Hn Schuyler State Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 6, 1930
Location: Pana, Illinois (39.389, -89.080)

Metadata

Model: gpt-5-mini
Short Digest: 79d0fce1

Response Measures

None

Description

OCR corrected bank name to 'H. N. Schuyler State Bank'. Article states the bank was closed by State Auditor Nelson on Feb 6, 1930 and a receiver (A. W. Frankenfeld) handled assets; by Sept 1931 the president's home was auctioned by the receiver. No run is mentioned.

Events (2)

1. February 6, 1930 Receivership

Newspaper Excerpt: Receiver A. W. Frankenfeld bid in the property at $15,000. ... as an asset of the bank.
Source: newspapers

2. February 6, 1930 Suspension

Cause: Government Action
Cause Details: Closed by State Auditor Nelson on February 6, 1930; bank had liabilities over $2,000,000.
Newspaper Excerpt: was closed here Feb. 6, 1930. by State Auditor Nelson.
Source: newspapers

Newspaper Articles (1)

1. September 10, 1931 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, September 10, 1931

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Article Text

BANK PRESIDENT'S'HOME AUCTIONED AFTER CRASH Pana, III., Sept. 10.-An echo of the erash of the H. N. Schuyler State Bank. which was closed here Feb. 6, 1930. by State Auditor Nelson. with liabilities of more than $2.000,000, resounded yesterday afternoon, when the home of H. N. Schuyler, the 86-year-old presidentowner of the bank, was sold at foreclosure as an asset of the bank. Receiver A. W. Frankenfeld bid In the property at $15,000. It was erected '10 years ago at a cost of $50,000, and is probably the most beautiful residence place in central The north side of a room is always the honor side among Chinese and the host always sits there facing the south.