Bank of Kewanee - Kewanee, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 10, 1933
Location: Kewanee, Illinois (41.246, -89.925)

Metadata

Model: gpt-5-mini
Short Digest: fcb01156

Response Measures

None

Description

Article (Herald and Review, 1933-01-11) reports that receivers had closed banks throughout Illinois and that Kewanee bank had refused to pay dividends because an order stopping such payments had been issued. This indicates the bank was in receivership/closed by government action; no run is mentioned.

Events (2)

1. January 10, 1933 Receivership

Newspaper Excerpt: Receivers closed banks throughout Illinois Tuesday ... he had word from Kewanee that bank there had refused pay dividends on the ground order had been issued, stopping such payments.
Source: newspapers

2. January 10, 1933 Suspension

Cause: Government Action
Cause Details: State receivers closed banks in Illinois and an order was issued stopping dividend payments at the Kewanee bank.
Newspaper Excerpt: Receivers closed banks throughout Illinois Tuesday ... he had word from Kewanee that bank there had refused pay dividends on the ground order had been issued, stopping such payments.
Source: newspapers

Newspaper Articles (1)

1. January 11, 1933 Herald and Review Decatur, IL

Article from Herald and Review, January 11, 1933

Click image to open full size in new tab

Article Text

Bank Receivers Pay Dividends, No Salaries Receivers closed banks throughout Illinois Tuesday advised by State Auditor Edward Barrett, to disburse no monies for expenses or but to continue paying until further orders received from his office. The order was issued Mr. said when he had word from Kewanee that bank there had refused pay dividends on the ground order had been issued, stopping such payments. sent by mall and directed ceivers to disburse any funds closed banks for any purposes all, except for dividends. KILLED IN CRASH Peru, of Auburn, was burned death but his two companions caped with minor injuries when their airplane struck and burst into flames half north of here Tuesday after-