Park Ridge State Bank - Park Ridge, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: December 18, 1931
Location: Park Ridge, Illinois (42.011, -87.841)

Metadata

Model: gpt-5-mini
Short Digest: 07603881

Response Measures

None

Description

Multiple articles report the Park Ridge State Bank was closed Dec 18, 1931 by State Auditor at the request of its directors. A later article lists receiver accounting items for PARK RIDGE STATE BANK. Dec. 18, 1931, indicating receivership and permanent closure. No contemporaneous run is described.

Events (2)

1. December 18, 1931 Receivership

Newspaper Excerpt: PARK RIDGE STATE BANK. Dec. 18, 1931.] ... Balance due Receiver's salary and expenses. Clerical hire Legal expenses and attorneys' fees ... PARK RIDGE STATE BANK. Dec. 18, 1931.] Cash on Total Losses conversion of assets. Preferred claims Paid to per Balance due Receiver's salary and expenses.
Source: newspapers

2. December 18, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Closed by State Auditor Oscar Nelson at the request of the bank's directors (director-requested closure).
Newspaper Excerpt: The Park Ridge State bank northwest of here, had $100,000 capital and $32,000 surplus, with on deposit.
Source: newspapers

Newspaper Articles (3)

1. December 18, 1931 Omaha World-Herald Omaha, NE

Article from Omaha World-Herald, December 18, 1931

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Article Text

Bank Suspensions. Chicago, Dec. 18 Four banks in Cook county, three of them in western suburbs were closed today by State Auditor Oscar Nelson at the request of their directors. The Maywood State bank with $200,000 capital and similar surplus, had $1,100,000 on deposit. The Melrose Park State bank in the adjoining village had $200,000 capital, surplus and deposits totaling $800,000. The Park Ridge State bank northwest of here, had $100,000 capital and $32,000 surplus, with on deposit. The Ashland State bank of Chicago was capitalized at $250,000. had $33,000 surplus and $280 000 deposits. Its deposits 18 months ago were $1,600,000.

2. December 19, 1931 Omaha World-Herald Omaha, NE

Article from Omaha World-Herald, December 19, 1931

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Article Text

Bank Suspensions. Dec. 18 banks Cook three them in western suburbs were closed today by State Auditor Oscar Nelson the request Maywood State bank with capital similar suron deposit. Melrose Park State bank in the village had $200,000 capital, and deposits totaling $800,000 Park Ridge State bank northwest here had capital and surplus, with deposit. The Ashland State bank of Chicapitalized at had $33 surplus and $280,000 Its deposits 18 months ago were

3. January 25, 1933 Chicago Tribune Chicago, IL

Article from Chicago Tribune, January 25, 1933

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Article Text

LOS ANGELES COLD SPELL IS BROKEN AFTER 8 DAY SIEGE Los Angeles, Cal., Jan. 24.-[Special.) eight day siege in southern California came to at least temporary halt today. Clear skies and sunshine replaced the rain, snow, hall, and cloudy skies that have prevalled since a week ago yesterday. The thermometer fell to 40 degrees in Los Angeles during the night. Smudging ever. In the region of San however, the storm gave no of abating. Three persons have lost their lives in blizzards. Balance due Receiver's salary and expenses. Clerical hire Legal and attorneys' MARSHALL STATE BANK. 2, 1931.] Cash on hand. Total resources Losses conversion of Faid to per Balance due Receiver's salary and expenses. Cierical hire Legal expenses and attorneys' fees Miscel PARK RIDGE STATE BANK. Dec. 18, 1931.] Cash on Total Losses conversion of assets. Preferred claims Paid to per Balance due Receiver's salary and expenses. Glerical Legal expenses and attorneys' fees STATE BANK. [Closed 18, 1931.) 8,004 Cash on hand. Total Losses on conversion Preferred claims Paid to creditors per Balance due 899 and expenses. Clerical 10,346 Legal expenses and attorneys' fees 9,133 4,662 MELROSE PARK STATE BANK. [Closed Dec. 1931.) Cash on hand. 22.607 Total Losses on conversion of assets. Preferred claims paid 96,131 Paid creditors [10 per cent] 69 Balance due and expenses. 3,920 Clerical hire. Legal expenses and attorneys' fees Miscellaneous 6,306 MORGAN PARK TRUST AND SAVINGS 1,458 886 16,663 795,951 74,981 4,333 537.615 4,503 4,353 6,973 6,972 871 281 2,281 of fees [Closed Jan. 1932.] Cash on Total resources. Losses Preferred claims expenses.... 8.106 8,332 STATE BANK 11.111 431 of per expenses... attorneys' fees 165 NORTH AVENUE STATE BANK [Closed June 18, of 159,248