Merchants & Farmers State Bank (Sullivan, IL)

Episode Information

Episode UID
70054971621
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7005497 routing
Routing Number
70-0549
Start Date
January 15, 1935
Location
Sullivan, Illinois (39.599, -88.608)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
85e421f8651a7b5d

Response Measures

None

Events (2)
1. January 15, 1935 Receivership
Newspaper Excerpt
Judge J. L. McLaughlin has ordered William L. O'Connell, receiver of the Merchants and Farmers State Bank of Sullivan, to convey ... and to accept $1,500 in bonds
Source
newspapers
2. January 15, 1935 Suspension
Cause
Government Action
Cause Details
Bank was taken over and a court-appointed receiver was managing assets and authorized to sell property and fixtures.
Newspaper Excerpt
William L. O'Connell, receiver of the Merchants and Farmers State Bank of Sullivan
Source
newspapers

Newspaper Articles (8)
1. January 15, 1935 JG-TC: Journal Gazette and Times-Courier Mattoon, IL

Article Text

SULLIVAN BANK RECEIVER GETS ORDERS FROM COURT Sullivan, Ill., Jan. 15.—Judge J. L. McLaughlin has ordered William L. O'Connell, receiver of the Merchants and Farmers State Bank of Sullivan, to convey to Ethelbert W. Davis and Emma Davis eight lots in Sullivan and to accept $1,500 in bonds of the Home Owners' Loan Corporation, with the authorization to sell them. In a second petition, William L. O'Connell was authorized to sell at either public or private sale the furniture and fixtures of the Merchants and Farmers State Bank, which was taken over by the Sullivan bank. Furniture and fixtures were appraised at slightly more than $3,000.

2. January 15, 1935 Herald and Review Decatur, IL

Article Text

Bank Receiver in Moultrie Gets Orders By Staff Correspondent SULLIVAN — Judge J. L. McLaughlin in Moultrie county circuit court Saturday ordered William L. O'Connell, receiver of the Merchants & Farmers State bank of Sullivan, to convey to Ethelbert W. Davis and Emma Davis eight lots in Sullivan and to accept $1,500 in bonds of the home owners' corporation with the authorization to sell them. In a second petition, William L. O'Connell was authorized to sell at either public or private sale the furniture and fixtures of the Merchants & Farmers State bank and the Lovington State bank which was taken over by the Sullivan bank. Furniture and fixtures were appraised at slightly more than $3,000.

3. January 15, 1935 Herald and Review Decatur, IL

Article Text

Corn-Hog Committee The county's new corn-hog committee, appointed by Farm Adviser V. D. Evans, is composed of the following farmers: A. H. Schmidt, William Jansen, Henry Braun, Clarence Wilmeth, Wood Loy, John Feldhake, Ted Loy, all of Effingham; J. A. Ziegler, Edgar Slone, Henry Homann, J. H. Juelskoetter, Henry Strus, G. H. Buzzard, Martin Hasely, Bernhard Wolf, William Leppin, all of Altamont, George Fulte, Shumway; Albert White, Eldred Richars, Lovell Blunt, Ray Wood, K. O. Woody, L. Krabbe, all of Dieterich; Harry Claar, A. L. Abraham, both of Watson; Victory Robertson, Mike Aputis, Jr., Bernhard Bushue, all of Mason; John Scott, W. C. Turner, both of Beecher City; Frank V. Wilson, Edgewood; Joseph Vahling, H. O. Als, Teutopolis and B. A. Moeller, Wheeler. Benefit Share Promised At the committee's first meeting Farm Adviser V. D. Evans explained that current prices on corn and hogs may drop unless virtually all farmers take part in the 1935 corn-hog program. Effingham county farmers can by signing up not only protect their business but also share in benefit payments of about 60 thousand dollars, the farm adviser said. According to Mr. Evans it may be more difficult to induce farmers to co-operate this year as prices are much higher than last season. However, he warned, a surplus of corn this fall, followed by a heavy hog production, would certainly make for a drop in prices. Bank Receiver in Moultrie Gets Orders By Staff Correspondent SULLIVAN — Judge J. L. McLaughlin in Moultrie county circuit court Saturday ordered William L. O'Connell, receiver of the Merchants & Farmers State bank of Sullivan, to convey to Ethelbert W. Davis and Emma Davis eight lots in Sullivan and to accept $1,500 in bonds of the home owners' corporation with the authorization to sell them. In a second petition, William L. O'Connell was authorized to sell at either public or private sale the furniture and fixtures of the Merchants & Farmers State bank and the Lovington State bank which was taken over by the Sullivan bank. Furniture and fixtures were appraised at slightly more than $3,000. Shelby Schools Get $7,595 From State By Staff Correspondent SHELBYVILLE — Schools of Shelby county received a total of $7,595.09 from state sales and gasoline taxes levied during December, according to County Supt. W. Frank White. Of this sum $3,611.17 is the county's usual share of the sales tax; $3,067.26 was paid to elementary schools from gasoline tax, and $916.66 to high schools from the same source. In the previous month the money distributed to schools in the county amounted to $7,913.12.

4. January 15, 1935 The Decatur Daily Review Decatur, IL

Article Text

Bank Receiver in Moultrie Gets Orders By Staff Correspondent SULLIVAN — Judge J. L. McLaughlin in Moultrie county circuit court Saturday ordered William L. O'Connell, receiver of the Merchants & Farmers State bank of Sullivan, to convey to Ethelbert W. Davis and Emma Davis eight lots in Sullivan and to accept $1,500 in bonds of the home owners' corporation with the authorization to sell them. In a second petition, William L. O'Connell was authorized to sell at either public or private sale the furniture and fixtures of the Merchants & Farmers State bank and the Lovington State bank which was taken over by the Sullivan bank. Furniture and fixtures were appraised at slightly more than $3,000.

5. March 21, 1935 Herald and Review Decatur, IL

Article Text

Bank Receiver's Bond Approved in Moultrie By Staff Correspondent. SULLIVAN — Bond of Dennis Houlihan as permanent receiver for the Merchants and Farmers State bank of Sullivan was filed and approved in a short session of circuit court Wednesday morning with Judge C. Y. Miller on the bench. The final report of Charles A. Gregory, whom Houlihan succeeds, was filed and approved and a final fee fixed as $200 which is to be paid by the present receiver. Court was adjourned until 9:30 a. m., March 23.

6. March 21, 1935 The Decatur Daily Review Decatur, IL

Article Text

Bank Receiver's Bond Approved in Moultrie By Staff Correspondent. SULLIVAN — Bond of Dennis Houlihan as permanent receiver for the Merchants and Farmers State bank of Sullivan was filed and approved in a short session of circuit court Wednesday morning with Judge C. Y. Miller on the bench. The final report of Charles A. Gregory, whom Houlihan succeeds, was filed and approved and a final fee fixed as $200 which is to be paid by the present receiver. Court was adjourned until 9:30 a. m., March 23.

7. March 29, 1935 Lovington Reporter Lovington, IL

Article Text

BANK RECEIVER'S BONDS APPROVED AT SULLIVAN The bond of Dennis Houlihan as permanent receiver for the Merchants and Farmers State bank, of Sullivan, was filed and approved in a short session of circuit court Wednesday morning with Judge C. Y. Miller on the bench. The final report of Charles A. Gregory whom Mr. Houlihan succeeds, was filed and approved and a final fee fixed at $200 which is to be paid by the present receiver.

8. December 3, 1935 Shelby County News-Gazette Windsor, IL

Article Text

COUNTY BRIEFS Rowena Martin On Parole Miss Rowena Martin of Mattoon, convicted recently on a charge of forgery, was granted parole in circuit court at Charleston Saturday, following a report by Parole Officer A. J. Daily. Miss Martin will be required to report to Mr. Daily once each month for a year, telling where she is living, where she is employed, and where and how she spends her extra time. Sues Officers of Lovington Bank Receiver of the defunct Merchants and Farmers State Bank of Sullivan, which involved the former Lovington State Bank, has filed suit for accounting against officers and directors of the latter institution. The suit grows out of the consolidation of the Lovington bank with the M. & F. bank a short time before the M. & F. bank closed its doors.