Matherville Bank (Matherville, IL)

Episode Information

Episode UID
70144371582
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
7014437 routing
Routing Number
70-1443
Start Date
October 1, 1931*
Location
Matherville, Illinois (41.260, -90.608)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
532ca7bc9b417600

Response Measures

None

Description

OCR errors corrected; receiver service mentioned in 1934 implies receivership began ~1932, dates approximate.

Events (2)

1. October 1, 1931* Suspension
Cause
Voluntary Liquidation
Cause Details
Board of directors closed the bank voluntarily after decline in value of bonds in its asset portfolio.
Newspaper Excerpt
bank organized Sept. 24, 1920, capitalized at $15,000 and closed voluntarily Oct. this year.
Source
newspapers
2. February 1, 1932* Receivership
Newspaper Excerpt
He served for the last two years receiver for the Matherville bank, and present official ... for federal corn loans.
Source
newspapers

Newspaper Articles (2)

Article from The Rock Island Argus, November 2, 1931

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Article Text

BANK LIABILITY STARTED IN ALEDO COURT Stock Assessment Sought tion Opened by Creditors of Closed Matherville Bank. (Special to The Argus.) Aledo, III., Nov. to fix the liability of stockholders of the defunct Matherville State bank has been filed in circuit court of Aledo by three depositors on their own behalf and for all other creditors the bank. bank organized Sept. 24, 1920, capitalized at $15,000 and closed voluntarily Oct. this year. Most of the bank's assets diversified list bonds and the depression of values of such bonds brought about action of the board of directors. Louis of been Savings accounts of the bank are listed certificates of deposit, $3,200; demand deposits, those holding bills payable to the bank. none: those holding standing drafts, Attorney Paul Graham of Aledo filed the suit and the stockholders are George Adams, John Adams, John Buyan, Carroll Bopp. Mike Bugos, Corwin Bopp, Vernon Clark and Paul Child. Clark Child: William Coltman, James Child, Caddy. John Durney, William Frye. Amiel Frye, Paul Greenwood. George Gooden, Donald Gillogly, Ben Gifford, Ann Hebblin, Adolph Hagman, Charles Hagman, Dave Hakman. R. Howie. W. JohnB. Johnson, Matt Juras, Jackson, John Jones, Mary Jones, Stanko Kauzlarich, John Matejzel, Dan Milner. Ell Maynard, Mike Mack, administrator James Mack, John Malkenec, Moline. Hugh McGonigle, James O'Rourke. Oscar Charles Margaret Hagman, Anton Gulick. Ida Peterson. Dave PritchGeorge Ruzich, Mary Sass, Schroeder. Harvey Wood, Whan and Joe Perkey.


Article from The Rock Island Argus, February 7, 1934

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Article Text

Candidates in Mercer (Special to The Argus.) Aledo, III., Feb. Blaine Viola today announced candidacy for the Republican nomination for sheriff of Mercer county, and Louis Barnes of Preemption announced he candidate for the Democratic nomination for county treasurer. Mr. Blaine has never before office. He married, and has been operating near garage Viola for last 14 years. Mr. Barnes is farmer. He served for the last two years ceiver for the Matherville bank, and present official crib sealfor federal corn loans.