First State Bank (Urbana, IL)

Episode Information

Episode UID
70025971531
Episode Type
Suspension โ†’ Closure
Bank Type
state
Bank ID
7002597 routing
Routing Number
70-0259
Start Date
July 1, 1927*
Location
Urbana, Illinois (40.111, -88.207)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
e1bad705f7bc8774

Response Measures

None

Description

OCR in Article 1 is garbled; evidence indicates closure/assignment in July 1927 but full details are sparse.

Events (3)

1. July 1, 1927* Suspension
Cause
Government Action
Cause Details
Bank closed in July 1927 with assignment/filing of assets suggesting official closing/receivership action.
Newspaper Excerpt
bank which was closed last July
Source
newspapers
2. July 8, 1927 Receivership
Newspaper Excerpt
assignment filed ... First State Bank ... Urbana ... assignment filed for first ... Aschheld the First the M. Champaign. Charles Homer, Douglas Urbana, $3,000 ... The is for $10.First State for money rowed the
Source
newspapers
3. December 8, 1927 Other
Newspaper Excerpt
They are drawn on First State Bank of Urbana, bank which was closed last July. ... The Federal ReBank had slips stating that the bank in question had been closed.
Source
newspapers

Newspaper Articles (2)

Article from The Pantagraph, July 8, 1927

Click image to open full size in new tab

Article Text

Former Bank President Over Real Estate Signs Urbana, July president of the First State Bank until taken three banks. today assigned Phillips, representing to apply $66,650 Two trust providing the assignment filed for first for which Aschheld the First the M. Champaign. Charles Homer, Douglas Urbana, $3,000 George Lawrence, The is for $10.First State for money rowed the


Article from JG-TC: Journal Gazette and Times-Courier, December 8, 1927

Click image to open full size in new tab

Article Text

Woman Strange in Cash From Business Houses. checks were cashed Forged Friday by three Mattoon last stores for strange, dark complexioned, plainly dressed woman who had made purchases before presenting her worthless All the checks were repaper. turned by the Central Illinois Trust and Savings Bank, after in turn had received them they back from the Federal Reserve Bank of Chicago. One the checks cashed was Gross one by Mrs. Herron for $24.50, and one by Yaden for $27.50. An attempt was made by the woman pass check Reynolds, grocer, South Seventeenth street, but failed. On Urbana Firm. Evidently the checks are being put by an organization of check passAll were written on crudely printblanks with rubber type bers stamped in the upper left hand corner, and bear the words: "Urbana, Dec. 1927. Sowers Corkey, Contractors and Builders." They are drawn on First State Bank of Urbana," bank which was closed last July. said the woman passed all the checks late on Friday afternoon, when the banks were closed. At the Herron place purchase of was made, and the woman was given $15.05 change. At the Gross store the purchase was $4, and $24.50 change and the Yaden store the chase was $3 and $24.50 change given the woman the forged On purchasing small bill ceries the Reynolds grocery presented the check, which Reynolds suspected, and asked man to secure good endorser or else the cashed elsewhere. The woman then asked him to hold the goods and she would get the check cashed and return for the groceries. Woman Gets $64.05 in Cash. All the victims have forged checks the same kind. The Federal ReBank had slips stating that the bank in question had been closed. Sowers Corkey of Urbana replied telephone inquiries that they had nevissued such checks, which purported bear the signature of W. Sowand were endorsed by Clark," which the name the woman gave. The woman secured and three the discovery of the forgeries not made known until today. there said to be little likelihood apprehending the she stranger. CHICAGO NABS ALLEGED GANGSTER OF LOUIS News Service. Chicago, Dec. fusillade of volver shots resulted in the capture here today of Louis Danberket of Louis, said to gangster, when lice attempted to arrest him as he an containing two loadshotguns. Two companions of Danberket fled down alley When the alleged St. Louis gangster attempted to follow them. police fired to intimidate DanDanberket refused to