Monroe Center State Bank - Monroe Center, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 25, 1931
Location: Monroe Center, Illinois (42.098, -89.001)

Metadata

Model: gpt-5-mini
Short Digest: 31cc531c

Response Measures

None

Description

Article (Leaf River Mirror, 1931-12-25) reports state examiners took charge after the bank 'failed to open for business' and lists officers. OCR typos corrected ('institufailed' -> 'institution failed', 'HowEychaner' -> likely 'H. W. Schaner' or similar uncertain cashier name) but bank identity and action are clear. No mention of depositor run; action was government/examiner takeover (suspension with receivership).

Events (2)

1. December 25, 1931 Receivership

Newspaper Excerpt: State examiners took charge of the affairs of the Monroe Center State bank Friday after the institution failed to open for business morning.
Source: newspapers

2. December 25, 1931 Suspension

Cause: Government Action
Cause Details: State bank examiners took charge after the bank failed to open for business.
Newspaper Excerpt: State examiners took charge of the affairs of the Monroe Center State bank Friday after the institution failed to open for business morning.
Source: newspapers

Newspaper Articles (1)

1. December 25, 1931 Leaf River Mirror Leaf River, IL

Article from Leaf River Mirror, December 25, 1931

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Article Text

MONROE CENTER STATE BANK FAILS TO State examiners took charge of the affairs of the Monroe Center State bank Friday after the institufailed to open for business morning. Officers of the bank Frank Hildebrand, vice president; and HowEychaner, cashier.