Rock Grove State Bank - Rock Grove, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 22, 1933
Location: Rock Grove, Illinois (42.463, -89.512)

Metadata

Model: gpt-5-mini
Short Digest: 721c1726

Response Measures

None

Description

Article (Freeport Journal-Standard, 1933-11-22) lists Rock Grove among closed state banks in Stephenson County and states a receiver/deputy receiver will administer the closed state banks. No run or depositor agitation is mentioned; closure appears government-ordered with receivership and liquidation.

Events (2)

1. November 22, 1933 Receivership

Newspaper Excerpt: MADE RECEIVER FOR ALL CLOSED STATE BANKS ... Mr. Harrington ... deputy receiver for the closed state banks the county. ... The banks in the Stephcounty list ... Rock Grove ... Mr. receiver for the county's defunct institutions ... Auditor assigning banks certain districts to receivone ... Starting today business in connection Dakota and Rock Grove banks be transacted Union Bank and Trust offices, West Main street, port.
Source: newspapers

2. November 22, 1933 Suspension

Cause: Government Action
Cause Details: State auditor assigned a deputy receiver to administer closed state banks in the county; banks listed as closed by state action.
Newspaper Excerpt: The banks in the Stephcounty list, outside Freeare Dakota, Rock Grove, Orangeville and Pearl City.
Source: newspapers

Newspaper Articles (1)

1. November 22, 1933 Freeport Journal-Standard Freeport, IL

Article from Freeport Journal-Standard, November 22, 1933

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Article Text

MADE RECEIVER FOR ALL CLOSED STATE BANKS COUNTY made today that all closed state banks Stephenson county would administerthe future through offices William Chicago, has acting number closed banks throughnorthern the past Mr. for the Union Bank Freeport, and assisted here Deputy Receivdeputy receiver for the closed state banks the county. Mr. Harrington tinue deputy of the Union Bank and Trust The banks in the Stephcounty list, outside Freeare Dakota, Rock Grove, Orangeville and Pearl City. to the present been the process of liquidaunder and Mr. receiver for the county's defunct institutions with the announced Auditor assigning banks certain districts to receivone that methcuts down the costs of liquidaStarting today business in connection Dakota and Rock Grove banks be transacted Union Bank and Trust offices, West Main street, port.