Citizens State Bank - Watseka, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1932*
Location: Watseka, Illinois (40.776, -87.736)

Metadata

Model: gpt-5-mini
Short Digest: 613a7505

Response Measures

None

Description

Article (The Paxton Record, 1932-02-04) reports Meents appointed receiver for Citizens State Bank of Watseka and instructs claimants to present proofs; no mention of a prior depositor run. Appointment of a receiver implies closure by authorities — classified as suspension leading to closure/receivership. OCR shows some missing words; date in article body reads 'Watseka, Jan.' so exact day not given; used 1932-01-00.

Events (2)

1. January 1, 1932* Receivership

Newspaper Excerpt: Meents Appointed Bank Receiver ... Mr. Meents will [settle] affairs ... opened to the public for settling accounts due bank ... All persons to the bank to make immediate payment to receiver.
Source: newspapers

2. January 1, 1932* Suspension

Cause: Government Action
Cause Details: Receiver (Meents) appointed to take charge and settle affairs; bank closed for settling accounts
Newspaper Excerpt: Meents appointed bank receiver ... for the Citizens State bank of Watseka ... Mr. Meents will ... affairs ... opened to the public for settling accounts ... All having claims against the bank are notified present the receiver make legal proof
Source: newspapers

Newspaper Articles (1)

1. February 4, 1932 The Paxton Record Paxton, IL

Article from The Paxton Record, February 4, 1932

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Article Text

Meents Appointed Bank Receiver Watseka, Jan. Meents, has for the Citizens State bank of Watseka by Oscar auditor Mr. Meents will affairs shape that opened to the public for settling accounts due bank adjusting claims. All having claims against the bank are notified present the receiver make legal proof of All persons to the bank to make immediate payment to receiver.