5061. Morrison State Bank (Morrison, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
June 1, 1933
Location
Morrison, Illinois (41.810, -89.965)

Metadata

Model
gpt-5-mini
Short Digest
c9c27743

Response Measures

None

Description

Newspapers show Morrison State Bank had a receiver appointed by June 1933 and was in receivership; no mention of a deposit run. Later October 1933 article discusses consolidation of receiverships in the county. Thus the bank suspended and entered receivership (closure) rather than a run-driven event.

Events (3)

1. June 1, 1933 Receivership
Newspaper Excerpt
Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison.
Source
newspapers
2. June 1, 1933 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership (state-appointed receiver listed in June 1933 newspaper report).
Newspaper Excerpt
Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison.
Source
newspapers
3. October 19, 1933 Other
Newspaper Excerpt
Prophetstown, Oct. ... The receivers Paul Carlson, Citizens' State bank Prophetstown. ... McCall. Morrison State bank. ... request to consolidate receiverships the county ... belief that Mr. Ruckman of Sterling will be appointed receiver for all banks ... not asked to preparation rooms, and public system large crowds, when all can not be seated.
Source
newspapers

Newspaper Articles (2)

Article from The Thomson Review, June 1, 1933

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Article Text

Sand Burs Fos. have been Interesting figures week which light this brought to of liquidthat the procedure show to the is quite costly bank ating community; and also quite producwho have an opportive to those tunity of partaking of the same. The figures given below are taken from Saturday's issue of the Rockford Daily Journal, and give in our territory instances of banks been in receivers have where charge. State Bank. Receiver, Hanover John C. McKenzie, total fees and $750.00. Attorney to date salary Tear, Galena, receiver, Harry for fees not yet amount of attorney's decided. Leaf River State Bank Receiver, Geo. B. Banning, total fees and Attorsalary to date, D. D. Madden, for receiver, ney Rockford, amount of attorney's fees not decided. yet Lyndon First State Bank. Receiver, Glenn Craddock, total fees and salary to date $1,450.00. AtJohn A Riorfor receiver, torney dan, Morrison, total attorney's fees date, $800.00. to State Milledgeville. Shumway Bank. Receiver, W. R. Clough, total fees and salary to date, $2,554.73. Attorney for receiver, Chas. E. Stuart, Mt. Carroll, amount of attorney's fees not yet decided. Elizabeth Exchange Bank. Receiver, L. C. Lundgren, total fees and to date, $1,446.00. Attorney salary for receiver, Louis A. Nack, Galena, total attorney's fees to date $646.25. (Louis A. Nack member of the District Democratic Executive Committee, supporting Mr. Shaw's campaign). Forreston. Comm. State Bank. Receiver, H. H. Baldwin, total fees and salary to date, $350.00. Attorney for receiver. Seyster Fearer, Oregon, amount of afterney's fees not yet decided. Franklin Grove. Citizens State Bank. Receiver, U. Weyant, total fees and salary to date $3.316.07. Attorney for receiver, Geo. Dixon, Dixon, partial attorney's fees to date, $500.00. Fulton. Whiteside County State Bank. Receiver. John C. Kadyk. total fees and salary to date $6.616.48. Attorney for receiver, A. M. Blodgett, Fulton, total attorney's fees to date. $6,747.65. Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison. total attorney's fees to date, Orangeville. State Bank of Orangeville. Receiver. Wilbur P. Cooper, total fees and salary to date. $2,672.60. Attorney for receiver. Louis H. Burreli, Freeport. amount of attorney's fees not yet decided. Polo State Bank. Receiver, W. T. total fees and salary to Schell, datefi $1,820.00. Attorney for receiver. Harry Typer. Polo. total attorney's fees to date. $732.00. Prophetstown. Citizens State Bank of Prophetstown. Receiver. Paul total fees and D. Carlson. to date, $2,100.00. for receiver. John Stager. Sterling. total attorney's fees to date. $1,180.00. Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler. total fees and salary to date. for receiver. Attorney Democratic ComLouis A. Nack, of Galena,


Article from The Dispatch, October 19, 1933

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Article Text

Five Whiteside County Men Get Letters from State Official. Prophetstown, Oct. all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign in sent to them this week Ray Drennan, auditor charge of working from the of the state auditor of public accounts. The receivers Paul Carlson, Citizens' State bank Prophetstown. Albert Brown, Tampico State bank. Glenn Craddock, Lyndon State bank. McCall. Morrison State bank. John Kadyk, Whiteside CounState bank at Fulton. The letter received Mr. Carlwhich derstood to similar to those sent the other men, that the object of the request to consolidate receiverships the county der man. that Carlresignation become effective October tomorrow. Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to preparation rooms, and public system large crowds, when all can not be seated.