State Bank - Kempton, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 19, 1931
Location: Kempton, Illinois (40.936, -88.237)

Metadata

Model: gpt-5-mini
Short Digest: 41241c7b

Response Measures

None

Description

Article states the State Bank of Kempton was closed on December 19, 1931 and a receiver (Mr. Wilson) was appointed by the state Auditor on Feb 9, 1932. No run or depositor agitation is mentioned; sequence is suspension followed by receivership/closure.

Events (2)

1. December 19, 1931 Suspension

Cause: Government Action
Cause Details: Bank was closed (suspended) on Dec 19, 1931; subsequently state Auditor appointed a receiver.
Newspaper Excerpt: The bank was closed on December 19th, 1931.
Source: newspapers

2. February 9, 1932 Receivership

Newspaper Excerpt: Wilson has been appointed receiver of the State Bank of Kempton. Mr. Wilson ... received his appointment from Oscar Nelson, Auditor of Public Accounts, on February 9th. He has entered on his duties as receiver.
Source: newspapers

Newspaper Articles (1)

1. February 25, 1932 The Piper City Journal Piper City, IL

Article from The Piper City Journal, February 25, 1932

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Article Text

Kempton Bank Receiver Appointed 0. 1. Wilson has been appointed receiver of the State Bank of Kemp- ton. Mr. Wilson, who is a well known Kempton business man, received his appointment from Oscar Nelson, Auditor of Public Accounts, on February 9th. He has entered on his duties as receiver. The bank was closed on December 19th, 1931. -Sell it with a want adv.