Troy Grove State Bank - Troy Grove, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: November 2, 1931
Location: Troy Grove, Illinois (41.468, -89.083)

Metadata

Model: gpt-5-mini
Short Digest: ced45d85

Response Measures

None

Description

Article (The Times, Streator IL, 1931-11-02) lists appointment of receivers for several La Salle County banks, including Troy Grove State Bank. OCR errors in the article (garbled list of other banks) corrected; the entry for Troy Grove State Bank shows receivers were named, indicating a government-ordered closure/receivership. No mention of a depositor run in the text.

Events (2)

1. November 2, 1931 Receivership

Newspaper Excerpt: RECEIVERS OF SALLE COUNTY BANKS ARE NAMED ... Troy Grove State Bank, Andrews (appointment of receivers announced by State Auditor Oscar Nelson).
Source: newspapers

2. November 2, 1931 Suspension

Cause: Government Action
Cause Details: State Auditor Oscar Nelson announced appointment of receivers for several La Salle County banks, indicating the bank was closed by government action.
Newspaper Excerpt: Troy Grove State Bank, Andrews
Source: newspapers

Newspaper Articles (1)

1. November 2, 1931 The Times Streator, IL

Article from The Times, November 2, 1931

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Article Text

RECEIVERS OF SALLE COUNTY BANKS ARE NAMED Nov. State Auditor Oscar Nelson today announced the appointment of the various banks La Salle county, recently closed: Peoples Trust and Savings Bank Ottawa, Robert Smith. Ottawa Banking and Trust Com Joseph Utica State Bank, Weston sington. Serena State Bank macher. Troy Grove State Bank, Andrews