Sadorus State Bank - Sadorus, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: February 10, 1926
Location: Sadorus, Illinois (39.967, -88.346)

Metadata

Model: gpt-5-mini
Short Digest: 7295fe43

Response Measures

None

Description

OCR errors in the article; corrected wording (e.g., 'appointed receiver' and 'bank examiners'). Article (Herald and Review, 1926-02-10) reports the Sadorus State Bank closed its doors and a receiver was appointed after bank examiners' action. No explicit run or depositor panic is mentioned.

Events (2)

1. February 10, 1926 Receivership

Newspaper Excerpt: NAME SADORUS BANK RECEIVER ... Citizens State of Champaign to Wind Up Affairs ... appointed receiver the Sadorus State bank which closed its doors ... the newly pointed receiver would have nothing to do with the administration of the assets ... bank examiners Tuesday afterThe report the examiners has Auditor ... said the affairs of the institution in the hands of the state ... preparing take over affairs the Sadorus bank Wednesday (OCR corrected in notes).
Source: newspapers

2. February 10, 1926 Suspension

Cause: Government Action
Cause Details: Bank examiners examined the institution and the bank was closed; a receiver was appointed following the examiners' report.
Newspaper Excerpt: Sadorus State bank which closed its doors ... appointed receiver ... bank examiners
Source: newspapers

Newspaper Articles (1)

1. February 10, 1926 Herald and Review Decatur, IL

Article from Herald and Review, February 10, 1926

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Article Text

NAME SADORUS BANK RECEIVER Citizens State of Champaign to Wind Up Affairs (By Staff Representative) State Bank of Champaign been appointed receiver the Sadorus State bank which closed its doors more than M. Burke, of the Citizens bank, said that the newly pointed receiver would have nothing to do with the administration of the assets turned by DeLong ful brothers the committee represent. the The appointed fol- to the of bank which by bank examiners Tuesday afterThe report the examiners has Auditor OsLong president the bank. said be would statement because the affairs of the institution in the hands of the state Mr Burke said that he preparing take over affairs the dorus bank Wednesday