Woodland State Bank - Woodland, IL

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 1, 1931*
Location: Woodland, Illinois (40.714, -87.731)

Metadata

Model: gpt-5-mini
Short Digest: 34931da5

Response Measures

None

Description

Article (1947) states the bank had been closed since 1931 and a receiver had been involved; no mention of a run. Classified as suspension leading to permanent closure with receivership.

Events (2)

1. January 1, 1931* Receivership

Newspaper Excerpt: The former receiver for the bank, closed since 1931, asked the court to reopen a suit closed in 1937 and dispose of the profit.
Source: newspapers

2. January 1, 1931* Suspension

Cause: Government Action
Cause Details: Bank closed and a receiver was appointed (closed since 1931; receiver referenced in article)
Newspaper Excerpt: the Woodland (Ill.) State Bank will divide $1.23 ... The former receiver for the bank, closed since 1931
Source: newspapers

Newspaper Articles (1)

1. April 21, 1947 Evening Star Washington, DC

Article from Evening Star, April 21, 1947

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Article Text

Closed Bank to Split $1.23 for 20 Creditors By the Associated Press WATSEKA, Ill. - Twenty creditors of the Woodland (III.) State Bank will divide $1.23 as a result of a decision by Circuit Judge Roscoe C. South. The former receiver for the bank, closed since 1931, asked the court to reopen a suit closed in 1937 and dispose of the profit. The court did not name the source of the $1.23. The 20 creditors each will receive amounts ranging from 1 cent to 24 cents.