State Bank - Mansfield, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 6, 1930
Location: Mansfield, Illinois (40.211, -88.506)

Metadata

Model: gpt-5-mini
Short Digest: 30c08b9e

Response Measures

None

Description

Article (Herald and Review, 1930-03-06) reports the State Bank of Mansfield closed and has been...in liquidation and trustees selling land turned over by the president after a crash. No run described; bank is closed and in liquidation (permanent). OCR errors in the article corrected (State bank of ... Mansfield, closed and has been ... in liquidation).

Events (3)

1. March 6, 1930 Other

Newspaper Excerpt: Bank Trustees Sell Acres of Illinois Farm Land Turned Over By President in Crash; trustees completing disposition of land belonging to H. Mansfield sold ... land turned over by the president in crash and sale by trustees as part of liquidation process.
Source: newspapers

2. March 6, 1930 Receivership

Newspaper Excerpt: closed and has been ... in liquidation; trustees selling acres of land turned over by president.
Source: newspapers

3. March 6, 1930 Suspension

Cause: Bank Specific Adverse Info
Cause Details: President turned over farm land in crash; bank closed and placed in liquidation.
Newspaper Excerpt: the State bank of ... Mansfield, closed and has been ... in liquidation.
Source: newspapers

Newspaper Articles (1)

1. March 6, 1930 Herald and Review Decatur, IL

Article from Herald and Review, March 6, 1930

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Article Text

Bank Trustees Sell Acres of Illinois Farm Land Turned Over By President in Crash (Special The Herald) March largest transfer real estate owned one to be made in this viciniperson many years pleted by the Rinehart and agency when land belonging to H. Mansfield sold number individuals. The land all located vicinity most the being county. land prices ranging from $200 an the State bank of Two which Mr. Firke Mansfield, closed and has been president. Mr. Firke of liquidation. process 3,000 good Illinois owned which at that time decded trustee for disposition as to quirements Five Buy Acres The acres located northeast of Mansfield in Champaign was sold to five individuals county William Lyons of Mahomet chased 120 acres with good improve ments, $200 per George Howe of Mansfield purchased an improved 80 $180 per Katie Ritchie of Foosland bought at $185 per acre. Smith and John both of Belleflower, purchased and 35 unimproved, each $185 Mansfield Tract Brings $200 George Meyer Iowa purchased 185 of improved land which adjoins Mansfield northwest $200 Erastus Ohlman of Mansfield and Elizabeth Lang Lake, purchased the form north of Mansfield at $177 per acre. This well improved farm lying near the ridge which extends and the Mansfield. Lyle Smith Mahomet purchased proved tract east of Mansfield, $185 William Dighton Monticello, purchased short section containing 277 well improved land ar the village of field $200 an acre and Jacob lenworth of Mansfield bought unimproved tract adjoin Mansfield on the hard road an acre.