Melvin State Bank - Melvin, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 12, 1933
Location: Melvin, Illinois (40.568, -88.248)

Metadata

Model: gpt-5-mini
Short Digest: b3dfd5ce

Response Measures

None

Description

OCRed article (Pantagraph, 1933-07-12) reports a receiver closed the Melvin State Bank and discusses payment of dividends (10% more) from stock assessment funds. No run or depositor panic is described. I corrected obvious OCR garbling in the article text when extracting meaning.

Events (2)

1. July 12, 1933 Receivership

Newspaper Excerpt: Melvin Bank Receiver ... the receiver closed Melvin State ... plans to pay 10 pct. more ... dividends have been paid ... additional 10 percent will ... from stock assessment fund ... awaits court order . . . received early Tuesday by Mr. ... (OCR corrected for clarity).
Source: newspapers

2. July 12, 1933 Suspension

Cause: Government Action
Cause Details: Bank was closed by a receiver (receiver had been appointed and closed Melvin State Bank); dividends being paid from assessment fund indicate formal receivership/liquidation.
Newspaper Excerpt: the receiver closed Melvin State ... Dividends to the amount of ... additional 10 percent will ...
Source: newspapers

Newspaper Articles (1)

1. July 12, 1933 The Pantagraph Bloomington, IL

Article from The Pantagraph, July 12, 1933

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Article Text

Central Illinois Deaths Mrs. August Trebes. Pantagraph Central Illinois Service. August Trebes Tuesday W. West Sibley, several illness. She born in Jan. 1857 and married Fred Trebes. After their marriage they sided the following Gibson City: Mrs. Ray Mrs Frank Pontiac Charles Moose Minn., Mrs. Fred Prestzlass and Mrs. of Sibley Mrs. Trebes member John's The funeral will be held Friday the W. and o'clock the The Edward officiate and burial will be Mt. Hope cemetery. Mrs. Dora Deavers. Pantagraph Central Illinois Service. death of Mrs. Dora Deavers. occurred Tuesday St. Clara's hospital following an illness of four months She was born Dec. 31, 1862 Logan county and years resided 605 Surviving are the following children: Mrs. Bertha Roy Leo Deavers. Lincoln: John and Mrs Minnie Mt. Brothers sisters Rial ConMt. Oregon: Frank Conoway, Jane Des and Mrs. Ada Warof The funeral held Wednesday from the Sheets Home charge the Rev. Robert Burial was Mt. Pulaski cemetery. Hendren Rites. funeral of Hendren. was killed Sunday Melvin Bank Receiver an auto held Friday the local Christian church. The Rev to Pay 10 Pct. More Cassius Garst will The services are pending the arrival the who stationed ceiver closed Melvin State McKinley camp bank, he plans Burial will be in percent dividend about cemetery This money will be paid from stock assessment fund which Mrs. Edward Giddings. available, but awaits court order. Edward Dividends to the amount of dings, Clinton known many percent have been paid people "Aunt died additional 10 percent will the Eastern Star sanitarium lease about $4,000 this commu- Macon. according word nity. ceived early Tuesday by Mr. and