First State Bank - Lyndon, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 28, 1922
Location: Lyndon, Illinois (41.718, -89.926)

Metadata

Model: gpt-5-mini
Short Digest: bf34193c

Response Measures

None

Description

Article (Rock Island Argus, 1922-01-28) reports appointment of a temporary receiver for the First State Bank of Lyndon and instructions to depositors to present books and receipts for verification. No mention of a depositor run; receiver appointment implies the bank is closed and in receivership.

Events (2)

1. January 28, 1922 Receivership

Newspaper Excerpt: Ezra Mathews of this city has been appointed temporary receiver of the First State Bank of Lyndon by State Auditor of Public Accounts Andrew Russell. The condition of the institution will be carefully probed by Mr. Mathew. Mr. Mathew as receiver has notified all persons having pass books, savings books and certificate of deposit to present them at the bank for verification.
Source: newspapers

2. January 28, 1922 Suspension

Cause Details: Article does not specify cause; receiver appointed and bank being probed for shortages but no explicit cause given.
Newspaper Excerpt: Ezra Mathews of this city has been appointed temporary receiver of the First State Bank of Lyndon by State Auditor of Public Accounts Andrew Russell.
Source: newspapers

Newspaper Articles (1)

1. January 28, 1922 The Rock Island Argus and Daily Union Rock Island, IL

Article from The Rock Island Argus and Daily Union, January 28, 1922

Click image to open full size in new tab

Article Text

RECEIVER FOR LYNDON BANK IS APPOINTED Ezra Mathews of Sterling to Have Charge of Institution-Ask for All Check Books. (Special Correspondence.) Sterling, Jan. 28.-Ezra Mathews of this city has been appointed temporary receiver of the First State Bank of Lyndon by State Auditor of Public Accounts Andrew Russell. The condition of the institution will be carefully probed by Mr. Mathew. Mr. Mathew as receiver has notified all persons having pass books, savings books and certificate of deposit to present them at the bank for verification. He has also asked that persons having safety deposit boxes or packages left in the bank for safe keeping to call at the bank and examine them. All persons holding receipts for papers are also requested to present them so that a check may be obtained on these. Not until a thorough check has been made on these pass books and other receipts will it be possible io know just how large the shortage will be at that bank. s Change Shoot Date. The Sterling Rod, Reel and Gun club met last night and decided that during the coming season they will hold trap shoots every other week instead of every Sunday as they did during the past year. It is expected that the Prophetstown club will run shoots on the Sundays opposite the ones on the local club shoots.