State Bank - Loda, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 9, 1933
Location: Loda, Illinois (40.518, -88.072)

Metadata

Model: gpt-5-mini
Short Digest: 5a65bd64

Response Measures

None

Description

Article (The Paxton Record, 1933-11-09) states a receiver (Egley) has been appointed for the State Bank of Loda and a meeting of depositors is set for Nov 16 to assist in liquidation. No run is described. This indicates the bank suspended and is in receivership/liquidation (permanent closure).

Events (2)

1. November 9, 1933 Receivership

Newspaper Excerpt: Egley Receiver State Bank of Loda. n8-dwit ... meeting ... at which meeting would like have depositors attend. are appointed assist and the liquidathis bank. (notice announcing receiver and liquidation meeting).
Source: newspapers

2. November 9, 1933 Suspension

Cause: Government Action
Cause Details: A receiver (Egley) has been appointed and a depositor meeting called to assist in liquidation; bank placed in receivership by authorities.
Newspaper Excerpt: NOTICE TO DEPOSITORS OF BANK OF LODA ... meeting the Bank Loda will the Loda, Thursday, November 16th ... Egley Receiver State Bank of Loda.
Source: newspapers

Newspaper Articles (1)

1. November 9, 1933 The Paxton Record Paxton, IL

Article from The Paxton Record, November 9, 1933

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Article Text

County November term circuit court opened Monday morning with Judge Claude Saum presiding. The morning was taken with calling of the petit for weeks and calling the grand jury, One of the petit jurors sent and two asked to be excused, leaving 33, nine were excused lot, leaving 24, as required. Aretas Dayton, of Concord townabsent. Harry AmmerOnarga, asked excusbecause he undertaker, John of Prairie Green, asked to be excused of sickness in the family. The petit jury for the first two consists of Walter Krumwiede, Louis Wagner, Herman Redecker, Ed. Bushman, Henry Landrey, Dyer, Homer Remley, Ross Garfield, Charles Elberts, Taylor, Phillip Carl Tammen, William loway, Murrel Webster, Porter Dawson, John Books, Roger Cook, Andrew Hicks, Charles Cambridge, Earl Ikens, George Valencourt, Leslie Warrick, Frank Bishopp Metsker. After lengthy instruction, which he indicated that this was first petit jury to instruct since being elected, Judge Saum dismissed the petit for the morning. Three persons were missing from the grand Devine, John Dxter and Lamie; those present being John Miller, William Baker, Clifford Longton, William Eastburn, Nightengale, Emil Dieken, Harold Jensen, Henry DeWitt, Addison Goodell, Sam Bell, Charles Priest, Bailey William Schoolman, Hugh Conn, Hiser, William Lyons, George Lockhart, Ray Danforth, Charles Warner and Ray Hufford. After short instruction they retired the room with Nightingale as foreman and Stone door man. No report forthcoming as they retired for the day, late in the afternoon, but was indicated two cases had been heard by them. 4-H Club calves dispersed to many club last Friday afternoon by Farm Adviser Johnson for the baby beef project. The calves which had been purchased Johnson from the Crews Bros. ranch Childress, Tex., were shipped here last week and dispersed from the Hi Harms farm near Crescent City. Those who ceived calves were Jack Hodges, Milford; Walter Rasmussen Chebanse; Charles and Clarence Odle, Milford; John Johnson and Robert McCray, Cissna Park; Lucille Rheude, Sheldon; Levell Wood, Hoopeston; Robert Ash, Ashkum; Gilbert Wilken, Danforth; Velma Janssen and Russell Perkinson, Buckley; Ruth Rheude, Sheldon: Elwin Kesler, Cissna Park; Elmer Wilkin, Danforth; Charles Sailer, Cissna Park; Lloyd Wilken, forth; Paul Perkinson, Buckley; Howard Webster, Watseka: mer Wilken, Danforth; Leon seneau and Cletus Arseneau, verville; Erma Janssen, Buckley; Doland Conn, Thawville; Dale Yergler, Cissna Park; Ralph est, Buckley; Mardelle, Bernice and Dora Danforth, Victor Body, Woodland; Robert Gassett, Milford; and George Bauer, Woodland. Licensed to Wed The following obtained marriage licenses the county office during the past Oct. Buswell, and Elmer Judy, 20, both Oct. Ginlegal, and Harvey Darche, both Beaverville; Oct. Mae Dickenson, and Erland H. Nov. Zumwalt. of Martinton, Melvin Pew, 20, of Donovan: Dolly Belanger, 24, of Papineau, Eddie Yarman, Beaverand Howard Ransdell, 22, Armstrong. NOTICE TO DEPOSITORS OF BANK OF LODA meeting the the Bank Loda will the Loda, Thursday, November 16th. at which meeting would like have depositors attend. are appointed assist and the liquidathis bank. One vote will allowed for each depositor amounts and each additional deposit. Egley Receiver State Bank of Loda. n8-dwit Ella Fairvisited the Mrs. McQuiston Paxton Monday.