5216. Farmers State Bank (Reynolds, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 1, 1931*
Location
Reynolds, Illinois (41.330, -90.670)

Metadata

Model
gpt-5-mini
Short Digest
fb4ee5a5

Response Measures

None

Description

Articles (Sept 26 and Nov 12, 1931) report the Farmers State Bank at Reynolds closed in September 1931, a receiver (Harry E. Thompson) was named, and later the Illinois Attorney General filed a suit with audit findings. No explicit run is described; closure appears to be by appointment of a receiver (government action) after withdrawals over a period and audit deficiencies.

Events (3)

1. September 1, 1931* Suspension
Cause
Government Action
Cause Details
Bank closed in September 1931 and a receiver was placed in charge after withdrawals over a long period; closure effected by appointment of a receiver.
Newspaper Excerpt
bank closed Sept. ... The withdrawals over long period.
Source
newspapers
2. September 26, 1931 Receivership
Newspaper Excerpt
Harry E. Thompson ... has been named receiver for the closed Farmers State bank Reynolds. Mr. Thompson in charge of adjusting the bank's affairs ... bank closed Sept. ... The withdrawals over long period.
Source
newspapers
3. November 12, 1931 Other
Newspaper Excerpt
The suit is brought by Attorney General Oscar Carlstrom ... The bill claims there was in cash hand the St. the bank's closing; ... The bill claims there was ... findings state bank married in an audit of bank's ... The bill claims there was ... The bill claims there was ... assets listed ... Capital ... The suit is brought by Attorney General ... against the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Rock Island Argus, September 26, 1931

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Article Text

NAME REYNOLDS BANK RECEIVER Harry E. Thompson of Rock Island Placed in Charge of Accounts of Farmers State. (Special to The Reynolds, III., Sept. Thompson, 1600 street, Rock Island, has been named ceiver for the closed Farmers State bank Reynolds. Mr. Thompson in charge of justing the bank's affairs pected have statement ready the future showing the standing the bank's accounts. bank closed Sept. folThe withdrawals over long period.


Article from The Daily Times, November 12, 1931

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Article Text

SOUGHT Approval of Harry Thompson Four the Farmers' State bank Reynolds, which Sept. asked bill filed in Rock Island county circuit court today by Reidy Rock Island for the attorney genThe suit is brought by Attorney General Oscar Carlstrom Oscar auditor of public counts of Illinois against the bank. school. The findings state bank married in an audit of bank's Her fairs are set out follows: fixtures, $8,094.01. Total, brother, $25,000: Louis. Capital Joseph's The The bill claims there was in cash hand the St. the bank's closing; that capital the being and that assets listed Aid duties of the ceiver the bank asked of the court. Rock awarded to Mr and Mrs W. Davey Pleasant Valley, and Mrs Nelson Rock and land. luncheon table was tractively decorated with red. white. blue, and the menu carried out the same colors. Miss Mary Benld, coming Rock Island for the installation the women's to the Order Brith Sunday district meeting the order, will speaker the Friday services at Beth Israel ning addition to the address by Miss Katz, will review of the "Green play, The choir will give special of Sabbath melodies. Ruth's Band Meets Mrs 2103 EightRock Island, Mrs Mrs Mrs SniveAnderson entertained regular meeting of Ruth's Mission band Presbyterian church, Broadway Island, yesterday afternoon her home. Miss Margaret Walker led devotional service and Miss read from the study Montgomery Ambassador the Near East." Tea was served at the close of the meeting. On Dec. the annual Christmas tea be held at the home Davis, 605 street, Rock Island. ation Fathers Night Friday Father's be held night school the Parentthe Irving Teacher association Friday, Nov. and friends invited. John Hauberg are talk and program will be given during the The program will include tions the Harmonica the the saxophone giving school; Corder James Billy Rinck: numbers Betty Greenleaf, and Guy Salle; piano by Cather- be ine Beers and Jereme Jaecke, and voices from fourth, fifth and sixth grades. Second Circle Meets the Ladies' Aid society the Spencer Memorial Methodist church met yesterday afternoon he home of Mrs Williams, street, Island. regular meetand annual bazaar Gensociety will held Thursday, 19, at the home Mrs B. Stoaks, 809 Fortyfourth street, Rock Island. The December meeting will winter picnic home David, 621 street, Rock Island. Mrs Hans Hanson will serve picnic refreshments. To Have Contest Monday Under direction Rock Island Mrs Custerm, director gold medal contest for young the Trinity Episcopal church, The program will addition the High Scandal' which will directed by Mrs Custer. Athletic Club to Meet A. bridge party will be held by members the Woman's Athletic of Rock Island. The party will be held the home of Harry Eng. 2427 Twentieth avenue, Rock Island, Mrs George Clapper, assistant hostess and will begin Evans Circle Meets Ethel Evans circle of King's afternoon the Mrs Fred street, Rock Mrs Charles Miller hostess. The circle donated $10 to the Bethany Home and Visiting Nurse association drive, and ported garments cut made distributed the Welfare associclothing depot in October. basket will filled for family Thanksgiving day Mrs George Townsend. 1308 Twelfth street, will the circle luncheon Christmas party at her home, Dec. Longfellow meet Friday afternoon school. Thanksgiven by Rev. Evangelical Church program appropriate Thanksgiving day given. May Apply for Class may be the class the Rock Island and young who wishes ball team asked register at the association