John B. Colegrove & Company State Bank (Taylorville, IL)

Episode Information

Episode UID
70037671583
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7003767 routing
Routing Number
70-0376
Start Date
November 24, 1931
Location
Taylorville, Illinois (39.549, -89.295)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
7260404b6c00ee27

Response Measures

None

Description

Articles consistently refer to a receiver and liquidation; no run is described.

Events (4)
1. November 24, 1931 Receivership
Newspaper Excerpt
award... to the John B Colegrove and company state bank. ... receiver CAMP BUT RETURN of the John B Colegrove and company state bank. to their former ... will continue to hold the mortgages as security ... held by Robert G. Early, receiver ... of the John B Colegrove & Company State bank. ... Digby Large, receiver of the bank, stated that he would also secure an order ... to expedite liquidation of the bank.
Source
newspapers
2. November 24, 1931 Suspension
Cause
Government Action
Cause Details
Bank had been closed and a receiver appointed; assets (bonds) sold and state liquidated its deposit.
Newspaper Excerpt
receiver of the John B Colegrove and company state bank
Source
newspapers
3. March 28, 1932 Other
Newspaper Excerpt
appeal ... against Robert G. Earley as receiver of the John B. Colegrove & Company State bank regarding priority of claims; bonds returned to the receiver and sold by him
Source
newspapers
4. February 16, 1933 Other
Newspaper Excerpt
order authorizing W. T. Vandeveer to pay a $30,000 stock assessment to the receiver of the John B. Colegrove & Company State bank; agreement to expedite liquidation
Source
newspapers

Newspaper Articles (3)
1. November 24, 1931 The Decatur Daily Review Decatur, IL
Article from The Decatur Daily Review, November 24, 1931

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Article Text

Shamel Gets His $6,000 in Bonds Judge Directs Their Return by Bank Receiver. he received two mortgages from Josiah Hall's safety box as secur- The rest of the bonds have been sold and Judge Dove held that their equivalent in money was not preferred claim against the bank, but should go in with the rest of the claims. In the meantime, Shamel will continue to hold the mortgages as security which will protect him from heavy loss. 200 FLEE PENAL Taylorville Judge J. R. Dove. in the circuit court here Monday awarded $6,000 worth of bonds held by Robert G. Early, receiver CAMP BUT RETURN of the John B Colegrove and company state bank. to their former Trindad hundred conowner Charles H. Shamel. victs, lured on by reports of ready Mr Shamel loaned the bank work in Dutch escaped worth of for which

2. March 28, 1932 The Taylorville Daily Breeze Courier Taylorville, IL
Article from The Taylorville Daily Breeze Courier, March 28, 1932

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Article Text

HIGH COURT TO' HEAR SEVERAL LOCAL CASES Shamel Case Against Colegrove Bank Receiver and Maton Bros. Appeal is Among Cases to be Heard in Appeals Court. Several Christian county cases involving the priority of claims against Robert G. Earley as receiver of the John B. Colegrove & Com pany State bank of this city are awaiting attention of the trict appellate court at the April term, which convenes week from Tuesday at Springfield. The docket lists 37 cases subject to call during the term. Call of the docket will commence April 6. The first case is the War of the Roses" suit of Maton brothers of Pana, who were awarded $89,320.16 damages in Shelby county from the Central Illinois Public Service company for damage to rose plants. The appealed. The largest bank claim case involves Imperial Japanese and United States government bonds, in which the Christian county circuit court allowed Charles H. Shamel $6,394.08 preferred claim to be paid in full with interest and general claim shared pro rata with other creditors. State Sells Bonds Shamel turned the bonds over to the bank president, Colegrove, who delivered them to the state treasurer to secure a $10,000 state deposit in the Colegrove bank. The state sold some of the bonds to liquidate the deposit when the bank closed and the lower court classed the reimbursement petition of Shamel as a general claim. Bonds returned to the receiver, however, and sold by him, the lower court held, were Shamel's property at all times and he should be paid for them in full. April 6, the court will call the appeal of "Tango Joe" Bevilaequa of Taylorville, convicted of violating the gaming house ordinance.

3. February 16, 1933 The Taylorville Daily Breeze Courier Taylorville, IL
Article from The Taylorville Daily Breeze Courier, February 16, 1933

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Article Text

COURT ORDERS VANDEVEER PAY BANK $30,000 Agreement reached Whereby Assessment is to be Paid Colegrove Bank Receiver Without Interest or Costs Judge William B. Wright today issued an order authorizing W. T. Vandeveer to pay a $30,000 stock assessment to the receiver of the John B. Colegrove & Company State bank; without interest or cost. The assessment was based on 300 shares of stock formerly owned by Mr. Vandeveer. The matter was tagen into circuit court because of a ruling of the special master to the effect interest and cost should be added to the stock assessment. An agreement to waive the interest and cost was reached between attorneys for Mr. Vandeveer and the receivers of the bank. Digby Large, receiver of the bank, stated that he would also secure an order from the court to take the same course in he matter of all other stock assessments in order to expedite liquidation of the bank. It is understood that Mr. Vandeveer expects to pay the stock assessment at once.