Home State Bank (Princeville, IL)

Episode Information

Episode UID
70094071552
Episode Type
Run → Suspension → Reopening
Bank Type
state
Bank ID
7009407 routing
Routing Number
70-0940
Start Date
April 25, 1929
Location
Princeville, Illinois (40.930, -89.758)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a2635165f6433b10

Response Measures

None

Description

Closed by state auditor at directors' suggestion after heavy withdrawals driven by rumors about officers' private investments; articles state hope to reopen soon.

Events (3)
1. April 25, 1929 Run
Cause
Bank Specific Adverse Info
Cause Details
Rumors about the Auten brothers' private financial troubles and heavy land investments prompted depositors to withdraw funds.
Measures
Directors closed the bank to protect it and stem withdrawals.
Newspaper Excerpt
rumors started run the bank causing directors act close the bank
Source
newspapers
2. April 25, 1929 Suspension
Cause
Government Action
Cause Details
Bank was closed by State Auditor Oscar Nelson at the suggestion of the board after heavy withdrawals prompted by rumors about officers' finances.
Newspaper Excerpt
State Auditor Oscar Nelson this morning closed the Home State bank this city
Source
newspapers
3. May 10, 1929 Other
Newspaper Excerpt
It is said that none of the Auten affairs are connected with the bank. and for that reason hope is expressed that the bank will again open its doors soon.
Source
newspapers

Newspaper Articles (2)
1. April 25, 1929 The Daily Chronicle De Kalb, IL
Article from The Daily Chronicle, April 25, 1929

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Article Text

State Bank At Princeville Closed Today State Auditor Oscar Nelson this morning closed the Home State bank this city The bank was established in Peter Auten president, Cox president and Edward Auten. cashier. The Auten brothers' private affairs rumors started run the bank causing directors act close the bank protect denied the Auten private financial troubles effectthe bank any way and made that will probably reopen in few days.

2. May 10, 1929 Bureau County Tribune Princeton, IL
Article from Bureau County Tribune, May 10, 1929

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Article Text

Princeville Bank Closed Last Week The Home State Bank at Princeville closed last Thursday by State Auditor Oscar Nelson. at the suggestion of the Board of Directors of the bank. Rumors the Auten Bros. two of whom are offic ers and directors of the bank. President and Cashier brought about the closing Heavy investments in land by the Autens is said to have brought about the trouble and depositors. fearing that the bank would be connected. started withdrawal funds. It was this that made the Directors decide to close the bank is said that none of the Auten fairs are connected with the bank. and for that reason hope is expressed that the bank will again open its doors soon.