First Trust & Savings Bank

Episode Information

Episode UID: 70030071599
Episode Type: Suspension → Closure
Bank Type: trust
Bank ID: 7003007 routing
Routing Number: 70-0300
Start Date: March 1, 1933*
Location: Sterling, Illinois (41.789, -89.696)

Metadata

Model: gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a6ea3369a86afcfa

Response Measures

None

Description

The bank is mentioned as a closed bank under a receiver (Ruckman) during a consolidation of receiverships in Whiteside County.

Events (2)

1. March 1, 1933* Suspension

Cause: Government Action
Cause Details: The bank was closed and under a receiver by October 1933, likely following the March 1933 banking holiday.
Newspaper Excerpt: all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling
Source: newspapers

2. October 19, 1933 Receivership

Newspaper Excerpt: Ruckman of First Trust and Savings bank Sterling... will be appointed receiver for all banks
Source: newspapers

Newspaper Articles (1)

1. October 19, 1933 The Dispatch Moline, IL

Article from The Dispatch, October 19, 1933

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Article Text

Five Whiteside County Men Get Letters from State Official. Prophetstown, Oct. all closed banks in Whiteside county, with exception of Ruckman of First Trust and Savings bank Sterling. asked resign in sent to them this week Ray Drennan, auditor charge of working from the of the state auditor of public accounts. The receivers Paul Carlson, Citizens' State bank Prophetstown. Albert Brown, Tampico State bank. Glenn Craddock, Lyndon State bank. McCall. Morrison State bank. John Kadyk, Whiteside CounState bank at Fulton. The letter received Mr. Carlwhich derstood to similar to those sent the other men, that the object of the request to consolidate receiverships the county der man. that Carlresignation become effective October tomorrow. Belief that Mr. Ruckman of Sterling will be appointed receiver for all banks strengthener the fact that he not asked to preparation rooms, and public system large crowds, when all can not be seated.