State Trust & Savings Bank

Episode Information

Episode UID: 70020971489
Episode Type: Suspension → Closure
Bank Type: savings
Bank ID: 7002097 routing
Routing Number: 70-0209
Start Date: January 1, 1924*
Location: Mattoon, Illinois (39.483, -88.373)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: e6b555a476d36f0a

Response Measures

None

Description

Article is a 1927 lawsuit recounting a closure in Jan 1924 and asset takeover; some dates/details are recounted in litigation so further records would help.

Events (2)

1. January 1, 1924* Suspension

Cause: Government Action
Cause Details: Closed by the auditor of public accounts (state banking authority) in January 1924.
Newspaper Excerpt: That the State Trust and Savings Bank was closed January by the auditor of public accounts is declared.
Source: newspapers

2. March 18, 1927 Receivership

Newspaper Excerpt: Guthrie Asks Receiver for Accounting and Judgment. ... suit was filed ... by R. Guthrie, receiver of the First State Bank of Mattoon, against stockholders of the State Trust Savings Bank ... after had failed.
Source: newspapers

Newspaper Articles (1)

1. March 18, 1927 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article from JG-TC: Journal Gazette and Times-Courier, March 18, 1927

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Article Text

Guthrie Asks Receiver for Accounting and Judgment. Special The March Charleston, filed in the circuit Suit was R. Real, of court today by Mattoon, attorney for receiver of the First Guthrie, State Bank of Mattoon, against stockholders of the State Trust Savings Bank and the bondsmen of that bank, who signed in favor of the First bond State Bank of Mattoon, guarit loss when anteeing against the First State Bank took over the assets of the State Trust and Savings Bank, after had failed. Suit For Accounting. The sult is for an accounting and asks judgment against the stockhold. the State Trust and Savings ers Bank to the extent of the value of the stock owned them. set in the that large ber of the stockholders the State Trust and Savings Bank have the First State Bank fifty per cent of the value of their stock par have obtained release of their stitutional liabilities as stockholders. judgment asked against No money such stockholders. $40,000 Due Bank. The bill alleges that there to the First State Bank of $40,000. also that sum of the amount due the First State not fully paid the shall be those bond the payment balance due. bond signed by the bondsmen for the State Savings and Trust for $200,000. stated the bill of particulars that Guthrie was appointed Oscar Nelson, auditor of public counts of the state of Illinois, ceiver for the First State and that he qualified position bond for 000, which bond was approved Auditor Nelson. Bank Closed January 1924. That the State Trust and Savings Bank was closed January by the auditor of public accounts is declared. There follows lengthy recitation of transfer assets that bank the newly ganized First State Bank and the execution of the bond guaranteeing the collection all moneys due the assets taken First State Bank of Mattoon. GOLF INSTRUCTOR KILLED. New York, March war veteran and Grant, world inent as instructor clubs of Great Britain, France golf and was instantly killed day when he seventh floor window of his apartment. FOOD Coal and Ice Co., 1501 Broadway, Alpha and Omega class, First Baptist church, Saturday, 19, beginning 3-18 FREE OIL. Ideal service station, and Marshall, Saturday, March