Woodhull State Bank - Woodhull, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: April 1, 1930*
Location: Woodhull, Illinois (41.179, -90.316)

Metadata

Model: gpt-5-mini
Short Digest: 0c8d6650

Response Measures

None

Description

Articles report Woodhull State Bank closed in April 1930 and a receiver (Hamilton) was appointed; later (May 1932) the receiver paid dividends. No article describes a depositor run. Cause of suspension is not given in the texts, so classified as 'other'.

Events (3)

1. April 1, 1930* Receivership

Newspaper Excerpt: The receiver Hamilton. The bank closed April 1930. The receiver Hamilton (mentioned as receiver).
Source: newspapers

2. April 1, 1930* Suspension

Cause Details: Article states the bank closed in April 1930 but gives no specific cause or trigger for the suspension.
Newspaper Excerpt: The bank closed April 1930.
Source: newspapers

3. May 16, 1932 Other

Newspaper Excerpt: The Woodhull State bank paid ... approximately $16,000. The receiver Hamilton. The bank closed April 1930. The second dividend ... amounted to four per cent ... bank closed ... is receiver.
Source: newspapers

Newspaper Articles (2)

1. March 21, 1931 The Daily Times Davenport, IA

Article from The Daily Times, March 21, 1931

Click image to open full size in new tab

Article Text

Bank Receiver at Woodhull Is Sued By Shipping Assn. March ceiver of the Woodhull bank. made the defendant in Henry county circuit court brought by the Woodhull whereby collect which through the bank, one day after closed doors. that the bank had no legal right receive amount after had become Attorney E. Stickof Galesburg the ney and Wallace shipping Thompson, also of Galesburg, represented Hamilton. The association shipped cattle 'worth to the Chicago marMarch The took April and the following the Stock Yards National bank sent the money Woodhull Judge Telleen took the under case started yesterday in circuit court this county, when declaration was filed the of Horberg, clerk the court, wherein Dorothea Anderson brings trespass the for against White of Kewanee and Herman Kretschmen of Cook county. alleged that the complainCarl Anderson, unskillfully treated by the Attorneys Brown and Higgs Geneseo Ray Lane represent Mrs Anderson.

2. May 16, 1932 The Rock Island Argus Rock Island, IL

Article from The Rock Island Argus, May 16, 1932

Click image to open full size in new tab

Article Text

Closed Banks Make Dividend Payments (Special to The Argus.) May closed banks Henry and Stark counties paid over the week-end. The Woodhull State bank paid per cent, approximately $16,000. Forty cent had previously paid by this bank. The receiver Hamilton. The bank closed April 1930. The second dividend Scott. Walters bank oming amounted to four per cent, or approximately per cent dividend, approximately $22,had bank closed Carl Peterson. former treasurer, is receiver.