Hanover Rural Bank (Hanover, IL)

Episode Information

Episode Type
Suspension → Closure
Start Date
June 1, 1933
Location
Hanover, Illinois (42.256, -90.280)
Bank Type
state
Routing Number
70-1009
Canonical name
Hanover State Bank
Alt. names
Hanover Rural Bank

Metadata

Episode ID
Bank ID
City ID
170409751
Model
gpt-5-mini
Short Digest

Notes

Multiple articles list the bank with a receiver; indicates permanent closure under receivership.

Events (3)
1. June 1, 1933 Suspension
Cause
Government Action
Cause Details
Bank placed in receivership with John C. McKenzie named receiver (state receivership action listed)
Newspaper Excerpt
State Bank. Receiver, Hanover John C. McKenzie
Source
newspapers
2. June 1, 1933 Receivership
Newspaper Excerpt
Hanover State Bank. Receiver, John C. McKenzie, total fees and $750.00.
Source
newspapers
3. January 11, 1934 Other
Newspaper Excerpt
Mr. Speer was formerly cashier the institution voluntarily turned this property bank receiver. The sale was the first farm sale the immediate territory ... receiver Hanover State
Source
newspapers

Newspaper Articles (2)
1. June 1, 1933 The Thomson Review Thomson, IL

Article Text

Sand Burs Fos. have been Interesting figures week which light this brought to of liquidthat the procedure show to the is quite costly bank ating community; and also quite producwho have an opportive to those tunity of partaking of the same. The figures given below are taken from Saturday's issue of the Rockford Daily Journal, and give in our territory instances of banks been in receivers have where charge. State Bank. Receiver, Hanover John C. McKenzie, total fees and $750.00. Attorney to date salary Tear, Galena, receiver, Harry for fees not yet amount of attorney's decided. Leaf River State Bank Receiver, Geo. B. Banning, total fees and Attorsalary to date, D. D. Madden, for receiver, ney Rockford, amount of attorney's fees not decided. yet Lyndon First State Bank. Receiver, Glenn Craddock, total fees and salary to date $1,450.00. AtJohn A Riorfor receiver, torney dan, Morrison, total attorney's fees date, $800.00. to State Milledgeville. Shumway Bank. Receiver, W. R. Clough, total fees and salary to date, $2,554.73. Attorney for receiver, Chas. E. Stuart, Mt. Carroll, amount of attorney's fees not yet decided. Elizabeth Exchange Bank. Receiver, L. C. Lundgren, total fees and to date, $1,446.00. Attorney salary for receiver, Louis A. Nack, Galena, total attorney's fees to date $646.25. (Louis A. Nack member of the District Democratic Executive Committee, supporting Mr. Shaw's campaign). Forreston. Comm. State Bank. Receiver, H. H. Baldwin, total fees and salary to date, $350.00. Attorney for receiver. Seyster Fearer, Oregon, amount of afterney's fees not yet decided. Franklin Grove. Citizens State Bank. Receiver, U. Weyant, total fees and salary to date $3.316.07. Attorney for receiver, Geo. Dixon, Dixon, partial attorney's fees to date, $500.00. Fulton. Whiteside County State Bank. Receiver. John C. Kadyk. total fees and salary to date $6.616.48. Attorney for receiver, A. M. Blodgett, Fulton, total attorney's fees to date. $6,747.65. Morrison State Bank. Receiver, W. total fees and Chas. salary to date. $2,300.00. Attorney for receiver, W. D. Little. Morrison. total attorney's fees to date, Orangeville. State Bank of Orangeville. Receiver. Wilbur P. Cooper, total fees and salary to date. $2,672.60. Attorney for receiver. Louis H. Burreli, Freeport. amount of attorney's fees not yet decided. Polo State Bank. Receiver, W. T. total fees and salary to Schell, datefi $1,820.00. Attorney for receiver. Harry Typer. Polo. total attorney's fees to date. $732.00. Prophetstown. Citizens State Bank of Prophetstown. Receiver. Paul total fees and D. Carlson. to date, $2,100.00. for receiver. John Stager. Sterling. total attorney's fees to date. $1,180.00. Stockton. Peoples State Bank of Stockton. Receiver. Jas. C. Fesler. total fees and salary to date. for receiver. Attorney Democratic ComLouis A. Nack, of Galena,

2. January 11, 1934 Freeport Journal-Standard Freeport, IL

Article Text

ELIZABETH ON NEW SITE EXPECTED MADE IN NEAR FUTURE Elizabeth. Jan. preliminary of the 10-acre tract of land survey west side Elizabeth, near the school property being acquired city park site, was Tuesday. The land completed located somewhat ideally and hoped that rough leveled off to afford ground may recreation field almost perfect When the figures completed the necessary work will be computed to make proposed changes. Mayor Long has been instrumental securing the property what described good figIn for his efforts appreciation in this instance but for not only number of years has served the city. has been suggested that park be designated "Long's Encounter Milk Strikers Truck drivers from vicinity to report that careful checkmade milk strike area of trucks Chicago each and one truck driver reported being stopped times before city two times upon Local trucks do not milk Chicago and have trouble with the strikers although they carefully watchThe trucks for of cargo said to firm their actions but have and for the drivers this territory. Held Yith decidedly better tone farm one the largest held in this vicinity years conducted the Arthur Speer place near Hanover Tuesday afternoon. The was conducted by John Mcreceiver Hanover State ns Mr. Speer was formerly cashier the institution voluntarily turned this property bank receiver. The sale was the first farm sale the immediate territory senson and was largeattended Cows sold as high $37 per head heifers freshen spring commanded prices from to $30 each. Horses high per head with old colt bringing Late sumpigs estimated about pounds sold for per head The went rapidly prices ranging from to cents per bushel and most farm machinery brought good prices. commenting upon the sale the William Lisk stated the best he cried in the past years and he felt that spirited bidding and good prices times pearing on the horizon. The better bidding plainly evident though the terms of the sale were cash. Student First Aid Work Make Proper Bandage" part of first work. be cussed homemaker's thrift meeting to be held the farm this Friday afterof this commencing o'clock. Mrs. Etta of this city will be the demonstrator this session. All homemakers welcome and invited attend this meeting. Those who come are asked to bring small roll of inch bandage gauge muslin to be used the to conducted during the afternoon. first aid by the use of bandages matter in the houseand for this reason that the subject was selected for the January home bureau thrift meetIng. Elizabeth News Briefs Miss Marie Shimmel Chicago Donald Matthew University Wisconsin were guests the home of the latter's Mrs. Dalsy Matthews, the last of the Darlene Eberle of Rockford visither John Thomthe H. Gable was business caller in Chicago the fore part of this week. R. MacHammond returned Monday from Allerton. Iowa, where he visited for the week with relatives and friends. Mrs. Edith Read has been III her home here for the past several days. Mrs. Cora Rigby. who visited over holidays homes Mr and Mrs. John McKenzie and Mrs. Fraser other relatives has returned to her home in Oak Park. Mrs. Albert Nash of Rockford visitor relatives here over the week-end. Stockton, one of the contenders for the title in the Grant ference meet Elizabeth high school basketball team in this city Friday evening. Kyle, agent for the Chicago Great Western railroad is expecting take brief vacation from duties soon, Markham Woodbine to substitute during his absence.