State Bank (Orion, IL)

Episode Information

Episode Type
Suspension → Reopening
Start Date
April 5, 1932
Location
Orion, Illinois (41.355, -90.382)
Bank Type
state
Routing Number
70-1004

Metadata

Episode ID
Bank ID
City ID
170415174
Model
gpt-5-mini
Short Digest

Notes

A receiver handled the closed bank in 1932; the institution is reported reopened in March 1933 after the banking holiday.

Events (3)
1. April 5, 1932 Receivership
Newspaper Excerpt
Arthens, the Orion State bank, filed seven confesin force payments loans made by the closed bank.
Source
newspapers
2. April 5, 1932 Other
Newspaper Excerpt
filed seven confesin force payments loans made by the closed bank
Source
newspapers
3. March 28, 1933 Reopening
Newspaper Excerpt
State Bank of Orion reopened this ing, without restrictions, having been observing state and national banking holiday since March
Source
newspapers

Newspaper Articles (2)
1. April 5, 1932 The Rock Island Argus Rock Island, IL

Article Text

Orion Bank Receiver To Obtain Judgments

(Special to The Argus.) Cambridge, April Arthens, the Orion State bank, filed seven confesin force payments loans made by the closed bank. The were filed for the June court and judgments will be entered.

2. March 28, 1933 The Rock Island Argus Rock Island, IL

Article Text

REOPENS

No Restrictions Henry County Institution Resumes Business This Morning:

(Special to The Argus.) Orion, March State Bank of Orion reopened this ing, without restrictions, having been observing state and national banking holiday since March Walker W. Kerr. cashier, receivcommunication from Edward Barrett, auditor of public accounts, at midnight last night, authorizing the institution to sume business this morning. would have reopened some time ago but for the delay sioned getting from the state auditor's office, which has been flooded with work since the state holiday clared,' one of the bank's officials Henry county now has five banks operating. Besides the Orion bank, the two national institutions Geneseo and the state banks at and Osco are open.