5326. Tampico State Bank (Tampico, IL)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 19, 1933
Location
Tampico, Illinois (41.630, -89.786)

Metadata

Model
gpt-5-mini
Short Digest
5db2b83d

Response Measures

None

Description

Articles (Oct 19, 1933) describe the Tampico State Bank as closed with a receiver (Albert Browne/Brown) submitting a receivership report and dividends being paid to depositors. No run is described; the bank is in receivership and appears permanently closed. OCR shows receiver name as Browne in one article and Brown in another; I preserved Browne as printed first but noted ambiguity.

Events (3)

1. October 19, 1933 Other
Newspaper Excerpt
to percent dividend, which make total of 15 paid since the closing of the bank ... Added the 10 percent already paid, total, will have been paid depositors of record the closing the bank. Checks being prepared ... the total which will amount to ... Checks being prepared, the total which will amount to ... (OCR).
Source
newspapers
2. October 19, 1933 Receivership
Newspaper Excerpt
Albert Browne, receiver for the Tampico State bank, has submitted his report for eighteen months ending Sept. 1933 ... The balance will permit dividend ... Checks being prepared... total which will amount to ... depositors of record the closing of the bank. The recently authorized an audit of the records ... completed by the auditors. (OCR preserved).
Source
newspapers
3. October 19, 1933 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership and closed by state receivership (state auditor/receivership consolidation referenced); closure appears due to official action during banking failures in 1933.
Newspaper Excerpt
Albert Tampico, Browne, receiver for the Tampico State bank, has submitted his port for eighteen months' ending Sept. 1933 ... Added the 10 percent already paid, total, will have been paid depositors of record the closing the bank.
Source
newspapers

Newspaper Articles (2)

Article from The Dispatch, October 19, 1933

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Article Text

Refund of Percent Will Be Made to Depositors Soon. Oct. Albert Tampico, Browne, receiver for the Tampico State bank, has submitted his port for eighteen months' ending Sept. 1933, to the positors' committee, and to percent dividend, which make total of 15 paid since the closing of the bank Browne's report shows the following: Receipts: From bond sales, overdrafts, items, etc. From payments notes. 32,583.51 From interest on notes and bonds Miscellaneous 4,274.50 Total receipts Disbursements: For bills payable and terest For preferred claims and state treasurer 29,623.68 For accrued expense prior to For expense due to ceivership 1,016.31 For operation mainte852.48 For receiver's salary and expense 2,743.03 For clerk and stenographer hire 1,895.00 For attorney fees and expense 4,195.52 For dividends 32,769.58 disbursements Balance Sept. 30, 7,835.13 Total disbursements plus balance hand The balance will permit dividend, and sufficient lections have from stockholders' to pay ditional percent, possible percent dividend. Checks being prepared, the total which will amount to Added the 10 percent already paid, total, will have been paid depositors of record the closing the bank. The recently authorized an audit of the records of the and this work has been completed by the auditors.


Article from The Dispatch, October 19, 1933

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Article Text

Five Whiteside County Men Get Letters from State Official. Prophetstown, Oct. all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign in sent to them this week Ray Drennan, auditor charge of working from the of the state auditor of public accounts. The receivers Paul Carlson, Citizens' State bank Prophetstown. Albert Brown, Tampico State bank. Glenn Craddock, Lyndon State bank. McCall. Morrison State bank. John Kadyk, Whiteside CounState bank at Fulton. The letter received Mr. Carlwhich derstood to similar to those sent the other men, that the object of the request to consolidate receiverships the county der man. that Carlresignation become effective October tomorrow. Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to preparation rooms, and public system large crowds, when all can not be seated.