State Bank of Commerce

Episode Information

Episode UID: 70166471627
Episode Type: Suspension → Closure
Bank Type: state
Bank ID: 7016647 routing
Routing Number: 70-1664
Start Date: July 4, 1935
Location: Wheeler, Illinois (39.047, -88.316)

Metadata

Model: gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest: a5c0cfb264fb65b2

Response Measures

None

Description

Article reports receiver resignation and successor appointed to wind up affairs, indicating the bank is in receivership.

Events (1)

1. July 4, 1935 Receivership

Newspaper Excerpt: W. D. Burnett ... has succeeded Walter W. Payne ... as receiver of the State Bank of Rose Hill and Dr. R. S. Wishard as receiver of the State Bank of Commerce of Wheeler, who have forwarded in their resignations.
Source: newspapers

Newspaper Articles (1)

1. July 4, 1935 The Special-Gazette Dieterich, IL

Article Text

BANK RECEIVERS CHANGED Newton—W. D. Burnett of Marshall, a deputy receiver under William L. O'Connell of Chicago, has succeeded Walter W. Payne of this city as receiver of the State Bank of Rose Hill and Dr. R. S. Wishard as receiver of the State Bank of Commerce of Wheeler, who have forwarded in their resignations. Mr. Burnett will be in charge of winding up the affairs of state banks in Jasper, Clark, Crawford, Edwards Lawrence and Richland counties, it is reported. Mr. Payne and Mr. Wishard will remain as receivers of the stockholders' assessment funds at Rose Hill and Wheeler respectively. It is presumed that A. A. Korn of Olney will be superseded as deputy receiver of the State Bank of West Liberty, although no information is available at this time about the latter bank.