Peoples State Bank (Ramsey, IL)

Episode Information

Episode UID
70095071581
Episode Type
Suspension → Closure
Bank Type
state
Bank ID
7009507 routing
Routing Number
70-0950
Start Date
September 12, 1931
Location
Ramsey, Illinois (39.144, -89.109)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
6a0af0cc83c90bb8

Response Measures

None

Events (2)
1. September 12, 1931 Other
Newspaper Excerpt
the defunct Peoples State bank Ramsey decision circuit court Ruling the seventh indictment withheld Trial of the former bank officers set for ... they are charged with confidence game deposits ... the bank contends that both The the $30,000 deposit and the securities are classed among assets the Rep. Arthur Roe. representing the
Source
newspapers
2. June 18, 1932 Receivership
Newspaper Excerpt
Conner, receiver for the People's State Bank of Ramsey ... he had mailed out checks to the depositors of the Ramsey bank for 15 per cent dividend. This brings the total dividend paid up to 45 per cent.
Source
newspapers

Newspaper Articles (2)
1. September 12, 1931 Herald and Review Decatur, IL
Article from Herald and Review, September 12, 1931

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Article Text

UPHOLDS INDICTMENT OF Ruling Sustains Six of the Seven Charges Against Ramsey Pair TRIAL OCTOBER (Special to The Herald) Thomas Jett sustained six the dictments against Robert president. and the defunct Peoples State bank Ramsey decision circuit court Ruling the seventh indictment withheld Trial of the former bank officers set for The had sought have quashed. They are charged with confidence game deposits when aware that the bank solvent and with obtaining personal property under false pretenDecision on the latter ment was withheld Friday by Judge Jett. Another Hearing Sept. 22 Hunt and Smith are to have hearing Sept. connection transaction disclosed by Receiver Don of leged that Robert secured what amounted to loan of $30,000 from his brother. Hunt. in the presidency the bank H. Hunt given valued $30.000 Later the $30,000 cash received from the brother listed deposit and Hunt returned the securities the bank contends that both The the $30,000 deposit and the securities are classed among assets the Rep. Arthur Roe. representing the

2. June 18, 1932 JG-TC: Journal Gazette and Times-Courier Mattoon, IL
Article from JG-TC: Journal Gazette and Times-Courier, June 18, 1932

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Article Text

BANK RECEIVER SENDS OUT DIVIDEND CHECKS Vandalia, Ill., June Conner, receiver for the People's State Bank of Ramsey and the Bingham State Bank announced this week that he had mailed out checks to the depositors of the Ramsey bank for 15 per cent dividend. This brings the total dividend paid up to 45 per cent. He also paid 10 cent diviper dend to the stockholders of the Bingham bank. Depositors in the Bingham bank were paid in full without any stock assessment.