receiver applied for an RFC loan. OCR errors in the clipping (garbled words) were corrected; no explicit run is mentioned, only closure and receivership. Therefore classified as suspension leading to closure/receivership.

Events (2)

1. June 1, 1934 Receivership

Newspaper Excerpt: receiver for the ... closed Homewood State bank ... application for loan from the Reconstruction Finance corporation been proved the board of directors ... deputy In charge bank the grant of loan expected soon ... hearing circuit court in Chicago June 18
Source: newspapers

2. June 1, 1934 Suspension

Cause: Government Action
Cause Details: A receiver was appointed and the bank was closed, prompting application for RFC loan by receiver.
Newspaper Excerpt: receiver for the Wells closed Homewood State bank
Source: newspapers

Newspaper Articles (1)

1. June 1, 1934 The Chicago Heights Star Chicago Heights, IL

Article from The Chicago Heights Star, June 1, 1934

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Article Text

of Loan Will Assure Bank Dividend for Local Depositors In another section of this issue THE there published notice the effect that Ham receiver for the Wells closed Homewood State bank, school asking approval of Tudge Hugo June Friend for the pledging of certain The the collateral music loan from the Reconstruction Finance corporation The bank expects to Ward from the RFC funds now hand the available for distribution. should provide for plomas bank has school for almost and far the depositors have nothing in the way of The receiver application for loan from the RFC been proved the board of directors few modifications according Martin Maney deputy In charge bank the grantof loan expected soon Dr after the court granted The hearing circuit court in Chicago June 18 pital