Morrison State Bank - Morrison, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: July 21, 1933
Location: Morrison, Illinois (41.810, -89.965)

Metadata

Model: gpt-5-mini
Short Digest: 801c95ff

Response Measures

None

Description

Article is a receiver's report for Morrison State Bank (receiver McCall) dated in July 1933. It indicates a receiver was appointed and the bank remained in receivership/closed — no contemporaneous run is mentioned in the article.

Events (2)

1. July 21, 1933 Receivership

Newspaper Excerpt: Receiver's Report Is ... McCall, receiver for the Morrison State bank, has forwarded tion report of receipts and disbursements ... to the state auditor.
Source: newspapers

2. July 21, 1933 Suspension

Cause: Government Action
Cause Details: Bank under a court/state-appointed receiver (report forwarded to state auditor); indicates closure by authorities and receivership.
Newspaper Excerpt: McCall, receiver for the Morrison State bank, has forwarded ... report of receipts and disbursements of the bank
Source: newspapers

Newspaper Articles (1)

1. July 21, 1933 The Dispatch Moline, IL

Article from The Dispatch, July 21, 1933

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Article Text

Receiver's Report Is Morrison, July McCall, receiver for the Morrison State bank, has forwarded tion report of receipts and disbursements of the bank for the period from Dec. 17, 1931, to June 1933, to the state auditor. Total receipts were $125,539.60, dividends paid in amount Complete report and follows: Receipts: Notes and discounts, cash items, cash, discovered, $271.14; rents, miums and interest, Disbursements: Preferred claims paid, receiver's salary, $3350; expense, torney's fees, legal $309; clerk express and registers, printing and plies, jani$327; receivbond, $250; federal land bank taxes ments, rent, light heat $226.83; appraiser's miscellaneous payable and counts paid, banking partment special examination $150; common dividends paid, 866.57. Balance in hands of ceiver, Stockholder's liability receipts: collections from Disbursements: Accountant's fee expense, $400; attorney's $1500; legal expense, etc., other miscellaneous common dividends paid, $11,047.05; balance in hands ceiver,